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The Economic Outlook Looks Good, Politics Aside (Huh?)
The Weekly Standard ^ | October 19, 2013 | Irwin M. Stelzer

Posted on 10/22/2013 5:18:44 PM PDT by 2ndDivisionVet

The government re-opened, and there was no default. No surprise. This was the 18th shutdown since 1976, when the current budget procedure was established. The five shutdowns under Jimmy Carter were mostly over major policy issues such as abortion (he was for it) and the construction of a nuclear-fuelled aircraft carrier (he was against it). They averaged 11 days.

The seven shutdowns during Reagan’s presidency were mostly about money, over which it is easier to split the difference, and averaged two days. Compromise is also easier when the Republican president and the Democratic speaker of the House, Ronald Reagan and Tip O’Neill, respectively, share a taste for whiskey and fellowship. So far as we know, Carter did not and Barack Obama does not indulge in either. Nor is either the president or his Tea Party opponents, the latter seemingly intent on losing an opportunity to gain control of the Senate and retain control of the House, inclined to emulate the Reagan-O’Neill approach. Although the warmth of the relationship between these two politicians has reportedly been exaggerated, O’Neill’s son was probably broadly correct when he wrote, “What both men deplored more than the other’s political philosophy was stalemate, and a country that was so polarized by ideology and party politics that it could not move forward.”

Whatever the cause of the 17 previous shutdowns, whatever their length, the nation survived. Divided government, with one branch checking the other, is the U.S. version of European coalition governments, in which the junior members provide a check on the more outlandish desires of the senior members....

(Excerpt) Read more at weeklystandard.com ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: economy; fracking; obama; recession; rosecoloredglasses; shutdown; teaparty; unemployment
I suppose if you live in the beltway, the city or Hollywood, you think that everything is peachy-keen because everyone you talk to is doing just fine. And that mythology (that Chris Matthews is the latest to peddle) about Tip and the Gipper is so much hogwash. They were NOT buddies.
1 posted on 10/22/2013 5:18:44 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

NINETY MILLION no longer in the labor force and the “The Economic Outlook Looks Good”???? Someone needs a refresher on econ 101!


2 posted on 10/22/2013 5:23:00 PM PDT by The Sons of Liberty (Who but a TYRANT shoves down another man's throat what he has exempted himself from?)
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To: 2ndDivisionVet

emulate the Reagan-O’Neill approach
The Democrats hated the fact that Reagan ratted them out. He told the truth about their goals and awakened a sleeping economic giant. You could smell the Raw individualism as people believed in America again. the ‘Progressives’ want the products of such a resurgence but do not want the masses believing in economic freedom that is necessary. Mama shoulda told em they can’t have their cake and eat it too.


3 posted on 10/22/2013 5:24:19 PM PDT by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: 2ndDivisionVet

The Economic Outlook Looks Good, Money Aside.


4 posted on 10/22/2013 7:34:33 PM PDT by Rennes Templar (Seen any scandal headlines lately?)
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To: 2ndDivisionVet

Bring back American jobs.

Stop buying everything imported.

Buy American!


5 posted on 10/22/2013 7:36:38 PM PDT by Cringing Negativism Network
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