Quote:
Originally Posted by tonyandclaire89
Really..let me see unemployment 9.8% and rising... National Debt $12,000,000,000,000...and rising...yup Bluefly...the future is looking bright...On the contary I don't gloat about the struggles of millions of people..it just upsets me that Obama's polices are causing unecessary hardship...oh Yea...who said..... there is "great opportunity in the midst of" the "great crisis" befalling America. Gee... I really wonder whose gloating that Americans are suffering...  |
I don't think you understand economics as well as you think you do, just based on your numerous posts on this subject. Employment is always the last indicator and all the others have started to turn positive thanks to intervention by governments around the world.
I know that contradicts your ideology, but sometimes it works.
However, if we went in the other direction last election, McCain's proposal was to freeze all federal spending for 5 years. Taking the only entity out of the economy that was capable of borrowing and spending is simply a bad idea according to most experts.
It's counter intuitive, but deficit spending in an economic collapse is a proven mechanism to fuel recovery and limit the impacts of the collapse.
You're going to be able to gloat about unemployment numbers and deficits for some time to come (most studies indicate unemployment would be higher without intervention), but they'll come down eventually if this administration is worth anything.
It's like when FDR spent during the depression. A government can't end an economic collapse, since it doesn't control the market, but it can mitigate its impact until the markets recover.
Accept that or don't, but enough with these hate-filled rants. Too many people are suffering to continue this line of gloating everytime new unemployment numbers come out just so you can raise your nose as if you were right all along.
You weren't. Asking government to do nothing and just wait it out, as was McCain's plan, even if intervention does delay full recovery, is wreckless at best and inhumane at worst. Re-regulation, extended benefits, tax credits, infrastructure investments to compete in the 21st century, job creation, propping up the last industrial base we have... they all play a role.
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