Red,The economy was in a steep downward trend when Obama took
office. Now it is in an upward trend by virtually any measure.The
economy is improving. Does that mean that nothing can be done to improve it
more? Of course not.It is never about 100%. Your statement that
"either you are 100% wrong, or Obama and Ben Bernanke are"is
ludicrous. The economy is improving from where it was 4 years ago.
That is what I said.In my mind, that is a good thing. I find
that some people, typically all partisan, find it hard to admit that, tho it is
clearly staring them in the face. You perhaps?
To "pragmatistferlife" and "JoeBlow" if the economy is on track
why did Ben Bernanke and the U.S. Federal Reserve have to initiate Quantitative
Easing #3 in an effort to stimulate the economy? You say the economy is going,
but the President and the Federal Reserve say otherwise. So, either you are
100% wrong, or Obama and Ben Bernanke are. Tell us, who is wrong about the
economy stagnating, I agree with Obama that the economy isn't going
anywhere. I only disagree with how to get it going.To
"JoeBlow" conservatives have not said that Obama is the second coming of
Hitler, he just has Hitler's methods for gaining power, and is a Socialist
like Hitler.To "pragmatistferlife" you realize that even
with the tax breaks for small businesses, his other mandates destroy any gains
that could have been realized. Things such as the requirements in the ACA.
As an exercise in conservative conventional wisdom, this exercise has its value.
As an exercise in economic analysis, it's all just nonsense.
Conservative logic (if we can call it that) is a fascinating study. For example:
"Expiration of the Bush tax policies, five new tax hikes for Obamacare, and
more. It all adds up to nearly $500 billion siphoned from the private sector in
just the next 12 months."Taxes in Republican-speak represent
money "siphoned" (read "stolen") from the private sector. In
reality, taxes are the contribution from the private sector to help create a
workable society. You know, roads, bridges, police and military, care for the
elderly, etc. Our problem is that we want all the things government provides,
but we don't want to pay for them. Right now we have meager economic
growth. But that growth is fully funded by debt. How so? Well, take away the
debt, and what do we have? Instant recession. If we want to change
this, we need to start paying for government with revenue rather than borrowing.
It will be painful, but we can do it. And no, we can't balance the budget
just with spending cuts. If we could, the Republicans would have offered some
specifics by now. But they can't. They're all about empty talking
Has Obama got the the economy back on track? Well, when he took
office we were losing 750,000 + jobs per month. We have been gaining jobs for a
while now. Has Obama cut spending? No, And he needs to.
But, did Bush cut spending? Did Reagan?Has Obama done anything to
help Businesses? Depends on how you measure it. One way is by stock
price. The Dow has more then doubled since he took office. That tells me
LOTSRight now the GOP would jump at the chance to have Clinton
spending rates and tax rates. Oh really? Try getting ANY tax hike
thru the house.You and your ilk will continue to blame Bush, while
ignoring the fact that Obama is just Bush on steroids.And your ILK,
screams as if Obama is the second coming of Hitler. How about this. When Obama
took office, the economy and jobs were in freefall. That is a fact. Things
have improved.Notice I never mentioned Bush once?
Red Shirt..has Obama got the economy back on track..absolutely yes..once again
absolutely yes. Why are we worried about a new recession..because Obama got us
out of the last one. Historicaly financial recessions take 6 years to even come
close to restoring growth to it's previous level. Obama did it in 4. Is
all well..no is the economy on the right track..absolutely yes. Has
Obama cut spending. yes..yes..yes. Bush's '09 budget was 1.4
trillion, Obamas 2010 budget was 1.3 trillio...2013 budget probably under a
trillion..what direction is that?Has Obama done anything to help
businesses..yes..try 18 seperate tax cuts for small businesses. Who
of our ilk..is blaming Bush? Where is that?
To "JoeBlow" and what has Obama done to change things? Has
Obama got the the economy back on track? No.Has Obama cut spending?
No, he has increased it.Has Obama done anything to help Businesses?
No, he is seen by many business leaders as anti-business.Right now
the GOP would jump at the chance to have Clinton spending rates and tax rates.
We should also have the Clinton era regulations.You and your ilk
will continue to blame Bush, while ignoring the fact that Obama is just Bush on
What you are saying is basically we should have elected Romney. We didn.t so we
will have to suck it up for the next four years.
Cutting taxes is easy. And Popular.Cutting the associated spending
is the hard part. It is the unpopular part.When the Bush tax cuts
went into affect, spending was not cut. Then we got into two wars.Taxes
were not raised.THAT is irresponsible.History has shown
that higher rates (Clinton era) are not economy and job killers.Would the GOP accept Clinton spending rates and Clinton tax rates? We all
know the answer.