Small Business Confidence At 8 Year High!

[Jermyn Davidson]

Originally Posted by Jito463

The countries who practiced austerity during the height of their own financial problems are still struggling.

America went the government stimulus route and we're doing much better financially than those other countries.

It was government spending that brought America out of the Great Depression and it was the lack of the federal Government's intervention that caused the Great Depression to be as depressing as it was, according to the economists I've read.

[Jito463]

Sorry, who mentioned the Great Depression? I dare say I would challenge those economists, but I asked about Obama. What actions has he taken that would help the economy? The stimulus? That was a joke. Most of that money still hasn't produced anywhere near the jobs they claimed it would (so much for shovel-ready jobs). Part of it, in fact, went to paying off the GM loan for them. Which means, we paid ourselves to bail out GM.

All the Porkulus....err, stimulus did was take money away from the private sector. Any other things Obama may have done to stimulate the economy?

The best thing any government can do in a recession is ease off the taxes and lower spending. Reduce the burden on the private sector. Reagan did it in the 80's, and it provided a massive boon to the economy. Unfortunately, no politician wants to get their hands dirty, lowering spending on someone's pet project. It has to happen, however, or our economy will fall. We cannot continue depending on China to bail us out. If things don't change soon, I worry this nation won't last another 20 years; at least in the form intended by the founders.

[Jermyn Davidson]

Originally Posted by Jito463

Sorry, who mentioned the Great Depression? I dare say I would challenge those economists, but I asked about Obama. What actions has he taken that would help the economy? The stimulus? That was a joke. Most of that money still hasn't produced anywhere near the jobs they claimed it would (so much for shovel-ready jobs). Part of it, in fact, went to paying off the GM loan for them. Which means, we paid ourselves to bail out GM.

All the Porkulus....err, stimulus did was take money away from the private sector. Any other things Obama may have done to stimulate the economy?

The best thing any government can do in a recession is ease off the taxes and lower spending. Reduce the burden on the private sector. Reagan did it in the 80's, and it provided a massive boon to the economy. Unfortunately, no politician wants to get their hands dirty, lowering spending on someone's pet project. It has to happen, however, or our economy will fall. We cannot continue depending on China to bail us out. If things don't change soon, I worry this nation won't last another 20 years; at least in the form intended by the founders.

You say this, but our government spent through the recession and we are firmer today because of it.

[Jito463]

Originally Posted by Jermyn Davidson

You say this, but our government spent through the recession and we are firmer today because of it.

Or, the recovery was slowed down because the government was draining the private sector of funds. Amazing how a different POV provides a different result. I ask again, what specifically has Obama done that has aided the economy?

[Jermyn Davidson]

Originally Posted by Jito463

Or, the recovery was slowed down because the government was draining the private sector of funds. Amazing how a different POV provides a different result. I ask again, what specifically has Obama done that has aided the economy?

Let me ask you this-- do you believe that any President can do anything to affect the economy in a positive way?

[Jermyn Davidson]

Originally Posted by Jito463

Or, the recovery was slowed down because the government was draining the private sector of funds.

That doesn't fly because we have examples of countries who practiced austerity and they are still struggling today.

We didn't practice austerity and we're on top.

[Jermyn Davidson]

I bbrought up the Great Depression because it is a clear example from history of what the Federal government should do when our country gets in trouble like we were-- it's a sterling example for the need of stimulus, something our President initiated to help keep the eceonomy from tanking even further.

Also, keeping mortgage rates down is another thing I can think of as something the Obama Administration has done to help the economy.

The GM bail-out also helped the economy.

We're also less dependent on foreign oil than we've ever been and this Administration plays a part in that as well.

[Jito463]

Originally Posted by Jermyn Davidson

That doesn't fly because we have examples of countries who practiced austerity and they are still struggling today.

We didn't practice austerity and we're on top.

We're not on top, we're constantly borrowing from China to stave off financial ruin. The only thing that's truly kept this country going is that most of us still believe in hard work and earning our financial freedom. Unfortunately, that number is shrinking all the time. When the majority no longer believe in those principles which once made America great, then this country will truly die.

Originally Posted by Jermyn Davidson

We're also less dependent on foreign oil than we've ever been and this Administration plays a part in that as well.

WHAT?! Democrats consistently try to BLOCK drilling for oil. The only place it's happening is on private land, but most of the oil is on publicly owned land, and the dems aren't budging on it.

Originally Posted by Jermyn Davidson

Let me ask you this-- do you believe that any President can do anything to affect the economy in a positive way?

I've already answered that. The real question is, do you? I'm still waiting to hear what Obama has done to stimulate the economy.

[n david]

Originally Posted by Jermyn Davidson

The GM bail-out also helped the economy.

Ah yes, Bush's auto bailout. Oh, you remember it was Bush and Paulson that got the plan rolling on the bailouts during the 2008 campaign, right? This wasn't obama's plan. They invited McCain and obama to the meetings while the plans were being worked out. I disagreed with Bush then and I still disagree with the bailout.

Originally Posted by Jermyn Davidson

We're also less dependent on foreign oil than we've ever been and this Administration plays a part in that as well.

No, the administration is not the reason for the drop in foreign oil or even lower gas prices. The expansion of PRIVATE drilling on private lands (and that awful fracking [tic]) is what has caused this. The administration has done what it can to hinder drilling, and if not for private companies it would be a very different story.

[Originalist]

Originally Posted by Jermyn Davidson

Thank God for the policies and wisdom of President Obama to help bring our country through the worst recession since The Great Depression to where we are today!

And yet a record number of people have dropped out of the work force. When will you learn that the media spins the statistics to trick people like you, my brother?