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"That darn Obama hasn't returned America to prosperity in his first nine months! He's worthless I tell you!"
That really doesn't work - it's ten months actually (we're in November) and you all blamed Bush for not getting rid of all the terrorists Clinton allowed into the country in his first 8 months.
Seriously - if you're going to blame Bush for 9-11, then you have to blame Obama for anything that happened for the same or longer time period.
I encourage everyone to familiarize themselves with Keynesian economics then run like the wind to avoid his policies.
"Keynes predicted that, as a result of the Versailles Treaty, iron and steel production in Europe would decline. Instead, it rose. He predicted that German pre-war coal output could not be sustained. It was sustained. He predicted that Germany could not export coal. In fact, it did."
"Felix Somary, a Swiss banker, related how Keynes had approached him in the mid-20s for stock recommendations. Somary, who subscribed to the Austrian School of economics, refused to give him any, warning that a speculative bubble was emerging. Keynes confidently replied: "There will be no more crashes in our lifetime." The financial collapse apparently did nothing to dent his self-confidence."
"Once the depression was underway Keynes still hailed the price stabilization scheme that caused it as a "triumph." When it suited him, Keynes' conceit apparently left him unfazed by mere facts."
"In the Preface to the 1936 German language edition of his General Theory, Keynes told his German readers that his theories were much more suited to a totalitarian state, like the one the Nazis had in place, than to a free market."
In very simple terms Keynesian economics states that when in recession/depression, the State has to fill the gap that is left by private sector.
In the decades preceeding the 1930's, laissez-faire capitalism reigned.
This lead to the Wall Street crash, depression throughout the industrialised world.
A somewhat similar situation has materialised today.
Softening of regulation, growth in hedge funds, massive expansion in credit, pyramid selling.
These activities have all contributed to the mess we are in - and the only institution in all countries who can, and who are capable, of stepping in to this vaccum, is the State.
When investment cannot be provided by the private sector, Keynes advocated that the State sector step in.
When stimulus to the factors of production cannot be provided by the private sector, the State steps in.
This injection in to the economy brings about economic activity which generates transational activity and which in time transfuses to the private sector.
As things stand, the private sector cannot step in the breach.
Seriously - if you're going to blame Bush for 9-11, then you have to blame Obama for anything that happened for the same or longer time period.
I don't think Bush could have prevented 9/11. At least not with the information that he had. It's true that his administration simply back-burnered the terrorism issue after they had been told by Clinton officials that it would be the number one problem on their watch, but that didn't open the doors to 9/11. That attack could have been foiled only by some serendipitous act or discovery that led to the unraveling of the whole plot. There as no way to guess up front which of thousands of possible (and expensive) actions should have been taken.
I do think Bush could have prevented the economic crisis. Instead, he caused and encouraged it. Only when it was much too late did he seem to realize what he'd done.
Obama has meanwhile been handed a mop and told to go cleanup a grocery store after an earthquake. Cleanup in Aisle-1. Cleanup in Aisle-2. Cleanup in Aisle-3. Cleanup in Aisle-Everything. It's a huge task and it isn't going to be accomplished quickly or easily, either here or in all the other affected economies. This is not like any economic situation we have been through before. It isn't a matter of some imaginary business cycle downturn. A big hole was blown in an important part of the basic economic apparatus. There aren't any trained repair crews to call in. So far, Obama and the rest who are working on this have done a very good job of inventing ways to deal with problems on the fly. They have stopped much of the bleeding, but there is a lot yet left to do. That's just how it is. It would have been a lot simpler to have kept the problem from occurring to begin with, but that option isn't available to us anymore...
Its my thread, and you want to tell me what its about?
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Originally Posted by wade52
If you and your peers would just admit that, you could move beyond your ridiculous distractions and childish attempts to delegitimize his presidency.
You mean like you just tried again to do to the last one?
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Originally Posted by wade52
czars!
Would that be the self admitted communist ones?
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Originally Posted by wade52
birth certificates!
Would this be the birth certificate issue that Clinton brought up?
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Originally Posted by wade52
teleprompters!
So you admit teleprompers are an issue? Odd,
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Originally Posted by wade52
death panels!
More commonly referred to as "healthcare" by the left..
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Originally Posted by wade52
Try this:"Don't blame Obama for the mess Bush created"
So now Bush created issues about Obama czars, healthcare, his birth certificate, or are you again trying to change the subject from the issue, to your pretend issue?
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Originally Posted by wade52
If you could take that one small step towards reality, you could move ahead instead of bitterly whining about a lost election.What's typical is your dogged insistence that the problems Bush left behind are somehow caused by Obama. Get real, pal. You whine incessantly about each and every action that's aimed at resolving the huge Bush mess while loudly proclaiming that Bush didn't cause it. That's the entire premise of your thread.
I thought you wanted to focus on the issue, if this is true, why do you keep going to Bush? Do you want to change the issue, or pretend its about Bush?
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Originally Posted by wade52
Hyperpartisan silliness and nothing more.
Well atleast you recognize your posting as such.
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Originally Posted by wade52
America's in trouble. Trouble created by eight years of cronyism, mismanagement, and neglect. Obama's trying to right the ship and you righties are doing everything in your power to capsize it.
Boo hoo hoo, there go you again with your hyperpartisan, silliness, and nothing more..
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Originally Posted by wade52
To complain that you shouldn't be called on your obvious attempts to deflect is puerile in the extreme.
You dont get to dictate to me what my thread is about.. If you dont like the thread, and cant discuss current event, dont bother responding..
In very simple terms Keynesian economics states that when in recession/depression, the State has to fill the gap that is left by private sector.
In the decades preceeding the 1930's, laissez-faire capitalism reigned.
This lead to the Wall Street crash, depression throughout the industrialised world.
I disagree. Laissez-faire capitalism did not lead to the depression. Federal reserve inflationary credit expansion did. The stock market bubble caused by the "free money" led to the mal investment.
What's typical is your dogged insistence that the problems Bush left behind are somehow caused by Obama. Get real, pal. You whine incessantly about each and every action that's aimed at resolving the huge Bush mess while loudly proclaiming that Bush didn't cause it. That's the entire premise of your thread. Hyperpartisan silliness and nothing more.
Liked this part. Thought it could bear repeating at this point...
I clearly remember Hannity or some other talking head saying that Clinton's boom (so called I might add) is a doing of Bush Sr. since it takes as long as 8 years for presidential decisions to affect economy. I guess if it's unemployment curve, presidential decisions take effect immediately according the newest research of the right wing think tanks. What a volatility of economic science.
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according the newest research of the right wing think tanks. What a volatility of economic science.
