Bush spent too much also, but this government has done even more. The sad thing is, there was a template that could have been followed. We had a worse recession in the '70s and into the '80s, but that was turned around into a long lasting, booming economy. For some reason, this government decided to do the exact opposite. Can only guess why.
It was turned around because Reagan started spending like no tomorrow. He grew the debt by 300% and most of that was ploughed into the military. He was deficit spending and it made Bush and Obama look good. His actions that you so praise, are the root cause to the economic problems of today. He started the whole trickle down economics and it has utterly failed. The rich have gotten much much much richer, but nothing has really trickled down.
Not really. It was back in 2008, it's 2015 now. The economy should be doing much better, and much sooner. No excuse for that, as I said, it was turned around in the '80s. I fully support blocking anything that takes us in the direction that has been proven to not work.
On what basis should the economy be doing much better and sooner at that? Just because Reagan managed to get out of a minor recession (relatively speaking) does not mean that would work again. Different tax rates, different type of economy.. and certainly no justification to grow the military as much as he did.
The crash of 2007-8 was catastrophic for the American middle class. They have still not gotten out of that hole that was dug during mostly the Bush administration (but not exclusively). No wage growth is a problem now, and then.
Now we can argue who did what and so on, but the reality is that the politicians in the US dont have a solution because any solution that would work, would mean turning on the very people who fund their political aspirations. This is regardless of political lean.
You hate Obamacare I bet.. and frankly I dont like it either, but it is better than what was before. But even Obamacare is idiotic because it relies on an industry that is utterly corrupt and basically being run by a cartel with next to no oversight. It is issues like this, that is holding back the US economy.. not lack of tax cuts or too much government spending bla bla... it is the fact that Americans think they have a "free market", but when in fact at best they have duopoly or even worse a defacto monopoly in many industries.
Companies don't control wages, the market does. The more the government intervenes, the more unintended consequences you get. Strike another one up for big government!
Horse****. There is no market forces on wages. Unions are far too weak in the US to set up and resistance against corporations dictating wages. The wage pressure is simple.. either you work for next to nothing or we ship your job overseas. This has absolutely nothing to do with the market. Most companies could easily pay their workers more, but it would mean less profits for their shareholders and owners.. and we cant have that can we now. Do you really think a company like Walmart needs to pay their employees so little that they still need food stamps and other government assistance? Of course not, but if they do pay them more.. like a living wage.. that would mean less money for their owners.. and we cant have that!
We are being flooded with people taking jobs and just taking handouts. More of a drag on the economy. Used to be being a liberal didn't mean that you ignored the reality of how the economy works. Seems like that is required these days, lest you be tarred and feathered by the rest of the left.
You are being flooded by people taking jobs because the US right is protecting the companies that cater to them. And dont even try to deny this. The more illegal workers, the bigger the wage pressure on ordinary Americans. Not fining or winding up companies that consistently use illegal workers... is just mind boggling.
But keep blaming the left, so called liberals and Obama .... it is that attitude that makes it impossible to fix the US economy... everyone is to blame, and especially special interest groups that prevent competition.
