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

To: bentway who wrote (579237)	8/3/2010 1:32:00 AM
From: d[-_-]b	Read Replies (1) \| Respond to of 1584153

I would point out if was the government JOBS created by WWII Those were not exactly "government" JOBS - they were private and public companies awarded contracts - big difference between a government contract job and a government job. Do you want Obama to create WWII levels of government JOBS? He has already created more real government jobs in terms of useless bureaucracy. When is he going to buy something with the stimulus money instead of building more money sucking institutions?

To: bentway who wrote (579237)	8/3/2010 1:40:37 AM
From: i-node	Respond to of 1584153

I would point out if was the government JOBS created by WWII that pulled us out of the Depression. The JOBS didn't HAVE to be war jobs, but the war was there.. Do you want Obama to create WWII levels of government JOBS? You are wrong, however, about what actually pulled us out of the depression. This is just more of the same liberal confusion. The facts are that government can go deeply enough in debt that it can put people back to work for a time. This happened in the 30s, and it was discovered when the "Roosevelt Recession" hammered the country, that you have to keep feeding those jobs into perpetuity. Else, unemployment will return. What eventually ends any recession or depression is a return of consumer confidence which translates to spending. That's why we're in the pickle we're in now: The Obama wasteful stimulus failed because it did not restore anyone's confidence and consumers aren't spending. People like you and me are saying, "Shit, this thing isn't over, we're not going to buy that new washing machine today". And we're right. The end of WWII brought about a surge in consumer confidence like has never been seen before or after. People literally "forgot" about the Depression -- something that had not happened as of only a few short years before. Obama's waste of a trillion dollars managed to reduce unemployment by a point or two, but just as Romer and others have said, the stimulus spending is now over and there is a very strong likelihood that unemployment is headed up. And the bad news is everyone from Krugman to Greenspan is afraid to say it, but when that unemployment starts up again, we've got bigger problems on the horizon. The real estate market is teetering on the brink of a much bigger fall than we've yet seen. If it collapses, we could easily be headed into a depression. And the government will throw money at the problem, further increasing the money supply and triggering uncontrolled inflation. This bullshit about how a sagging economy can't be inflationary has been proven wrong time and again.