Thursday, July 2, 2009

Carmen Altenkirch

Both Carmen Altenkirch, Nedbank Economist and Mike Shussler said "government spending should not be reigned back until the recession ended" and "the government needed 'to pick up some of the slack in the economy'(Star - Business Report: Thursday July 2, 2009". Poepolle - do they not know that, similar to an invidual household - when things get tough you do not spend yourself out of debt - one becomes more prudent. The same with a business. The same with a local and world economy. It was people with this kind of economic thinking that caused the ecomnomic meltdown in the first place.

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