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To: TheWriterTX
Sorry, though, I'm sick of the lie that this is all Obama's fault; or the flip side, that if we elect a Republican things will magically get better. They won't. The next President will inherit a financial graveyard. There isn't a policy change on the planet that will fix this.

Sure there are, as long as your goals are realistic (IOW, no 'instant fix' to 5% unemployment within a year)and policies are sensible - reducing corporate taxation, deficit spending and government waste will make dramatic economic improvements if done competently - both our neighbors Canada and Mexico are doing much better than the US relatively speaking at this point in time with more sensible fiscal and monetary policies.

People were saying just about what you were during Jimmy Carter's latter days, and looked how that turned out after a year or so of economic austerity. To say that the US is in some sort of unique economic 'graveyard' is basically only defeatism.

11 posted on 04/29/2012 11:05:30 PM PDT by Post Toasties (Leftists give insanity a bad name. 0bama: Four years of failure and fingerpointing.)
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To: Post Toasties
Not defeatism. Realistic. The wealth contraction isn't limited to one sector of one economy; it's global.

Even IF we can right our ship of state, the rest of the world is tumbling around us.

In short; it's a depression, folks, not a recession. The sooner we accept that, the easier it will be to mop up when the contraction is complete.

42 posted on 04/30/2012 2:33:06 PM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: Post Toasties
Not defeatism. Realistic. The wealth contraction isn't limited to one sector of one economy; it's global.

Even IF we can right our ship of state, the rest of the world is tumbling around us.

In short; it's a depression, folks, not a recession. The sooner we accept that, the easier it will be to mop up when the contraction is complete.

43 posted on 04/30/2012 2:33:21 PM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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