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Thread: Obama Heralds 1.1M Private Sector Jobs Created Since Jan.

  1. #241
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    Re: Obama Heralds 1.1M Private Sector Jobs Created Since Jan.

    Quote Originally Posted by Conservative View Post
    You are losing it, take a deep breath, get away from the computer, and come back with a clearer head. No one buys the rhetoric that a 3.6 trillion dollar Federal Govt. with 60% of that entitlement spending doesn't impact the economy. I am sure a day or two would allow you to come back with a clearer mind.

    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.

  2. #242
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    Re: Obama Heralds 1.1M Private Sector Jobs Created Since Jan.

    Quote Originally Posted by Boo Radley View Post
    Dead on topic eh?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama Heralds 1.1M Private Sector Jobs Created Since Jan.

    Quote Originally Posted by Boo Radley View Post
    Again, read better. I'll repeat my argument for just as I wrote it before: While I don't argue the government has no effect, I do argue it has no siginificant effect. The government cannot control the economy as other factors mean much more than anything the government does.
    That's the first time I've ever heard anything like that..

    Historically governments have had dramatic effects on economies, depending on their economic philosophies and individual economic freedoms of the people.

    All we need do is look at a map, or an appropriate graph, to see that economies vary wildly from country to country, and almost always because of the actions, or inactions, of their governments. To claim that governments have no significant effect on economies flies in the face of all historical and visible evidence. It is a ridiculous argument.
    Last edited by Grant; 12-02-10 at 03:55 PM.

  4. #244
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    Re: Obama Heralds 1.1M Private Sector Jobs Created Since Jan.

    Quote Originally Posted by Grant View Post
    That's the first time I've ever heard anything like that..

    Historically governments have had dramatic effects on economies, depending on their economic philosophies and individual freedoms of the government.

    All we have to do is look at a map, or an appropriate graph, to see that economies vary wildly, and almost always because of the actions, or inactions, of their governments. To claim that governments have no significant effect on economies flies in the face of all historical and visible evidence. It is a ridiculous argument.
    Sure they vary considerably, and certain a government that exerts control of an economy has more effect than one that doesn't. But even they fail, and do so because other factors can outweigh their control.

    But, you're mixing things up a little. Leaders try to control the economy. In or system, government tries to deal with problems through regulation, limiting harm or inequities, but they don't interfer in any way that would actually control sucess or failure of the over companies or employment or even growth. They can try to limit the pain of failure, or encourage business to take risks. But the government does not create jobs or grow the economy. Other factors have a much greater influence than the government.

    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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