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

To: Tenchusatsu who wrote (553162)	3/4/2010 6:54:41 PM
From: tejek	Respond to of 1573901

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. As was said numerous times during the Bush recovery, it was the weakest recovery in the last 30 years. Job creation sucked. 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. Bubbles, smubbles. There would have been no housing bubble if the Feds and banks had been doing their jobs. 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). Ten, you're making excuses that don't fly. I don't know if consolidation was the ultimate culprit.....but what I do know is the economy has not behaved well for nearly ten years and job creation has been subpar. 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. Obama isn't waiting for the next bubble. Obama has brought together a cadre of well educated, smart people to run this country. The growth we will experience under Obama will be solid growth. That's why one of his chief admirers is Buffet.