AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
And if you believe John Mccain and Sarah Palin could have fixed the economy in two years, I have some beach front property in Arizona I'd like to sell you.
As to HC have you noticee that insurance stocks are up since it passed. Yes insurance companies will have to insure people with pre-existing conditions. What you fail to mention is that the bill does not put any limit on the rate they can charge. So saying someone can have a policy but it will cost $100K a year may not do much good for anyone. Just a good campaign slogan.
I keep hearing about how Bush drove the car into the ditch and it is amazing that the Democrats were in that car. Further actual economic numbers don't show that economic disaster that Obama claims he inherited. Obama has been in the Congress that helped drive the car into the ditch and the recession didn't begin until the Democrats took over Congress in January 2007. That recession began in December 2007 and prior to that we had 52 straight months of strong economic growth and job creation.
I base my statements on data from bea.gov, bls.gov, and the U.S. Treasury Dept. All are non partisan and I suggest you do some research of those sites and you will see that my statements are accurate. The economy that Obama "inherited" is the one he helped create and we would be much better off today with a pro growth, pro business economic policy than the one he implemented.
The facts are 4 million more unemployed today than when Obama took office, higher unemployment each month of 2010 than in 2009 the year the recession ended, 1.6% economic growth, 1.29 trillion added to the debt. I don't think that McCain/Palin would have generated those numbers.
So what do you do when your employer cancels your health insurance coverage and you can't afford the higher premiums insurance companies are now charging for an individual policy? Is the next step a new law to require employers carry health insurance for their workers? What about the cost to taxpayers... Douglas Holtz-Eakin,former Director of the Congressional Budget Office from 2003 to 2005, wrote in his Mar. 20, 2010 New York Times op-ed "The Real Arithmetic of Health Care Reform": "In reality, if you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges: The health care reform legislation would raise, not lower, federal deficits, by $562 billion..."Also I voted for him so he could put some regulations on these health insurance companies who don't want to insure people with preexisting conditions and want to drop people form their policies who get cancer, and he has done this.
Please enlighten me... and tell how these new banking laws are going to help you and me??And I also voted for him so he could implement some other regulations in wall street and to the banks. He has done all of this, so I am happy with my vote.
BTW, the combat mission in Iraq has ended. The increase in troops in Afghanistan is to try to suppress insurgent activity to a level that can be then maintained by the Afghanis when we leave in two years. Compare both of these things with John Mccains "We will be in Iraq for 100 years if that's what it takes." I'd take Obama's foreign policy over Mccains neo-con policy any day.
Furthermore, I never said anything about whether Repubs or Dems caused the recession, you just completely imagined that and started arguing for a point I never made. Take your meds dude. And you claim you are bi-partisan but don't recognize that Repubs are just as guilty for the recession as the dems?
As for your "pro growth, pro business economic policy", how many times have we seen that strategy lead to bubble economies that eventually bust and dangerous deregulation that leads to things like subprime loans derivatives?
Yes, the combat mission in Iraq has officially ended. THat was in line with the timel;ine established by Dubbya BEFORE he left office. Obama simple followed through with a decision made by Dubbya. The credit belongs to the man who made the initial decison, not the guy who came along after the fact and simply said 'Yeah, let's do that. Sounds like a plan'.
An increase in troops in Afghanistan, to 'suppress insurgent activity to a level that can be then maintained by the Afghanis'. Sounds a great deal like the 'surge' in Iraq, which was to do the same thing. You know, the surge that Obama said would not work, and would make matters worse, not better? I'm happy to google the exact quote for you, if you can't do it yourself.
As for your comment about McCain? Every liberal with an ounce of common sense has already admitted that he was not talking about 'combat operations' with that statement. He was refering to a peace-time military presence like we have in dozens of other countries around the world. You should really join the rest of the liberals on that one.
As for health insurance, the problem you pose is legitimate, but it is just as legitimate as the problems I posed. Something needs to be done, and I knew Obama was radical enough to at least try to do something. Mccain is a dinosaur who probably won't even live another decade. He wasn't going to change anything and he's sold out to GOP issues instead of being the maverick he used to be.
As for the banks, he revamped student federal loans so that it makes people like me (graduate students) easier for us to fund our educations. He made it so our credit card companies can't increase interest rates without informing us and can't increase interest rates on previous balances. Mortgage brokers have regulations that will protect us consumers from getting into dangerous loans. With our personal banks, we can now opt to have our card decline if there are insufficient funds, whether than unknowingly be charged overdraft fees. Do you need more or are you enlightened yet? Seriously, what was Mccain going to do for the average consumer? Are you seriously defending Mccain? I don't even know many Republicans who like Mccain!