Posted on 03/04/2009 9:41:28 AM PST by nosofar
Democrats are taking a gamble. It's still almost two years until the next election. This is plenty of time to come out of recession. I remain optimistic that this will be the case. By the obscene spending now, Democrats achieve a few things. They reward consituencies, increase dependency on government, and consolidate their own political power, all while blaming everything on Bush and Republicans. If they had waited for a few months to do this, they would be taking more of the blame. They'll get away with it, too. Conservatives are helping out by lowering expectations with every hysterical cry that we are heading into a depression or worse. This may or may not be true. If it isn't, all that is accomplished is that the bar will be set lower. If we *don't* go into a depression, Democrats will claim that as success and be vindicated that the massive spending spree is what brought us out (not in spite of it). By the time the next elections roll around, we will probably be out of the recession. People will have forgiven or forgotten the spending binge. The majority of the populace are rather ignorant economically and enough will accept the idea that spending like a drunken sailor is a good thing that this will be come public policy for the future. In 2010, Obama will be re-elected and Democrats will retain control of both houses and Pseudo-Keynesian 'economics' (lipstick included) will become the policy for the next decade.
clearly that’s why they want to push all the crap through “this year”, so it’s a distant memory come election time
Uh.. They are running the ship straight into the iceberg. The chances of a recovery are slimmer every day. Even if the economy does recover don’t forget about the fact we can harp that it will be a “jobless recovery” ,etc.
Not to mention they have plenty more time to overreach and screw up in the next year.
Don't count on it.
This is the BIG GAMBLE, democrats think the economy will bounce back by the mid terms or 2012, Republicans are hoping Obama`s neo-marxist policies will continue to tank the economy leading to landslide victories.
I predict any uptick in the economy will lead to Republicans being the minority for the next 2 generations.
And I just can`t see how the economy will continue to slide for 2-4 years.
Don’t discount the American electorate’s delusion....it’s very strong. The majority still believe that Obama is their savior. And, with equal fervor, they have learned (been taught) to hate Republicans/conservatives.
unfortunately, people have short (very short) memories plus a sitting congresscritter has the edge over an incumbent.
I can. Especially with Obomba and his minions in charge.
Even if we are out of recession (very unlikely), we won't be out of debt.
I can see that happening. Remember, the more the government controls the more lies they can spread. This is fact, people!
Dictators, communists and radical fascists brainwash, pay off and control everything you see and hear. This will cause the average person to believe everything they say. Simple Marxism:
“Tell a lie long enough and people will eventually believe it...”
BTW, once a “lower level” bar or comfort of living has been set, then Americans will be content with less and less...kind of like “pigs in a pen”! as long as they are fed and not bothered they are content...
“....Even if we are out of recession (very unlikely), we won’t be out of debt.....”
So true. BTW, we are still paying off the “New deal” to this day!
I have been researching FDR and his practices, he was a “radical” nut case that had VERY similar ideals as this administration.
However, what he did was give money to the states that he needed votes from to get re-elected.Interesting....buying votes in the 1930’s...go figure!
And I just can`t see how the economy will continue to slide for 2-4 years.
Uh I can.. Obama makes Jimmy Carter look like a genius. I make plenty of money and im not spending a dime for the next two years, with the exception of guns, ammo, rice and beans. No one I know is going to spend any money. The collapse is just getting started friend.
You’re forgetting that, regardless of how much PR and spin may be thrown out there, ultimately reality is going to assert itself. The Democrats are doing everything they can to assure that there will be no recovery, just as they did in 1932.
In two years we will be out of the recession and into the Depression.
I’m guessing it will be over around 2019 or until the next World War starts, whichever comes first.
With carbon taxes, I don’t see how the economy can ever recover as the cost of fuel will be too high to allow the auto industry to recover.
This recession/depression will still be raging in November 2010.
That will mean huge democrat losses but only if Democrats allow Congressional elections and don’t stop them due to a “National Emergency” that requires the full attention of congress critters that don’t want to squander their time campaigning for re-election.
Very likely. That’s why the stimulus spending is next year and Obama is talking down market this year(2009=GWB economy) , so next year the market Rallies’ from low 2000 to 8000 on Obama optimism.
Forget it. This was going to be a major depression anyway. It’s been building for a hundred years.
Obama has just guaranteed that it will last for the next 15 or 20 years.
The only question is whether he’ll be able, like FDR, to blame his disastrous handling of the crisis on his predecessor. FDR made things worse for fifteen years, yet with the help of the press he was able to spin it so he was regarded as the savior of his country. As things got worse, FDR got more and more popular and powerful.
It remains to be seen whether Obama can do that, because unlike FDR he is destroying the country on purpose.
“Democrats are taking a gamble.”
I don’t believe they are taking risk, which is what gambling is. I believe they actually believe in what they are doing because of their perspectives. They are wrong. Most Americans of Conservative values understand the reasons they are wrong.
“.....enough will accept the idea that spending like a drunken sailor is a good thing that this will be come public policy for the future.”
Enough didn’t forget, nor like the drunken spending of the Repubs in 2006 to put the Dems in power so what makes you think the people will accept such behavior as public policy for the future?
So, basically I’m saying to you that I disagree.
It is easy to see US economy in the tank for 5+ years. Banks cannot loan until bad assets (foreclosed homes) are cleared from the books before they can release credit for new loans. Problem we have 4 years worth of foreclosed homes on bank books. About 30 percent are listed on MLS and they are not moving and depressing the sales price of regular homes. The other problem is the average American is maxed out on his credit cards, and 25 percent who own homes have a negative mortgage. The others are maxed out on their equity assuming the price of homes do not decline anymore. Experts say it will take 10 years to recover the lost equity. So how is the consumer going to spend money when credit cards and home equities fueled their spending in the past. Consumers and baby boomers are all going into savings mode. This summer the 5 year balloon mortgages for commercial real estate are due. Malls and office buildings are overbuilt and are suffering from high vacancy rates. Many developers are already late with their monthly payments and most likely will default on the balloon payment due. Our banks barely covered their losses from residential real estate with fed infusion of money will become insolvent again as the commercial real estage mortgages default. Add to these woes is the first wave of unemployed people will reach the end of their unemployment benefits by this summer, thus credit card defaults will rise. Guess who will get hit with additional losses, the barely solvent banks. China a major buyer of US treasuries is in the middle of a decoupling economic strategy by stimulating rural farmers to consume Chinese made goods. China is also redirecting her exports to other cash rich nations who can afford to buy her “junk”. The former Soviet turkish republics, and India are going to be her new cash rich consumer market, and Russia will become her source for oil and military technology as China barters with her cash/consumer items with Russia. About 24 months from now we will know if China’s creation of a Sino economic sphere alternative to US markets is successful or not by how much US treasuries she plans to buy as BO attempts to finance his growing fed programs. If successful China will walk away from the US economic arrangement and buying of US debt because our consumers are broke and our government is broke. The result for the US is hyperinflation.
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