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Thread: Renowned French economist to join Obama’s team

  1. #11
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    Re: Renowned French economist to join Obama’s team

    Quote Originally Posted by StringBean View Post
    *cough* Bloated Public Workforce *cough* Structural Deficit Spending *cough* Loss of Investor Confidence Resulting From #1 and #2 *cough*

    AKA...euro-socialism WORKS!!!
    About that "Bloated Public Workforce"

    *cough*


    gov_employ_obama_bush.jpg
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  2. #12
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    Re: Renowned French economist to join Obama’s team

    Quote Originally Posted by poweRob View Post
    About that "Bloated Public Workforce"

    *cough*


    gov_employ_obama_bush.jpg
    I suppose a graph of many euro zone countries would look similar. Perhaps due to necessity? Not to mention, I said nothing of America's public workforce. It was a rebuttal of euro-socialism.

    Nonetheless, "bloated" referred to the unsustainable pensions and benefits granted to public employees. And the corollary in America, would be to employees of the states, many of which are running unsustainable deficits. They run to the federal government to bail them out (see Stimulus), as Greece and others run to Germany to fix the mess they created.

    Workin' like a charm ain't it...I'm so glad the least business-friendly country in a depressed euro zone is willing to send their brightest economists our way. Their best idea was a 75% tax rate on the wealthy. Laughable. But perfect for Obama.

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    Re: Renowned French economist to join Obama’s team

    Quote Originally Posted by Juiposa View Post
    Europe's economy collapses, the world's collapses. The Eurozone is the second largest economy in the world. Just letting it spiral into its eventual doom is a bit dim witted. Seeing as Europe hasn't been able to solve this problem yet, looking elsewhere for help is natural when you can't do it yourself.
    That's where Socialism gets you .

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    Re: Renowned French economist to join Obama’s team

    Quote Originally Posted by Juiposa View Post
    Socialist policies did not cause the crisis, economic downturn and subsequent poor action on the part of governments did. Most European countries where fine with their policies before 2008.
    Greece was running enormous deficits since the 1980s, they just had banks cover them up by coverting their debt into other currencies and hiding them away.

    France has had 7% or higher unemployment since the 1990s.

    Do either of these scenarios sound fine to you?

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    Re: Renowned French economist to join Obama’s team

    Socialism is a disease. All it ever does is spread misery and suffering, kills opportunity, kills incentive, and kills upward mobility.

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    Re: Renowned French economist to join Obama’s team

    Quote Originally Posted by poweRob View Post
    About that "Bloated Public Workforce"

    *cough*
    gov_employ_obama_bush.jpg
    It was bloated, right now it is getting better. In the period 2000 - 2008 the private workforce grew with 5% while the public workforce grew with 10%. Then after the crisis the gap widened. So from 2000 - 2010 private workforce grew by -3%, while public workforce was still at 10%.

    Since then the gap has been reduced to 2% for private workforce and 7% for public workforce. However, those cuts were not easy to implement. There was many who refused to acknowledge that the public workforce was bloated in 2010.

    Also, to make matters worse the wage gap has been widing too

    Last edited by Camlon; 01-07-13 at 12:21 AM.

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