GM Commences $13 Billion Public Offering

[a_Username]

Originally Posted by 2010-1SS-IBM

Unfortunately, we're not following Keynes either. Keynes called for fiscal austerity once recessions end (which is what Europe is doing). Our government decided to just keep spending and spending.

He called for government spending to make up the "slack demand" of the market, considering he concluded that the market can have high levels of unemployment while still being at its equilibrium supply and demand level. The fact is that unemployment is still floating around 9.5%, so economists like Krugman, the main proponent of New Keynesian Economics, have reasoned it is because the government hasn't spent enough. Regardless, we are undoubtedly following Keynes, although it was actually the ECB (European Central Bank) that recently released a report that denied government stimulus even spurred growth.

[Russo]

if things go as planned, we will pass a bill to audit the fed.. that will be the first step in ending the bubble/burst cycle...

[derklug]

I got lucky on Ford and GE, as I didn't believe Ford would fail, and I knew GE was more than it's financial division. That said, I am selling out both and hanging out in some muni's untill the economy decides what it wants to do. Hopefully my $6 will increase to $8 so I can buy a six-pack.