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President Obama!
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<blockquote data-quote="804brown" data-source="post: 944481" data-attributes="member: 29553"><p><strong>Re: Obamanomics</strong></p><p></p><p></p><p></p><p>After WW2, when our debt ratio was higher, our economy grew exponentially. In theory the only reason debt holds back an economy is because it stifles borrowing. However, interest rates are at record lows for companies to borrow so the debt has nothing to do with access to cheap money. A matter of fact corporate america is still sitting on 2 trillion in CASH that they refuse to spend to help the economy grow.. So dont blame the debt for slow growth.</p></blockquote><p></p>
[QUOTE="804brown, post: 944481, member: 29553"] [b]Re: Obamanomics[/b] After WW2, when our debt ratio was higher, our economy grew exponentially. In theory the only reason debt holds back an economy is because it stifles borrowing. However, interest rates are at record lows for companies to borrow so the debt has nothing to do with access to cheap money. A matter of fact corporate america is still sitting on 2 trillion in CASH that they refuse to spend to help the economy grow.. So dont blame the debt for slow growth. [/QUOTE]
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