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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (553148)	3/4/2010 4:17:08 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1573848

Ted, > Did you miss this point in the article: "The problem of weak job creation certainly can’t be due to increased business taxes and regulation, since both were slashed during the Bush years." And during those Bush years, jobs were indeed created until the recession hit. There is no way to prevent a recession, especially one that would inevitably result from a bubble such as real estate. Speaking of which, a lot of government policy revolved around "transferring the bubble." That was one of the mistakes Bush made. Clinton made a similar mistake. Obama and the Democrats are likely going to make the mistake of increasing bureaucracy in the name of regulation. The "policy bubble," as some economists put it. That's the real problem behind the "net zero" job creation. Bubble mentality. Consolidation was just a symptom of stagnant innovation. Even the market for microprocessors has matured, leading to Intel's dominance (and AMD being "bailed out" by authoritarians who think Intel is too big for AMD to fail). My big beef with Obama is that he's hoping for the next bubble to come around, but he has no idea in what form it will take. For example, he's wishing for a new "green economy" without having any clue what that entails. Meanwhile, he's pushing forward with bigger and bigger government, with the optimism that government will eventually figure it out. Tenchusatsu