You are bad. I cannot even express how bad you are. You are as bad as Obama supporters are. You are even worse because they cannot think and you can… sometimes. 2 things are standing out in your post.
1. You, like everyone else, make an assumption that the historical rule of thumb is the rule we should follow without any doubt. The rule says that economy always recovers. Thus Obama can abuse it for personal and ideological purposes and that would result only in some delay, but economy will recover. Economy will still start recovering on his watch and will grant him the 2nd term (especially if to consider the massive brainwashing campaign in media and Internet). However this rule is accepted by everyone as the rule of the thumb there is always one justone who has no problems of challenging it. It has to be challenged at least because of the position taken by everyone except for one justone. The position is that everyone is sitting and guessing – have we hit the bottom yet? Are we seeing the signs of recovery? Can we call it recovery or sluggish growth or another BS? All of it begs one justone question – do we have to sit on our hands, pick our noses and, looking at the content, keep on guessing when Obama says it is enough for him?
2. The question 1. may take time to discuss. The 2nd thought standing out in you post represents the logic of supporters of Obama, the deeply fallacious logic.
You have expressed the extremism of such a magnitude that it can be only compared if not with the extremism of the Obama’s administration then at least with extremism of Muslim terrorists. As any extremism it is not arguable because it not only lacks any rational (the less it does when you take the rule above as the rule of the thumb) but it also ignores the facts of reality. Generally in the bolded part you are conducting the war on the private sector blaming it in all sins and saying that the Messiah is here to save it and the economy.
As the matter of the fact the apocalyptic rhetoric was brought in by the gov-nt but not by the private sector. It was the gov-nt which screamed the end of the world, - the banks falling and failing, Wall Street going down, credits disappearing – the end of the world, an emergency, TARP as soon as possible, - now, $700B! Of course, this scream was full of superficial fallacies as I pointed to you at that time, and explained some irrational and obviously wrong calculations. (In one instance the calculation of $700B was done with the false assumption that the price of oil was reflecting the real value of oil which was there to stay or go up. In reality the fall of the speculated price by itself put $700B in pockets of consumers. In another instance you did not answer the question - What was bad in the Wall Street falling and breaking into pieces, - we wouldn’t see savages taking and saving each and every valuable piece? Was it better to keep on spending on the pieces which were no value even to the last savages?) I pointed to many other totally irrational apocalyptic rhetoric which IN FACT came from the gov-nt and caused the slow down to dive into the deepest recession.
The fact is, - it was gov-nt which injected fear and the apocalyptic rhetoric on the 1st place, but not other way around as you and other extremists tell us.
When the gov-nt acts so irrational, so mad, it causes a deep recession. The private sector is hoarding cash out of fear, as it is the only rational choice it has when the gov-nt runs amok on the healthy part of the private sector. The private sector is not supposed to contribute to economic growth, it is there to make profits. The gov-nt propaganda against the private sector you introduce here is neither factual nor logical.
When the gov-nt ‘’borrows’’ money from the private sector, it is not borrowing, it is extraction and extortion, - for the simple reason that gov-nt expects the private sector to pay money back to itself. The private sector is not supposed to contribute to economic growth, it is there to make profits. Making profits constitutes economic growth. When the gov-nt spends the extorted money with NO PROFIT the economic growth is false, it is should be called the growth of deficit. The apocalyptic rhetoric was introduced almost a year ago, the program of gov-nt spending and running the deficit high started almost a year ago, and still you are guessing the present results and close your eyes on the unstoppable debt as on “another question”. Don, it is an undividable question, pointing only to the tip of the iceberg and not payning attention to the rest of it you are to bring the Titanic to the bottom. How things could be worse and will be worse if the gov-nt did not go into the spending madness a year ago? You are telling the private sector – ‘you are bad you are not contributing to the economic growth in your fears, look we will teach you how to make economic growth, how to spend.’ The private sector wants to be thought how to invest money for profit, how to make money, not how to spend. As money spent by the gov-nt return NO PROFIT and are not spent for the goal of making profit, I wouldn’t know what the gov-nt will call to be recovery when it will call something to be recovery.
We had the Internet bubble, we had Housing bubble, when economy will enter the same cycle of intensive production of goods and services, call me so I would call it recovery. But isn’t it your goal – not to have such intensive cycle of production of goods and services anymore? In your war on the private sector – who will be there to make profits?