RadiomanATL
Senior Member
To be fair to Radioman, his only argument is that certain people were using the July numbers to tout the effects of stimulus. While I think the stimulus is and will continue to have a positive benefit, that line of reasoning was very short-sighted.
Pretty much. And if people have been paying attention I have already stated that this is still "Bush's" economy, if any president's name can be placed on an economic period. I have also stated that a president has very little effect on the overall economy, and almost zero in the short term.
It's always the unintended consequences of economic policies that come 'round years later to bite us in the ass.
Edit : As a matter of fact, IMO we are just now into "Bush's" economy. Keep in mind that I used " ".
Golly... That sounds so enlightened... The thing is that Bush's economic policy was that of the CENTRIST... He cut taxes, towards respecting Conservative policy and he implemented MASSIVE quanities of social spending; the largest increase since 1967... to appease the Left.
Now there is no means for cutting the liability to the market; through in Bush's case, the across the board cutting of income taxes... and in reducing regulatory liabilities... to promote a reduction in the work-force... in point of fact, such policy can only promote the precise opposite... And I doubt that anyone would argue that in terms of ideology; such policy is a trait of the ideological right; AKA: Conservative policy; OKA: American policy...
Thus, it is a certainty that the Conservative elements of Bush's policy did not result in ANY even POTENTIAL economic downside...
However, the enormous expenditures relevant to the MASSIVE increases in Social-entitlement spending; which necessarily includes the absurd levels of irresponsibility of the Leftist Legislature with hundreds of BILLIONS in earmark spending... ADDED to the RIDICULOUS Marxist Policy instituted by the Federal Reserve and the Leftist Legislature that forced the Mortgage industry to set aside actuarially sound lending policy; which busted the mortage/real-estate industry... caused the economic crash and the Socialist BAIL-out only made matters worse.
Unemployment is NOT 'leveling off...' It's not GOING to level off and the reason it is not going to level off is that companies are still SHRINKING. And why are companies still shrinking? Because there is very little if ANY demand for their products... And there is little demand for their products, because there is little faith that the Marxist policies which are being advanced by this Regime will sustain a viable market...
What people are seeing is a Federal policy which punishes production and profit; and where such is discouraged, it ENCOURAGES protectionist policy by those who are being targeted...
So companies will do what they have to do with as few people as is possible... and right now, we're on the verge of another round of layoffs, as companies are finding that demand for their products and services are insufficient to sustain the few employess which they've held on to, in hopes of the recovery which they've been expecting for over a year.
So, sure you can bitch about 'Bush's Economy' as much as ya like... but there is no element of Bush's Conservative fiscal policy which is responsible for any of this...
Your rant has very little to do with what I posted.