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Gates urges veto of troop-rest measureAsian chicken and orzo saladBeer-in-the-rear chickenMali president beaten during palace occupationPolice release 911 calls reporting missing Arizona girlProtesters begin biggest anti-NATO rally in ChicagoObama stands by hits on Romney's Bain Capital daysU.S. Senate approves new Iran sanctions billJury reconvenes in ex-Senator Edwards' trialPart 4: In the end, it all comes back to garbage
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Following the same methods of Obama, will certainly spell ecomomic disaster for Japan and any other coutnry that follows this path.
Well, actually we've been following Japan's footsteps in terms of long-term recessions... since the bubble pop'd in the early 90's, they've been stuck in a recession.
Keneysian economics are designed for a small recession. Government spending cannot replace spending by the people in the long run. Witness Japan, they were first. Greece, the U.S. and most of the western world will crash and burn economically at the rate we are going. Crisis by design. GDP = consumer spending + government spending + (exports - imports). Government spending beyond taxes collected is debt. We are now in 17 TRILLION dollars of debt in the U.S. Obama has created more debt in two years than ALL the previous presidents combined. He is selling out America to the radicals who will scream if you try and take their entitlements from them. Civil war will be the only solution thanks to him.
Wrong. Government spending in a recovery is not MEANT to replace consumer or any other spending, except in the very short-term, as an emergency measure. It is designed to spur consumer and business spending later on, not replace it. And, it has already worked. The economy is sputtering, but it's still expanding but that's far better than where we would be without Obama's efforts toward bolstering the economy. Can't argue with success. Not everyone feels the recovery yet, but that's the way recoveries go, each and every time we have one.
So, it sounds to me like you've only done part of your homework, not the whole lesson. Namely, you did the part that you wanted to do, while ignoring the part that isn't exactly what you want to learn. It's all right in front of your eyes; all you have to do is open them.
I don't know where you get your facts aqua but the banks aren't lending anymore and I don't think they ever will again without spotless credit. They got the message loud and clear, when government says *go ahead and make housing loans, fannie and freddie will back you up*. There isn't a bank out there EVER going to believe the govenment again. This is how it was before Clinton and then Barney Frank who forced the issue years ago.
The message is loud and clear to the world. Investing in America is risky. They make rules we follow and then rip the rug right out from under you.
Same with the oil companies leaving the gulf. They will never come back after decades of safe drilling. One incident in 6 decades and american over reaction will result in less investment in the US and higher oil prices all over fear.
Spot on Lao. Looks like you've done your homework.
aquatone; "it has already worked?" You're not serious right?
let them fight it out in a huge kung fu tournament.