There are only two options.

[Anarchist420]

Deficit-funded government jobs to reduce unemployment but still very high private sector unemployment as well as high overall unemployment. Cycle continues, because people get more faith in government since it gave them unemployment relief.

A 1-4 year long depression with austerity. Unemployment peaks at 40%, but eventually goes down to 4% or less once the depression is over. The government abandons Keynesian and monetarist economics for all time to come.

Which option do you think is less painful?

My take is as follows:

It wouldn't have to come to this today if the government hadn't bailed the fucking banks out, if interest rates weren't reduced, and if spending hadn't been raised, but one of the two courses is going to have to be taken eventually. It's going to be a lot worse than it would've been if Bush/Obama had just allowed the market to correct itself 3 years ago. I've long been scared of the government and it's scaring me more and more each day.

I hate deficit spending, inflation, and high taxes.

 

[Incorruptible]

The government needs to get out of the way and let the market correct itself, if the banks hadn't been bailed out the whole situation wouldn't be as bad

 

[Brainonska511]

The government needs to get out of the way and let the market correct itself, if the banks hadn't been bailed out the whole situation wouldn't be as bad

Anarchist420's 2nd account?

 

[her209]

A 1-4 year long depression with austerity. Unemployment peaks at 40%, but eventually goes down to 4% or less once the depression is over.

And you base that on what exactly?

 

[a777pilot]

Anarchist420's 2nd account?

Then report it to the Monitors and let them along with the Administrator handle it. This way you will get action and will stop cluttering up other's threads.

 

[IronWing]

I hate ... high taxes.

Why? You don't pay taxes. You get the benefits of a functioning society yet don't pay anything to keep it running. Day after day you bitch about the society that keeps you fed, clothed, and your butt clean.

Edit: Furthermore, wishing unemployment on an additional 30% of American workers simply because it fits your economic fantasies is just plain disgusting, particularly when you personally can't be bothered to get a job.

 

[Incorruptible]

Anarchist420's 2nd account?

No, why do you think that, I am just a new user and I am a conservative that believes in free market principles

 

[Anarchist420]

Why? You don't pay taxes. You get the benefits of a functioning society yet don't pay anything to keep it running. Day after day you bitch about the society that keeps you fed, clothed, and your butt clean.

Way to fail.
My household is taxed.

Edit: Furthermore, wishing unemployment on an additional 30% of American workers simply because it fits your economic fantasies is just plain disgusting, particularly when you personally can't be bothered to get a job.

It's the consequence of an unsustainable government.

 

[Hayabusa Rider]

What do the 40% do? Ask "what happens next".

 

[IronWing]

Way to fail.
My household is taxed.


It's the consequence of an unsustainable government.

Those aren't taxes that are being paid from the fruits of your labor because you produce nothing of value. It's a consequence of you being shiftless.

 

[Incorruptible]

If the government doesn't do anything about the economy the situation will get much worse and more Americans will be out of jobs

 

[Lemon law]

Anarchist420 understands nothing about a national economy. As he advocates exactly the same failed polices of Hoover that made the depression deeper and longer. At least Obama has prevented unemployment from reaching the 25% level, that makes economic recovery almost impossible and social rebellion likely.

Cheer up anarchist, when the government collapses and blood is running in the street, its the aristocrats that are first to be hung from lamp posts. As our current American economic problem is that too much wealth has concentrated in to few hands. If government economic reforms don't reverse the trends, in any society, violent revolution will redistribute the wealth as that other alternative.

 

[Incorruptible]

Anarchist420 understands nothing about a national economy. As he advocates exactly the same failed polices of Hoover that made the depression deeper and longer. At least Obama has prevented unemployment from reaching the 25% level, that makes economic recovery almost impossible and social rebellion likely.

Cheer up anarchist, when the government collapses and blood is running in the street, its the aristocrats that are first to be hung from lamp posts. As our current American economic problem is that too much wealth has concentrated in to few hands. If government economic reforms don't reverse the trends, in any society, violent revolution will redistribute the wealth as that other alternative.

obama has only made the situation worse and will continue to do so, unemployment is already high

 

[dmcowen674]

There are only two options.

Deficit-funded government jobs to reduce unemployment but still very high private sector unemployment as well as high overall unemployment. Cycle continues, because people get more faith in government since it gave them unemployment relief.

A 1-4 year long depression with austerity. Unemployment peaks at 40%, but eventually goes down to 4% or less once the depression is over. The government abandons Keynesian and monetarist economics for all time to come.

Which option do you think is less painful?

My take is as follows:

It wouldn't have to come to this today if the government hadn't bailed the fucking banks out, if interest rates weren't reduced, and if spending hadn't been raised, but one of the two courses is going to have to be taken eventually. It's going to be a lot worse than it would've been if Bush/Obama had just allowed the market to correct itself 3 years ago. I've long been scared of the government and it's scaring me more and more each day.

I hate deficit spending, inflation, and high taxes.

Why are you scared?

The 1% job creators will save us.

That is why Bush's tax breaks for them must be preserved.

 

[Phokus]

There's not '2 options', Obama has had a net increase in private sector jobs since he was elected, but a net decrease in public jobs. If we had the same amount of public jobs created under obama as we did under bush, we would be under 7% unemployment.

 

[Incorruptible]

There's not '2 options', Obama has had a net increase in private sector jobs since he was elected, but a net decrease in public jobs. If we had the same amount of public jobs created under obama as we did under bush, we would be under 7% unemployment.

obama has destroyed many private sector jobs and helped to increase the size of government along with his massive spending increases

 

[Phokus]

obama has destroyed many private sector jobs and helped to increase the size of government along with his massive spending increases

You have no idea what you're talking about. Obama has a net increase in private sector jobs since taking office and public sector jobs have been decimated. Compare that to bush, where public sector jobs EXPLODED under his presidency:

Obama created more than 3 million private sector jobs under his presidency:

http://articles.cnn.com/2012-01-25/...job-growth-private-sector-jobs?_s=PM:POLITICS

More bullshit from the GOP acolytes.

 

[Incorruptible]

You have no idea what you're talking about. Obama has a net increase in private sector jobs since taking office and public sector jobs have been decimated. Compare that to bush, where public sector jobs EXPLODED under his presidency:

Obama created more than 3 million private sector jobs under his presidency:

http://articles.cnn.com/2012-01-25/...job-growth-private-sector-jobs?_s=PM:POLITICS

More bullshit from the GOP acolytes.

You have no idea what your talking about , obama has made the situation worse

 

[Phokus]

You have no idea what your talking about , obama has made the situation worse

Why don't you just say you hate facts and reality because that's the core of the republican philosophy. Notice how liberals present facts while drooling conservatives just say, "DURRR OBAMA BAD OBAMA BAD".

 

[Incorruptible]

Why don't you just say you hate facts and reality because that's the core of the republican philosophy. Notice how liberals present facts while drooling conservatives just say, "DURRR OBAMA BAD OBAMA BAD".

Im not a Republican, you act like liberals are better than republicans but both sides have some of the stupidest policies around

 

[the DRIZZLE]

You have no idea what you're talking about. Obama has a net increase in private sector jobs since taking office and public sector jobs have been decimated. Compare that to bush, where public sector jobs EXPLODED under his presidency:

Obama created more than 3 million private sector jobs under his presidency:

http://articles.cnn.com/2012-01-25/...job-growth-private-sector-jobs?_s=PM:POLITICS

More bullshit from the GOP acolytes.

Your graph is incredibly misleading. Most of the cuts in public sector jobs have come at the state or local level. Obama has done everything he can to funnel federal money to protect the public sector unions at all levels. It makes no sense to give him credit for something that he is trying to prevent and that is being driven by severe budget issues.

 

[feralkid]

 

[the DRIZZLE]

Deficit-funded government jobs to reduce unemployment but still very high private sector unemployment as well as high overall unemployment. Cycle continues, because people get more faith in government since it gave them unemployment relief.

A 1-4 year long depression with austerity. Unemployment peaks at 40%, but eventually goes down to 4% or less once the depression is over. The government abandons Keynesian and monetarist economics for all time to come.

Which option do you think is less painful?

My take is as follows:

It wouldn't have to come to this today if the government hadn't bailed the fucking banks out, if interest rates weren't reduced, and if spending hadn't been raised, but one of the two courses is going to have to be taken eventually. It's going to be a lot worse than it would've been if Bush/Obama had just allowed the market to correct itself 3 years ago. I've long been scared of the government and it's scaring me more and more each day.

I hate deficit spending, inflation, and high taxes.

You presume that option 1 is even possible. It may or may not be this time, but I can promise you that there will come a point where every additional dollar of government spending results in a net decrease in GDP for that year.

 

[Incorruptible]

Your graph is incredibly misleading. Most of the cuts in public sector jobs have come at the state or local level. Obama has done everything he can to funnel federal money to protect the public sector unions at all levels. It makes no sense to give him credit for something that he is trying to prevent and that is being driven by severe budget issues.

Thats true but what else can you expect from a guy who supports obama, obama has done a horrible job of managing the US and he will only continue to destroy the US if re-elected

 

[LegendKiller]

This kid has no idea what a 4% unemployment rate means. You do realize that we've only hit that 7 times out of the past 93 years, right? 3 of those were during WW2 or just after (46), only one was the last 20 years, 2000.

I'd like to know the economic logic behind 4% unemployment. Please enlighten us with your thorough analysis.