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Recession 2.0?

According to some economic analysts we’ll likely see another recession. I’m more of a ‘supply-sider’ myself so I wasn’t too thrilled when the $814 billion Stimulus Package was passed last year. It gave government the right to intentionally add to our deficit in order to create jobs. Now the unemployment rate is nearing 10% and, despite recent rallies, it still looks like a bear market. It may have sounded like a good idea but I think many forget that the money has to come from somewhere. “Robbing Peter to pay Paul” by either borrowing money or raising taxes doesn’t add up in my mind. We’ll all be paying the price for years to come. How does this get us ahead? With the threat of deflation on the horizon it scares me to see the President picking at this economic scab.

What say you?

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