GOP candidates: Fix US economy or fail like Europe

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  • Hemlock Salt Lake City, UT
    Nov. 11, 2011 2:38 p.m.

    We ridicule the EU as it careens toward high debt financial ruin and crushing, unsustainable social policies. Then we craft our own country's laws in the same direction. Instead of career legislators we need some historians in congress.

  • one vote Salt Lake City, UT
    Nov. 11, 2011 9:45 a.m.

    European bankers bought into the Wall street Hedge fund blue sky assets gambling with depositors money. The "fail" occurred in the international private finance sector that exists. The European failure is caused by trying to replicate wall street internationally.

  • JoeBlow Miami Area, Fl
    Nov. 11, 2011 5:49 a.m.

    well Bandersen,

    Per your definition, I have not seen "Liberty" in my lifetime.

    And per your definition, Reagan took away much more "liberty" than Obama has.
    As did Bush 1 and Clinton, and JFK, etc etc etc.

    As for "absolute elimination of Spending and returning Govt to the God ordained purposes"

    I for one feel safer eating food and taking medicines because of the FDA.
    I have seen too many times when corps put profits over ethics to the detriment of the people.

    And I believe that God just let the founders write the constitution. But, we are free to disagree there.

  • bandersen Saint George, UT
    Nov. 10, 2011 11:02 a.m.

    JoeBlow: I will be happy to do so, since very few understand what liberty means. Many in our culture have come to believe, whether Democrat or Republican, that Government is responsible for taking care of my needs; thus they have chosen to give to Government something that Government has no right to take from me in the first place. Governments were instituted for one purpose, to protect my unalienable rights. Anything less is tyranny and takes away from me my liberty to choose. For example, 'cutting spending' and 'taxes' is the mantra of those who haven't even considered the purpose of Government! So, the partisan bickering that people complain about has nothing to do with the reality of what government was intended to do for citizens in the first place. No, Liberty is not passing debt on to future generations! The answer is not taxing more and it is absolute elimination of spending and returning government to the God ordained purposes. If a nation has drifted so far from the truth, then enlightening them would include helping them understand the proper role of government. Anything less is more tyranny and less liberty.

  • JoeBlow Miami Area, Fl
    Nov. 10, 2011 10:15 a.m.

    "I love liberty and freedom. Your question shows your disdain for liberty and the desire to give to government something that government will gladly take, your freedom and liberty"

    So, in particular, what SPECIFICALLY did I write that shows my "disdain for liberty"?

    Can you be more specific?

    Is it my concept of cutting spending and increase taxes to cover the spending?

    Are you advocating that Liberty means passing debt on to future generations?

    Please help me to understand what Liberty means.

  • J-TX Allen, TX
    Nov. 10, 2011 9:09 a.m.


    You seriously believe the US caused the European financial meltdown?

    What really happened was, they have a governing body to cooperate on trade, and a unified currency, without instituting a governing body for monetary policy, or one to regulate trade inequities.

    The next problem is vastly divergent work and saving ethics within the EuroUnion.

    In the absolute absence of the existence of the USA, Europe would be in the same fix as they are in now.

  • Keith43 Springville, UT
    Nov. 10, 2011 8:25 a.m.

    In the article, one of the moderators asked if the President should fire Cain as CEO of his company. Since when is it the President's constitutional right to fire anyone in private enterprice. It was unconstitutional with the Auto makers, and it's unconstitutional now. I was frankly surprised that Romney's response, didn't include that statement. There are so many constitutional violations that Obama committed, they cannot be numbered. And what have our politicians done about it? Absolutely nothing. Though it has been the foundation of this once great nation; unfortunatley, it appears the U.S. Constitution matters very little anymore.

  • Jonathan Eddy Payson, UT
    Nov. 10, 2011 8:02 a.m.

    What caused the collapse of our economy? One word. FRAUD!

    There is enough blatant evidence to suggest that Fannie, Freddie, and Wall Street investment banks were in collusion in the creation of illegal mortgage backed securities that directly resulted in:

    property values nose diving, 401K's tanking, the death of the dollar, foreclosures and homelessness galore, pre 1929 like unemployment and underemployment, robo-signing fraudulent activities to hide Fannie, Freddie, and Wall Street investment bank wrong doing.

    Regarding the foreclosure crisis, Mr. Romney said he wants the market to correct itself. Really? He made no mention about criminals that may have ruined the market?

    A strong leader would have said that indictments were in order and the guilty would pay restitution to the millions of victims of this horrendous crime.

    I worry about Mr. Romney. Is he a Wall Street apologist in sheep clothing?

  • bandersen Saint George, UT
    Nov. 10, 2011 8:00 a.m.

    Joe Blow: I love liberty and freedom. Your question shows your disdain for liberty and the desire to give to government something that government will gladly take, your freedom and liberty.

  • Fred44 Salt Lake City, Utah
    Nov. 10, 2011 7:45 a.m.


    No but it was the bankers who made millions of dollars in loans that they knew would never be paid back. Why did they do it? Because it meant a big bonus for them. There is plenty of blame for this mess, and bankers along with the federal government for lack of regulation on banks would be at the top of the list for blame.

  • Mountanman Hayden, ID
    Nov. 10, 2011 7:23 a.m.

    Some of you think denial is a river in Eygpt! Its was not banks who spent our country to the edge of economical default, it was our federal government! It wasn't banks who amassed mountains of debt in Europe or in America, it was respective out of control spending by GOVERNMENTS that did that!

  • Keith43 Springville, UT
    Nov. 10, 2011 7:02 a.m.

    Other than Ron Paul, who is the only candidate who has taken the issue seriously and who knows more about economics than the combined knowledge of the rest, the politicians are simply that - politions! They couldn't care less about you or I, or the economy. And that's because the likes of them (both parties) have willfully taken us down this failed path.

    The power and control the politicians and mainstream media have, is their single driving force. And until they have it "all", nothing will stop them.

    A serious and committed approach before any consideration for new or increased taxes, would be the elimination of the "unconstitutional" Federal Reserve and passage of a Balanced Budget Amendment; inclusive of a manditory deficit reduction plan. For starters, I'd turn off Obama's printing presses and I'd send Bernanke to the unemployment line - no more bailouts funded by "fiat" money. The U.S. dollar is on the brink of collapse. I fear that we've dug ourselves into a hole, that under our present conditions, we cannot climb out of. And I don't trust that "anyone" in Washington or any of the hopefulls will do anything meaningfull.

    I fear it's too late

  • Baron Scarpia Logan, UT
    Nov. 10, 2011 6:52 a.m.

    "There was only scant mention of the Michigan auto industry, which benefited in 2008 and 2009 from a federal bailout that both President George W. Bush and Obama backed. All eight Republicans on the debate stage say they wouldn't have offered government assistance."

    No question that the auto industry made its own nest -- resisting any EPA-styled fuel efficiency standards, pushing SUVs even in the face of escalating gas prices, etc.

    And yet, it wasn't the fault of those middle-class auto workers that their bosses and CEOs made stupid decisions to make cars no one wanted. American workers have been paying for the sins of their rich bosses who got "golden parachutes" upon being asked to step down; middle-class auto workers didn't get such perks -- no wonder the 99 percent are protesting Wall Street!

    These GOP candidates have so little understanding of how business drives prosperity. They're saying that they'd risk millions of American jobs and the loss of a major global industry because of their simpleton philosophical "belief" that government shouldn't pick winners and losers.

    At least Bush and Obama picked the American worker when they chose to invest in and save America's auto industry.

  • JoeBlow Miami Area, Fl
    Nov. 10, 2011 6:29 a.m.

    OK Conservatives.

    We have seen the GOP candidates say they would reject a 10 to 1 (spending cuts to tax increases) deficit reduction plan.

    Recommend this post if you agree with them, and then defend your position.

    Tell us how that position is good for our country.

  • JoeBlow Miami Area, Fl
    Nov. 10, 2011 6:26 a.m.

    "unless federal deficits are drastically cut and the economy somehow revived."

    The GOP admits that we mush DRASTICALLY CUT THE DEFICITS, but will opt for mild cuts in order to keep from raising taxes.

    How sad for our country.

    Can you imagine how positive it would be if we could reduce our deficit by $4 TRILLION?

    $3 Billion by spending cuts in combination with $1 Billion in increased taxes?

    That would be serious. And the world and markets would respond VERY positively.

    But alas, the GOP would rather hold to rigid principle than do what is right for our country.

  • Northern Logan, UT
    Nov. 10, 2011 1:21 a.m.

    Donating to the IMF is the second to last thing we should ever do. And Powder 8.

    It is not the US, it is the central banks at the root of this problem. Read your history, and read what Ben Franklin said to europe when they asked him why the colony's were so prosporus, and then what Briton did about it.

  • Hutterite American Fork, UT
    Nov. 9, 2011 11:55 p.m.

    Fearmongering hoobs, the lot of 'em. You can have a single payer health system work and not 'fail' like europe for example. You can make bankers responsible and still have them and the nation succeed. Just because some european nations are failing based on an economic policy of extreme stupid doesn't mean we will succeed by turning it around 180 degrees. Extreme stupid in either direction is still stupid. Extreme. We've got a way to go but eventually we need to come to one conclusion. Someday we can be Canadians.

  • Doug10 Roosevelt, UT
    Nov. 9, 2011 11:25 p.m.

    All eight candidates said they wouldn't back the bailout to the auto industry, George Bush backed it 100%, and he was on the front lines. These 8 candidates are in a popularity contest.

    This article smacks of Mitt yet he according to CNN, MSN, LA Times did not come in as winner but a distant third.

    Ron Paul kicked butt. The debate was on the economy so Mitt was at a disadvantage as were the others who don't want to really ruffle too many Washington feathers.

    Paul although distasteful is the only original thinker with Newt seeming to gain momentum as of late as well. This country might have to elect the worker bee rather than the queen bee this time around if change is what we want.

  • There You Go Again Saint George, UT
    Nov. 9, 2011 10:52 p.m.

    "...Ops...', he said...".

    RIP Rick.

  • powder8 SALT LAKE CITY, UT
    Nov. 9, 2011 10:30 p.m.

    This title of the article makes me upset. U.S is the reason why economy all over the world is failing. Don't look down on Europe when you are the one messed them up.