LOL that is a joke. Because the fed is keeping interest rates low to stimulate the economy in place of, oh I don't know, CONGRESS, you cannot take the numbers take the numbers seriously? Growth is growth. Did you take dubya's pathetic 1.67 per year GDP growth seriously? Tell me, why is it when the economy is not growing as fast as conservative republicans think it should under obama are the numbers taken seriously but when ANY economic number is good, it is fixed, or fudged or going to adjusted down - lets just wait until it's revised and when it revised up not a word is spoken - or not to be taken seriously. The bottom line is, like I said in the previous post, conservative republican do not want to give obama and the democrats any credit for saving our economy from a depression and now the recovery. The issues you all want to bitch about under obama started way before he took office - deficits, labor participation rates, bailouts, quantitative easing, income gaps just to name a few.
Tell me something mr I know so much about economics and politics, under how many presidents have there been debt ceiling fights? Who shut down the government? Who insisted on cutting spending during a recession and recovery? Show us all what a dumbass lemming you are and blame obama for it all.
I didn't take anything Bush did seriously. He's responsible for the economic mess we're in, but he shares that responsibility with is predecessors who encouraged low-interest loans in the housing market so they could stand before Congress every year and tout home ownership numbers. You aren't going to get anywhere with me by suggesting that I gave a pass to Bush for anything -- I detest the Bush presidency.
And, no, growth isn't growth. There is natural market growth and then there are artificial bubbles created and inflated by Federal policies that are unsustainable in the long run. The only thing the Feds are doing is staving off the inevitable crash and causing that inevitable crash to last longer when it does occur.
Last edited by SicEmBaylor; 2/1/2015 at 06:24 PM.
I'm not being a coward at all. My point is that the government is so intertwined with the market, that the free market doesn't exist. It's impossible to tell what growth is the result of a healthy free-market/independent economy and what is the result of Federal interference artificially boosting all or segments of the economy. What we have now, and what we've had since the Federal reserve was created, is essentially a fascist economy. It's a collusion between big banking and big business interests and the government to manipulate the economy mostly for the benefit of the banking industry and large corporations. America practices corporatism not capitalism.
I can't tell you what growth I'd take seriously because the kind of growth I'd take seriously doesn't exist. Not because it can't exist, but because it isn't allowed to exist.
The world's economy is deflating faster than footballs used by the NE Patriots. If you consider that the GDP number includes all economic activity including the Fed's actions of buying US debt then that number is astoundingly low. The Keynesians have to be ****ting bricks right now. Europe is going down. Japan and Abenomics is going down. China is going down. Keynesian economic policies have failed miserably and totally.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
WHAT!? Socialism sucks! Oh no, say it ain't so!!!
Put a lid on it! Kiss it goodbye. We gave it away, and apparently thought it made sense to do so.
"The Keynesians have to be ****ting bricks right now." HAHAHAHAHAHAHAHAHAHAHA STOP IT YOU'RE KILLING ME. Where do you get this crap at? You have brain damage. Europe, Japan and China are going down? China 7.3% gpd in 2014, projected to be 7.0% in 2015. Japan to grow slightly in 2015. Europe has embraced austerity and it is killing them. 6 -7 years ago conservatives screams lets be like Ireland, Spain and Greece. Greece who just voted out the austerity crowd for KEYNESIAN's economy is at 30% less that pre-recession levels. Germany who embraced austerity is now seeing the effects of those policies. So much for austerity.
Ah yes, the last gasp of the Keynesians:"It will work if you just create enough debt and keep spending more money".
Borrowing your way to prosperity. What a bunch of clowns.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
HAHAHAHAHAHAH ASSCLOWN, Keynes economics works. Go look at germany gpd from 2010 to 2014 it's been FALLING. .4% in 2014 The US gpd growth rate? RAISING. 2.4% in 2014 6 - six - times higher. You have no evidence whatsoever to support your contention. Every country that embraced or had austerity forced down their throats is now paying the price for it. The austerity crowd mantra is you just wait, you just wait, you just wait. Has inflation taken off like all conservatives predicted? NO. Is the economy not growing unlike all conservatives predicted it wouldn't. NO. Anybody who is not reading atlas shrugged, follow laffer or wanniski nor listens to ANY republican knows borrowing is suppose to be temporary until the crisis passes then surpluses are to pay the money back. You need to talk to your own party about the paying it back part.