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Presidents can not create jobs, but they can set the conditions so do that business's either thrive, or fail. And this presidents policies are failing miserably.
Considering the massive turnaround in our economy after congress began enacting his policies, and the slowdown in the face of a congress that now refuses to do so, I'd say that this is, at best, a weak claim.
The fact is that, while a president, or rather a government, can't control the global economy, they certainly can and do create jobs, either directly through hiring, or indirectly through contracting out to businesses. They can also change economic conditions through regulation or lack thereof (eg. The total lack of regulations that led to the 2008 crisis), or through fiscal policy, which is one area where Europe is messing up hard.
Considering the massive turnaround in our economy after congress began enacting his policies, and the slowdown in the face of a congress that now refuses to do so, I'd say that this is, at best, a weak claim.
Now don't take this to heart 'but' .. What The #e!! does that mean?
Massive 'Turnaround'?
And WHICH Congress refuses to Do What!?
The First Half of his term Congress which ki$$ed his @ $ $, gave him everything he asked for and DROVE us into the Massive deficit that we have now or .. THIS Congress which has a House Trying to pass a budget and a Senate Making Sure that a budget isn't passed!?
Now don't take this to heart 'but' .. What The #e!! does that mean?
Massive 'Turnaround'?
And WHICH Congress refuses to Do What!?
The First Half of his term Congress which ki$$ed his @ $ $, gave him everything he asked for and DROVE us into the Massive deficit that we have now or .. THIS Congress which has a House Trying to pass a budget and a Senate Making Sure that a budget isn't passed!?
What is interesting is the GOP is trying to say the economy would have been so much better with the austerity, deficit reduction stuff. That has worked so well in Europe. If you wonder if the stimulus worked, just compare it to those countries. We are not doing great, but neither are we going down the tubes. That is about the best you can get when deregulation fuels a bubble of epic proportions, destabilizing the whole global economy. I think Brooks is saying something to this effect, and I appreciate his honesty.
What is interesting is the GOP is trying to say the economy would have been so much better with the austerity, deficit reduction stuff. That has worked so well in Europe. If you wonder if the stimulus worked, just compare it to those countries. We are not doing great, but neither are we going down the tubes. That is about the best you can get when deregulation fuels a bubble of epic proportions, destabilizing the whole global economy. I think Brooks is saying something to this effect, and I appreciate his honesty.
Deficit Reduction .. In Europe?
Give me a break!
Raising Taxes while Spending More is In No Way the GOP's idea of austerity and is Exactly what Europe was/is doing .. Raising Taxes While Spending More!
Quote:
According to the Organization for Economic Co-operation and Development (OECD), tax hikes accounted for nearly 50 percent of France’s deficit-reduction package. The percentage was even higher in Greece and Portugal.
Meanwhile, government spending as a percentage of gross domestic product (GDP) has increased in all of the major European economies. In many cases, spending levels are higher than they were before the financial crisis and ensuing recession.
Sound Familiar?
Yep .. The Democrats plan for Economic Prosperity!
You Democrats need more than a little time in an economics classroom!
Isn't he just telling the truth? Especially when talking about market economies like America's. I mean a communist/socialist economy is probably the only economy where one leader can actually try to dictate economic outcomes.
And Obama and his collection of sheltered academics, unions accustomed to the protection of the state, and the usual collection of dreamers, looters and thugs, are seeking to move our economy in that direction.
if I were foolish enough to want to live in corrupt Europe, I couid move there of my own free will; I don't want it foced upon me.
So Obama is held hostage to global economic conditions, but Bush wasn't?
Global economic conditions were much better during W's Presidency. That excludes at the end where the stupid deregulation mantra nearly destroyed the financial system in the US and pretty much sent the global economy into a recession.
Global economic conditions were much better during W's Presidency. That excludes at the end where the stupid deregulation mantra nearly destroyed the financial system in the US and pretty much sent the global economy into a recession.
Life is pretty good when you're eating the seed corn, or riding the cocaine binge, or surfing that HELOC. The tough part is when the check comes due.
Absolutely, he's right about presidents not having much control over the economy. But as long as presidential candidates make promises to improve the economy, they perpetuate this myth.
your focusing on the symptoms and not the real problem.
1. Obama is a socialist.
2. Socialism does not work.
These are global issues no doubt. But I'll admit that Obama has not dealt with the issues as well as I thought he would. He hasn't shown much leadership on the world stage.
Maybe if the US would have been in a better position financially he could have taken a lead role helping Europe work out it's problems.
I see Angela Merkel on CNN every day now. I remember a few years ago seeing a German PM on TV was a rare occasion and usually only with an American or Russian president sitting next to them.
Considering the massive turnaround in our economy after congress began enacting his policies, and the slowdown in the face of a congress that now refuses to do so, I'd say that this is, at best, a weak claim.
I challenge you to educate yourself because the economy turned around BEFORE his policies were enacted, not after.
Quote:
Originally Posted by Hadoken
The fact is that, while a president, or rather a government, can't control the global economy, they certainly can and do create jobs, either directly through hiring, or indirectly through contracting out to businesses. They can also change economic conditions through regulation or lack thereof (eg. The total lack of regulations that led to the 2008 crisis), or through fiscal policy, which is one area where Europe is messing up hard.
Actually presidents cant. If they hire directly, this gets offset by jobs in the private sector. For example, if the President decided to hire people to run around and cut peoples grass, this means that I, dont need to hire someone to cut grass and have to fire them.
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