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Thread: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Boo Radley View Post
    If you believe policy effects it, you have to acknowledge Bush policy. If you're blaming Obama, you would also have to blame Bush. If you believe no president controls the economy, you have to look elsewhere. While many on both sides fail to grasp this, it is important that we start understanding a lot more factors effect the economy than the president or even government as a whole can control. Perhaps we should stop looking for government to fix it.

    Just saying . . .
    I never said Bush had no blame in the current state of the economy. Not once. I said that it was hypocritical for liberals (again, present company excepted) to continually blame it all on Bush, while simultaniously absolving Obama of any responsibility.

    While neither one had complete control of the economy, their policies have affected it.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Whovian View Post
    I never said Bush had no blame in the current state of the economy. Not once. I said that it was hypocritical for liberals (again, present company excepted) to continually blame it all on Bush, while simultaniously absolving Obama of any responsibility.

    While neither one had complete control of the economy, their policies have affected it.
    Fair enough. But I will keep pointing out government doesn't control the economy. I hope both sides see this.

    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.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Boo Radley View Post
    Fair enough. But I will keep pointing out government doesn't control the economy. I hope both sides see this.
    Control in it's entirety, certainly not. Affect via policy/legislation, also certainly.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Whovian View Post
    Control in it's entirety, certainly not. Affect via policy/legislation, also certainly.
    Even that is limited. Among all the factors involving the economy, governmental effect is very limited. And what effect they have, is often midgated by what would happen without their efforts (think regulation). Preventing harmfull aspects are important. And business will adjust and still profit much even with regulations.

    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.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Boo Radley View Post
    Even that is limited. Among all the factors involving the economy, governmental effect is very limited. And what effect they have, is often midgated by what would happen without their efforts (think regulation). Preventing harmfull aspects are important. And business will adjust and still profit much even with regulations.
    I don't know about the 'mitigated' part of your comment, but I do not disagree with the rest.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Whovian View Post
    I don't know about the 'mitigated' part of your comment, but I do not disagree with the rest.
    Well, I can live with that. But making sure food is safe, regulation, midogates, or justifies having some regulation. But, I think we're close enough.

    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.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Whovian View Post
    All I ever hear from the vast majority of liberals (present company excepted) is 'It's all Bushs fault'. But if the President has little direct 'control', how can it all be 'Bush's fault'? I am simply wondering when they expect Obama to try to 'affect' the economy in a positive way.
    If, God forbid, The Obama is re-elected and the economy it still in the tank near the end of His 2nd term, He, and His useful idiots, will STILL blame Bush.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Goobieman View Post
    If, God forbid, The Obama is re-elected and the economy it still in the tank near the end of His 2nd term, He, and His useful idiots, will STILL blame Bush.
    Will you agree neither is to blame?

    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.

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Boo Radley View Post
    Well, I can live with that. But making sure food is safe, regulation, midogates, or justifies having some regulation. But, I think we're close enough.
    I'm scared

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    Re: Government Set to Announce Second Year of $1 Trillion-Plus Deficit

    Quote Originally Posted by Whovian View Post
    I'm scared
    I hear ya!

    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.

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