We've been in recession for over ten years

[lawgator1]

This is an excellent article mapping our the structural problems in our economy which, combined with globalization and technology, is the reason why we are in this terrible fix.


The real recession never ended - 1 - US economy - MSN Money

 

[MG1968]

so it's still all Bush's fault?

gotcha

 

[KiffinKiller]

duh.

 

[BigPapaVol]

There is no getting around the impact that the US leading globalization has had upon employment and wages. Or wages were artificially bloated by fixed level of competition and limited supply. Opening the gates to billions willing to work for free has changed my view on purely free trade.

Nickbakerld or whatever he is just passed out and started mumbling meaningless basketball stats.
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[sjt18]

There's no question the current problems are bigger than Obama. They started well before Obama. For that matter, most have their roots in the "glory days" of Clinton or even all the way back to the Great Society expansion of social spending.

The problem is that Obama has doubled down on the very same ideas that got us to where we are. He either does not understand economics or Limbaugh is right and he is intentionally sabotaging the economy. Either way... he continues to propose things that will do more harm.

 

[theFallGuy]

this topic has officially been nailed and answered, next!

 

[KiffinKiller]

Did you just blame Clinton for the economy? Isn't that the partisan equivalent of blaming Bush?

 

[MystifyingVol]

There's no question the current problems are bigger than Obama. They started well before Obama. For that matter, most have their roots in the "glory days" of Clinton or even all the way back to the Great Society expansion of social spending.

The problem is that Obama has doubled down on the very same ideas that got us to where we are. He either does not understand economics or Limbaugh is right and he is intentionally sabotaging the economy. Either way... he continues to propose things that will do more harm.

Doesn't it really go back to FDR and the New Deal?
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[volinbham]

Actually, you can trace it back to Ogg (likely the most liberal guy in the cave)

 

[RespectTradition]

Doesn't it really go back to FDR and the New Deal?
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The structural problems start there. Unless you count the vast expansion of federal power that Lincoln perpetrated.

 

[vols_fan_68]

I just want my "cost of living" raise dammit
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[trevols81]

There's no question the current problems are bigger than Obama. They started well before Obama. For that matter, most have their roots in the "glory days" of Clinton or even all the way back to the Great Society expansion of social spending.

The problem is that Obama has doubled down on the very same ideas that got us to where we are. He either does not understand economics or Limbaugh is right and he is intentionally sabotaging the economy. Either way... he continues to propose things that will do more harm.

"Glory days" = federal surplus? I will take that all day every day.

 

[Gramps]

so it's still all Bush's fault?

gotcha

It wasn't very smart to start 2 wars and cut taxes.
It's common sense to understand if you are going to drastically increase expenditures, you cannot cut revenue.
It is not all Bush's fault but he did contribute to the problem.
Clinton did not help things either with NAFTA.
There is plenty of fault to go around with both political parties.
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[sjt18]

Doesn't it really go back to FDR and the New Deal?
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Probably back to rise of Progressivism in the early 20th century that got its first big coup (literally) with the passage of the income tax amendment.

At least then they... or maybe the people... had enough knowledge and respect for the USC to go through the motions of changing the "LAW OF THE LAND" in reality before changing it in practice.

 

[sjt18]

"Glory days" = federal surplus? I will take that all day every day.

The Clinton Administration expanded provisions of the Community Reinvestment Act that forced banks to make more risky loans for the express purpose of increasing home ownership. The risk of those loans was thought to be solved by bundling them together... that bundling turned out to be a direct cause of the collapse of the housing bubble.

 

[sjt18]

It wasn't very smart to start 2 wars and cut taxes.

Except for the fact that those tax cuts resulted directly in an increase in revenues to the federal gov't. You can go back and look at the real numbers yourself if you are open to the truth.

It's common sense to understand if you are going to drastically increase expenditures, you cannot cut revenue.

He didn't. He expanded revenue with the tax cuts as people got back to work and business activity increased.

It is not all Bush's fault but he did contribute to the problem.

Absolutely but not by cutting taxes. That's the one beneficial thing he did. His expansion of social programs and gov't spending however were a significant contributor... that's how he earned the monicker "big gov't conservative".

Clinton did not help things either with NAFTA.
There is plenty of fault to go around with both political parties.
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NAFTA was poorly done. Trade was needed but the terms gave too much away with not enough in return.

 

[tri_vol]

so it's still all Bush's fault?

gotcha

Does Bush = Fulmer?
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