What happened? I thought the sky was supposed to fall. I thought this evil, socialist creature of LIBERAL thought called the affordable care act was supposed to send the American economy into off such a massive cliff that the USA would simply cease to exist! Now the Fed is beginning to ease it's monetary supports, unemployment is dropping, business's are hiring at a faster pace, the GDP exceeded expectations, The NYSE is at or near all time highs, and if that isn't discouraging enough for the doomsayers...sign up's for the affordable care act are increasing very fast! I wonder how that government shutdown will register with the voting public in the 2014 midterms?? Hmmm....
No crash yet, just millions of people that have lost their medical care and can't afford the "Affordable Care Act" insurance plans the government is forcing them to take in their place, with a few hundred thousand people that have actually gotten insurance.
What a deal.
Originally posted by KazetNagorra Clearly you don't get it. When the economy is doing poorly, it's because of Obama. When it is doing well, it's despite Obama.
Kilgore and Kanzet- It doesn't really matter what President Obama does, because you folks will be against it. Ah well...life goes on.
Originally posted by bill718 What happened? I thought the sky was supposed to fall. I thought this evil, socialist creature of LIBERAL thought called the affordable care act was supposed to send the American economy into off such a massive cliff that the USA would simply cease to exist! Now the Fed is beginning to ease it's monetary supports, unemployment is dropping, business's are hir ...[text shortened]... news/nation/2013/12/18/states-report-enrollment-growth-30-to-40-percent-since-last-week/4111297/
The crash happened during Herbert Hoover's presidency, due to fiscal conservatism. The New Deal was necessary to fix the problem. Once again, we see a similar scenario under Bush and Obama, but the economy is recovering slower due to Republicans using hostage-taking to demand some spending cuts. It's still recovering, though, as you say. The unemployment rate continues to slowly decrease under Obama, and the deficit has been decreasing since he took office, whereas it increased massively under both Reagan and George W. Bush, and decreased under Clinton.
Originally posted by karnachz The crash happened during Herbert Hoover's presidency, due to fiscal conservatism. The New Deal was necessary to fix the problem. Once again, we see a similar scenario under Bush and Obama, but the economy is recovering slower due to Republicans using hostage-taking to demand some spending cuts. It's still recovering, though, as you say. The unemployment ra ...[text shortened]... hereas it increased massively under both Reagan and George W. Bush, and decreased under Clinton.
Originally posted by karnachz The crash happened during Herbert Hoover's presidency, due to fiscal conservatism. The New Deal was necessary to fix the problem. Once again, we see a similar scenario under Bush and Obama, but the economy is recovering slower due to Republicans using hostage-taking to demand some spending cuts. It's still recovering, though, as you say. The unemployment ra ...[text shortened]... hereas it increased massively under both Reagan and George W. Bush, and decreased under Clinton.
That's right. Without FDR they would have all be dying in the streets eating out of trash cans like we are today with Obama in office.
Originally posted by karnachz The crash happened during Herbert Hoover's presidency, due to fiscal conservatism. The New Deal was necessary to fix the problem. Once again, we see a similar scenario under Bush and Obama, but the economy is recovering slower due to Republicans using hostage-taking to demand some spending cuts. It's still recovering, though, as you say. The unemployment ra ...[text shortened]... hereas it increased massively under both Reagan and George W. Bush, and decreased under Clinton.
The crash is the natural result of economic cycles. WWII brought us out of it, not the New Deal.
If you want to look at a true economic turn around that did not include war, try looking to Ronald Reagan.
If you want to see where the New Deal has taken us, try reading my thread concerning what the government will do to your estate after you die if you use medicare.
Originally posted by Eladar The crash is the natural result of economic cycles. WWII brought us out of it, not the New Deal.
If you want to look at a true economic turn around that did not include war, try looking to Ronald Reagan.
If you want to see where the New Deal has taken us, try reading my thread concerning what the government will do to your estate after you die if you use medicare.
The crash was specifically caused by excessive fiscal conservatism, and alleviated by redistributive stimulus spending. Right-wing economic policies under Harding, Coolidge and Hoover worsened income and wealth disparity until the crash hit. The New Deal reduced the unemployment rate from 24.9% to 14.3% within four years, by 1937, long before WW2 military spending began. WW2 military spending finished the job, but the New Deal would have served the same purpose in full had it been larger.
Reagan didn't have much to do with Fed Chairman Paul Volcker's Morning in America. Volcker, a Democrat appointed by Carter in August 1979, fixed the stagflation crisis by tightening the money supply, leading to a brief recession, then sharply expanding the money supply in 1982 once inflation had been defeated. This succeeded in reducing unemployment, without bringing back inflation, thus ending the stagflation crisis.
Originally posted by bill718 What happened? I thought the sky was supposed to fall. I thought this evil, socialist creature of LIBERAL thought called the affordable care act was supposed to send the American economy into off such a massive cliff that the USA would simply cease to exist! Now the Fed is beginning to ease it's monetary supports, unemployment is dropping, business's are hir ...[text shortened]... news/nation/2013/12/18/states-report-enrollment-growth-30-to-40-percent-since-last-week/4111297/
Your premises are so flawed, I cannot begin to address the gaping holes in your assertions at 2:45 AM.
Where's the crash??
20 Dec '13 21:391 edit
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