Deseret News | Line is thin between promoting expansion and fostering bubbles

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Robert J. Samuelson: Line is thin between promoting expansion and fostering bubbles

Great article | 1:03 a.m. Nov. 9, 2009

Great article that should be required reading in the halls of Congress and in every economnic college course in America! We are living in an economic bubble and our "leaders" are blowing more bubbles everyday!

Ralph | 7:30 a.m. Nov. 9, 2009

But ... but we've always been told that all growth is good! How can this be? The Powers That Be in big business wouldn't lie to us, would they?

Earl | 7:42 a.m. Nov. 9, 2009

Mr. Samuelson is on track as far as he follows Roubini's analysis. But he doesn't understand the nature of economic bubbles or what causes them. There is no "thin line" in this case. The Bush and Obama administrations have thrown money at the problem and prevented the necessary corrections from the previous bubbles (dot-com and real estate). We're still in those bubbles and a new one is growing out of them, and this one is Godzilla. When it pops, there may be nothing left to prop it up.

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wallofvoodoo | 9:42 a.m. Nov. 9, 2009

Seen gas proces lately? Yeah there is a bubble waiting to burst, everyone can see it. That is why the recovery isn't going to last.

what in tucket? | 4:32 p.m. Nov. 9, 2009

We need tax cuts bad and a strong economy. The elephant in the kitchen is Medicare behind trillions and Social Security. Now this health care bill is going to cost untold trillions. I guess it is socialism for us and poverty.

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