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We already had corporatism under W and we can see the outright nightmare that caused. Right wing fiscal policies have never led to anything but more spending, more debt, and a worse economy.
In china.
The right wing goons don't give a damn about jobs here. Where are all the jobs Bachmann and the other right wingers were promising to create when they took the house?
you are aware that we still have a democratic president and a democratic senate?
for the record, those gigantic banking bonuses were under obama and the obama pay czar.
obama extended the bush tax cuts in case you didn't know that, but he actually ramped up the "bush spending".
evidently he isn't the only spender in the family because we have this from the daily mail UK:
The Obamas' summer break on Martha's Vineyard has already been branded a PR disaster after the couple arrived four hours apart on separate government jets.
But according to new reports, this is the least of their extravagances.
White House sources today claimed that the First Lady has spent $10million of U.S. taxpayers' money on vacations alone in the past year.
you are aware that we still have a democratic president and a democratic senate?
Which is correct, that haven't been able to get a damn thing done as the republicans keep acting like a bunch of babies filibustering absolutely everything the democrats propose to better the country. The right are holding the country hostage, trying to purposely tank the nation for their own political gain.
Quote:
Originally Posted by floridasandy
for the record, those gigantic banking bonuses were under obama and the obama pay czar.
Most were under Bush, but Obama did give the big banks funds as well, showing his center/right position.
Quote:
Originally Posted by floridasandy
obama extended the bush tax cuts in case you didn't know that, but he actually ramped up the "bush spending".
After the republicans and tea party threw a tantrum threatening to shut down the nation unless they got their precious tax cuts extended. This one I do agree was one of Obama's biggest blunders and he should have just let them expire, but keep in mind the tax cuts for the rich was a disastrous republican plan. If the right were for any kind of fiscal sanity, they never would have pushed to extend them in the first place.
That boom is the reason why we are in the mess we are in now.
The housing bubble was not real economic growth. It was an economy based on lies.
Agreed, I truly don't understand why people don't recognize this. Take notice to the interest rates before and after that time period, look at the amount of credit in the markets.
We also have the world's best universities, an infrastructure that is declining but is still one of the best in the world, a huge consumer market, some of the best agricultural land, untapped oil and mineral reserves, a very strong entrepeneurial record, etc. The U.S. is still a very good place to invest.
Please quote source of this 'fact' " infrastructure that is declining but is still one of the best in the world, "
With a strong progressive president and congress absolutely.
Are the progressive policies you are talking about how more people on Snap and more people on UE is a boom to consumer spending and good for the economy. I forgot to add on borrowed money to boot. Are those the progressive policies?
I agree with WestCobb, but getting rid of the Obamaminable one is priority #1, and replacing him with a pro-ambition, pro-capitalism, and pro individual freedom of choice President is an absolute must.
Several million citizens could be put back to work in a hurry if the interference and moronic attempts to micromanagve our economy from DC came to an immediate halt.
If you beleive that getting rid of the puppet will solve most of the problems.. Then you fail to grasp the magnitude and depth of the situation. You fail to realize that it mostly doesn't matter who is president as these issues are structural and require less corrupt congress to implement some changes. Not to mention that the financial oligarchs will destroy any attempt to undo what has been already done.
I believe this is why another poster mentioned why politics have to injected into an economic situation.
Please quote source of this 'fact' " infrastructure that is declining but is still one of the best in the world, "
According to this link, we rank 23. I heard 22 the other day on the radio. Granted, this isn't anything to brag about, but it shows our infrastructure is by no means third world standards. Ten years ago, we ranked ninth. That tells me that ten years from now, we can rank in the top 10 again as soon as we start investing in it again.
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