Posted by Kevin, a resident of the Midtown neighborhood, on Apr 6, 2012 at 4:18 pm
I believe that way, because we are now at a recovery plateau, based on immense federal spending; our debt is at an historically high level; national investment in green energy is inhibitory to fossil fuels and nuclear (e.g. Solyndra, the blocking of the Keystone pipeline, no promotion of new nuclear plants). Above all, there is an attack-the-rich mantra being conducted by the President and his administration. Class envy will not produce a vibrant economy.
I predict a double dip recession...with major inflation (stagflation), down the road. Jimmy Carter II.
Posted by Lib Carlos, a resident of the Leland Manor/Garland Drive neighborhood, on Apr 6, 2012 at 5:04 pm
Joe - Kevin answered your question without the evidence you requested, just a bunch of talking points that either don't relate (Solyndra) or have no evidence of happening (fringe has been freaking about inflation for years.)
So we know you're another fringie that is hoping for the economy to fail before November. Just like most Republican politicians.
Kevin - when, since Reagan tripled our debt in his two terms, hasn't our debt been "at an historically high level"?
re "attack the rich: - when have the wealthiest Americans - millionaires and billionaires all, paid a lower tax rate in the last fifty years?
(here's a hint - rates haven't been this low in 50 years!) Time for everyone to pay a fair share.
Back to the Clinton balanced budget. Back to the great economy of the 90's. Pay down the debt. Create jobs and drive revenue. That's a job for Democrats. Clinton tax rates, Clinton spending.
After all, Kevin, who was the last Republican President to balance a budget? Last Republican to leave a $120 Billion surplus like Clinton?
Need another hint?
The fringies never answer that one.....
It's all about jobs - look at what Bush left in the chart above, and how Obama has turned it around with ZERO help from the GOP.
It will be interesting to see if stocks keep falling on Monday. Folks with money aren't buying the bets.
I remember the "double dip" of the end of Carter. Actually, I remember very well everything about Carter and the all Dem Congress. I have a strong deja vu going on, squared.
As for the comment about "look what Bush left us". That is like saying the winning team lost a couple games, then the next coach loses for 3 years in a row..but look what the last coach left him with.Doesn't fly. This economy is owned by Obama at this point and the Dems. The only reason it isn't even worse, IMO, is because we are holding our breaths, biding our time, thankful for the small wall that the Repubs built in Congress ( unfortunately the Senate and the POTUS can jump over it still), waiting for our own American "Spring" come November, hoping for a continued good change that began in Nov 2010.
Posted by Kevin, a resident of the Midtown neighborhood, on Apr 6, 2012 at 5:36 pm
8.2% official unemployment rate, today. The rate went from 8.3% to 8.2% simply because people have given up looking for a job. The real umemplyment rate, which includes all people looking for jobs, as well as those who have given up is probably closer to 20%.
This 'recovery' is a print-the-money phony deal. When the house of Keynsian cards collapses, it will require a world war to reshuffle the deck. Just like the last time.
No way you can reconcile the facts on that chart with the ridiculous "don't blame Bush" comment you made.
Bush loses MILLIONS of jobs before Obama takes over, the economy still loses another couple million before April 2009, and Obama turns it around. We're working on 23 consecutive months of PRIVATE sector job growth vs millions of jobs lost under Bush and you say "not a real one based on private sector growth"
Blinders on again? We have a lot of work to do, returning to Bush policies will destroy the progress made.
Next time, look at the charts.
Kevin - "After all, Kevin, who was the last Republican President to balance a budget? Last Republican to leave a $120 Billion surplus like Clinton? ... The fringies never answer that one....."
Posted by Kevin, a resident of the Midtown neighborhood, on Apr 7, 2012 at 12:28 pm
The job recovery from this recession is paltry, compared to previous stiff recessions (e.g. Reagan era). Obama simply printed money, and reflated the economy with reckless spending. The chickens will come home to roost, with massive inflation and no growth (stagflation). This is Jimmy Carter all over again. Reagan was voted in to clean up the mess.
Posted by Joe Palm, a resident of the Palo Alto Orchards neighborhood, on Apr 9, 2012 at 11:25 am
"Kevin - "After all, Kevin, who was the last Republican President to balance a budget? Last Republican to leave a $120 Billion surplus like Clinton? ... The fringies never answer that one....."
Ahem, Kevin, ya missed this one from Carlos.
Kevin - "...with massive inflation and no growth (stagflation). .... Reagan was voted in to clean up the mess."
Reagan tripled the national debt. This is the third mention of inflation - what are facts are you basing your claim on???
What do you mean "no growth"? When Obama took over, our GDP was shrinking under Bush, at the same time we were losing millions of jobs under Bush.
As posted above:
March 2008: -80,000
March 2009: -652,000
March 2010: +208,000
March 2011: +194,000
March 2012: +120,000
Fast forward from Bush's misery - we're growing jobs and the economy, slowly recovering from Bush's misery index of job loss and financial disaster, not fast enough, because the GOP blocks all moves forward in hope they can be reelected.
Posted by Kevin, a resident of the Midtown neighborhood, on Apr 9, 2012 at 12:14 pm
The Reagan recovery, and his military support (which won the cold war!), was very sharp in favor of recovery. The economy continued to increase over the years, to include a balanced budget in the 90's (after Clinton got sober and triangulated, when Gingrich swept DC.
All we can see now is immense national debt, and deficits over the horizon. All of that printed money, wasted investments (Solyndra, union giveaways). There is no way that so many printed dollars don't come back in our face as inflation. In fact, they already are (gas and food prices). There are only two things that are holding back inflation, at this point: Depression of housing prices, and the European collapse (which holds down interest rates in the U.S.). When these two things stabilize, watch for massive stagflation.