You were correct earlier, partisanship blocking the use of fiscal policy in conjunction with monetary policy is limiting our recovery from the aftermath of the Bush Recession.
Keep ignoring the truth, QE will not offset the costs to small businesses of Obamacare, higher taxes, and more regulations? All the easy money in the world will not pay the monthly expenses of a small business.
I would ask you to support your contention, but since it is not only off topic AND an attempt to prove a negative, I won't force you to do so here....but feel free to prove it in your own thread on this topic you insist upon.
And we are observing a poster who claims to know all about QE.....believing that the purpose of QE is to pay for these things!All the easy money in the world will not pay the monthly expenses of a small business.
You help me with every post.
There is such a thing called context and perspective. Figures don't exist in a vacuum. Are the employment figures where they should be? No. Are they a hell of a lot better than they were 5 years ago? Absolutely.
Is this a good jobs report? Yes and No. It could be a lot better, but it is better than a jobs report showing us hemorraghing hundreds of thousands of jobs. There are things about Obama that I like and things about him that I dislike. Overall on the economy....considering where we were and where we were headed....I would give him a B-. Better than most but certainly there is room for improvement.
The previous clown in the whitehouse did as good with the economy as he did capturing Bin Laden. It didn't concern him that much.
Women (Nasty or otherwise) are going to be the reason that Donald Trump is NEVER President!
Total Increase in debt to GDP overall.jpg
.... and settled for the "deny the quality of the fact" (the "so-what?" retort).
Sorry, the aggregate value of the debt means nothing unless compared to something... some benchmark. Almost all bankers will tell you that total debt means nothing unless compared to ability to pay. General Electric has almost 1/2 trillion of debt. Is that more troublesome than an unemployed middle manager with a $100,000 mortgage? Though the GE debt is 5Billion times that of the middle manager, which banker do you think loses more sleep?
Aggregate debt has no significance without a comparison to debt service capacity. What is the source of the debt service capacity of the United States? The ability to tax. What does the government tax? Economic activity a/k/a GDP. The higher the GDP, the higher the tax receipts. US government debt service is derived from GDP (private sector activity).... on the flip side, government expenditures, though less correlated, are also a function of GDP. The fact the US taxes are amongst the lowest in the world and it has one of the largest GDPs lets us realize that there is a lot more debt service capacity that can be tapped into, if required.
Now I appreciate the fact the Republicans have a remarkably poor record in managing the debt when they hold the executive office (see chart above), but you will just have to accept their P-poor performance here if you want to complain about the debt (accept the fact that your party is a big part of the problem, then you have the credibility to complain about the problem (AA 101))
There has been an interesting line of reasoning that the Cons deliberately run up the debt while in power and then turn around and complain about it when out of power, forcing the Dems to do the nasty work. That is an interesting allegation and completely consistent with the chart above.
So, if you want to tell us debt to GDP is meaningless, then help us with a generally accepted measure of debt service capacity to help us understand why the debt now is a bigger problem then it was in 1945, 1965 or 1985. I doubt you will have a metric better than debt to GDP.
.... I stand ready to put on my obfuscation mask...
FFS con, YOU think that QE is supposed to pay for "monthly business expenses"...not me!
And then you have the gall to claim I am "diverting"!!!!
Seriously, step away from the keyboard Con, the damage you are inflicting on yourself is greater than you are realizing.
Running up debt isn't unique to Republicans and what is amazing to me is how you ignore that Obama has run up more debt than any other President in history to generate 177000 jobs more than what he inherited over four years later. Those are good economic results to a liberal.
Debt to GDP ratio is indeed meaningless but the debt service on that debt is meaningful. Debt service is the fourth largest budget item and benefits whom? 144 million working Americans today vs. 146 million in December 2007. 10.6 trillion in debt at the end of the Bush term to 16.8 trillion in debt today? 10 million people added to the labor force during the Bush term vs 1.5 million in the 4 plus years of Obama? 1 million in discouraged workers four years after the end of the recession vs. ZERO months of a million discouraged workers during the Bush term.
Yes, keep buying the Obama rhetoric
Seriously you have a problem and cannot admit that you are wrong. My expertise is in running a business, yours is in buying leftwing big govt. rhetoric.
Last edited by Conservative; 07-06-13 at 01:20 PM.