The Government Prevented us From Going in to a Depression - With Facts!!

Alright, let's get back to some logic. What is a recession?

Alright, so a recession is determined by GDP... what is GDP?

Notice how Government outlays are included in GDP. This is Government Spending - Taxes.... aka deficit spending.


What is a Depression?

So let's look at the facts.

Real GDP
2008 - $13.161 trillion
2009 - $12.703 trillion
2010 - $13.088 trillion

Deficit Spending
2009 - $1.41 trillion
2010 - $1.29 trillion

If the Government did not run a $1.41 trillion deficit in 2009 our GDP would have been...
$11.3 trillion

That is a 17% drop in GDP from 2008 to 2009. We would have been in a deep depression right now, if it were not for the Government. Please send letters to George Bush and Barack Obama thanking them for preventing a Depression!

Bare in mind, this does not take in to account the velocity of money in the $1.41 trillion of deficit spending contributed to. We could very well be looking at a much lower GDP, if it were not for this spending.

 

The government has just delayed the inevitable, the market will correct itself.
The US is in a depression, not a recession, and the cause is government.

 

So you want a depression is what you are saying? And no, we are not in a depression. Only in your subjective view backed by zero facts.

 

How do you define depression and upon what criteria do you assert we are in a depression?

 

It's terminally addled to think that Government printing money - and then spending it - is the key to a healthy economy. That is utterly illogical and fake. All Government has done is take human resources from the private sector to populate its offices, and then take assets from the private sector in order to pay them.

And then...it's taken the wealth of our children and spent it.

This is bullsh!t, and anyone who supports it is not a friend of this country, or even has the first clue what made this country great.

 

The key to economic health is human beings transacting. That's all there is too it. Money is just the fuel for the economy. And the Government is not taking wealth from your children. That is absurd and absolutely backed by zero facts.

I showed you legitimate facts about our countries growth and you continue to drill in to this case that the Government does not help out anything. So what you are saying is you rather be in a depression right now?

 

The Govt doesn't print money, the Fed does. But when you have a major decline of lending which causes a significant contraction of the effective money supply, you either expand the money support to counter it, or you get big time deflation.

Tax cuts and fighting unnecessary wars and buildups will do that.

Says the folks who are doing their (*)(*)(*)(*)edest to wreck the economy for political gain.

 

Yes ... Thankyou government for deficit spending our future away to save us the very worst short term effects of the swindling you sanctioned.





Stockholm syndrome.. it aint pretty

 

The center-lefties over at The New Republic seem to Disagree with you Akman.

 

The unemployment rate is between 16 and 20%, using the same criteria as used to measure unemployment during Great Depression I.
Housing prices dropped 15% during the first Great Depression and currently housing has dropped between 30 and 50%, depending on the market.
During GD I the price of goods became cheaper, but then they were on the gold standard at the time, and currently price inflation has begun, thanks to QE. But since the US dollar is the world's reserve currency the US is able to push it's problems overseas, for now.
Due to the administration's and Fed's policies, the current depression may be much worse than the first.

 

There's subjective opinions and there is facts. You are purely driven by "belief" and opinions and Govt hatred. Yet you have no facts what so ever to back up your claims.

There is nothing in this economy right now that shows signs of a depression. Now if the Government didn't help out, then we would definitely be showing major signs of a depression.

It's sad that you guys want higher unemployment, poorer people, and a worse economy. Is it really worth it just to protect your party?

 

Lol... what??

You can't just make up your own unemployment rate. The unemployment rate is 9.2%. The Great Depression wasn't caused by a housing bubble, it was caused by a stock market bubble.

So no, we are not in a depression right now by any means. Well maybe you are depressed, but the country is no where close to a depression. You guys are legitimately crazy!

Your hatred for the Government and the country is astounding!!

 

GDP - composition by sector: agriculture: 1.2%
industry: 22.2%
services: 76.7% (2010 est.)



Because the greatest majority of our GDP growth is provided by the finacial sector.. who makes nothing but computerized exponents of imaginary wealth. Eliminate the revenues banks made from investing ultralow government loans and you eliminate any growth in GDP

 

GDP isn't imaginary wealth.

 

So you consider increases in the fiat money supply through government hand outs to investment banks who turn millions into billions artificially balooning the gdp growth.. I guess thats where our realities split.

 

The real unemployment rate? 16.6%

http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx

Real Unemployment Rises to 16.2% in June -- 25.3 Million People

http://www.cnsnews.com/news/article/real-unemployment-rises-162-june-253-mil

The REAL Unemployment Rate Is 22%

http://www.infowars.com/the-real-unemployment-rate-is-22-2/

The Real Unemployment Rate: 21.5%

http://www.shtfplan.com/headline-news/the-real-unemployment-rate-215_07022010

That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department's jobless numbers.

http://www.dailyfinance.com/2010/07/16/what-is-the-real-unemployment-rate/

I know what caused the Great Depression, housing, price of consumer goods and unemployment are the key indicators that determine the health of the economy.

 

Whatever the bent of TNR, Posner is a judge known for conservative leanings.

 

Thank you Obama!!

 

Enjoying your Kool Aid? Why don't you read up about real unemployment, which is the same metrics they used during the Great Depression.

Moving the goalposts doesn't mean we have a lower unemployment rate than we really do.

Printing money and spending it is not a healthy sign of a "growing" economy. Take Government deficit spending out of the picture (spending money we don't have), and we would officially be in a depression.

Your hatred of common sense and lapdog loyalty to Obama is astounding!!

 

You are very correct, Brewskier.

Especially when you say, "Akphidelt, your hatred of common sense and lapdog loyalty to Obama is astounding!"

I would say Obama's most significant shortcoming is that he knows absolutely nothing about economics and he has no idea how to successfully grow the national economy.

He has tried several stimulus packages, targeted tax reductions, and two quantitative easings and none of these attempts to get the economy moving forward again has worked.

The economic advisors he brought with him to the White House 32 months ago have all departed and now he is like a captain without a crew or a rudder in the water with which to steep his ship of state.

"There is a distinctly Titanic-like feel to the Obama presidency and it’s not hard to see why. The most left-wing president in modern American history has tried to force a highly interventionist, government-driven agenda that runs counter to the principles of free enterprise, individual freedom, and limited government that have made the United States the greatest power in the world, and the freest nation on earth."

"Now even liberals are trying to put their finger on what is wrong with President Barack Obama. Does he lack leadership abilities or competence? Is he arrogant and out of touch with America? Is he a pleaser first and foremost, rather than someone who cares about getting the job done? Does he not understand how the economy works? “‘Yes, we can!’ has devolved into ‘Hey, we might,’” Maureen Dowd wrote in The New York Times."

Most of us just wish he would stay at his work station long enough to come up with a credible and workable plan to solve our lingering economic problems.



Mr. President, 408,000 more Americas are out of work this week than last week and our core inflation rate has unexpectedly risen to 2.0%. Why are you going on vacation? Please, please stay in Washington and work on our economy!

 

You are very correct, Brewskier

Especially when you sday, "Akphidelt, your hatred of common sense and lapdog loyalty to Obama is astounding!"

I would say Obama's most significant shortcoming is that he knows absolutely nothing about economics and he has no idea how to successfully grow the national economy.

He has tried several stimulus packages, targeted tax reductions, and two quantitative easings and none of these attempts to get the economy moving forward again has worked.

The economic advisors he brought with him to the White House 32 months ago have all departed and now he is like a captain without a crew or a rudder in the water with which to steep his ship of state.

"There is a distinctly Titanic-like feel to the Obama presidency and it’s not hard to see why. The most left-wing president in modern American history has tried to force a highly interventionist, government-driven agenda that runs counter to the principles of free enterprise, individual freedom, and limited government that have made the United States the greatest power in the world, and the freest nation on earth."

"Now even liberals are trying to put their finger on what is wrong with President Barack Obama. Does he lack leadership abilities or competence? Is he arrogant and out of touch with America? Is he a pleaser first and foremost, rather than someone who cares about getting the job done? Does he not understand how the economy works? “‘Yes, we can!’ has devolved into ‘Hey, we might,’” Maureen Dowd wrote in The New York Times."

Most of us just wish he would stay at his work station long enough to come up with a credible and workable plan to solve our lingering economic problems.



Mr. President, 408,000 more Americas are out of work this week than last week and our core inflation rate has unexpectedly risen to 2.0%. Why are you going on vacation? Please, please stay in Washington and work on our economy!

 

exactly....not to mention all this new debt guarantees an even bigger collapse!

 

who cares how you define it.
Whatever we are in sucks, and is getting worse.

Call it depression or not, it is still misery for a whole lot of folks.

 

Very subjective, nice to see opinions with out facts though. Must be an easy life!

 

^^^^ but its great for us gold bugs