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Economy
Democratic Panic Over Stalled Economy?
2010-08-11
How's that false ideology working out for you, Obankrupt? You're a smart guy, is it time to pull the plug on all that crap you learned when you were younger, or is it still W's fault

With the disappointingly soft jobs report for July, and a faltering recovery overall, is Team Obama getting ready for some sort of new, liberal-left, Keynesian, big-bang stimulus package? Will they be desperate to "do something"?
Oh, they will do something alright. I just want to know how much good money will be thrown after bad. Which constituency are you planning on propping up next? How do you plan on paying for all this debt when we have no room left in the GDP?
An actual link input...
Posted by:gorb

#9  This article and slideshow will help explan why the USA is repeating the mistakes of the past.

http://www.businessinsider.com/clips-from-great-depression-2010-6
Posted by: airandee   2010-08-11 17:50  

#8  Populist class warfare rhetoric

Complete disregard for sound fiscal policy

Taxation

Hyperinflation

Argentina?

Nope, the U S of A.

Give it another six months and the money markets cannot hold the excess dollars without a drop in exchange rates. The only thing saving us from hyperinflation is the fact the banks that received the TARP money are not putting it out in the money supply. They are reinvesting it overseas with zero risk.
Posted by: James Carville/Karl Rove   2010-08-11 12:42  

#7  a leftist admitting that they were wrong about something, and what are the odds of that happening?

They'd rather drag us all into the pit of Hell before they do that.

To the last, I will grapple with thee... from Hell's heart, I stab at thee! For hate's sake, I spit my last breath at thee!
Posted by: Procopius2k   2010-08-11 09:47  

#6  I fear we are on the brink of an economic calamity the likes of which none of us has ever seen.
We went over the brink about 3 years ago. We are now sliding down into the economic calamity. Smells like 1931-1932 all over again, from my reading of history & economics. The bailouts, stimulus and jive talk from financiers & politicians have slowed and obscured the slide downhill a little bit.
Posted by: Anguper Hupomosing9418   2010-08-11 09:30  

#5  #1 Oldspook

"They need to read Hayek and Hazlitt."

AH, OS, but that would entail, ultimately , a leftist admitting that they were wrong about something, and what are the odds of that happening?
Posted by: no mo uro   2010-08-11 05:48  

#4  Democrats

versus

WMF > [David Stockman]NYT AMERICAN MEDIA: AMERICAN APOCALYPSE.HOW THE GOP DESTROYED THE US ECONOMY.
Posted by: JosephMendiola   2010-08-11 02:59  

#3  ION BHARAT RAKSHAK > JAPAN'S SOCIO-ECONOMIC ORDER IS COLLAPSING | JAPAN'S ECONOMIC STAGNATION IS CREATING A NATION OF LOST YOUTHS.
espec Age 20-34.

* Few jobs.
* Job = likley only PT or Contract Temporary.
* Tendency to quit after short time of few months.
* Earn roughly 1/3 of what their Fathers did in salary.
* DECADE(S)-LONG PERIOD OF NATIONAL ECON STAGNATION WHIHC IS NOT LIKLEY TO END ANYTIME SOON.
Posted by: JosephMendiola   2010-08-11 02:13  

#2  I fear we are on the brink of an economic calamity the likes of which none of us has ever seen.
Posted by: Besoeker   2010-08-11 01:10  

#1  Can't push a rope.

The only way to generate economic demand is to let people have and keep more of their money, so they will invest and spend it, and to get government out of the way and stop burdening the job creators with regulations and taxes like Obamacare.

They need to read Hayek and Hazlitt.
Posted by: OldSpook   2010-08-11 01:02  

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