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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: calgal who wrote (52535)	7/8/2011 4:53:37 PM
From: John	3 Recommendations Read Replies (1) \| Respond to of 103300

Why are jobs continuing to decline? Because Obama and the insane egalitarians have ruined the economy and the nation. Consequently, many people have closed their wallets and purses very tightly, and we're going to keep them closed until the Obama madness and multicultural insanity ends, and we are certainly not suffering for doing so. -ng-

To: calgal who wrote (52535)	7/8/2011 5:01:35 PM
From: DuckTapeSunroof	Read Replies (3) \| Respond to of 103300

I would say the problem is THREE PART: 1) The deep recession was occasioned by a global FINANCIAL COLLAPSE, (and not by a normal cyclical downturn). Recessions spawned by financial bubble/bursts are ALWAYS the worst... and, (as Rogoff's work conclusively demonstrates), average at least twice the depth and length of the 'average' business cycle recession. 2) Our tax codes have been allowed to become corrupted with massive amounts of unproductive and growth-depressing special interest loopholes and special interest provisions... all of which (taken in-toto) keep economic growth far below par. We are decades past the time the entire code should have been gutted. 3) The failure (for most of the past thirty years) to effectively combat the ever growing deficits and national debt load... we instead pretended (both the public and the politicians) that we lived in an economic fairytale land where we could have our cake and eat it too... that we could over and over again cut revenues without simultaneously cutting spending and, (like Cheney famously declared) that "deficits don't matter". Poppycock such as that leads inevitably to a state of crisis.