Romney's "Summer of Bain" = Swift Boat 2.0 ? (user search)
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  Romney's "Summer of Bain" = Swift Boat 2.0 ? (search mode)
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Author Topic: Romney's "Summer of Bain" = Swift Boat 2.0 ?  (Read 4769 times)
pbrower2a
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Posts: 26,921
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« on: July 17, 2012, 03:56:57 PM »

You used these charts as evidence that Obama made the recession worse, when in fact they show nothing of the sort.
I'm sorry you can't look past a minor semantic error.
I posted the charts (didn't say anything about them).  The first one juxtaposes this recession vs. the previous 10.  The second shows the beginning of it for timeline purposes (people like to pretend dates are different).  Sorry that they bother you.   

OK. The recent economic meltdown looked more like the first half of the economic collapse of 1929-1933. The fundamental rules after so severe an economic downturn are much different than for those of the shorter and less severe recessions.

Speculative activities that normally underpin an economic boom are no longer possible. The quick-buck, high-yield opportunities vanish, and what is left is either big government spending or the return of economic choices that look good only in desperation. Such is low-yield, bet-everything-that-you-have, slow-return activities that first build capital before they turn an attractive profit. That's small business trying to assert itself in the interstices that such giants as Wal*Mart, McDonald's, Bank of America, and Exxon-Mobil allow.

It may be tougher this time. Remember: the corporate giants own the political process, have control of media access through advertising, and have a tax structure that offers the same tax rate for a marginally-successful small business and a vertically-integrated oil company.       
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