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  • Debunking the Clinton Surplus and is Job Loss Bad for the Economy? No. [Edit or Delete]0 comments
    Dec 5, 2011 4:21 PM
    Stocks keep going up..someone please tell me where the crisis is lol. This crisis is so 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 and stuff 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 economy is thriving with high unemployment and low labor force participation. Oh and lets not forget those blowout Black Friday and Cyber Monday sales. A record number of people are out of work, but Wall St., Washington, and large cap S&P 500 companies 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 it right, but 99% of the time the prevailing trends continue for years and years with only brief interruptions (like 2008). That means rich get richer, more consumerism, more globalism, the do-nothing congress doing even less, and more bailout & too big to fail. As a caveat, congress will act with break-neck expediency when there's a 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 to occasionally bail it out when things go wrong. Since the march 2009 lows we're seen surging markets, improved confidence, massive profits & earnings- a testament to the efficacy of bailouts as an instant fix, in addition enduring resiliency of the free market and capitalism in general.

    Debunking the Clinton Surplus

    Remember the infamous Clinton surplus, the crowning achievement of the Clinton legacy? News flash: The economy entered a recession on it. Good riddance to the Clinton the late 90's it was obvious to many economists that the surplus combined with high interest rates were holding the economy back, finally culminating in a deep, long bear market and recession in 2001 (following many years if sluggish growth). Between 2000-2002 (three years) the US economy grew slower than any other period in the past 2 decades ending in 2010, the exceptions being 1991 and 2008. High interest rates combined with high a personal savings rate and low government spending hurt aggregate demand, and consequently profits & 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 embracing globalization) helped the economy immensely, even though such spending proved to be politically unpopular with the libs and various fiscal conservative groups. George W. Bush went against the grain by putting the economy ahead of politics.

    Obama, a pushover bubling idiot?

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

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