[OH Democratic Governor] Strickland: It hasn't been this bad since Hoover

The Columbus Dispatch ^ | December 15, 2008 | Mark Niquette

[Star Traveler]

You said — “Unless we have hyperinflation. Then all of us are screwed, employed or not.”

I think almost everyone would rather deal with the issues related to inflation than the issues dealing with drastic deflation. That’s a nightmare for most people...

I actually think that inflation can be managed a lot easier than an economy that is free-falling into drastic deflation. AND..., that’s exactly what the government is doing now... “inflating”... which I think it should... (just shouldn’t go into hyperinflation).

But, I was around before, when we had inflation at much, much greater rates than they have been in a long while. It’s got a ways to go before it gets there. I don’t think we’ll get into hyperinflation.

[xzins]

The truth is that the nation was in far, far worse shape at the end of and immediately following the Jimmy Carter years. Carter was a disaster. Jobs lost, huge unemployment, huge inflation, huge gasoline cost, huge interests rates....it was terrible and the numbers prove it.

The truth also is that Strickland has had 2 years to do something in Ohio and he’s totally failed.

He did nothing to prevent the loss of DHL and thousands upon thousands of jobs.

He did nothing to prevent the loss of the Batavia Ford plant.

He did nothing to prevent the loss of the Dayton GM plant.

He did nothing to prevent the loss of the S.Ohio Westec plants.

He’s done nothing to bring down the historically high taxes.

He’s announced a huge budget shortfall....and will probably want more TAXES.

He’s a disaster,

but he’s a democrat,

so the media

will cover for him.

[chimera]

Strickland is the Governor. It's his ballgame. If the state is in trouble on his watch, it's on him. All he's done is blame Bush and the ‘Pubs, plus spending a lot of time on the campaign trial for Obortion this past election. While he was doing that, jobs were leaving the state in droves. Instead of campaigning for Obortion so much, maybe he should have been doing his job. Isn't that a novel thought?

[Eagle of Liberty]

"I will deal with the circumstances as they unfold and will make whatever decisions are necessary to see that we have a balanced budget while maintaining essential services for our people,” he said.

Does this mean that he will also LOOSEN UP REGULATIONS so that Ohioans can use the STATE'S resources to generate some extra revenue?!!

I highly doubt he has as much spine standing up to the Enviro-wackos as he does placing another tax on an already overtaxed population.

[Eagle of Liberty]

Every time I hear someone say that it hasn’t been this bad since Hoover, I remind them about Roosevelt.

And how come these politicians pass right over Carter too? Oh yea, he's a rat.

[Eagle of Liberty]

You forgot our wonderful, Great Friend of ACORN, Jennifer Brunner. Speaking of ACORN, anyone hear how some of those cases against ACORN are going? NO? Me neither.....

[CottonBall]

What happens when we have deflation? I mean, what economic factors are in play then and how does it affect the people? Falling prices, on the surface, doesn’t sound bad.

I was more worried about hyperinflation, where inflation voer 3 years exceeds 100%. I thought that’d be much, much worse, like in Germany pre-Hitler, where people couldn’t even afford food.

But I’m probably not seeing the big picture on deflation.

[Star Traveler]

I think deflation is the worst nightmare (overall in the entire economy) that the government and other normal people could ever have. That’s a nightmare situation. That’s why everyone in government is willing to go along with huge bailouts to prevent deflation from happening. They’re going to prime the pumps big time... hoping to get only minor deflation (which we’re getting already)...