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

To: combjelly who wrote (683896)	11/8/2012 4:17:16 PM
From: longnshort	Respond to of 1572373

Ron Paul: Election shows U.S. 'far gone' By Stephen Dinan - The Washington Times - November 8, 2012, 11:56 a.m. Rep. Ron Paul, whose maverick presidential bids shook the GOP, said in the wake of this week's elections that the country has already veered over the fiscal cliff and he sees no chance of righting ship in a country where too many people are dependent on government. "We're so far gone. We're over the cliff," the Texas Republican told Bloomberg Television's "In the Loop" program. "We cannot get enough people in Congress in the next 5-10 years who will do wise things." The video can be seen at http://www.bloomberg.com/video/ron-paul-on-fiscal-cliff-and-vows-to-compromise-MYkAiqYBTaiHwXZL9Tvxkw.html. Mr. Paul, who is retiring after 12 terms in the House, said voters on Tuesday rejected Mitt Romney because he had opposed the government bailout of General Motors and Chrysler. "The people in the Midwest voted against him: 'Oh, we have to be taken care of!' So that vote was sort of like what we are laughing at in Greece," Mr. Paul said. "People do not want anything cut," he said. "They want all the bailouts to come. They want the Fed to keep printing the money. And they don't believe that we've gone off the cliff or are close to going off the cliff. They think we can patch it over, that we can somehow come up with some magic solution. But you can't have a budgetary solution if you don't change what the role of government should be. As long as you think we have to police the world and run this welfare state, all we are going to argue about is who will get the loot." http://www.washingtontimes.com/blog/inside-politics/2012/nov/8/ron-paul-election-shows-us-far-gone/

To: combjelly who wrote (683896)	11/8/2012 4:53:18 PM
From: Tenchusatsu	Read Replies (3) \| Respond to of 1572373

I understand all of that CJ, but the continued deficit spending is proof that the economy continues to be on life-support. Meanwhile the public continues to become more and more dependent on government spending, as can be seen if you suddenly decided to cut the deficit in half next year. It's been four years since the financial crisis of 2008. Lending should be back to normal by now. And by normal I don't mean back to the crazy levels of the real estate bubble. There are other negative pressures now on the economy, the biggest one being government policy and its effects on business. Minimum wage, ObamaCare, penalties for offshoring, higher taxes, all these fears are compounded by the need to reduce the deficit. And that's why I think the next 12 months are going to be rather rough. Tenchusatsu