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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (705000)	3/20/2013 5:28:59 PM
From: Tenchusatsu	of 1571808

Z, I expect that the sequester will have very little effect on the economy or on the government's ability to serve its functions, despite the bureaucratic games that I'm sure can NEVER happen in an ObamaNation. Assuming the sequester holds throughout this year, there will be a measurable drop in the deficit. But there will be no measurable effect on the economy beyond the fluctuations between 0.5-2% annualized growth that is now considered the "new normal." The measurable drop in the deficit is exactly what I expect Obama to take credit for. And the media will make it big headline news and will conveniently forget that Obama was forecasting doom-n-gloom if the sequester were to take hold. (Bob Woodward is one notable exception, but the media is predictably turning against him these days.) Personally I wouldn't mind if Obama did just that, as long as the deficit does go down without killing any economic recovery that we're seeing. It would be proof that government can shrink (or at least not grow so damned quickly) and America would be better off. But I can see how that would be anathema to wealth redistributionists like yourself. Tenchusatsu

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