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We are in recovery. Slow, agonizingly so, but it's happening. Our economy has been so damaged in the last 4 years that hoping for a quick recovery is, to put it bluntly, pie in the sky.
I'm curious about the "last 4 years" part of your statement. Are people finally starting to acknowledge that Democrats have held majorities in both chambers of Congress for the last 4 years, which include the beginning of the recession? Are we seeing some correlation between a bad economy and Big Spending Democrats?
I thought the blame was squarely on the shoulders of the GOP? What gives?
I'm curious about the "last 4 years" part of your statement. Are people finally starting to acknowledge that Democrats have held majorities in both chambers of Congress for the last 4 years, which include the beginning of the recession? Are we seeing some correlation between a bad economy and Big Spending Democrats?
I thought the blame was squarely on the shoulders of the GOP? What gives?
The recession began in 2006. That was my 4 year reference.
The recession began in 2006. That was my 4 year reference.
Yes, I know. That's the same year that Democrats swept into power. So, are Democrats complicit in the damage, or are they simply incapable of reversing policy that led to this recession, even with solid majorities to do so? If you ask me, the last 4 years does nothing to cast Democrats in a positive light.
Yes, I know. That's the same year that Democrats swept into power. So, are Democrats complicit in the damage, or are they simply incapable of reversing policy that led to this recession, even with solid majorities to do so? If you ask me, the last 4 years does nothing to cast Democrats in a positive light.
Yes the democrats are complicit, as well as the GOP, to say otherwise is dishonest.
We are in recovery. Slow, agonizingly so, but it's happening. Our economy has been so damaged in the last 4 years that hoping for a quick recovery is, to put it bluntly, pie in the sky.
Note about the author: Stephen J. Rose is a Research Professor at Georgetown University and author of Rebound: Why America Will Emerge Stronger From The Financial Crisis
Four reasons why the economy will roar back to life.
Do a thought experiment: Think back a year ago to what most analysts were predicting for the financial sector and for the state of the economy. In his newspaper column, Paul Krugman repeatedly warned that the policies adopted by the Bush and Obama administrations would have dire consequences. There was talk in other corners about no new business lending, slumping retail sales, and rising unemployment with no end in sight.
My rule of thumb is give more credibility to those who actually saw this crisis coming.....years before it manifested. Things don't "Just happen". We "evolved" into this situation. This means that there were "signs" that this was coming. Hence, if you (economist) did not see the signs before the crisis....I don't put as much faith in the signs you see or don't see now. Only a very small percentage of economist, at least those paraded and quoted in the MSM, saw this coming and warned about it. Nearly all of those in the small minority who saw this coming.....say that things are going to get worse.
We are in recovery. Slow, agonizingly so, but it's happening. Our economy has been so damaged in the last 4 years that hoping for a quick recovery is, to put it bluntly, pie in the sky.
Note about the author: Stephen J. Rose is a Research Professor at Georgetown University and author of Rebound: Why America Will Emerge Stronger From The Financial Crisis
Four reasons why the economy will roar back to life.
Do a thought experiment: Think back a year ago to what most analysts were predicting for the financial sector and for the state of the economy. In his newspaper column, Paul Krugman repeatedly warned that the policies adopted by the Bush and Obama administrations would have dire consequences. There was talk in other corners about no new business lending, slumping retail sales, and rising unemployment with no end in sight.
America will recover when Obama is out of office and a fiscal conservative takes his place who will lower corporate and personal income taxes, markedly cut spending, and address the debt.
Obama's socialist policies are designed to kill jobs and they have. With the Bush tax cuts expiring in 2011 as well as the additional Obamacare taxes kickin in, the nation will go into another round of recession, which will assure Obama's defeat.
The economy will come back because it always comes back. The real question is how far it will come back, and what are the effects of Washington's policies on recovery.
Yea, it will come back. After a bunch of stuff like this happens anyway:
My rule of thumb is give more credibility to those who actually saw this crisis coming.....years before it manifested. Things don't "Just happen". We "evolved" into this situation. This means that there were "signs" that this was coming. Hence, if you (economist) did not see the signs before the crisis....I don't put as much faith in the signs you see or don't see now. Only a very small percentage of economist, at least those paraded and quoted in the MSM, saw this coming and warned about it. Nearly all of those in the small minority who saw this coming.....say that things are going to get worse.
I partially agree with you, but would add that I'd also dismiss those who have been a doom and gloom economist for extended periods of time. Though a small minority of "legitimate" economists predicted a severe downturn, often these are the same folks who have been predicting doom since 1990. I'd dismiss them too, as "broken clock is always right twice a day" prognosticators.
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