The Chinese did something similar with silk. They traded the wonder fabric for gold. The fools fell for it. The silk ultimately shredded and the Chinese treasure was filled with gold.

Economics isn’t quite that simple. Sometimes having gold is awful because your people need to eat. Sometimes having gold is precious because it gives you flexibility and maybe the ability to wait until you know what you need to buy.

You may say they were foolish for buying silk cloth, but at least it had utilitarian value for a time.

time to hunker down.

I don’t think any presidential candidate should even suggest someone as a veep candidate until they’ve won the nomination and even then it should only be done after consulting the veep candidate privately.

KKKonservatives are innocent, I tell you…innocent…
I swear, we didn’t do it…it’s Carter’s fault, or maybe
Jesse Jackson’s…no! No! Don’t come any closer!
KKKonservatives are innocent, I swear it!
I swear! We’re inno….Aaaaaaahhhh!!!

Some thing has found Conservatism——–
CLOVER-REALITY!!!!!!!!!!!

Chaney shorted the market two weeks ago, and has doubled his fortune, along with all the other senior administration figures and many well connected rich republicans.

http://www.answers.com/topic/p…..at=biz-fin
The above defines pump priming.

my response at 240 should have included this post at 238 since this is what I was responding to

you can’t “prime the pump” in an industry that is successful, that pump is already primed, priming itself indicates there is a vacuum that has to be filled

that’s what the neo cons leave out with their “pump priming”, they continue to “prime the pump” of industry that can’t be primed since they are already profitable and are already growing at the acceptable rate

priming is for unsuccessful industry or industry we need to grow at greater rate, it’s not for anything else and it certainly isn’t a gift for the wealthy, it’s an investment in the needy

I wonder how much the value of the dollar will drop thanks to the Fed rate cut? In a sense a rate cut drops the value of everybody’s money and makes loans cheaper. Which means I pay more money for gas. But the Bank can borrow money cheaper to pay its debts.

But then again the recession means less production and transportation costs, as well as driving by the general public. So there may actually be a glut of gasoline. In fact, the price of oil in Europe dropped the equivalent of almost $10/bbl today.