India Now the World's Fastest Growing Economy

[OSR stands with Israel]

Friedman Economics works better then Keynesian economics

[OSR stands with Israel]

Capitalism works, socialism does not. Hopefully the Congress doesn't get back into power for a long, long time.

[OSR stands with Israel]

This would've happend anyways, and India's growing economy really isin't seeing benefits for the most of the population. F*k Modi 2015.

You also said Carter's economy was better then Reagan's lol

[OSR stands with Israel]

It's hard to doubt that a lot of subsidies are economically distortionary and hardly helping, especially gasoline subsidies in these times. I don't doubt that. What I take umbrage at is the idea that Modi is some kind of one-man band of change. It's pretty clear that his leadership of Gujarat was largely coasting off the growth that would have come anyway from rebuilding after the earthquake. As PM, his incredibly divisive personality is suffocating his plans - and before you say "of well that's Congress's fault" - well, part of leadership is making a strong case for negotiation. He seems to think that his landslide election - more of a repudiation of UPA II's scandals and the disaster that is Rahul Gandhi than a real endorsement of Modi IMO, is evidence enough that he can do whatever he wants. The man needs to focus on infrastructure - he made very good plans for electrification etc. - but can he reach them?

The other weird trend for BJP fans is to bemoan money "wasted" on, err, keeping some of the world's most undernourished people enough food to live.  If you want to be utilitarian about it, that food bill - especially for children - literally pays for itself over time.

 Singh= Jimmy Carter, Modi = Reagan

[OSR stands with Israel]

It's hard to doubt that a lot of subsidies are economically distortionary and hardly helping, especially gasoline subsidies in these times. I don't doubt that. What I take umbrage at is the idea that Modi is some kind of one-man band of change. It's pretty clear that his leadership of Gujarat was largely coasting off the growth that would have come anyway from rebuilding after the earthquake. As PM, his incredibly divisive personality is suffocating his plans - and before you say "of well that's Congress's fault" - well, part of leadership is making a strong case for negotiation. He seems to think that his landslide election - more of a repudiation of UPA II's scandals and the disaster that is Rahul Gandhi than a real endorsement of Modi IMO, is evidence enough that he can do whatever he wants. The man needs to focus on infrastructure - he made very good plans for electrification etc. - but can he reach them?

The other weird trend for BJP fans is to bemoan money "wasted" on, err, keeping some of the world's most undernourished people enough food to live.  If you want to be utilitarian about it, that food bill - especially for children - literally pays for itself over time.

 Singh= Jimmy Carter, Modi = Reagan

Singh was the reason, the economy started booming, and greatly improved lives for lower class people, even if he enacted polices that I don't particularly like. Modi has done nothing to help anyone, except large corporations to hoop di do grow. Economy and standard of living, was better under Carter than under Reagan for poor, lower class people. Regan ruined lives, for lower class and lower-middle class people, wasted trillions on defense, as well as initiated Reaganomics, which caused a lot of recessions in his term, as well as caused the 08' Great Recessions

So Carter's 13% inflation , 10% unemployment, median wages in terms of inflation being stagnant , poverty rising, 15% Interest is better then low unemployment, low inflation, median wages going up in terms of inflation, and low intrest rates lol. Also If Reagan is to blame for the early 80s reccession , Obama is to blame for the economy from 2009-2011. Reagan was better for the middle class of the country then Carter was and my facts I just pointed out to you prove it. And Lastly Reagan didnt cause the 08 reccession the repeal of Glass Stegall and Alan Greenspan doing nothing about the housing bubble did.

[OSR stands with Israel]

It's hard to doubt that a lot of subsidies are economically distortionary and hardly helping, especially gasoline subsidies in these times. I don't doubt that. What I take umbrage at is the idea that Modi is some kind of one-man band of change. It's pretty clear that his leadership of Gujarat was largely coasting off the growth that would have come anyway from rebuilding after the earthquake. As PM, his incredibly divisive personality is suffocating his plans - and before you say "of well that's Congress's fault" - well, part of leadership is making a strong case for negotiation. He seems to think that his landslide election - more of a repudiation of UPA II's scandals and the disaster that is Rahul Gandhi than a real endorsement of Modi IMO, is evidence enough that he can do whatever he wants. The man needs to focus on infrastructure - he made very good plans for electrification etc. - but can he reach them?

The other weird trend for BJP fans is to bemoan money "wasted" on, err, keeping some of the world's most undernourished people enough food to live.  If you want to be utilitarian about it, that food bill - especially for children - literally pays for itself over time.

 Singh= Jimmy Carter, Modi = Reagan

Singh was the reason, the economy started booming, and greatly improved lives for lower class people, even if he enacted polices that I don't particularly like. Modi has done nothing to help anyone, except large corporations to hoop di do grow. Economy and standard of living, was better under Carter than under Reagan for poor, lower class people. Regan ruined lives, for lower class and lower-middle class people, wasted trillions on defense, as well as initiated Reaganomics, which caused a lot of recessions in his term, as well as caused the 08' Great Recessions

So Carter's 13% inflation , 10% unemployment, median wages in terms of inflation being stagnant , poverty rising, 15% Interest is better then low unemployment, low inflation, median wages going up in terms of inflation, and low intrest rates lol. Also If Reagan is to blame for the early 80s reccession , Obama is to blame for the economy from 2009-2011. Reagan was better for the middle class of the country then Carter was and my facts I just pointed out to you prove it. And Lastly Reagan didnt cause the 08 reccession the repeal of Glass Stegall and Alan Greenspan doing nothing about the housing bubble did.

Carter didn't cause inflation, natural cycle. Regan let's not forget, increased unemployment after he entered office. Under Carter, unemployment and the economy remained stable. Under Regan fluctuations, Reaganomics caused a lot of minor recessions. I don't really care about the middle class, so f*k them, lower and working class improvement is much more important. I don't get why low interest rates, are necessarily a good thing, or either why interest rate matters so much. Regan, along with Carter, Clinton and Bush destabilized the economy, with Reaganomics and deregulation which caused major wealth inequity and the great recessions. Obama din't cause this economy though, it much rather Regan, Clinton and Bush, Obama with stimulus has caused the economy, not to go into Shi*t hole, like it has in Europe.

The Middle Class is the most important part of an economy not the lower or higher class. Lol at Carter's economy being more stable then Reagan's, at the end of Carter's term there was a major recession which caused unemployment to go up dramatically during Reagan's first 2 years, and then there was no reccession in the US till a minor one in 1990 so the economy was clearly more stable under Reagan .Lastly I did not blame Obama for the recession , I said Alan Greenspan and the repeal of Glass Stegall caused the 2008 Recession.

[OSR stands with Israel]

I do want to say that Carter's economy was anything but stable, though I definitely would not blame that lack of stability on Carter. It's why his Fed Chair was basically forced to jack interest rates so high as to defeat inflation. Stability came during the second half of Reagan's Presidency, though that stability isn't particularly desirable, since we know its results now (a world wide recession where monetary policy has been sucked of its effectiveness and fiscal policy which is handicapped by government officials learning the wrong lessons from the Reagan administration).

If Alan Greenspan raised interest rates in the 2000s the 2008 recession could have been avoided