Quote:
Originally Posted by aceventura3
Oh, I disagree. I think "cheerleading" is one of the most powerful tools available to a national leader. I think it again goes to the fundamental view held by Obama, who thinks government is the answer. The reality is that millions of hard working people and growing businesses are the answer, and sometimes we need encouragement. But as Biden said in response to a question regarding what is in the stimulus for small business, paraphrased - if your business needs a bridge for your customers to get to you, we will build a bridge. O.k., personally I don't need a bridge, but I could put more money to work if I got a tax cut.
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Well, first of all you seem to contradict yourself, then. The stimulus package cant be all bad, and fiscal stimulus cant be all bad, if you are for tax cuts.
That aside, no amount of cheerleading will make people resume payments on underwater mortgages, no amount of cheerleading is going to clear up toxic securities from banks' asset sheets.
Only someone extremely partisan would say that the problem with the current economic scenario is that the president isnt optimistic enough.
---------- Post added at 01:57 PM ---------- Previous post was at 01:48 PM ----------
Quote:
Originally Posted by aceventura3
For example you talk about deficits under Republicans as a negative and deficits under Democrats as a positive.
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No, not at all. But here is the thing: a deficit, in and of itself is not bad, as long as you eventually run a surplus.
So, as even the basic morality tails tell us, save during the good times and spend during the bad.
Clinton had a surplus during his economic expansion, Bush had a deficit during his. That is the difference.