2011-01-16, 10:48 PM
Anonymous Moose Wrote:I love how people try to defend his hypocrisy. The situation is not different now except that we are deeper in the hole now than we where back then. The goverment over spent back then, and they are still over spending now. What needs to happen is that we need to stop all of Bush's policies that Obama is continuing and we need to cut the rampant government spending, because it is these policies that are perpetuating the issues and causing our debt to soar.
4.7% unemployment in 2006. 9.4% now.
The economy was very different. After the recession, I'll be right next to you in demanding reductions in government spending and the deficit/debt. Until then, the government needs to employ expansionary policies.
Ultimately, what's worse? A lethargic / shrinking economy or a large debt? The effects of an extreme recession can be seen by looking at the world in the early 1930s, but what proof is there that a large debt will cause anything even close to that?