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On Fri, 02 Jul 2010 17:22:56 -0600, Canuck57
wrote: On 02/07/2010 3:10 PM, bpuharic wrote: On Fri, 2 Jul 2010 13:27:02 -0400, "Harold" wrote: we need to spend MORE to undo the right wing damage. otherwise we'll never dig ourselves out of this hole the right put us in Where is the money going to come from? The well is dry. cut defense spending by 150B...as conservatives have even recommended... That doesn't even pay the interes ton Obama's $3 trillion. yeah i know. you want 25% unemployment Try hacking $1.5 trillion (and rising). That is where you break even. gee. the biggest spender in history was bush. if he couldnt do it with his marxism for the rich...what makes you think obama can cure what bush destroyed? borrow even more and use it to pump up the economy. Tried that, does not work. gee. it worked for the last 3 quarters. economy was growing. unemployment dropping but as soon as the right wing started talked slashing spending, the stock market drops 1000 points Reagan did better, in less taxes. His only mistake was not shrinking government to fit. reagan was the author of the great shell game. it took 30 years but his socialism for the rich finally hit pay dirt when the economy tanked in 2007 force companies to distribute productivy increases to their workers instead of paying dividends to give the middle class a pay increase to SPEND What increases? GM went bankrupt sucking over $177 billion in wealth down the sewer. (not including GMAC) the right wing exists in an echo chamber... productivty has increased in every quarter in the last 2 years. the middle class hasn't seen any increase in real wages in 10 years in spite of the fact producdtivity has increased 28% in that time. you're just too stupid to know the facts. being right wing is a learning disability and implement tax cuts for the MIDDLE CLASS, not the rich, like the GOP has been doing for 30 years Funny, finally got around to Reaganomics. Took about 10 months and the recession ended. that was a recession. this is a depression. and guess who reagan's fed chairman was? guess who obama has managing his economic policy? answer to both: paul volker But given the government debt/deficit, hacking away at government waste with a chain saw is also needed. how'd that work in 29? |
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