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Post by AztecWilliam on Jun 10, 2013 14:23:43 GMT -8
Not very strong, actually. And this is another case in which the facts really cannot be ignored if one is to be honest and objective. "For a definitive analysis of Obama’s economic failure, Peter Ferrara, the director of entitlement and budget policy for the Heartland Institute, writes in Forbes magazine this month that by all rights, Obama should be presiding over a robust recovery.
Because, historically speaking, the worse the recession, the stronger the recovery, “Obama should have had an easy time producing a booming recovery by now,” says Ferrara."The facts, of course, as the author of the piece to which I make reference points out, indicate something quite different. Any way you slice it, this recovery is very, very weak. Obama's fault? Well, yes, in part it is. One must conclude that Obama, who apparently majored in smoking controlled substances during much his school years, is way,way out of his depth in the area of economics. He no doubt thought that boosting the economy would be a snap. In any case, as with foreign policy, the economy just got in the way of the President's real desires. Those are, (A) being a celebrity, (B) shooting hoops, and (C) putting into place his sophomoric ideas about how to remark America. www.reviewjournal.com/columns-blogs/sherman-frederick/obama-falls-flat-economyAzWm
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Post by azteccc on Jun 10, 2013 15:01:21 GMT -8
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Post by AztecWilliam on Jun 10, 2013 20:27:05 GMT -8
The Heartland Institute is conservative and libertarian. Ferrara is libertarian. Sounds like really solid qualifications to me. You have a problem with that? The Obama "recovery" remains the weakest since the 30s. Perhaps even weaker, since the growth in the U.S. economy in '34 to '37 was, if memory serves me correctly, much better than that of the past 4.5 years. (Of course, the U.S. economy tanked again in late '37 and all of '38, leading the FDR administration to conclude that they really did not have a clue, after all. Just read The Forgotten Man if you doubt that.) AzWm
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Post by AlwaysAnAztec on Jun 11, 2013 8:03:26 GMT -8
William. Whether you like it or not, there is a recovery going on here. All you have to do is look outside. Commercial construction is back. Home construction is back. IPO's are back. Could it be even more robust, sure. There was an article in the anti-union tribune which pointed out that many offshored jobs are coming back. I have friends who are actually building a new foundry here.
p.s. Spellchecker?
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Post by azson on Jun 11, 2013 12:46:49 GMT -8
The Heartland Institute is conservative and libertarian. Ferrara is libertarian. Sounds like really solid qualifications to me. You have a problem with that? The Obama "recovery" remains the weakest since the 30s. Perhaps even weaker, since the growth in the U.S. economy in '34 to '37 was, if memory serves me correctly, much better than that of the past 4.5 years. (Of course, the U.S. economy tanked again in late '37 and all of '38, leading the FDR administration to conclude that they really did not have a clue, after all. Just read The Forgotten Man if you doubt that.) AzWm You conveniently omitted shill for Jack Abramoff. And yes, everyone *should* have a problem with that. Explain to me why I should read this tripe?
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Post by aztecwin on Jun 11, 2013 15:48:35 GMT -8
We would have an even dimmer picture of this recovery if participation rate was figured into the employment or unemployment figures. The economy seems to be getting better at a snails pace, but I have to admit it is going in the right direction. San Diego is doing much better than one would think.
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Post by tuff on Jul 18, 2013 14:37:48 GMT -8
It's doing so great, Detroit just declared bankruptcy. More to follow I'm sure.
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Post by aztecmusician on Jul 18, 2013 16:43:16 GMT -8
This so-called recovery is a bunch of smoke and mirrors. 40% of all government expenditures is from borrowed money. We are looking at huge inflation in a matter of months, you can't print your way out of an economic downturn.
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Post by aztec70 on Jul 18, 2013 20:20:18 GMT -8
This so-called recovery is a bunch of smoke and mirrors. 40% of all government expenditures is from borrowed money. We are looking at huge inflation in a matter of months, you can't print your way out of an economic downturn. Huge inflation in a couple of months? By the end of the year, then?
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