Thursday, April 28, 2011

Bad news on economy


I hope this will not be a "lost decade, a la Japan.

6 comments:

PBM said...

Did reduced government spending play a role in this?

TJE said...

What reduced spending?

PBM said...

Stimulus spending dying down and the billions in cuts made this quarter through CRs.

TJE said...

You mean the phantom "cuts" made within the last month? That would be very fast effect.

PBM said...

I'm talking more about the $12 or however many billion before the rest of 2011 CR, and the fact that all stimulus funded projects are winding down. But I was asking a question, not presenting the spending argument as fact, TJE.

TJE said...

http://online.wsj.com/article/SB10001424052748704463804576290943139855726.html?mod=WSJ_Opinion_LEADTop