12-30-2009, 12:08 AM
Quote:I just think that they are going out on a limbo and spend as much as they can, so that the world does'nt allow them to fall.
If government spends, it means lower growth and less job creation but when private industry spends, it means more growth and more job creation.
US Government is spending money and rest of sectors are suffering.
US Government is on printing dollar binge, it will create inflation and negative growth.
Currently, every household had cut spending and there is a visible change in life style, World is heading for contraction for a long time. It will take long time to go back to bad spending habits.