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

To: RetiredNow who wrote (145678)	9/10/2014 11:57:46 AM
From: tejek	Respond to of 149317

Isn't Cristie a Democrat now? That guy is a mess. Nope. Still an R. Why people still vote for him, I'll never understand. On another note, let's see how Keynesianism is working in Japan. They are ahead of the rest of the world in QE and interest rates, by about two decades. This is our future. Krugman and Stiglitz are quoted in the below article and they believe that Japan style Keynesianism should be fully embraced in the US. We have already gone a long way towards using same play books as Japanese Keynesianism. Has it worked in Japan? You be the judge. There is little comparison between Japan and the US. Japan has an aging population that refuses to allow in migration of foreign, younger people. ......xenophobia is strong in Japan. Consequently, the Japanese are less productive and innovative than the US.

To: RetiredNow who wrote (145678)	9/10/2014 12:05:38 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

"Isn't Cristie a Democrat now? That guy is a mess" If he was a Dem, NJ wouldn't have had 7 credit downgrades. Have you checked his record? Definitely an R. This is from Nov. Since then, 3 casinos have closed, and credit downgrades now number 7. Unemployment: New Jersey’s unemployment rate is 8.5 percent, considerably higher than the national rate of 7.3 percent, making the state 41st in the nation. Job creation: New Jersey ranks 44th in job growth during Christie’s governorship. Credit rating: Three major credit agencies have cut the state’s credit rating since Christie became governor, making it costlier to borrow money. Economic growth: In 2011, New Jersey was just one of seven U.S. states whose economy shrank. The state ranked 47th in terms of GDP growth. Taxes: New Jersey is tied for 50th in the Tax Foundation’s annual report, which ranks which states have the most business-friendly (translation: lowest) taxes. Plus, the tax burden grew by 18.6 percent for the average family under Christie. Home prices and foreclosures: Mortgage delinquencies have increased 2.8 percent since Christie took over, the highest of any state in the nation. Plus, home prices are down 6.7 percent in that time, putting New Jersey in the bottom quarter of all states. Poverty: Although this statistic may not resonate with Republican primary voters, the poverty rate in New Jersey has reached a 52-year high, with 24.7 percent of the state below the poverty level. thedailybeast.com