tag:blogger.com,1999:blog-8282587.post6141633971437484883..comments2024-03-19T01:48:39.709+00:00Comments on Power and Control: A Double Dip?M. Simonhttp://www.blogger.com/profile/09508934110558197375noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8282587.post-28165381179488690682009-11-01T00:50:23.866+00:002009-11-01T00:50:23.866+00:00There is neither the money nor the votes for a new...There is neither the money nor the votes for a new round of stimulus. <br /><br />Congress is in mortal fear of the Tea Parties. As they ought to be. <br /><br />The economy is just going to have to fall to its natural level and rebuild from there. All the government can do is make things worse.<br /><br />And a government program will be a waste of resources. Resources needed to get the economy back on the right track.M. Simonhttps://www.blogger.com/profile/09508934110558197375noreply@blogger.comtag:blogger.com,1999:blog-8282587.post-6362531511697949052009-11-01T00:31:33.824+00:002009-11-01T00:31:33.824+00:00RE: "...Midwest expanding for the first time ...RE: "...Midwest expanding for the first time in more than a year,..."<br /><br />This was due first to Cash-4-Clunkers, and that is now gone, and secondly, China's growing GDP, a their quest for raw materials is pushing up places like Caterpillar and Deere & Co., so it is on a very narrow front.<br /><br />China and OPEC could really hurt the U.S. and Europe here. If China lets their expansion push raw natural resources up to fast, or if OPEC and energy traders do the same to crude, you could very well see that "double-dip" or "W" recession. Both China and OPEC need to keep a close eye on this (the buying binge for the former and the price of crude for the latter). <br /><br />I am very afraid that the District of Columbia will have to do another round of major stimulus over the next six months. To bad it can't be this: "The Obama Administration anncounces a $500 billion natural gas conversion program."<br /><br />A guy can dream can't he?Don-n-ABQhttps://www.blogger.com/profile/07512839576712216336noreply@blogger.com