tag:blogger.com,1999:blog-3210378500200629631.post7150004078416558738..comments2023-11-06T00:09:38.672-08:00Comments on Mase: Economics and Finance: Obama to Tackle Deficit--Next Year!Mase: Economics and Financehttp://www.blogger.com/profile/16730994070959040962noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3210378500200629631.post-31626595163412080272009-10-20T17:21:12.920-07:002009-10-20T17:21:12.920-07:00"Daily, there is more and more talk about the..."Daily, there is more and more talk about the inability of the Obama administration to make decisions, to act. It only talks and promises."<br /><br />I am not prepared to defend this statement, but I think Obama (like a long string of Presidents before him) has no idea how to solve the economic problem. (The problem is not that he is "weak." The problem is that he has no solution.) As I said, I am not prepared to defend my view.<br /><br />"the United States government ran massive deficits earlier in this decade and the Federal Reserve supported such debt with extremely low interest rates while it allowed asset bubbles to run their course."<br /><br />Q: Could the Fed, if it wanted, support the Federal debt with extremely low interest rates while (at the same time) keeping other interest rates high enough to prevent or contain asset bubbles? Probably a dumb question....The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com