Uncle Sam is out of bullets - Meredith Whitney; CNBC Dec. 8, 2009 (16min.)

[LargoWinch]

Part I


Part II

[goadam1]

Re: Uncle Sam is out of bullets - Meredith Whitney; CNBC Dec. 8, 2009 (16min.)

Jumping Joe has some kind of mental block on what she is saying. Meredith is making a call about the real world and how bad money policy will effect real lives and standards of living. Jumping Joe wants a nice place for advertisers of financial products. All he wants to know is if she is making a market call. I wish we could have heard more of what she thinks.

[grapejelly]

Re: Uncle Sam is out of bullets - Meredith Whitney; CNBC Dec. 8, 2009 (16min.)

of course, she thinks the government "creates" jobs and therefore, since local governments are "out of money" where will these jobs go?

[Jay]

Re: Uncle Sam is out of bullets - Meredith Whitney; CNBC Dec. 8, 2009 (16min.)

of course, she thinks the government "creates" jobs and therefore, since local governments are "out of money" where will these jobs go?

I don't know if she necessarily is jumping to that conclusion, she might just be pointing out that local government jobs will likely shrink due to fiscal considerations and may not be making a judgement that government jobs per se are "worthy."