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Post by The Great Aztec Joe on Aug 6, 2010 9:49:34 GMT -8
Here's REALITY:  |
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Post by The Great Aztec Joe on Aug 6, 2010 9:50:53 GMT -8
If you look, you will see that curve starting to move up aggressively from the bottom of the chart.......................... Obama has worked a miracle.
Praise Obama from whom all Blessing Flow.
Praise Him all creatures here below.
Praise him above you Heavenly Host.
Praise Barak Obama, He's the most!
Amen!
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Post by AztecWilliam on Aug 8, 2010 10:38:28 GMT -8
Joe, where did you get this chart? Please give us a link.
AzWm
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Post by aztecwin on Aug 8, 2010 10:46:11 GMT -8
Joe, where did you get this chart? Please give us a link. AzWm Don't know how Joe finds these neat places. "That red line -- which shows the trajectory of our recovery -- has now clearly taken a sharp line back down, after (for awhile) curving back higher. Ugly." It tells a little different story than what Joe wants us to believe that he believes. |
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Post by AztecWilliam on Aug 8, 2010 11:17:38 GMT -8
I think the real issue is whether the U.S. govt. is capable of boosting the economy. Some say yes, some (see my latest economic thread and one I will be posting later today) say no.
I do think it is pretty clear that the govt. can make things worse. Hoover and the Republicans exacerbated the U.S. (and, ultimately, the world's) economy by enacting the wrong-headed Smoot/Hawley Tariff Act of 1930 and by raising taxes (in, I believe, 1932). FDR may have halted the collapse, but his dithering and "try anything" economic policies confused private business. An air of uncertainty prevailed. Also, FDR made a sport of vilifying private businesses. Is it any wonder that we barely limped through the decade of the 30s?
What should have been a robust recovery by, at the latest, the mid 30s, never happened. What we got was a mild recovery by 1936/37, then another crash in 1938. The unemployment rate in 1940 was still shockingly high, and that was ELEVEN years after the market had crashed!
At the risk of becoming a stuck record (try that figure of speech on a 15 year old! ;D), I will again state that the real problem is the mistaken belief held by lots of PhDs that politicians and bureaucrats can allocate capital better than can private business leaders.
AzWm
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Post by The Great Aztec Joe on Aug 10, 2010 13:20:52 GMT -8
Any money spent in the US economy will stimulate the economy. The question to ask is which spending is the most effective. I favor my play to divert a fifth or so of the Mississippi River flow to the West to bring millions of acres under cultivation on Federal Land. The crops raised will put people to work and will help reduce the Balance of Trade deficit (because the world needs food and fuel and our crops can provide both.)
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