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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (201500)	9/14/2012 8:54:56 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 541933

<<<<on an austerity (Austrian School) binge - fired as many public sector employees as possibles. >>>> You really have it in for those Austrian School guys. Geeez. The reason States laid off so many people is because their income collapsed when the bubble popped. If you're a State and your source of income shrivels you don't have a lot of options. One is to decrease workers that are no longer needed. As I said before in my County the number of building permits dropped from over 2200 to a little over 400. Now when that happens you darn well better fire workers since they will have nothing to do. ...........There were teachers fired too, but even here there is always a need to clean house on a downturn. Believe it or not economic downturns are good for the economy; they require a fresh look at workers and in the end make those that remain more efficient. Is that harsh? You bet, but the real world is harsh. It's not a big happy place where inefficiencies in the economy can build forever.

To: Mary Cluney who wrote (201500)	9/14/2012 10:36:49 PM
From: Sam	Respond to of 541933

<<<We would have been far better off today if it had not occurred, if we had just gone along a more normal economic trendline.>>> I disagree. If it were not for the stimulus we would be in recession or worse. Well, you miss my point, probably my fault. I didn't mean for the "it" in the clause "if it had not occurred" to refer to the real estate/credit bubble, not the stimulus. So, read, "We would have been far better off today if the real estate/credit bubble had not occurred, if we had just gone along a more normal economic trendline." Once the bubble occurred and then collapsed, the government stimulus became necessary. If it had never occurred, then it wouldn't have been necessary.