GDP Growth Anemic

#26
#26
volinbham said:
what were the Bush policies specifically that led to the recession and what was the mechanism(s) by which they operated?
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the question that never, ever gets answered.

I'm not a Bush fan but we continually here about these "policies" and how bad they were but no one seems to be able to link policies to the economic situation.
 
#27
#27
TruthIsOutThere said:
Does anyone thing that either Obama or Romney will fix this? The longer this lasts, the longer I think we're looking at another 5+ years before natural business changes pull us out of this.
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Yes I do. Obama wants Obamacare and to raise taxes. During the great depression, we had a couple of years of growth similar to what we've had since 2009-2012, but in 1938, Social Security started and taxes were raised which caused another recession. If it wasn't for WWII, who knows how long that recession would've lasted

We are walking into the exact same situation (minus WWIII to save us)
 
#28
#28
volinbham said:
Agree that the majority of the fix is out of the hands of the government and POTUS in particular.

I do think that the government can impede (as in currently) or get out of the way (hopefully more of what Romney would do).

The stimulus was poorly designed, the ACA introduced massive uncertainty, regulatory action and rhetoric likewise have resulted in uncertainty and finally the demonization of capitalism has resulted in uncertainty.

A change in tone could be pretty significant.
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The last time we had a tone of higher taxes on the wealthy and more regulation was under Clinton and the economy was booming.
 
#29
#29
lawgator1 said:
The last time we had a tone of higher taxes on the wealthy and more regulation was under Clinton and the economy was booming.
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Simplistic view. We can argue whether the rate should be at 36%, 39%, etc. The main factor that helped the economy under Clinton was that his policies prevented people from receiving handouts permanently. It put more taxpayers into the system, thus creating more revenue.
 
#30
#30
volinbham said:
the question that never, ever gets answered.

I'm not a Bush fan but we continually here about these "policies" and how bad they were but no one seems to be able to link policies to the economic situation.
Click to expand...

Sorry man, I am on vacation in SC and it is tough to get internet service in Ocean Lakes!!! Sorry, I will get to this, I promise. I do not have any of my degree research with me. So sorry, I maybe can give you everything from memory. Let me get back to you. Again, I am sorry!!!
 
#31
#31
volinbham said:
the question that never, ever gets answered.

I'm not a Bush fan but we continually here about these "policies" and how bad they were but no one seems to be able to link policies to the economic situation.
Click to expand...

I can give you the elementary version if you want me to do off of the top of my head? Let me know.
 
#32
#32
lawgator1 said:
The last time we had a tone of higher taxes on the wealthy and more regulation was under Clinton and the economy was booming.
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Are you in Law School at Florida? I was excepted there but chose UTK over Florida. Money, and Clinics caused me too make the choice. I had offers from other schools too but Florida is attractive for many law students.
 
#34
#34
lawgator1 said:
The last time we had a tone of higher taxes on the wealthy and more regulation was under Clinton and the economy was booming.
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You do remember what happened to the economy in late 1999/2000/2001 before we changed tax policy I assume?

Actually, we had higher taxes on EVERYONE and there is more regulation today then there was during the Clinton era. So the "tone" you speak of isn't exactly how you remember it.
 
#35
#35
I know what'll fix it! Another round of QE! The third time's the charm! This administration is piddling around with it's finger in it's nose.
 
#38
#38
Vols JD said:
Are you in Law School at Florida? I was excepted there but chose UTK over Florida. Money, and Clinics caused me too make the choice. I had offers from other schools too but Florida is attractive for many law students.
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you must have crushed the LSATs.
 
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#40
#40
BigPapaVol said:
you must have crushed the LSATs.
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NA, I just had (and have) great softs and a 4.0 in my undergraduate work. If I would have crushed the LSAT's I would have gotten money from Washington and Lee instead of an accept with the full bill (about 200,000 in the end) I was accepted to many schools but UTK is the best for me!!!
 
#43
#43
Vols JD said:
Are you in Law School at Florida? I was excepted there but chose UTK over Florida. Money, and Clinics caused me too make the choice. I had offers from other schools too but Florida is attractive for many law students.
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If you manage to graduate and pass the bar I would strongly suggest that you get a top notch paralegal to write for you.
 
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#45
#45
dereglate and that will fix alot.

I know I'm just the guy that actally throws out facts that we business owners have to deal with everyday bt the reglations are getting insane.

Now we have to check to make sure our employees are legally here. Cant jst take their license and social security card and have them fill out a w4. no we have to log into a website and actually make sure they're legal.

Dude its really easy to tell who is an illegal American. They're the ones working while the real Americans are out taking another smoke break and *****ing about their jobs.
 
#46
#46
NEOCON said:
Dude its really easy to tell who is an illegal American. They're the ones working while the real Americans are out taking another smoke break and *****ing about their jobs.
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Are you an illegal?

I thought I read that you work hard and put in long hours, must not be a real American.






jk Neo... I thought you were basking in the sun playing with baby pythons this week.
 
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#47
#47
volinbham said:
the question that never, ever gets answered.

I'm not a Bush fan but we continually here about these "policies" and how bad they were but no one seems to be able to link policies to the economic situation.
Click to expand...

it's sort of funny how the only "answers" you have received thus far are "sorry, I'm on vacation, but I'll get back to you soon."

Not even lawgator has chimed in with specific Bush-era policies that led the the recession.

funny how that always happens
 
#48
#48
Interesting tidbit: Thomas Sowell said that income among the top 1% has fallen by 36% since 2007. Income among the bottom 20% has fallen by just 5% in that same time frame.
 
#49
#49
n_huffhines said:
Interesting tidbit: Thomas Sowell said that income among the top 1% has fallen by 36% since 2007. Income among the bottom 20% has fallen by just 5% in that same time frame.
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Income dropping by 5% on the bottom 20% along with rising cost of gas, electricity, groceries etc has a huge impact on the poor.

5% drop in income doesnt sound like that big oft a deal but when someone is not making anything begin with it hurts big time.
 
#50
#50
Gas prices are still way down from 2005 where I've seen. Groceries are getting more expensive?

The point isn't that you should feel sorry for the 1%. The point is there is a lot of fiction to this class warfare we got going on.
 
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