Originally posted by RedShirt73
reply to post by inverslyproportional
Take it with a grain of salt. An article could come out tomorrow saying that the Republicans destroyed the economy and the author was basically a Democrat diehard. Both sides are biased towards the other regardless who writes what.
Originally posted by watchitburn
Good job folks. Way to stick it to the corrupt scum.
Keep bickering back and forth about republicans and democrats.
All evidence points to the fact that the economy could have been fixed and hasn't been fixed. In the economy, Obama has been a complete failure. Fixing an American economy doesn't take eight years. That's misinformation and dangerous misinformation at that.
Let's gather some facts. One group that has studied this is the Federal Reserve Bank in Atlanta. Here's what they've got to say:
U.S. history provides no support for linking low employment and high unemployment in the current recovery with the financial crisis of 2007–2008.
How do we compare to other recessions?
Charts 1 and 2 show the U.S. civilian employment rate and total civilian employment. Judging by these measures, the current U.S. recovery is atypical and very weak compared to other post World War II recoveries. As chart 1 indicates, the unemployment rate has remained persistently high since the recession, persistent in a way that did not occur in any other recession since World War II.1 And as chart 2 indicates, employment has leveled off since the recession instead of resuming its typical, continued rise.
Table 1 shows that employment was back above the pre-recession peak in every post war recession except this one within 3 1/2 years from the start of the recession.
Table 2 shows that the GDP had recovered within three years for each of the post war recessions except this one.
Table 3 looks at the Gross National Product for every severe downturn from 1882. It measures how much GNP was lost in the recession, and how much was gained back in the two years after the recession ended. The only recessions in which the GNP wasn't completely recovered was the Great Depression, and this one.
The report concludes with
The recent slow recovery is most similar to the Great Depression. Low aggregate demand for reasons unrelated to the financial crisis may be an explanation for both episodes, but uncertainty and government policies are an alternative supported by recent research on the Great Depression.
For those of you who trust science, let me repeat part of their conclusion. Recent research supports the idea that the Great Depression and this Great Recession can be explained by uncertainty and governmental policies.
Originally posted by camaro68ss
Democrat Policies/ Liberal Policies destroy all civilizations. They destroy the civil society and the economy falls with it.
collapse of the Civil Society = the Collapse of the Economyedit on 27-3-2013 by camaro68ss because: (no reason given)edit on 27-3-2013 by camaro68ss because: (no reason given)
Robert Moon is an award-winning researcher, published author, and former Regional Coordinator for the Tea Party Patriots. He has organized for conservative causes and candidates for the last fifteen years, is a former Precinct Committeeman and is currently stationed overseas.
Originally posted by rickymouse
The economy was not destroyed by democrats. It was destroyed by congress allowing risky and idiotic policies concerning the economy to exist. The government should have never let our jobs leave the country, free trade seems only to profit a few powerful individuals. The rest of us got screwed.
Originally posted by MOMof3
I cannot believe that intelligent, logical thinking people believe that homeowners can bring down the whole world economy. If you can't figure out the 2008 collapse was about the wars and their coming to an end and now it is time to pay the piper, you are going to feel real foolish when history finally shows it.
Originally posted by Pladuim
President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone).Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.
Originally posted by GArnold
reply to post by Pladuim
The examiner is hardly a decent source. Fact is the Wars in Afganistan and Iraq have cost 1.4 trillion dollars so far. Iraq alone was costing 300 million a day. The Pentagon on Sept 10th 2001 announced they had lost 2.1 Trillion dollars. The deficit currently is 16 trillion. 1/5th of that can be traced directly to Bush and his "policies". I remember as well the stock market crash happened at the end of Bush's term and had nothing to do with Democratic policies.
Hell yes I blame Bush.