Weakest Retail Spending Since 2008? (government, state, propaganda, voters)
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I disagree with you assessment. As a percentage of GDP, US debt after WWII was greater than it is now. Granted we had more advantages - compared to other countries - then than we do now, but the debt will be managed and gradually paid down.
Ken
When and how we will manage the debt and pay it down
I disagree with you assessment. As a percentage of GDP, US debt after WWII was greater than it is now. Granted we had more advantages - compared to other countries - then than we do now, but the debt will be managed and gradually paid down.
Ken
You disagree? That wasn't my assessment, that was a fact. The Fed's balance sheet grew from $200 billion in 2008 to over $1.4 trillion today. I agree with you that we will gradually pay it down, however that is exactly what prolongs recessions. You described the situation where we have a recession similar to the one Japan has seen for the last 20+ years.
This is the problem. The majority of Obama's voters are very clueless when it comes to economics.
You disagree? That wasn't my assessment, that was a fact. The Fed's balance sheet grew from $200 billion in 2008 to over $1.4 trillion today. I agree with you that we will gradually pay it down, however that is exactly what prolongs recessions. You described the situation where we have a recession similar to the one Japan has seen for the last 20+ years.
This is the problem. The majority of Obama's voters are very clueless when it comes to economics.
Japan's basic problem was their economy relied too much on exports. As competitors, such as China and India, came on board Japan's economy went into the tank.
And you do realize that problems surrounding how to get out of a prolonged recession can be caused by several different factors, no?
Several, yes. Unlike, "this is what I believe, and I'm going to stick with it". But, you brought in Japan, and I mentioned its struggle to get out of deflationary cycles. Did you disagree with it?
Japan's basic problem was their economy relied too much on exports. As competitors, such as China and India, came on board Japan's economy went into the tank.
I think you missed my point. I was pointing to a country which has been in a prolonged recession as a warning to the United States to do whatever it can to avoid getting into a similar situation. Obviously the causes of the economic problems with Japan and the United States are very, very different.
Your statement is just more of the nonsense being rejected. The fact that you just continue to spout it shows you have simply learned nothing from that defeat.
Ken
It is weird that both parties created these safety nets, but when the crap finally hits the fan and people actually need the safety net, one party feighs ourtrage, and accuses people of being "takers" and "parasites" and "slaves". I dont' know anyone who lost a job, and did not want so find a new one ASAP. They did not feel enslaved, just because they accepted a UE check which helped them pay the bills until they found a new job.
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