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  • Daily View: Debunking the Clinton Surplus, Bubbles, Bailouts, and Obama the Pushover [Edit or Delete]0 comments
    Dec 5, 2011 4:50 PM
    Stocks keep going up..someone please tell me where the crisis is lol. This crisis isso painful having stocks going up everyday. plz god make the crisis stop. 

    No to consumer protection lol . Next time read the fine print before you sign the mortgage, apply for the credit card, etc. Quit complaining about overdraft fees andstuff like that. 

    No Jobs, No Problem

    Job creation and economic growth are not mutually inclusive, sorry libs.McDonald's, Amazon, Apple, and IBM are just a few examples of how the economyis thriving with high unemployment and low labor force participation. Oh and letsnot forget those blowout Black Friday and Cyber Monday sales. A record numberof people are out of work, but Wall St., Washington, and large cap S&P 500companies aren't losing much sleep over it. 

    Pain at the pump NO problem

    Surging costs for things like good & gas WON'T cause a double dip.

    There is NO education or credit card bubble either. 

    These liberals see bubbles and crisis everywhere, and occasionally they will get itright, but 99% of the time the prevailing trends continue for years and years withonly brief interruptions (like 2008). That means rich get richer, more consumerism,more globalism, the do-nothing congress doing even less, and more bailout & toobig to fail. As a caveat, congress will act with break-neck expediency when there'sa financial or homeland security crisis, but 9% unemployment and record small biz failure apprently doesn't constitute an ugent matter. 

    Why we need bailouts when things go wrong

    In the long run, Wall St. creates value which is why it's necessary for tax payers tooccasionally bail it out when things go wrong. Since the march 2009 lows we'reseen surging markets, improved confidence, massive profits & earnings- atestament to the efficacy of bailouts as an instant fix, in addition enduringresiliency of the free market and capitalism in general.

    Debunking the Clinton Surplus

    Remember the infamous Clinton surplus, the crowning achievement of the Clintonlegacy? News flash: The economy entered a recession on it. Good riddance to theClinton the late 90's it was obvious to many economists that thesurplus combined with high interest rates were holding the economy back, finallyculminating in a deep, long bear market and recession in 2001 (following manyyears if sluggish growth). Between 2000-2002 (three years) the US economy grewslower than any other period in the past 2 decades ending in 2010, the exceptionsbeing 1991 and 2008. High interest rates combined with high a personal savingsrate and low government spending hurt aggregate demand, and consequentlyprofits & earnings for S&P 500 companies suffered for many years, even though the 2001 recession was very mild by historical standards. Conversly, in 2008 we had a much deeper recession, but large cap companies fared much better than in the late 90's and early 200's. 

    In the 2000's deficit spending by the Bush administration (in additon to embracingglobalization) helped the economy immensely, even though such spending provedto be politically unpopular with the libs and various fiscal conservativegroups. George W. Bush went against the grain by putting the economy ahead ofpolitics.

    Obama, a pushover bubling idiot?

    Obama may be 'liked' overseas, but he's certainly not respected, unlike GWB who commanded respect andleverage among foreign economic leaders and oil producing nations. Foreign leaders know he's incompetent, apoor orator when not using a teleprompter, and a pushover. 

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