If Obama wins reelection, do you wish the current recession to continue? (user search)
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  If Obama wins reelection, do you wish the current recession to continue? (search mode)
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Poll
Question: If Obama wins reelection, do you want the US to go in another recession?
#1
Yes
 
#2
No
 
#3
Maybe
 
#4
Not sure
 
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Partisan results

Total Voters: 71

Author Topic: If Obama wins reelection, do you wish the current recession to continue?  (Read 2541 times)
Cliffy
Jr. Member
***
Posts: 593
United States


« on: October 18, 2012, 09:21:42 PM »

We are and have been in a depression folks, when you subtract the government stimulus.  I wish it was just a recession.  We have spent 2.5-3 yrs worth of GDP in 3+ yrs, that is the only thing making you think it's not that bad and there is nothing to show.  That's artificial and the best we could get out of it is a dropping GDP, horrible is an understatement. 

We have a lot of pain to experience before we are ever going to get to a recovery.  I'm not very optimistic about if even Romney has the balls to pull it off. 

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Cliffy
Jr. Member
***
Posts: 593
United States


« Reply #1 on: October 18, 2012, 11:07:01 PM »

I'm not saying it won't go away, but we keep creating bubbles with stimulus instaed of letting them pop.  I'm not going to waste much time arguing with you, you need to study economics.
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Cliffy
Jr. Member
***
Posts: 593
United States


« Reply #2 on: October 19, 2012, 12:22:48 AM »

lol, what nuanced point you're making of course they're trying to create demand, seriously and yes I would agree guns don't kill people people kill people.  Gheez, of course stimulus can create bubbles and not on it's own obviously.  So you don't think there is a bubble in the market right now? Student loans? Derivatives market?  The money has to flow somewhere.  and Excuse me I should have said you need to study Austrian economics, clearly you believe the Keynesian BS.  I'm talking over the last 3 yrs.  I'm not talking obviously about the housing or dot com, stimulus wasn't involved then.  And the only negative is not debt, how simple minded, it's inflation as well and stagflation.   Why is the price of GAS so high? Oil is low but it's  Inflation, devaluing of the currency through QEs. Gheez I"m wasting my time and this would have to turn into a giant back and forth for pages and I doubt I could ever get you to see the light.  Start with Zerohedge and market-ticker maybe you'll figure it out. 

The other day I talked with a guy, sitting by me on the plane who is an executive with one of the largest manufacturers in the world.  We had a similar but more in depth conversation.  We agreed on every point.  He sat there and told me we are in a depression, I said I agreed, he said they do not run their corp based on the governments artificial numbers they are false, they subtract out deficit spending to get an accurate picture.   Incidentally this is a multi billion dollar privately owned company with 0 debt.  They know a little bit about what they are doing.


Jesus man, what kind of American would want to see this country struggle economically, regardless of which party is in office? I want whoever is in power to succeed because ultimately it helps me and a lot of other people.

As for economics, I have a BA in economics, so I feel like I can comment on it. Bubbles are naturally occurring. Stimuluses don't cause bubbles. They are designed to create demand using the government as the purchaser to "stimulate" companies to produce products or to create jobs by starting projects like construction and the like. That's why stimuluses are necessary when we are in a recession as opposed to balancing the budget or cutting spending. The only negative of a stimulus is debt, which eventually may hurt economic growth, but it does not create a bubble. We humans create bubbles - the dot com bubble, the housing bubble, etc... the government regulations may have aided it, but it wasn't the government that created it.
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