Posted on 04/14/2010 1:02:55 PM PDT by kcvl
Polls say the economy is heading in the wrong direction. Markets say it's back on track. This time, the markets are right.
It's never easy to separate politics from policy, and the past 18 months have only increased the degree of difficulty. The U.S. has been through a historic financial crisis followed by a historic election and a series of historic federal gambles—from bailing out AIG and GM to passing a $787 billion stimulus and a $940 billion health-care reform bill. All that risk has made policy more complicated and politics more fraught ("You lie," "Babykiller").
It is worth stepping back to consider, in cool-headed policy terms, how all of this came to be—and whether the Obama team's approach amounts to a set of successful emergency measures or a new economic philosophy: Obamanomics.
(Excerpt) Read more at businessweek.com ...
The debt over hang is getting rather large for all these cheery scenarios ... But why not, floor it, see when the wings come off.
According to Beck...it’s NOT working. gee, who should I believe?
Someone’s time line is a little out of whack here. The election came after the financial crises? I lost my job after the historic first black president was in office.
Try this asshole, go a a binge...max out everycard you have, get more and max them out. Keep maxing and spending. Things seem great, don't they? Trouble with the plan is that you eventually get caught and the credit stops...
I was considering this the other day. Could it really be we’ve turned the corner or is this an “s” curve in the road?
The surface stuff looks rosy, but the basics are still a mess.
It doesn’t matter what Obama does. Americans aren’t going to stop him. The population of completely idiotic subhumans is rising exponentially.
As long as the federal government keeps the welfare state operating -i.e. food stamps, rent subsidies and Medicaid the wheels of confiscation commerce will rotate.
Taxes in - payoffs out!
The Obama plan isn’t working at all. It is a mess and stalling the recovery.
Ah, yes....the Gimmees
Mike Dorning is married to Courtney Jamieson, the segment producer for “Nightline,” the ABC News late-night program
The Zimbabwe stock market boomed while the country spiraled into disaster
Fame by association? To me more like transfered imbecility via marriage.
Let’s go through this again. What’s different now than in 2007?
High energy costs? Check.
People struggling to pay mortages? Check.
Surging equities market? Check.
Little oversight over securitized paper? Check.
Yep. Everything’s fixed. Go back to your usual lives.
Jobs?
Media incest...
“The Market” is not the economy...................
No one sees any reason to invest risk capital in new business.
The divergence between stocks and the economy is due to the low low interest rates and corporate profits up due to their slash and burn hiring and investing.
This basically says that Wall St. is working while Main St. isn’t....how long do you think that scenario can continue?
A lot of what happens on Wall St. doesn’t require the assistance of a healthy US economy. Foreign stocks and debt markets, for instance. Where else can investors put their money these days?
And remember: GNP=C+I+G+(X-M)
GNP is the sum of Consumer Spending plus Business Investment plus GOVERNMENT SPENDING plus Net Exports (Exports minus Imports). Which of the above do you think is contributing to “growth”?
No jobs means more foreclosures and limited new home purchases. Federal debts will require eventual payments. Higher taxes will crush consumer spending that is already nonexistent. Do the math. As Glenn Beck says.. Use your head. Are you a realist?.. or a fanatic (fantasy) IDEALIST?
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.