GOP Has Ideas for the Economy; bigger deficits and higher unemployment. (McCain, Obama)
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"...so far, the things that Republicans have said they want to do won't actually boost employment or reduce deficits. In fact, much the opposite. By combing through a variety of studies and projections from nonpartisan economic sources, we here at Gaggle headquarters have found that if Republicans were in charge from January 2009 onward—and if they were now given carte blanche to enact the proposals they want to—the projected 2010–2020 deficits would be larger than they are under Obama, and fewer people would probably be employed."
it's not rocket science. promoting job creation is pretty easy. however, the robots on both sides are to spineless to do anything. that's why things never change.
It so much easier being in opposition. You can oppose anything and don't have to take responsibility for anything.
For what its worth, if McCain had won the election, his economic policy probably would have been very similar to that of Obama. After all, he just followed on from Bush/Paulson.
Right now the country has pretty well spent all the money and has huge debt that is spoent with little results by the present admininistration. Not alot more that can be done except quite spending to not collapse like Greece. Looking at the debt reduction and savings it appears people are digging in for a long slow recovery. The main thing that can be done is to encourage banks to lend and bust confidence in business ; so they will invest in growth. That is what its going to take to lower unemploeymnt. Right now they have no idea what the new polcies will bring in the future but higher taxes and higher labor cost peer employee.There is a lack of confisence by the lack of results people see for all teh spending.
The main thing that can be done is toincourage banks to lend and bust confidence i business ; sothey will invbest in growth. That is what its going to take to lower unemploeymnt. Right now they have no idea what the new polies will bring i teh future but huigher taxes and higher labor cost peer employee.
Texdav,
I understand your typing issue so forgive me if I didn't translate your post correctly... but as I understand your argument it relies on the same supply side nonsense that Republicans seem to be inextricably and inexplicably bond to.
At this point in the crisis, the problem isn't supply, in the literal sense of the word, the problem is demand. You can produce goods and services until the cows come home, but if people are not buying them you will have well stocked shelves and unemployed people just walking by the store.
The initial crisis was based upon the loss of credit markets which suppressed supply, which in turn fueled fueled the initial round of layoffs. But we are in a different phase of the recession/recovery. Demand for new products and services remain depressed. Until demand returns, a recovery will be stifled.
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