by LiberatedWoman
Apr 08, 2011 | 1818 views | 12 12 comments | 35 35 recommendations | email to a friend | print | permalink
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Didn't the Republicans learn anything the last time that they shut the government down?

Those who cannot remember the past are condemned to repeat it.  -- George Santayana.

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April 13, 2011
How is it that both sides, I mean the fifteen or more sides of the budget debaters, budget BS'rs and budget idiots have not comer up with the obvious:

Here's how to cut the debt by 7.5 trillion dollars in ten years:

1. Reduce defense spending by 50%

2. End the Bush tax cuts

3. End the wars in Afghanistan and Iraq

4. End oil subsidies

Simple enough. Someone should have asked me earlier.
April 12, 2011
I agree that economics is not an exact science. New technology or natural disasters throw any forecasting business models into the crapper, and so-called experts find themselves scratching their heads. We know that the capitalism has always been a series of great economic growth followed by a panic - which sounds too emotional, so let's call it a depression. Having bad memories of soup and bread lines, let's try calling it a recession - just a little blip of an economic downturn.

The only place to go is back in time. What did we do then to get us out of the mess called the Great Depression? Let's compare Hoover, who is blamed for doing all the wrong things, and Bush, whose policies many want to return to.

A deteriorating economy under Hoover and under Bush was due in large part to a lack of action by both presidents. In both cases, their refusal to act was motivated by a hands-off economic ideology and an unconditioned faith in the power of the market to self-correct. The little action taken by both leaders either lacked the force necessary to avert an economic downturn or was aimed at helping businesses rather than individuals.

President Hoover’s economic policy took three basic forms:

• Influencing the economy through voluntary coordination with businesses rather than direct government action

• Opposition to direct assistance to individuals

• Government aid to protect businesses from the effects of the Great Depression

All three policy positions and policy actions did little or nothing to help brake a falling economy throughout Hoover’s term in office.

Later decisions to help businesses directly and toss a little federal money into public works projects were more than offset by Hoover’s determination to cut government spending as the Depression accelerated late in his term. Committed to preserving the gold standard at all costs, Hoover offset falling government revenues with budget cuts. These spending cuts, along with Hoover’s reluctance to provide federal funds for public works projects, deprived the economy of needed stimulus, increasing the length and severity of the Great Depression.

While President Bush in 2008 did sign into law an economic stimulus package that provided tax rebates to individuals—indicating his willingness to, on some occasions, provide direct assistance to individuals—his overall response to the economic downturn follows the conservative logic employed by Hoover.
April 11, 2011
Yea tommorrow is the fifth birthday of Romneycare.Happy Birthday.
April 11, 2011
Savings accounts are not the engine that drives an economy. As an example, the Japanese save a lot, more than almost any other country. Also, Japan exports far more than it imports. It has an annual trade surplus of over 100 billion. Yet the Japanese economy is considered weak, even collapsing. The Japanese don't spend enough.

Americans spend, and save little. Also US imports more than it exports. It has an annual trade deficit of over $400 billion. Yet, the American economy is considered strong and trusted to get stronger.

A nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend. Dr. Jagdish Bhagwati, the famous Indian-born economist stated that Indians wastefully save. Indian leaders are begging their citizens to spend - on imported cars - cosmetics - anything! This, according to the folks who run the world economies will put India on a growth curve.

Personally, I like having money in a savings account and very little in credit card debt. But I'm not an economy.
April 09, 2011
Oh snap, looks like the GOP and Tea Partiers didn't get rid of that Planned Parenthood and EPA this time, did they.

Put this fight in the LOSER column for Boehner and his cronies.

And Heelflair, too.
April 09, 2011
They need to stay focused . Its a budget bill not social issues.No federal funds support abortion duh They never heard of the Hyde bill?