captplaid - 9/7/2010 09:10 Where was the increase out of the recession? Seriously. This recession has done nothing but worsened since George Bush left office. The economy was not a concern for Obama and the democrats. They spent money on pet projects and called it "stimulus". They shoved through a socialist health care policy, which Americans did not want. Obama's done nothing to help the economy. The term "stimulus" is just a new term for what was called "pump priming' theory of Keynesian economics of the 1930s. This "pump priming" was justified by claiming that the Public Sector Spending Multiplier was 1.5. Therefore with a multiplier of above 1, they could justify large amounts of public spending to "Primp the Pump" of the Private Sector of the economy to get it moving again and out of the recssion/depression. The Private Sector Multipler was said to be 2.5. A lot more than the 1.5 of the Public Sector Multiplier. So the huge amounts of Public Sector Spending ensued to get the economy primed and pumping again. However it failed to do so and the Recession became the Great Depression. There is at the present time, signs are that BHO is finally realizing that the economy has failed to recover despite the huge amounts of money spent as "stimulus"- {Pump Priming}. He has also noticed that this economic failure is likely to cost the Demos control of the House of Representatives and possibly even the Senate. It is possible that the 2010 Congressional elections will result in a BHO veto proof Congress. This would set the stage for passage of Congressional repeal of much if not all his healthcare reform followed by the override of his repeal veto to make the Repeal bill law. Once that occurs, BHO will be seen as a total failure and weak, aka "Lame Duck" subject to defeat in the 2012 Presidential Election assuming that he does survive the 2012 Primary Election Season. The present day Public Sector Mulitiplier, before "Obamanomics" was considered to 1, that is right, just 1, no gain at all. No pump priming. The present day Private Sector Multiplier, before "Obamanomics" was considered to be 2.
Edited by Harvuskong 9/8/2010 02:33
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