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Tue Jun 19, 2012, 04:09 PM

The High Cost of Boehnernomics, the GOP war on the Recovery from the Trickle Down Depression

http://www.americanprogress.org/issues/2012/03/boehnernomics.html

There is increasing evidence that the current economic recovery might be considerably stronger were it not for a number of congressional actions taken over the past year. In October 2011 I authored a paper examining the impact of the fiscal year 2011 appropriation measures passed by Congress in April 2011. The analysis showed that the continuing resolution may have destroyed more than 350,000 jobs—some in government but mostly in the private sector.
{also see :Unemployment without Government cuts: 7.1% - Wall Street Journal (Bill USA)}

Despite the strong advice of a broad spectrum of economists that the government should postpone deficit reductions until the economy was strong enough to absorb cuts without sacrificing growth, Congress did just the opposite. They slashed $45 billion from last year’s budget largely by deferring necessary expenditures—expenditures that we will be forced to make once we are in full recovery, and deficit reduction should be the order of the day.

Concern was also expressed in a number of quarters that other congressional actions taken in 2011 may have placed the recovery in jeopardy. Most prominent among these actions was the debate over raising the debt ceiling and the uncertainty that it generated, not only with respect to whether or not the federal government would pay its debts but also in terms of the rationality of the policymaking machinery itself.

The stock market certainly gave evidence to that theory. Despite assurances from most brokerage houses that Congress would reach a deal on the debt limit before the August 2 deadline, the 10 percent rally that the market enjoyed in the first four months of 2011 stalled in May and gave way to increasing volatility through June and July.
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Response to Bill USA (Original post)

Tue Jun 19, 2012, 04:11 PM

1. in the spirit of bipartisanship Democrats will refrain from using this in the election lol nt

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Response to msongs (Reply #1)

Tue Jun 19, 2012, 06:06 PM

3. yes, (sigh). Oh for another Harry Truman or FDR, but alas, Mr. Obama is not cut from that cloth.


People probably don't know he has actually made this point in a number of his speeches. But he makes his point is such a demur fashion you hardly notice it, referring to the Trickle Down - Deregulation disaster - the Greatest Economic Disaster this country has seen since the (first) Great Depression - as the experiment that 'didn't work out so well', or as a 'driving us into a ditch' or once saying: " the wealth didn't trickle down".

What Mr. Obama seems reluctant to do is to leave the subtle, ironic rhetoric behind and start speaking in simpler, more blunt language - which by the way would be indicative of anger - which would be appropriate and, I believe, welcomed by millions of confused voters.

The Republicans are using histrionics to make millions of suckers believe they are sincere (and to actually forget they are the MFrs who created the mess they are complaining about now). Their prescription is to have more of the same policies that created the greatest economic disaster this country has seen since the first Great Depression.. that's what Obama needs to be saying - with emotion (damn it).


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Response to Bill USA (Original post)

Tue Jun 19, 2012, 04:16 PM

2. How do you get people to understand this fact? n/t

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Response to Cary (Reply #2)

Tue Jun 19, 2012, 06:20 PM

4. It would help if Obama would be stating this in less subtle rhetoric. He should use simpler more

direct language.... and try to show some appropriate emotion (i.e. anger).

Republicans, every time they speak, are affecting righteous indignation when of course, they have no reason to have that emotion because they are the ones who created the Trickle Down Disaster. they are affecting righteous indignation to fool the suckers into thinking they have something to be indignant about! To fool the suckers into forgetting they were the ones who created the Trickle Down Deregulation Disaster (and have prolonged it by fighting everything Obama and the democrats have tried to do to bring about a recovery from it).

They are acting as if they have something to be angry about so as to not admit they have everything to be ashamed for.

Obama should be saying forcefully that his opponent is proposing the very same policies that created the worst economic disaster this country has seen since the (first) great depression. they almost wiped out our entire economy, were prevented from achieving that by emergency actions taken by the Government and now, Romney wants a chance to finish the job. If that's what people want, then Romney is their man.

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Response to Bill USA (Reply #4)

Tue Jun 19, 2012, 06:34 PM

5. It doesn't seem to me that Republicans are "affecting"

If they were then their Congress wouldn't be less popular than chlamydia.

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Response to Cary (Reply #5)

Tue Jun 19, 2012, 07:13 PM

6. affect, definition: To put on a false show of; simulate

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Response to Bill USA (Reply #6)

Tue Jun 19, 2012, 11:21 PM

7. Okay, but I'm just saying that they're not very good at it is all. n/t

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Response to Cary (Reply #7)

Wed Jun 20, 2012, 03:38 PM

9. but Congressional numbers 4 GOP aren't that much worse than Dems. Poll numbers for Obama vs Romney

are dismaying to say the least. This tells me their campaign of disinformation is working pretty good.


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Response to Bill USA (Reply #9)

Fri Jun 22, 2012, 10:16 AM

10. We're only just starting to get the polls of likely voters.

And anyway while the margin is small President Obama still leads. Perhaps even more critical his approval and disapproval have held steady in the face of tough economics.

But best of is Romney's approval and disapproval.

Don't let "conservative" propaganda fool you.

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Response to Bill USA (Original post)

Wed Jun 20, 2012, 06:07 AM

8. It's increasingly hard to believe

 

That the GOP is successfully able to convince people to vote for such failed policies.

WTF?

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