Home Forums Hunting & Shooting Hunter's Campfire On Cavuto today

Some 'economist', Mike Norman, saying that if .gov cuts spending it will hurt the economy more than just printing money and spending more.

I have never seen or heard a more stupid analysis in my life.

Bets are he is a liberal dhimmicrat. Two seconds on his web site proves it.
this idiots web site

yeah i saw that makes no since. cavuto made him sound foolish

Another kool-aid drinker polluting the minds of the gullible. kwg.

Pls permit me to play the Devil's Advocate here and suggest that maybe what he meant was that a great deal of the US economy is either underwritten by or financed outright by the Federal gov't. It follows logically from the foregoing that if the Fed turns off the spigot, misery will follow. That's certainly true here in the DC metro area, where the so-called "Beltway bandits" (Gov't research companies, consulting firms and smallish manufacturing outfits making gov't-specific goodies (many of them classified). It's my guess that's what the man meant re .gov spending.

On the other hand, who knows? I know I don't.

play devil's advocate all ya want. Its not a bad thing to do.

however, go read this cretin's website. It will all be made clear.

Mike Norman is an ill mannered moron. Before the RE meltdown he was saying that there was no bubble, and that housing and the RE market would continue rising forever. He was wrong then, and he's wrong now.

Each dime that government spends comes out of the private sector, whether its gotten through taxation or borrowing, it crowds out the private businessman. The economy will never turn around until the private sector starts to create jobs, which they will never do as long as .gov is passing regulations, taxing, spending and borrowing.