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The Newtiny Spreads: Gingrich's Finance Team Bails

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Targetpractice6/21/2011 11:29:21 am PDT

re: #56 kirkspencer

Their argument is that Obama is a greater threat should he win a second term, supplemented by the argument that a second recession (falling off the brink) is a low-odds risk.

In other words, they believe the options area low short-term gain and low risk against large long-term loss. Pay now, or pay later.

What I’ve not been able to drag from them is the outline of the large long-term loss. I get the “intuitively obvious to the casual observer” response instead.

So, in other words, gamble that things won’t be “so bad,” but bad enough that Obama will be beatable. Then, when the GOP takes back office, things will suddenly get better overnight and America’s second Golden Age will begin.

But if they crap out and we end up in a Second Great Depression, what then? Oh, can’t happen. I mean, we’re America, God smiles upon us, how could it possibly ever be that bad again? *rolls eyes*