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  • It's our patriotic duty to spend more [Edit or Delete]0 comments
    Jul 26, 2011 10:57 AM
    Some bloggers are making comparisons with the debt ceiling and failure of Lehman Brothers. This is an entirely diferent beast- a beast where all dips are bought and stocks keep going up every week despite the apparent lack of any progress. I can't complain about that. The only ones freaking out over the debt are the political hacks. The stock and bond market could care less. The debt holders don't care either. The 14th amendment will be evoked. No default, no credit downgrade, Stocks & bonds will rally. Dow 14000 soon.
    In today's twitter culture politicians are expected to talk in sound bites because 140 characters is the maximum needed to sufficiency articulate a position on any issue without losing the attention of the public. It's also good for economic growth to dumb down speeches and for schools to dumb down the curricula. Well informed  Americans typically don't make as good consumers. Consumerism and spendism needs to be taught in schools. It's sometimes asked 'Is our children learning?' The question that should be asked is is our children buying? Is thier parents spending?
    Stop putting away money for retirement and college and instead put it into the economy. According to Businessweek It's still our patriotic duty to max out the credit card, to spend more, to watch Fox News. I agree. Also I don't see anything wrong with wiretapping to get information since these people are already in the public spotlight and any incriminating information should be reported to the proper authorities and be made public. 
    Obama please give a speech, in 140 characters or less (including all the umm's and ahh's), imploring Americans to spend more. That really would help your approval ratings.
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