Quote:
Originally Posted by Poppinjay
Probably not coincidentally, this is a Rush Limblob topic today.
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What did Limbaugh say, I don't listen to his show? I wish I could say I was the first to raise the question regarding an Obama comparison to Hoover, but I am not. Given the conditions of the economy and the potential for it to turn positive or negative based on Obama's actions makes the comparison worth while. In addition it has been Obama who has consistently brought up this recession as being the worst since the Depression.
---------- Post added at 04:15 PM ---------- Previous post was at 04:09 PM ----------
Quote:
Originally Posted by dc_dux
ace....why do you think Obama is to blame for zero net job growth between 2000-2009...or the lowest economic output in 70 years...or a decline in household net worth....or the lost decade for the economy?
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I don't.
First, I have always said Presidents get too much blame and too much credit...
Second, our economy goes through cycles...
Third, the costs to employ have been on the rise for some time due to many factors...
Fourth, credit markets are frozen...
Etc., Etc., Etc.
If you want to discuss what I actually wrote regarding Obama and employment let me know. On the margins, Obama's negativity, his attacks against business, his nuturing an environment of uncertainty, is hindering "job creation". In a nut shell, how do we go from my actual position to "why do you think Obama is to blame for zero net job growth between 2000-2009..."?
---------- Post added at 04:20 PM ---------- Previous post was at 04:15 PM ----------
Quote:
Originally Posted by dc_dux
How is Obama responsible for the lost economic decade of 2000-09?
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He is not. Nor is 2000-2009 a lost decade.
The issue I am interested in is related to the future, not the past.
You may want another opportunity to discuss Bush, but it is no longer important.
---------- Post added at 04:24 PM ---------- Previous post was at 04:20 PM ----------
Quote:
Originally Posted by james t kirk
The arguement has always been that if Hoover had acted swiftly and decisively that the Great Depression (a term somewhat coined by Hoover who didn't want to use the term "panic" which had been used in the past to label recessions and instead called it "a slight depression in the economic growth curve") could have been at least tempered.
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Hoover did act. His actions hurt rather than helped. The Depression was manufactured based on the acts of government. Do you disagree with that premise?
---------- Post added at 04:26 PM ---------- Previous post was at 04:24 PM ----------
Quote:
Originally Posted by Jinn
Really, ace should've worded his OP as "If we assume the economy is tanking, and we assume Obama is responsible for it, is Obama responsible for the economy tanking?"
And we could've all just agreed. The problem in this case, of course, is that the assumptions are invalid.
As dc noted above, you can't have it both ways. Obama can't be both an incompetent President who has done nothing in his whole term in office AND a socialist tyrant who is taking massive steps to destroy our economy.
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Again, you miss the point. Will Obama's actions lead us into a double dip recession or a depression, if so why or why not? I have my view on the question, what is yours?
---------- Post added at 04:28 PM ---------- Previous post was at 04:26 PM ----------
Quote:
Originally Posted by dippin
I still want to know what, exactly, are Obama's "far left" policies.
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It is relative.
Also, there is a difference between what he says and how he governs.
---------- Post added at 04:30 PM ---------- Previous post was at 04:28 PM ----------
Quote:
Originally Posted by Baraka_Guru
We really need to get on the same page as to what, exactly, we mean by "far left." We seem to have different ideas of what that entails. Most of those I consider on the "far left" I would image look at everything Obama stands for and does as too far to the right...by quite a bit.
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I recall giving a list of politicians and ranking them from right to left to illustrate how I would define "far left", I don't recall reading a response from anyone.
---------- Post added at 04:34 PM ---------- Previous post was at 04:30 PM ----------
Quote:
Originally Posted by roachboy
i've thought for a long time that a universal minimum wage a good idea because...
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From a practical point of view this would be totally un-workable. At some point you will always regress to relative value of labor compared to real purchasing power.