Posted on 04/25/2010 5:13:18 PM PDT by luv2ndamend
All is well. Reuters declared that the US is experiencing a "sturdy recovery". This is the same phony news agency that used to choke on the word recovery when used by the Bush administration. Now some American conservatives are warning that Republicans are being dangerously bearish on the economy, that there are signs, weak as they are, that a recovery is underway. Matthew Continetti of the conservative Weekly Standard states that the "natural tendency of economies is to grow". Nevertheless, he seriously questions whether Obama would now benefit from a recovery.
Unfortunately most conservatives remain as uninformed about economic history and economic theory as the vast majority of Democrats. If Mr Continetti were to enlighten himself — even casually — on these subjects he would quickly learn that there is nothing natural about economic growth. If such a tendency existed then mans history would not largely consist of abject poverty and one where it was only possible for only a handful to enjoy a very high standard of living.
(Excerpt) Read more at brookesnews.com ...
We are experiencing economic manipulation on massive debt. I have no clue how long the government can prop up the economy on this debt. I am always early in thinking the ponzi schemes will collapse. Maybe they can prop up the economy right through the 2012 elections. I doubt it, but honestly, I just have no clue.
All I know is, the economy will collapse again when all of the new debt is called in or stops moving. The debt will push up the economy, but when the debt adding momentum and the economy stops growing, the economy will collapse again, only worse than the last time.
We can fix that by legalizing more border jumpers. The future for young black men is getting dimmer and dimmer what with Black leaders like Sharpton flaking for the border jumpers.
You’re forgetting all the TARP money being shoveled into the economy to prop up the RATs this November. When that runs out, it’s game over, but not until then.
Well, you and I can talk about it; the media will pay 10% unemployment no mind. Grrrrrrr!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.