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Well, McCain's proposal for dealing with the recession was to freeze federal spending for 5 years. Few economists actually think that's a good idea. Most believe that the one entity capable of keeping capital moving through the economy when every other entity is retracting, should do its best to keep capital moving.
That, in essence, is what the stimuli under both Bush and Obama were about and there's quite a bit of evidence that it keeps millions employed, keeps city services (such as police and schools) fuctioning, and keeps banks/major industries from collapsing due to forces beyond them, until the economy can recover. It very well might delay the recovery some, but I think most would rather a little slower recovery than an utter societal collapse leading to violence, mayhem, and all the rest.
It takes courage to do what's right even though it's not popular, and Obama's shown that backbone. Just a matter of time before it starts to pay dividends. Any who think the economy is in worse shape now than in 2008 are simply wrong. There's absolutely no barometer to make that claim considering every single economic indicator is on an upward trend toward positive or already past it.
I disagree.
What have many American households done over the past couple years? Cut back on spending. Don't live beyond your means. Washington did the complete opposite. Our congressmen and senators continued to spend like there is no tomorrow, wasting money on pet projects, two wars, etc. As for the bailouts, you'll learn through basic economics, that bailing out an inefficient industry (such as the auto industry) simply takes more money away from other industries. More money for the auto industry equates to less money for say, the dishwasher industry (random example). And part of the reason why the auto industry nearly collasped was the unions. The U.A.W. required the auto companies to pay outrageous, above market level wages to its workers. It was simply unaffordable. The unions, bailouts, and government spending simply causes more unemployment, not less. The government's efforts to save industry and employment not only slow down economic recovery, but also adds to the debt. The sunshine may be finally starting to peak through the clouds, but we have a very long way to go before the sky clears up.
There would be no controversy. If Congress had passed the HC bill it would have landed on Mac's desk, he would have vetoed. Congress wouldn't be able to override and everyone would head out on spring break.
You're delusional. The economy is in even worst shape thanks to the stimulus, TARP, etc. Not only is the economy in the toilet, but we now have a nice heaping pile of debt.
So McCain would have rolled back time to erase BUSH'S TARP fund?
It sounded like you were pinning TARP on Obama. My apologies if that wasn't your intent. This isn't a party failure -- this has been coming a LONG time and several administrations from both sides of the aisle are responsible.
You're delusional. The economy is in even worst shape thanks to the stimulus, TARP, etc. Not only is the economy in the toilet, but we now have a nice heaping pile of debt.
As for the economy, they would have done the same thing as Bush and Obama, there simply was no choice. People on either side, who have the capacity to be honest with themselves, can admit that.
It sounded like you were pinning TARP on Obama. My apologies if that wasn't your intent. This isn't a party failure -- this has been coming a LONG time and several administrations from both sides of the aisle are responsible.
Bush, Obama...anyone who supported this measure deserves criticism. But I agree, both parties (as well as the American people) did a pretty good job of leading us into economic disaster.
As for the economy, they would have done the same thing as Bush and Obama, there simply was no choice. People on either side, who have the capacity to be honest with themselves, can admit that.
See. This is the problem. People think that only the government can solve our problems. While Washington's intentions may be to help, they always end up causing more problems than solving them.
The Right and Tea Baggers are up in arms. Calling Obama an idiot and a no good liar. Obama is out to turn us into a socialist country! Wants all the Grannies to die by death panel. He has done NOTHING for this country. He wants to give us healthcare because, of course he really means us all harm. Blah, Blah, blah.
What do you think McCain and Palin would've accomplished in office at this point, had they been elected into office? Do you think the economy would be better off? Would they have had health care reform bill ready for vote?
How would we as a country be now had McCain/Palin won?
There would be no healthcare bill to vote on, because healthcare would have remained the same (or gotten worse)
As to "their accomplishments", it would be both of them going to Iraq and Afghanistan endlessly, as well as popping up at military bases all over the country, to continually hammer home a message (that would be dutifully amplified by the media without ever questioning a word of it) of how we are to remain terrified of brown skinned terrorists everywhere, as well as reminding us all how great America is and how we are saving the world from the terrorists.
See. This is the problem. People think that only the government can solve our problems. While Washington's intentions may be to help, they always end up causing more problems than solving them.
So, by that logic, the government can never do anything to help its citizens, and Medicare and Medicaid and Social Security are really not helping anyone and these people would be better off just dying or living on the streets.
Lemme guess: A disciple of Ronnie Reagan?
Thought so.
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