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it was a "State of the Union" address. That implies the current state.
Mentioning what happened over a year ago is nothing more than blame.
and all his plans have been tried over and over for thousands of years in all sorts of different countries. They have never once worked. thay aint gonna work this time either.
Perhaps you should review the policies of Hoover that aggravated the great depression and the policies of FDR that brought us out of the depression.
The Great Depression and New Deal, 1929-1939 (http://iws.ccccd.edu/kwilkison/Online1302home/20th%20Century/DepressionNewDeal.html - broken link)
Quote:
President Herbert Hoover resisted calls for government intervention on behalf of individuals. He reiterated his belief that if left alone the economy would right itself and argued that direct government assistance to individuals would weaken the moral fiber of the American people. Hoover further believed that during hard times the government should adopt austerity measures, that is, cut spending even further.
Quote:
The "second" New Deal attempted to end the Depression by spending at the bottom of the economy where government funds attempted to turn non-consumers into consumers again. Many of the programs lasted only until World War II while others became permanent fixtures in American life. Here are three to illustrate the central thrust of the second New Deal. The Works Progress Administration was a huge federal jobs program that sought to hire unemployed breadwinners for the purpose strengthening their family's well-being as well as boosting consumer demand. The jobs varied but consisted of mainly of construction of public roads, buildings and parks. Over the course of its life (1935-43) over eight million Americans worked on WPA projects. This was "counter-cyclical demand management" on a huge scale.
The underlying premise that one can spend its way into prosperity. I thought that was inherent. Guess not.
Intent of cash for clunkers:
1 - increase auto sales to provide cash up and down the supply chain for auto manufacturers and dealers - SUCCESS
2 - remove less fuel efficient cars from the road to decrease pollution and reduce dependence on imported oil - SUCCESS
3 - disable old cars so as not to further depress the used car market - SUCCESS
4 - provide a one-time shot of cash infusion and sales to delay or prevent additional losses in the auto industry - MIXED RESULTS
Spending way to prosperity was not one of the criteria. Cushioning the effects of the depressed new car market and encouraging people and creditors to part with cash and circulate more money into the economy was.
How about we stop blaming anyone and realize we have been on this path for 30 years, both major parties and ourselves are at fault. We need to work hard and try to rebuild an economy based on growth and actual value instead of borrowing our way to temporary prosperity. Blaming seems to be a waste of time.In a free society, politicians aren't really responsable for the economy, no matter how much they claim to be in good times. So neither obama or bush should be singled out.Bush initiated the bailout plan for the economy if it works out he should get some of the credit. If it goes sour, remember obama would have done the same thing. The causes of the recent recession may be debatable but the fact that obama and bush acted fairly promptly and effectively to respond.From some of the things i have read the chinese are partly responsible by overloading the globel financial system. The failure of the chinese to construct a workable social security system has forced the chinese to save to a ridiculous extent. These savings were put into U S Treasury bills, the only debt market big enough to accommodate these hundreds of billions of dollars. This massive influx of capital created artificial price floors which collapsed, taking bear stearns and others with them.China has become our main competitor for natural resources,and china is unscupulous and merciless.A confrontation at some"distant outpost" is only a matter of time.
Intent of cash for clunkers:
1 - increase auto sales to provide cash up and down the supply chain for auto manufacturers and dealers - SUCCESS
2 - remove less fuel efficient cars from the road to decrease pollution and reduce dependence on imported oil - SUCCESS
3 - disable old cars so as not to further depress the used car market - SUCCESS
4 - provide a one-time shot of cash infusion and sales to delay or prevent additional losses in the auto industry - MIXED RESULTS
Spending way to prosperity was not one of the criteria. Cushioning the effects of the depressed new car market and encouraging people and creditors to part with cash and circulate more money into the economy was.
Not a criteria, it was the premise. The government federally subsidized new car purchases, ala they spent borrowed/printed money we don't have to exact their end result... which failed. You may claim success all you like, but it's widely thought of as a failure by most measures. - Bloomberg.com Cash For Clunkers: A Failed Program | Daily Markets
E-Team | Cash For Clunkers Bill Failed To Accomplish Goals (http://environment.ncpa.org/news/cash-for-clunkers-bill-failed-to-accomplish-goals - broken link) The High Cost of Cash for*Clunkers - Brief Analysis #674
Not a criteria, it was the premise. The government federally subsidized new car purchases, ala they spent borrowed/printed money we don't have to exact their end result... which failed. You may claim success all you like, but it's widely thought of as a failure by most measures. - Bloomberg.com Cash For Clunkers: A Failed Program | Daily Markets
E-Team | Cash For Clunkers Bill Failed To Accomplish Goals (http://environment.ncpa.org/news/cash-for-clunkers-bill-failed-to-accomplish-goals - broken link) The High Cost of Cash for*Clunkers - Brief Analysis #674
I see your "failure" articles and raise you "success" articles:
The causes of the recent recession may be debatable but the fact that obama and bush acted fairly promptly and effectively to respond.From some of the things i have read the chinese are partly responsible by overloading the globel financial system. The failure of the chinese to construct a workable social security system has forced the chinese to save to a ridiculous extent. These savings were put into U S Treasury bills, the only debt market big enough to accommodate these hundreds of billions of dollars. This massive influx of capital created artificial price floors which collapsed, taking bear stearns and others with them.
This is laughable, that you would condemn individuals in China for "oversaving" to a "ridiculous extent" for their personal, long-term economic security, which, in turn, helped cause the collapse. ??!
I suppose a huge Ponzi-scheme structured by the Chinese government (modeled on our great, broke Social Security system) is all the solution the poor billions of Chinese need? LOL!
That should really help fix the entire world's economy!
As long as Obama is a screw up excuse me, he will continue to blame Bush, easy escape goat. He seems to have no problems blaming others for his failures.
The only person being "escape" goated, as you so creatively put it, is Obama himself. The Bush Administration fought a war on two fronts while cutting taxes at the same time. Aside from burning money in huge bon fires I can't think of a quicker way to bankrupt a nation. It's absolutely amazing that we didn't fall into a second great depression. It took a lot of gutsy decisions and massive action to keep that wolf from the door.
Fanklin D. Roosevelt brought the U.S. economy back to solvency with the same kind of massive action via his "New Deal" policies and work programs. And even in his time, and in spite of his success he was vilified as a socialist. Sound familiar?
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