Quote:
Originally Posted by pocketkangaroo
If it has nothing to do with the current problems, how is it going to fix it? It couldn't help avoid it apparently.
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again... two wars, reshaping the government, the housing crash etc. you are talking about problems much larger than growing tax revenue to the federal government by XX%
if you can't look at the economic problems within the proper context and within the context of all the variables and factors... then its a pointless discussion
Bush didn't cause the an economy to crash
Obama isn't going to cause it to recover
A president is representative of one branch of 3 branches of government.. they're not gods.
We have to go through these cycles because the political system, by design, caves to short term thinking... and no one can just let things run its course and no one wants to accept that contraction comes with expansion and everyone thinks that you can grow an economy at a nice pace and never see contraction. doesn't happen. won't happen. can't happen.
So here we are. a huge clusterfuck and more of the same idiots (both parties) acting like they can play god with the economy because they don't understand the economy or money or wealth creation or job creation or owning a business or starting and growing a business or anything else that has to do with the real world.
If everyone had all the answers and they were undeniable fact... there wouldn't be "economic theory" - there would be "economic facts".. and we wouldn't even be having these debates in spite of the fact that what we are seeing today is pretty much business as usual in the economic world. 20 years of the fastest growth in the global economy ever... and it contracts at the end... before growing again. all government needs to do is get out of the way, stop trying to confiscate and redistribute peoples money and let the markets work. saying "free markets" caused the situation today is dumb. it has to happen. it is exactly what is supposed to happen. its exactly what has always happened and will continue to happen... growth, some contraction (in proportion to growth) .. .followed by recovery and a long period of growth. business as usual.