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First recorded activity by BoatBanter: Feb 2012
Posts: 880
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Why Republicans Have it Wrong on the Economy
On 5/29/2012 10:40 AM, iBoaterer wrote:
In , says...
On 5/29/2012 9:47 AM, iBoaterer wrote:
Simply and well stated facts.
Why Republicans Have It Wrong on the Economy
Guess what? Europe is officially back in a recession. Unemployment is
up, profits are down. But not here in America. Not yet anyway. And the
reason? While European countries inflicted huge cutbacks in government
jobs and services, American government invested in the private sector.
True, government jobs and services are on the downturn in the US, but
the difference is that while Europe exercised austerity measures,
America had a stimulus package.
Despite the hand wringing and protests from the right, the federal
government single-handedly saved the American auto industry. Had the
Republicans been in power in 2008 we would no longer have an auto
industry in America today. And millions more would be out of work.
What concerns me is that this could have a ripple effect on our economy.
Will Europe?s economic woes, based on Republican ideals of economic
austerity, translate into a recession here, despite our best efforts to
create an economy that is slowly but surely improving?
And Americans need to ask themselves if they are better off now than
they were at the end of the Bush regime. A regime that seems to have
brought down the world economy in the blink of an eye. They need to ask
themselves that question, because the answer is invariably ?Uh?.yeah.?
Had a terrible time with the heat this weekend celebrating Memorial day
at the Race Track. It was hell camping and racing for the day... How was
your weekend?
It was fine. Cooked ribs and chicken for an informal type of cul de sac
party.
While you were celebrating cul-de-sacs, the rest of us were observing
Memorial Day.
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