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Thread: Economy's Biggest Drag Right Now Is Government

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by AdamT View Post
    Rarely has a thread backfired so violently.
    So let's stomp on the guy even more while he's down!

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by Fletch View Post
    Who was recovering? Plus, tight money/austerity were the conditions that lenders imposed as conditions for more lending. When you live on borrowed money, you dont get to make the rules.
    No, it was a condition that European governments imposed and it is turning out to have been a really dumb idea. By cutting spending too deeply and too quickly they pushed themselves back into recession and their debt problems are actually getting WORSE rather than better. There was a big debate a few years ago as to who was taking the wiser course: Obama/Geithner or Europe. The results are in.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by Misterveritis View Post
    I think this, "the federal government pulled back by 5.6 percent" is a lie. I know that you think so too.
    I wonder why politicians believe they can lie to us day in and day out with no consequences.

    Oh, they can. They have apologists in the media and even here in this small corner of the universe.
    When the truth hurts deny it. It's like a daliy occurence in the life of a right winger lately. It is not very becoming.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    Ok, I went back and re read...I got the article wrong. Long week I guess...Anyway, this is insane. we need to create MORE funny money out of thin air, based on increased borrowing?

    I got the thread wrong no big deal...Libs are getting this all wrong and we will collapse. So yeah, let's keep poking fun at me....It's all good.


    j-mac
    I'm glad you saw your error, but this is what I've been saying in terms of shrinking government. Jobs will be lost. It will be painful. And while it may be something we want to do, to say Obama cut jobs, and then complain that it is his fault for losing jobs is just silly.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    Yep, cuz God forbid anyone that doesn't think that Obama is just the greatest thing since sliced bread thinks for themselves eh?

    Tell you what dude, just do an honest reading through threads and compare liberal points made, and compare them to MSNBC talking points and I think you'll find if you are being truthful, that libs, including yourself are far closer to regurgitation of media blather than that of conservatives.


    j-mac
    Strawman noted for future reference (just in case you need to see what one looks like).


    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  6. #46
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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by iguanaman View Post
    When the truth hurts deny it. It's like a daliy occurence in the life of a right winger lately. It is not very becoming.
    Lately? I thought they started doing that about, oh, late 2002?
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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by AdamT View Post
    No, it was a condition that European governments imposed and it is turning out to have been a really dumb idea. By cutting spending too deeply and too quickly they pushed themselves back into recession and their debt problems are actually getting WORSE rather than better. There was a big debate a few years ago as to who was taking the wiser course: Obama/Geithner or Europe. The results are in.
    That's what happened alright but get ready for the flood of amnesiacs, denyers and excuse makers. It's all they have anymore.
    Last edited by iguanaman; 04-29-12 at 08:28 PM.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by AdamT View Post
    No, it was a condition that European governments imposed and it is turning out to have been a really dumb idea. By cutting spending too deeply and too quickly they pushed themselves back into recession and their debt problems are actually getting WORSE rather than better. There was a big debate a few years ago as to who was taking the wiser course: Obama/Geithner or Europe. The results are in.
    Those European governments are essentially the lenders. Demanding that places like Greece alter the way they do things and to at least make an effort to live within their means was not a 'really dumb idea,' it was the only option left.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by Fletch View Post
    Those European governments are essentially the lenders. Demanding that places like Greece alter the way they do things and to at least make an effort to live within their means was not a 'really dumb idea,' it was the only option left.

    What we are seeing in Europe is the end result of Keynesian economics.


    j-mac
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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    What we are seeing in Europe is the end result of Keynesian economics.


    j-mac
    As opposed to? What school of thought has the U.S. subscribed to for decades? There are far too many factors at play in Europe to lay the blame at the feet of any single ideology or particular group.

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