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Old 12-10-2010, 08:44 AM   #26 (permalink)
Baraka_Guru
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Quote:
Originally Posted by SecretMethod70 View Post
Nevertheless, in 2012 you can bet the Republican party will complain about the deficit even though they spent the last months of 2010 demanding more spending on top of the president's agenda.
Absolutely. By the time the campaigning gears up, there is a good chance that the economy will have posted some clear and undeniable signs of recovery, maybe even steady job growth by then. This will be a result of a number of factors, including local stimulus spending, government monetary policy measures unprecedented in scope but unsurprising in practice, and, most significantly, a global recovery. It will be an odd orchestration of extreme economic measures post-meltdown and a global business cycle doing what business cycles do. Pent-up demand will begin to unleash itself when people finally shed debt and have faith in their jobs and the economy. It's not inevitable but it's highly probable. It's happened for decades.

The Republicans will take most of the credit for this recovery and will suggest that the continued tax cuts were responsible for bolstering growth and saving America from Obama's "reckless spending" and that making the tax cuts permanent and repealing the health care reform is the only true way to allow America to thrive after so many years of turmoil.

The timing will be perfect for this bullshit. The Republicans wouldn't be the Republicans if they didn't do this.
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Last edited by Baraka_Guru; 12-10-2010 at 09:42 AM.. Reason: typo
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