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The entire world - not just the USA - has imploded economically.
The fact of the matter is that Obama's policies are correct.
The 1930's recession shows us that investment by the govt is essential in a recession like this.
The private sector won't/can't step in to the breech.
Suggest you familiarise yourself with John Maynard Keynes, David Blanchflower etc
There is no evidence that Obama is correct. For that matter, the fact that the situation has not imporved under his tuteledge would suggest exactly the opposite. The spending and intervention during the depression prolonged the depression. WW2 solved the depression. How many factory jobs has Obama created or "saved"? Maybe he should start WW3; perhaps that is what he is currently working on with his foriegn policy.
Yes, there is. But right-wingers decide that any evidence showing that Obama is correct (like maybe 3.5% growth in GDP) doesn't count as evidence anymore. Sort of like they decide that all the things he has accomplished don't count as accomplishments, meaning that he hasn't really accomplished anything.
Quote:
Originally Posted by hawkeye2009
The spending and intervention during the depression prolonged the depression.
Well, at least that's what revisionist whackos at the Mises Institute seem to think. Anywhere else, Amity Shlaes = laughing stock.
Quote:
Originally Posted by hawkeye2009
WW2 solved the depression.
Ah, so a large government stimulus program did the trick. I see...
Yes, there is. But right-wingers decide that any evidence showing that Obama is correct (like maybe 3.5% growth in GDP) doesn't count as evidence anymore.
You mean that GDP growth which was mostly directly due to the government spending? Since when was massive government spending and manipulating of the markets, such as the stock market, the car sales market, home sales market etc all been a good thing to you? I bet January 20th 09 is the date lying became positive ha?
Quote:
Originally Posted by saganista
Yes, there is. But right-wingers decide that any evidence showing that Obama Sort of like they decide that all the things he has accomplished don't count as accomplishments, meaning that he hasn't really accomplished anything.
Now you got it. Many of us "right wingers" actually want him to stop doing things more harmful than the "helpful" things he is accomplishing. You cant name one single positive thing Obama has done that has not had negative effects elsewhere which were greater than the positive things listed.
That growth in GDP, mostly due to increased cars out the door, completely ignores the fact that car sales dropped like a rock, and taxpayers are picking up that huge tab thereby resulting in less spending in the next quarter for GDP. It created a bubble, just like many said it would, but you guys in Washington all ignored it. You thought that an increase in the GDP would simply cause everythng to believe the economy was better and go out and spend. NEWSFLASH, those without jobs, or knowing indiivduals without jobs, wont be out spending, and that pretty describes many americans. If you have a job, you probably know people who dont, which reminds you daily of the problems we have. No imaginary increase in the GDP will make americans forget reality.
Quote:
Originally Posted by saganista
Ah, so a large government stimulus program did the trick. I see...
Actually it was JOBS that did the trick.. Not pretend ones, but real ones..
You mean that GDP growth which was mostly directly due to the government spending? Since when was massive government spending and manipulating of the markets, such as the stock market, the car sales market, home sales market etc all been a good thing to you? I bet January 20th 09 is the date lying became positive ha?
Do you ever actually look at any of the data from "the USBEA"? Personal Consumption Expenditures UP by 3.4% in the third quarter. Gross Private Domestic Investment UP by 11.5% in the third quarter (first increase in two years). Exports UP by 14.7% in the third quarter. Imports UP by 16.4% in the third quarter. Government Expenditures and Investment UP by 2.3% in the third quarter.
This disconnected rant is just another demonstration of the right-wing's free-floating, hatred-driven irrationality.
Do you ever actually look at any of the data from "the USBEA"? Personal Consumption Expenditures UP by 3.4% in the third quarter. Gross Private Domestic Investment UP by 11.5% in the third quarter (first increase in two years). Exports UP by 14.7% in the third quarter. Imports UP by 16.4% in the third quarter. Government Expenditures and Investment UP by 2.3% in the third quarter.
This disconnected rant is just another demonstration of the right-wing's free-floating, hatred-driven irrationality.
yes, I've seen all of the data, (but do find it interesting that you list government expenditures up as a reply to my argument that government expenditures were up)
yes, I've seen all of the data, (but do find it interesting that you list government expenditures up as a reply to my argument that government expenditures were up)
If THAT was your argument, your choice of words in...
You mean that GDP growth which was mostly directly due to the government spending?
...was really, really, really, really poor. The increase in Government Expenditure and Investment was the SMALLEST of any GDP component.
If THAT was your argument, your choice of words in...
You mean that GDP growth which was mostly directly due to the government spending?
...was really, really, really, really poor. The increase in Government Expenditure and Investment was the SMALLEST of any GDP component.
Do you REALLY want to break down the government money?
When Bush left office,
net government savings was -730.2, now its almost twice as much negative, with the last account at -1319.1,
Social Security funds were -85, now its 4 times this amount at -275.6
Do you really want to break down these line by line? It would be extremely embarrasing to discuss them but if you wish..
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