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Tuesday, 17 August 2010 00:00 |
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Hi - this is the candid conservative with today's candid minute...
Did you know that some people are now getting 4% fixed rate home loans? That's a good thing if you have decent credit and an itch for a new home. It's bad if you have a savings account or rely on interest based income. It's also bad if you're Uncle Sam and pretending to manage the economy. If the interest rate banks are charged to borrow from the Fed is near zero already, there is no room to stimulate the economy. In spite of pumping 3+ trillion in debt into the economy, real America is limping and looking tired. What's next is something called qualitative easing - which is nothing more than the introduction of more printed dollars that will either drive up inflation or bankrupt our children's future. Our leaders continue to practice policies that seek to manipulate versus strengthen the economy. Improving the tax code, drastically cutting back on government, and refocusing on production over consumption are responsible fixes as an alternative to Uncle Sam's make-believe patches...
I'm Dr. Carl Mumpower and you've just spent a minute with a candid conservative...
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