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      08-31-2011, 02:19 PM   #70
ecleland
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Your kidding?

Quote:
Originally Posted by ScotchAndCigar View Post
Try opening your eyes, or maybe reading the answers in these threads (posted over and over). The stimulus ended the recession, stopped the big corporate bankruptcies, boosted the stock market tremendously, and is (slowly) bringing down unemployment, which was always predicted to take the longest to recover.

There is a graph elsewhere in these threads, which shows that the stimulus spending represents a very small portion of the debt, and in fact much of the stim money has been paid back with interest. The majority of our debt is from: existing debt, the decade-long wars, 2 rounds of unfunded Bush stimulus checks, and reduced fed revenue caused by the recession.

As I've said over and over, just look at the economic situation during Reagan's first term, and when you see how remarkably similar it is, ask yourself why Reagan is a god to you guys, while Obama is the destroyer of America.
Don't compare this to Reagan. Reagan (to steal Obama's line) inherited the mess made by Carter. This is Jimmy Carter's second term and it will end in a similar landslide defeat ushering in (hopefully) another wave of conservatism that will put an end to the institutional Ponzi Scheme we are living under.

Business cycles come and go regardless of who is president. Reagan's policies helped Energize the business cycle in the mid 80s leading to one of the longest economic expansions in history and Obama is effectively driving us into a double dip recession second only to the great depression. Tarp was a bailout to Wall Street. Stimulous was mostly a bailout to public sector unions. Sorry but that was never going to help energize the private sector economy which is responsible for all the wealth creation in this country. Without expansion in the private sector all we have is a Ponzi Scheme that will shorty implode on itself.
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