posted on Oct, 14 2012 @ 05:59 PM
Originally posted by Summerian
"Is Obama Running Out of Ammunition Against Romney?"
No, he can't. The GOP is full of people doing their best to ruin it for Rmoney.
And the GOP is still pretending like deregulations has nothing to do with the US recession. The aliens did it?
Both parties are talking like there is nothing they can do about the deficit and debt.
Hmmm all 47 of US recessions or just this one ?
There have been as many as 47 recessions in the United States since 1790 (although economists and historians dispute certain 19th-century
recessions). Cycles in agriculture, consumption, and business investment, and the health of the banking industry also contribute to these
I think liberals are whining about deregulation because they continually want more regulation of everything in our lives. It makes them feel safe to
have the govt controlling everything.
Next, exactly which deregulation of which thing is the cause? Because the housing market dropped like a rock, and what was the cause of the
Fannie/Freddie debacle? How about Bwaney Frank and his grubby fingers in the pie telling everyone it was alright, how about the Clinton admin forcing
banks to lend to people? Was that regulation, deregulation, loss of oversight, or Nanny Statism govt interference? Then there was the issue of hedge
fund people manipulating the market. That was due to changes in laws regarding uptick rules and Soros and others like him were mostly responsible for
raiding the market.
But what causes recession? You can blame parts of the crisis on all of the above, but Investopedia says that inflation is mostly the cause of
recession in general, and as we have seen there have been 47 of them since the Founding of America.
According to the National Bureau of Economic Research (NBER), recession is defined as "a significant decline in economic activity spread across
the economy, lasting more than a few months, normally visible in real gross domestic product (GDP), real income, employment, industrial production and
wholesale-retail sales". More specifically, recession is defined as when businesses cease to expand, the GDP diminishes for two consecutive quarters,
the rate of unemployment rises and housing prices decline.
Many factors contribute to an economy's fall into a recession, but the major cause is inflation. Inflation refers to a general rise in the prices
of goods and services over a period of time. The higher the rate of inflation, the smaller the percentage of goods and services that can be purchased
with the same amount of money. Inflation can happen for reasons as varied as increased production costs, higher energy costs and national debt.
Notice it also talks about debt. So Stimulus spending, baillouts, and general overspending by the govt, endless printing of money... not helping...
edit on 14-10-2012 by ThirdEyeofHorus because: (no reason given)
edit on 14-10-2012 by ThirdEyeofHorus because: (no reason