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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (124247)	10/18/2012 11:45:03 AM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

BTW, economic prosperity is caused by savings and investment. Savings creates a pool of capital that can be used for business investment. Business investment creates jobs. Borrowing to spend beyond our means, like Americans do, removes capital from the economy and sends it overseas. That capital is no longer available for investment, which means jobs shrink. When government steps in to prop up demand, they are simply reducing capital to encourage spending. They are borrowing from the future to drive spending, which goes overseas. Government printing and borrowing is a recipe for long term stagnation. It always has been. So it looks like you are saying that folks like Romney are responsible because of his track record. Steve Jobs should be blamed. But remember they did it much before the money printing began. So does your theory hold or is your theory vaporware? Don't blame China on Obama. It was Bush who started it by fighting two wars on credit (borrowing money from China). There was no China problem under Clinton, was there? who started the China problem?