The Weekly Standard: Obama Vs. Bush On Debt : NPR
How do Bush and Obama compare on closer inspection? Just about like they do on an initial glance. According to the White House's Office of Management and Budget, during his eight fiscal years, Bush ran up a total of $3.283 trillion in deficit spending (p. 22). In his first two fiscal years, Obama will run up a total of $2.826 trillion in deficit spending ($1.294 trillion in 2010, an estimated $1.267 trillion in 2011 (p. 23), and the $265 billion in "stimulus" money that was spent in 2009). Thus, Bush ran up an average of $410 billion in deficit spending per year, while Obama is running up an average of $1.413 trillion in deficit spending per year — or $1.003 trillion a year more than Bush.
Pretty disingenuous to pretend that large scale economic problems can be solved by new management immediately
That there are no other factors involvd.
No, those are part of the operating cost. Profit is determined after that. The only people being given a large single share in profits are CEOs, which is counter productive. For the most part they already make a crap load of money and they aren't likely to reinvest that money into the company. But lets look at it from a macro-economic scale. What is better for society as a whole, the top 20% getting more money, or the bottom 80% getting more money?
Now lets look at it on a micro-economic scale. Lets say a company makes high end cars and gets enough profit they feel the CEO should get 150million. He gets that money, but instead of keeping it all, he gives half it away, evenly, to 1000 employees. Those employees can now afford the car the company makes and some of them buy it, making the company more profitable.
Hayek - too liberal for republicans
Really, it seems all some people do is search for articles that agree with what their thinking and post it to heckle others with.
oh goody - we get to trade insults - from Whovian
oh my - now I guess you suck even more because you fail to see that improvement is improvement is improvement and so will most American voters. The fact is that when Bush left, there was fear of another Great Depression and it never happened. That radical increase in the growth of unemployment leveled off and has been reversed.you suck at this...
Yes, the odor of bunring dog crap still permeates the air and it was caused by the flaming bags of dog poop left on the White House steps by Bush and his policies. But in the end, the house did NOT catch fire and the people know that the worse is behind us and progress has been made.
Oh - when we trade insults next time, the "you suck " stuff is pretty pedestrian. Can you come up with some wittier and cleverer stuff please?
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers