Do The Europeans Have a Point?

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Keynes's picture
User offline. Last seen 7 years 46 weeks ago. Offline
Joined: 02/27/2009

So obviously I'm in favor of stimulus, however I become increasingly worried that the Obama administration is simply trying to re-inflate the bubble.  While I'm find with debt being transferred to the government in the short term, it doesn't appear that's really happening.  Personal balance sheets are looking a little better, but what about banks?  Until banking is "cleaned up" I don't think we're going to be able to get on with things.  While obviously anti-capitalism sentiment is on the rise, if you listen to some of the more reasonable voices from Europe, they seem to be suggesting that the USA needs to hurry up and do something about our banking system.  I'm not sure I don't disagree with those people.