(07-26-2009 03:08 PM)RobertN Wrote: It is your opinion that Obamas agendais making things worse. As you guys keep pointing out, he has only been in office a short time so it is too early to tell how his policies will turn out. As long as we have continual slow to moderate growth without the bubbles, this country will be better off. I know you righties LOVE rapid growth, rapid profits and rapid wealth but if we look back, your philosophy is just a bubble economy and occasionally bubbles burst partly causing what we have today.
Actually it is not my opinion that Obama's agenda is making things as bad now as it will in the future. Although not a rightie on social issues, I am on economic issues. I do prefer steady growth to overheating, unlike your characterization. I certainly don't have much good to say about Shrub's economic policy. It is my opinion that Obama's agenda will not produce continual slow to moderate growth, because it cannot.
When the "stimulus" has fully kicked in, and Obamacare is in place, and Cap-and-Trade has been passed without any offsetting tax relief elsewhere, America will not be just an unfriendly environment for business, it will be an impossible environment for business. At that point, the only businesses that will be able to stay here are retail and service businesses serving the domestic economy. Your McDonald's and your auto repair place and the like will stay here; I can't order a burger from India, or drop my car off in Switzerland to get the brakes replaced. We'll have service jobs and retail jobs and government jobs and no other jobs.
For anybody engaged in multinational trade, particularly manufacturing for overseas markets, it will be economic suicide to remain in the US. The numbers are just that bad, unless the rest of the world decides to shoot themselves in their collective feet. They won't. They see what we're doing, and they can't wait. Why do you think they all like Obama so much?
I wish I could believe a different result will occur. I simply cannot.
That is, as you note, my opinion. Why don't you explain why you thing Obamanomics will work. In a few years we'll see who is right.