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Thread: Economy in U.S. Grows at 1.5% Rate

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    Re: Economy in U.S. Grows at 1.5% Rate

    Much of this is related to the problems in Europe & China.

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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Thunder View Post
    Much of this is related to the problems in Europe & China.
    ...and Keynesian economics!

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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Romulus View Post
    ...and Keynesian economics!
    As in, Republicans' failure to follow Keynesian economics when the economy was booming. Agreed.
    "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 in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Thunder View Post
    Much of this is related to the problems in Europe & China.
    It's always somebody else's fault. The fact is if obama was a real leader he would be leading the world out of economic chaos not following the world into it.

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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by sawyerloggingon View Post
    It's always somebody else's fault. The fact is if obama was a real leader he would be leading the world out of economic chaos not following the world into it.
    To be a leader, one actually needs to have people willing to follow. Congress's head is stuck so far up its own ass that the President couldn't do anything substantial if he wanted to.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by StillBallin75 View Post
    To be a leader, one actually needs to have people willing to follow. Congress's head is stuck so far up its own ass that the President couldn't do anything substantial if he wanted to.
    Obama had 2 years of democrat control in both houses of congress. He got his $800 billion stimulus which he promised would fix things and it failed. He did not instill confidence in the private sector, nor with the American public as a whole.

    I realize he didn't create the mess, but as president, it was his responsibility to fix it... Blaming others won't make the results any different.

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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by AdamT View Post
    As in, Republicans' failure to follow Keynesian economics when the economy was booming. Agreed.
    What would Keynesian economics say we should be doing now that we are not in recession and actually 3 years into recovery?

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    I think that Obama's best re-election campaign bid would be to encourage people to get drunk and go to the polls to vote. Hell, he could even send everyone a free bottle of 151 rum, so that his base gets something for free like they always want, and no one bitches that they can't afford the booze to get drunk before they head to the polls.

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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Romulus View Post
    ...and Keynesian economics!
    In what regard?

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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Grim17 View Post
    Obama had 2 years of democrat control in both houses of congress. He got his $800 billion stimulus which he promised would fix things and it failed. He did not instill confidence in the private sector, nor with the American public as a whole.

    I realize he didn't create the mess, but as president, it was his responsibility to fix it... Blaming others won't make the results any different.
    Doesn't take away from the fact that his freedom of action is rather limited. At the end of the day he can't do what he can't do, whether or not he's willing to do it.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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