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Regarding the main theme of this thread, that Obama is doing a bad job at bringing unemployment down and reducing the deficit, the two are opposite goals. If one wants to reduce unemployment in a demand down economy, the government must act as the spender of last resort and boast spending to make up for the economy's dropped demand.
On the deficit, boosting spending to lower unemployment increases the deficit. Of course, the nation could increase taxes on the wealthy to pay for that spending but we are all witnesses to the Republicans unwilling to allow that.
In essence, don't complain about deficits if you are unwilling to raise taxes. (Don't give me this 'it's a spending problem nonsense either, it isn't.) We shouldn't cut spending during a recession because it worsens unemployment.
I would think that Rick Perry, Pawlenty, Cain, or Romney would do a much better job. All have had executive experience and are not wed to the principles of socialism. Further, buisness would not be terrified of them. There is so much uncertainty about exactly what Obama will do that buisness has piles of cash waiting on the sidelines. With the assurances (through any one of the above four) that the next president would not be another anti-buisness nut job, we will be much better off. Further, we need a president who will actually stop the insane spending and Obama is not that man.
Regarding the main theme of this thread, that Obama is doing a bad job at bringing unemployment down and reducing the deficit, the two are opposite goals. If one wants to reduce unemployment in a demand down economy, the government must act as the spender of last resort and boast spending to make up for the economy's dropped demand.
On the deficit, boosting spending to lower unemployment increases the deficit. Of course, the nation could increase taxes on the wealthy to pay for that spending but we are all witnesses to the Republicans unwilling to allow that.
In essence, don't complain about deficits if you are unwilling to raise taxes. (Don't give me this 'it's a spending problem nonsense either, it isn't.) We shouldn't cut spending during a recession because it worsens unemployment.
The is a rant thread with little debate value.
Ah........................ Keynesian economics. Let us review the wonderful thoughts of that Nobel Prize winner, Stiglitz, who is the champion of Keynesian economics and Obama's stimulus package. In Stiglitz last book (put out less than two years ago), he notes the wonderful successes of Greece, Spain, Italy, and Portugal as examples of how and why increased federal spending would help the US economy.
"Stimulus" from the feds has failed in every venue attempted. For those not paying attention, let us review the historical failures.
US Great Depression
Japan 80s-90s
Greece
Italy
Spain
Portugal
US 2009
But the OPEC nations are on the gold standard still. Since US dollars are falling and gold is going up in comparison, you are going to pay more at the pump, because of Quantitative Easing, inflating the dollar.
The dollar dropped from 120 to under 75 before Obama took office and doesn't seem to be a factor in gasoline rising in the last year. Today, the dollar index rose to a two-week high of 74.872, moving just above its 55-day moving average which comes in at 74.796.
The dollar dropped from 120 to under 75 before Obama took office and doesn't seem to be a factor in gasoline rising in the last year. Today, the dollar index rose to a two-week high of 74.872, moving just above its 55-day moving average which comes in at 74.796.
The Dow is going to be worth less than 7 ounces of gold today, steadily moving towards that infamous 1-1 ratio that occurred twice before in history, an over 80% drop since 2007.
I would think that Rick Perry, Pawlenty, Cain, or Romney would do a much better job. All have had executive experience and are not wed to the principles of socialism. Further, buisness would not be terrified of them. There is so much uncertainty about exactly what Obama will do that buisness has piles of cash waiting on the sidelines. With the assurances (through any one of the above four) that the next president would not be another anti-buisness nut job, we will be much better off. Further, we need a president who will actually stop the insane spending and Obama is not that man.
Oh come the **** on! Look at the work these people have done in the past. The amount of hypocrisy Perry spits out daily should make everyone run far far away from him being an option. You're just going to elect another lying, no good politician with an R instead of a D.
"Stimulus" from the feds has failed in every venue attempted. For those not paying attention, let us review the historical failures.
US Great Depression
Japan 80s-90s
Greece
Italy
Spain
Portugal
US 2009
That's revisionist history.
I covered the meme that 'FDR's policies didn't help the Depression' here.
The US 2009 stimulus did, in fact, have positive effects. The problem was that Republicans insisted that 40% should be tax-cuts, which is notoriously poor stimulus and the plan was spread out over 2 years. So, the entire stimulus was less than $400b spread out over $28 trillion of GDP. Liberal economists at the time was saying what was going to happen.
Quote:
January 6, 2009:
I see the following scenario: a weak stimulus plan, perhaps even weaker than what we’re talking about now, is crafted to win those extra GOP votes. The plan limits the rise in unemployment, but things are still pretty bad, with the rate peaking at something like 9 percent and coming down only slowly. And then Mitch McConnell says “See, government spending doesn’t work.”
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You're just going to elect another lying, no good politician with an R instead of a D.
