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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (70903)10/30/2014 1:30:26 PM
From: i-node1 Recommendation

Recommended By
greatplains_guy

  Read Replies (1) of 71588
 
>> Deficits have DECLINED for every single Obama budget year.

They have, as one would expect. The worst deficit was produced after he blew a trillion dollars in the early months of his presidency. And when the TARP money was flying out the window.

>> Recovery after financial collapses (down throughout history) has always taken an average of at least TWICE as long as recovery from 'normal' business cycle recessions.

I have no idea how "financial collapse" is defined. However, there was nothing about the recent one that should have caused it to drag out for this long.

The fundamental problem is that government made bad decisions during the depths of the recession which caused hiring to stop. And it still is stopped. And it probably isn't coming back anytime soon. You can't dump tons of new costs on businesses every time they hire an employee and expect them to hire employees.

>> The GOOD news though on the federal deficit front is that the annual federal deficit now is AT OR BELOW THE AVERAGE (as a percent of GNP which is how deficits are measured) of what it has been over the last 50 years.

I'm sorry, but that is not exactly good news. We've been running deficits for 50 years and they're headed back up. Lousy policy. Incompetent president. Foolish Congress.
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