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Old 06-12-2012, 08:37 PM   #241
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Re: The Reagan Recovery vs The Obama Recovery

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Originally Posted by neg3sd View Post
http://www.economicpolicyjournal.com...7-2010-on.html



Obviously this isn't entirely Obama's fault. He must bare a large part of the responsibility.
lol he must bear a large part of the responsibility for things that happen as a result of Bush-era policies?
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Old 06-13-2012, 12:16 AM   #242
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Re: The Reagan Recovery vs The Obama Recovery

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Originally Posted by neverfoldthe1outer View Post
lol he must bear a large part of the responsibility for things that happen as a result of Bush-era policies?
Which gets back to the purpose of this thread.

Both Reagan and Obama accomplished larg scale policy changes. Reagan and his supporters want him to be held accountable for his record, but Obama and Obama supporters don't want him to be accountable for his.

It's completely valid to point out the difficult economy they inherited. But it isn't valid to promote and pass policies designed to repair this, then insist you can't be accountable for the result.

The result is clear: one set of policies resulted in a vastly different outcome than the other.
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Old 06-13-2012, 01:59 AM   #243
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Re: The Reagan Recovery vs The Obama Recovery

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The result is clear: one set of policies resulted in a vastly different outcome than the other.
Yes, the more Keynesian approach worked better. The public employee austerity via Obama's actions and inactions has kept unemployment at least 1.5-2 points higher than it needs to be. This is the recovery conservatives say they want. So why are they upset that keeping taxes low and cutting government jobs isn't causing skyrocketing growth?

Oh right, "regulatory uncertainty," the most meaningless term ever invented. The future is always uncertain. That's how democracies work. In before "democracy is costing us GDP growth, so we need to restrain it."
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Old 06-13-2012, 11:48 AM   #244
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Re: The Reagan Recovery vs The Obama Recovery

"regulatory uncertainty,", so true.
All the intellectualism in the world doesn't change a simple fact, people who need something, purchase it. And business flocks to any market that has buyers. Regulation does not stop buyers from buying. Business adds whatever costs are or may be incurred to the price they charge, everything else is bluster.

And before that concept gets trashed, a majority of the population doesn't read politics on a daily basis, and doesn't choose to read the arcane pontifications of economy prognosticators. They want, so they buy.................but because they have over bought for the last decade or so, they are now low on spendable cash/credit.
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Old 06-13-2012, 01:25 PM   #245
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Re: The Reagan Recovery vs The Obama Recovery

ITT thread I learned that buyers purchase the same amount of things regardless of price.
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Old 06-13-2012, 08:18 PM   #246
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Re: The Reagan Recovery vs The Obama Recovery

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Originally Posted by Turn Prophet View Post
Yes, the more Keynesian approach worked better. The public employee austerity via Obama's actions and inactions has kept unemployment at least 1.5-2 points higher than it needs to be. This is the recovery conservatives say they want. So why are they upset that keeping taxes low and cutting government jobs isn't causing skyrocketing growth?
We already went over this just a few posts ago. (I feel like Teddy in Momento!) GDP spending for government at all levels throughout Reagan's two terms is lower than Obama's is at any point in his first term.

The only "Keynesian approach" is Obama's.

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Originally Posted by Turn Prophet View Post
Oh right, "regulatory uncertainty," the most meaningless term ever invented. The future is always uncertain. That's how democracies work. In before "democracy is costing us GDP growth, so we need to restrain it."
Nice spin, as though some uncertainty is the same as complete uncertainty. Of course there are differences in degree or no one would invest in anything. Here, listen to how a mega-mugal casino owner and prominent Democrat Steve Wynn puts it:

Quote:
I believe in Las Vegas, I think its best days are ahead of it, but I'm afraid to do anything in the current political environment in the United States. You watch television and see what's going on on this this debt ceiling issue. And what I consider to be a total lack of leadership from the President, and nothing will get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year, that the discussion in Washington is nauseating.

And I'm saying it bluntly that this administration is the greatest wet blanket to business and progress and job creation in my lifetime. And I can prove it and I could spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate. Regulations coming from left and right. A President that seems, you know -- that keeps using that word redistribution.

Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they're frightened of this administration. And it makes you slow down and not invest your money
. Everybody complains about how much money is on the side in America. You bet. And until we change the tempo and the conversation from Washington, it's not going to change.

And those of us who have business opportunities and the capital to do it, are going to sit in fear of the President. And you know, a lot of people don't want to say that. They say oh, God, don't be attacking Obama. Well, this is Obama's deal. And it's Obama that's responsible for this fear in America.
The guy keeps making speeches about redistribution, and maybe's ought to do something to businesses that don't invest, they're holding too much money. You know, we haven't heard that kind of money except from pure socialists.

Everybody is afraid of the government. And there's no need -- there's no need, you know, soft pedaling it. It's the truth. It is the truth. And that's true of Democratic businessmen, and Republican businessmen, and I am a Democratic businessman and I support Harry Reid, I support Democrats and Republicans, and I'm telling you that the business community in this country is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody is going to be sitting on their thumbs
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