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Been in a coma?....Just wake up, Paul?..........
Recession = when your neighbor is unemployed.
Depression = when you’re unemployed.
I have never believed a word Krugman said in the past, why should I start now?
I contend that the term “Nobel” in front of the word “prize” has the worth of a two-day old roadkill - if the prize is associated with something other than science.
My two prime examples: Kook Krugman and the Cretin-in-Chief have received prizes and both are demonstrably sub par in intelligence and achievement.
WE ARE IN A DEPRESSION... WE HAVE BEEN IN A DEPRESSION AND WE MAY NEVER CLIMB OUR WAY OUT OF DEPRESSION.
LLS
“’It’s not as bad as the great depression’ isn’t a great campaign slogan...”
Why isn’t it as bad as the great depression? What’s different this time around? Why, we didn’t let the market crash. We didn’t let things go down, we supported them, kept everything with it’s nose above water.
That’s great for those on the risky end of the curve for investments. We sneer sometimes at those in the pool of investment who have been lifted up to keep them from drowning.
Only problem is: They did it by flooding the market. The water’s rising for all of us, and there’s nothing left to ‘lift’ us up. We can’t ‘switch on the great works’ economy generator as we didn’t let all the inefficient companies die. We didn’t have wholesale culling of the union fed public employee unions - opening that market to lower wages and more employment, so that’s another anchor around our necks.
If Washington tomorrow decided to spend a trillion dollars to ‘bootstrap’ the economy, all that would happen is the same bad companies would get the same contracts they would have gotten before, only it’s being called stimulus now.
We have to let things get worse before they can have any hope of getting better. It means killing the beast called ‘public employee union’, it means culling out benefits, and returning welfare to where it belongs, a private social program run by service groups, including that embarrassment of standing in line for hours for free food.
We have to give people a reason to want to make things better. Or this slow flooding of the market will drown each and every one of us.
Go blind squirrel, go!
Obama: The private sector is doing fine.
But then, Obama’s perspective is one that compares the economy of the U.S. against the likes of countries which he is best familiar with, like those of Africa. In comparison, the U.S. is many times better than that of Venezuela or Cuba or Greece or Italy or Spain or Ireland or North Korea or Kenya or Somalia. And so, when Obama looks at our economy, we are “doing fine”, but, he’s not looking at what this country once was or could be.
FDR took Hoover's Recession and turned it into a 10 year Depression.BHO has taken Bush's Recession and is turning it into a 10 year Depression.
Both FDR & BHO are students of Keynes. They will get the same results.
Maybe so but all Obama’s liberal expert economists agree that Obama’s depression would have been MUCH WORSE if he didn’t run up 4+ T $ of nation debt and spend it on his base public union supporters.
Re-Elect Obama 2012 because HIS depression could have been even worse.
Where we differ, violently, is the solution.
Krugman believes taxing and spending will help it.
I believe taxing and spending will hurt it.
I’ve been doing a little research on the “Third Way” movement and I am persuaded that the “Third Way” Democrats are moving to unseat Obama, if not at the convention, in 2016.
They may be thinking that it will be impossible for Romney to make much progress in the economy in four years, with the damage that Obama has done and besides, Romney is a Third Wayer, himself. But they are definitely moving to disavow Obama and the Obama supporters are having a fit.
The old Democrat leadership council didn’t go away, it morphed into The Third Way, with Evan Bayh playing an important role. They are the Hillary Clinton wing of the Democrat party, the triangulators, the compromisers, for whom the hard choices that result in compromise are simply considered “false choices.” (Jonah Goldberg - Liberal Fascism)
This is an important movement that most of us have been ignoring because we were so distracted by the over-reaching of the Obama administration on all fronts and the seeming unity of the Democrat party. It was an illusion. The Third Wayers were simply sitting back and waiting for him to fail because they knew he would.
It is the Third Way that the far left labels as “corporatists”. The far left fights the Third Way segment of the Democrat Party the same way that Republicans fight the Libertarians. The problem for the Democrats is that by pushing the far left agenda so hard, they pushed the middle of the road people right into the Republican voter block.
I’m pretty sure that Mitt Romney is a Third Way guy. His political record is just about a clear definition of the “Third Way”. Even his position on health care is a Third Way kind of compromise - Give the voters what they want. If you can’t beat them, join them. That’s what is meant by a “false choice”.
The only way to deal with Mitt Romney is to keep the pressure, don’t ever let up and let him know that he wasn’t elected to compromise with the left.
...well they’ve been trying very hard to get us to depression status, so I’m sure Krugman is very proud.
Liberals love poor people: why do you think they make so many of them?
Somebody just threw ‘Bammy under the bus....