Quote:
Originally Posted by ratbastid
The main economic indicators are starting to show a turn-around happening. Those committed to the view that Obama is Doing Bad Things to the Economy are having to reach into more and more obscure indicators for evidence.
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There is forward looking information and there are lagging indicators. There is no doubt there are some positive data points, but there are also some data points that should give cause for concern. In addition there is the condition of a fledgling recovery being reversed by premature action or doing things that can quickly put an end to the recovery. For example if banks hoard capital at the expense of business growth we could see a second round of job loss, consumer demand, foreclosures, etc. , in turn putting more pressure on banks to preserve their capital. Some cycles need to be broken, some cycles in order to be broken require risk taking with a profit motivation as opposed to risk avoidance with a survival motivation. Banks need to be encouraged to transition from survival to a profit motivation. But, we have a President who talks negatively about the financial sector taking risks and talks likes he wants to punish risk taking. I agree that the extreme is not good, but neither extreme is good.
---------- Post added at 10:07 PM ---------- Previous post was at 10:00 PM ----------
Quote:
Originally Posted by dippin
It's not about being condescending. It's about being at least a bit coherent when trying to get on the "let's bash Obama" bandwagon.
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I am bored with the above. Trust me, Obama doesn't get 2% of the criticism he could get. I don't even point out most of the easy and obvious areas. In my first post today, I only had one line about Obama, most would have seen that line and understood it was just a guy venting at the politics of the day. In fact, when Bush was President this board thrived because of the criticisms and defenses of the Bush administration, there is no defense of the Obama administration. People here, on the right don't need to rub it in, and people on the left don't seem to want to discuss it. Just a few months ago, there were countless comment about the survival of the Republican Party, endless speculation. Why has that changed? why isn't there the same level of interest in the future of the Democratic Party?