Continuation of thread found here: http://www.politicalforum.com/current-events/218705-obamas-economy-has-last-run-out-excuses.html Why won't our national economy recover? It has been 47 months (four long years!) after the last recession started, and we still have no real recovery. Could it be Obama's economic policies are wrong? Could it be that "increasing government spending, deficits and debt do not promote economic growth and prosperity, as Obama and ineducable Democrats to this day continue to believe?" The following discussions are very good in that they compare this recession to previous recessions and provide some well-needed insight into why this one has lasted so stubbornly long. As an example, "in the second year of the Reagan recovery, real economic growth boomed by 6.8%, the highest in 50 years. In the first two years of that recovery, 7.6 million new jobs were created, on the way to 20 million jobs created during the first 7 years. Presently, we are still 6 million jobs below the peak before the last recession, four years ago."
Obama has put all his faith in Big Government to spend our way out of financial disaster, just like FDR, and like his historical model (FDR) he has failed miserably and compounded and prolonged America's economic misery. I guess the urge to grow Big Centralized Government and gain more control so a socialist agenda can be employed (like FDR's 2nd Bill of Rights) is too great for Obama to pass up. So he doesn't even try to abandon his failed policies. Too bad for America.
FDR failed?? How. Are you another graduate of Glen beck university. FDR spent many times what Obama did. The thing is the main goal of the republican congress is not America, but to make Obama a one term president. Need proof? FDR only failed in the books of rightwing Americans. In the books of everybody else around the world he succeeded. But then again according to republicans GW was a great president, even though every body else in the country and globe laughs at the idiot. Here is Mith Mcconnel saying exactly that. Gotta make you republicans proud that politics trumps helping the nation. http://www.rawstory.com/rs/2011/07/...re-election-still-single-most-important-goal/
No, Obama's policies are NOT wrong. The current economic troubles is a step UP from when Obama took office, and he continues to have to deal with the complete undermining and bankruptcy of the economy under Right Wing rule. And to fix things, all the Right ha to offer is the SAME principles and plans that collapsed our economy in the FIRST place! If tax cuts can "fix the economy", the massive Bush tax cuts should have left us rolling in the dough! Yes, somehow the promise of lowering taxes for the wealthy EVEN LOWER than this near-100-year current low is going to "help"? Hilarious! Or insanity.
This is Obama's economy, the Democrats economy. They own it. You are correct, there are no more excuses. [ame="http://www.youtube.com/watch?v=SmRgaKfWMPA"]Obama said he should serve only one term - YouTube[/ame]
FDR succeeded in the long-run, and only to certain limits. In the short-run, FDR didn't resolve the Great Depression, World War II did this. Most New York liberal Democrats can acknowledge this.
The 1930s depression was caused by and aggravated by acts of government, SAME AS TODAY...and so was the current financial mess that we're in. (SAME AS TODAY)...Do we want to repeat history by listening to those who created the calamity? That's like calling on an arsonist to help put out a fire.
No, government needs a unique approach to resolving our current economic crisis. This recession has defied economic norms in regards to the business cycle. I don't think moving in the direction of FDR is necessary, but niethe is moving in the direction of Herbert Hoover.
What has been right about them? And don't even try to spout the jobs created or saved myth. Stimulus Jobs Count: CBO Admits It Ignored the Economys Actual Performance In a recent speech to the National Association of Business Economics, CBO Director Doug Elmendorf confirmed this by stating: [W]e don't think one can learn much from watching the evolution of particular components of GDP [gross domestic product] over the last few quarters about the effects of the stimulus so we fall back on repeating the sort of analysis we did before. And we tried to be very explicit about it that it is essentially repeating the same exercise we did rather than an independent check on it.[1] When asked if this means that any actual underperformance of the stimulus would fail to show up in the CBO's stimulus jobs count, Elmendorf replied "That's right." This means the 1.5 million jobs saved estimate was pre-determined..... The "Begging the Question" Fallacy The CBO's conclusion that the stimulus created jobs is based on an economic model that began with the premise that all stimulus bills create jobs. In other words, the conclusion is already assumed as a premise. Logicians call this the fallacy of begging the question. Mathematicians call it assuming what you are trying to prove. http://www.heritage.org/Research/Re...ts-It-Ignored-the-Economys-Actual-Performance And "In the second paragraph of yesterday's report, the CBO agrees with me on the second count. Recipients report that about 640,000 jobs were created or retained with ARRA funding through September 2009. Such reports, however, do not provide a comprehensive estimate of the laws impact on employment in the United States. That impact may be higher or lower than the reported number for several reasons (in addition to any issues about the quality of the data in the reports). First, it is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package." http://spectator.org/blog/2009/12/01/on-jobs-created-or-saved-and-t You seem to forget he was a part of the Democrat Congressional Majority two years before he went to the White House and unemployment was under 8%. Which specific plans collapsed our economy? They did, three years of declining deficits down to $161 billion, then the Democrats took over in 2008. What happened to them then? They resulted in a 44% increase in revenues with the wealthiest paying not only record amounts in actual revenues but also a higher share of taxes while millions at the bottom were taken off the tax rolls completely. To what do you object? If that is insanity, versus more of Obama's failed policies let's all get straight jackets.
