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To: SeekAndFind
The 0bama policies are turning a 1-2 year recession into a 10-20 year depression. On purpose.
Even though the slowdown began late in Bush's second term, I sensed the cause of the downturn was in no small part because people in the market saw what was coming, they knew that an 0bama presidency would be bad for the economy.
I've often seen the market react stronger on anticipation or dread of future events than the actual event.
Normally the market corrects itself after the fact, but this time the gov't policies did everything to fuel a continued down trend. On purpose.

15 posted on 06/10/2011 7:30:44 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: BitWielder1
The 0bama policies are turning a 1-2 year recession into a 10-20 year depression.

Obama (as all liberals do) tried to have his cake and eat it too.

He believed the Keynesian claptrap about government spending stimulating the economy. To please the left, he introduced Obamacare (which anyone with even half a brain) knew would negatively impact the economy and drive jobs overseas. To please the left, he introduce all this green jobs technology, which since it costs more to make than it sells for, is a job killer - you can never improve a system by introducing an inefficiency into it. Add in anti growth regulations and you have quite a few anchors holding back the economy.

Obama thought the stimulus and quantitative easing would be sufficient to overcome these anchors and the economy would improve. In other words something for nothing - which is the basis of Keynesian stupidity.

All the stimulus did was provide a sugar high - temporarily keeping teachers and government employees on the job for one more year and quantitative easing is nothing more than a backhanded way of increasing our taxes via inflation.

19 posted on 06/10/2011 7:44:53 AM PDT by CharacterCounts (November 4, 2008 - the day America drank the Kool-Aid)
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