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like groundhog day every time I see this headline


Azazello1313
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Wait, I thought the conservative wisdom was that government jobs were artificially keeping unemployment numbers lower than they should be.

 

 

they were. the days of handouts is over. look at the last jobs number, all census workers. the piggy bank is empty. no more free rides.

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  • 2 weeks later...

The heck of it is, obamessiah's policies are the job market's very enemies. With all the uncertainty he's creating over what taxes and regulations businesses might be saddled with in the next couple years everyone is hoarding cash and refusing to expand.

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The heck of it is, obamessiah's policies are the job market's very enemies. With all the uncertainty he's creating over what taxes and regulations businesses might be saddled with in the next couple years everyone is hoarding cash and refusing to expand.

 

+1,000,000,000 and then some. I believe someone predicted this would happen.

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And just to support my premise...

 

The administration's stimulus program has failed. Growth is slow and unemployment remains high. The president, his friends and advisers talk endlessly about the circumstances they inherited as a way of avoiding responsibility for the 18 months for which they are responsible.

 

But they want new stimulus measures—which is convincing evidence that they too recognize that the earlier measures failed. And so the U.S. was odd-man out at the G-20 meeting over the weekend, continuing to call for more government spending in the face of European resistance.

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it's like groundhog day every time Presidency changes parties and the other party points out all the flaws of the President.....

 

the fact is that Obama sucks and I have no faith in his long term plan....but Bush sucked too...

 

the people liked Clinton, but he had problems as well....he was just good at hiding them and the economy was booming during his run....

 

the last good president was Kennedy....period, but he was shot for speaking his mind on the truth...

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  • 1 month later...

 

While casting a positive glow that may be somewhat optomisitic, that Op-Ed pretty much was dead accurate on a number of items :wacko:

 

Or did you expect the economy to skyrocket north as quickly as it fell? I don't think anyone ever thought that there wouldn't be bumps in the road.

 

From the start, President Obama made clear that recovery from a crisis of this magnitude would not come quickly and that the recovery would not follow a straight line. We saw that this past spring, when the European fiscal crisis posed a serious challenge to the markets and to business confidence, dampening investment and the rate of growth here.
As the economists Ken Rogoff and Carmen Reinhart have written, recoveries that follow financial crises are typically a hard climb. That is reality.

 

The government’s investment in banks has already earned more than $20 billion in profits for taxpayers, and the TARP program will be out of business earlier than expected — and costing nearly a quarter of a trillion dollars less than projected last year.
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While casting a positive glow that may be somewhat optomisitic, that Op-Ed pretty much was dead accurate on a number of items :wacko:

 

Or did you expect the economy to skyrocket north as quickly as it fell? I don't think anyone ever thought that there wouldn't be bumps in the road.

 

the original blue lines here are what the administration said would happen with and without their stimulus bill. red dots are actual data, and the aqua line are the administration's "new projection" a year and a half after their "stimulus" was in place. so their protestations that this was all somehow inevitable and they saw it coming all along are, to put it bluntly, complete bullchit.

 

second, the current recovery, if you can rightly even call it that, is far less robust than past recoveries. you can try and nitpick all day and say well this recession wasn't as steep as our current one, or that one wasn't because of a financial crisis, or the other one didn't find the central bank in a liquidity trap...but the bottom line is that there have been a whole lot of recessions in the world in the past, each one with it's unique characteristics and "unprecedented" challenges, and the "recovery" out of this one is much more tepid than usual.

Edited by Azazello1313
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the original blue lines here are what the administration said would happen with and without their stimulus bill.

 

Az is a right wing talking point repeater.

 

 

What we saw from the administration in January was a projection, not a promise. And it was a projection that came with heavy disclaimers.

 

There's also a footnote that goes along with the chart that states: "Forecasts of the unemployment rate without the recovery plan vary substantially. Some private forecasters anticipate unemployment rates as high as 11% in the absence of action."

Edited by bushwacked
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There's also a footnote that goes along with the chart that states: "Forecasts of the unemployment rate without the recovery plan vary substantially. Some private forecasters anticipate unemployment rates as high as 11% in the absence of action."

 

That sure doesn't sound like a full-fledged promise to us.

 

We think it's a big stretch to call an economic projection a "promise." The administration never characterized it that way and included plenty of disclaimers saying the predictions had "significant margins of error" and a higher degree of uncertainty due to a recession that is "unusual both in its fundamental causes and its severity." And so we rule the statement by Cantor — and other Republicans who have said the same thing — Barely True.

 

But he promised!

 

Or did you expect the economy to skyrocket north as quickly as it fell? I don't think anyone ever thought that there wouldn't be bumps in the road.

 

Corruption and greed of businesses artificially inflated our enconomy the past 10 years. It's hard to artificially inflate recovery.

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But he promised!

 

 

 

Corruption and greed of businesses artificially inflated our enconomy the past 10 years. It's hard to artificially inflate recovery.

 

 

corruption and greed from everyone screwed this economy

Edited by dmarc117
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second, the current recovery, if you can rightly even call it that, is far less robust than past recoveries. you can try and nitpick all day and say well this recession wasn't as steep as our current one, or that one wasn't because of a financial crisis, or the other one didn't find the central bank in a liquidity trap...but the bottom line is that there have been a whole lot of recessions in the world in the past, each one with it's unique characteristics and "unprecedented" challenges, and the "recovery" out of this one is much more tepid than usual.

 

Comparing it to ALL past recoveries is moot, since the length of the recession, and the damage it caused, are varying factors.

 

Did you know that the Dec 2007-July 2009 recession ranks as one of the worst in our countries history in terms of length? Only the recessions of 1929, 1913 and 1910 were longer. Perhaps it is those that you should compare our current recovery?

 

Chart from last April....recession is generally believed to have ended in July 2009.

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no one, no matter how powerful, can "promise" that the economy will behave in a certain way.

 

however, an administration that asks for a trillion dollars in taxpayer money to create jobs and stimulate the economy can and should demonstrate the wisdom and necessity of that request by projecting what will happen with, and without their proposal. and it is appropriate that their policy, if implemented, should be judged based on how those predictions correspond to reality. take out the semantics over the word "promise" and cantor's claim is completely true.

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take out the semantics over the word "promise" and cantor's claim is completely true.

 

 

Meh. The fact of the matter is the economy was in worse shape than almost everyone thought and the stimulus may very well have been key in avoiding another Great Depression. The primary key of the legislation was to stop the boulder from rolling down hill and avert a disaster.

 

You are going to avoid discussing the crux of the matter, post charts/blogs, and repeat talking points, because that better supports your position.

Edited by bushwacked
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Comparing it to ALL past recoveries is moot, since the length of the recession, and the damage it caused, are varying factors.

 

Did you know that the Dec 2007-July 2009 recession ranks as one of the worst in our countries history in terms of length? Only the recessions of 1929, 1913 and 1910 were longer. Perhaps it is those that you should compare our current recovery?

 

Chart from last April....recession is generally believed to have ended in July 2009.

 

I would think severity is more meaningful than length. the 1981-82 recession was as severe and about as long. the recovery afterward was much more robust. anyway, like I said, every recession is unique and unprecedented in some way. but there is no way around the fact that our rebound out of this one is weaker than history would have suggested. maybe that is true in some measure because of our current fiscal policy, or in spite of our current fiscal policy. or maybe it's completely unrelated. but to whatever extent government's fingerprints are on this "recovery", the bulk of the evidence simply isn't favorable.

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Meh. The fact of the matter is the economy was in worse shape than almost everyone thought and the stimulus may very well have been key in avoiding another Great Depression. The primary key of the legislation was to stop the boulder from rolling down hill and avert a disaster.

 

You are going to avoid discussing the crux of the matter, post charts/blogs, and repeat talking points, because that better supports your position.

So you would rather discuss a position that can never be proved or disproved and offer no support to this position because there is none on either side - well done well done.

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