BGFalcons82;1156901 wrote:Boat-
1) What pro-growth policies has Obama introduced? Cap-n-Trade? How about ObamaKare? Maybe it's the Stimulus/Omnibus Spending Bills, eh? What happened when the borrowed/printed/invented-out-of-thin-air money ran out? According to Keynes, this type of "investment" should have ignited us already, right? How does stealing money from particular sources (children, grandchildren, evil rich, China, Japan, etc.), taking a substantial cut, and then giving the leftovers to other segments of society create demand? The money ran out last year and we saw a 2.2% GDP growth for the 1st quarter. Yeah, I know...yours and Krugman's solution is to steal more. Like addicts, you just can't get off the juice.
2) Who stopped him in the first 2 years of his presidency anyway? Don't tell me about the Senate's cloture rule...it didn't stop ObamaKare, did it? WHEN will you and the Left take ownership of Obamanomics? When is the Bush presidency finally over? I'd like a date, please.
3) It is an undeniable fact that the price of gasoline has doubled since 1-20-2009. That is a 100% increase by definition. Are you trying to say this has no effect on inflation?
4) This president has failed to lead, failed to fix, and failed to tell the truth. We are in a stagnant growth cycle with no hope for job creation, no hope for deficit reduction, and a gradual loss of hope for our future. He has not demonstrated any successes that he said he would deliver....and yet, tens of millions think he deserves 4 more years of blaming Bush, blaming the Tea Party, and blaming everyone other than himself for utter failure.
1. The stimulus bill was good but not large enough and it wouldn't have passed if it was larger because there are a lot of Democrats who don't know textbook economics either. The Joe Lieberman's of the world were what forced it to be too small.
Keynes would not have said that the ARRA would have ignited the u.s. economy. It was an epic failure because the entire world is swept up in the conventional wisdom that is ruining Europe right now and holding us back. Additionally, the savage cuts at the state and local level have offset the expansionary policies at the federal level.
You have to realize that you think firing everyone at the Department of Education and putting them on unemployment insurance in an already depressed economy is pro-growth. When what you consider to "pro-growth" is nothing of the sort and won't bring to life a magical confidence fairy we're just going to talk past one another.
2. He made an epic mistake thinking the stimulus was large enough....thinking if it was much bigger the bond vigilantes would arrive. Essentially a moderately conservative view and it was wrong. He then turned to Obamacare for over a year begging Republicans to endorse ideas they invented which was also a mistake.
Obama did not do enough but if the U.S. had taken your advice we'd be looking at 15% unemployment as is happening in countries like Ireland. I'm unhappy with Obama's performance but it's for different reasons. Endorsing the complete opposite side which is being utterly proven wrong by other countries is no option.
3. You really don't understand the difference between headline inflation and core inflation. I've discussed this with you numerous times. The inflation in the price of gasoline is not due to the printing of paper money out of thin air, yada yada. That type of inflation is going to be below the Fed's target rate for several years. If we had the 4% core inflation of the Reagan years things would be getting much better much more quickly but we don't.
4. You and the people in your power have done everything in your power to stop him from pursuing policies that might actually work. We'd have hope for deficit reduction and job creation if you would repudiate your ideas that have been proven wrong across the pond and stop repeating things that were refuted in 1937.
Advocate a fiscal stimulus now, a higher inflation target and fiscal consolidation starting in 2015 with tax rates that Ronald Reagan Supported and all your concerns are alleviated. Obama will not do this but it's better than your recipe for disaster. You think it's bad here? The people taking your advice are heading back into recession.
I mean, imagine if half the people at your job were actively trying to prevent from succeeding.