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No Clue

Wow.

Just how bad was it?  Romer admitted that no one at the White House understood the fundamentals of this recession, and how they just assumed it would behave like previous recessions.  And it might have done so, had the Obama administration applied the policies that alleviated previous recessions, especially those that Ronald Reagan used to pull the US out of a decade-long stagnation slump where high inflation eroded the buying power of Americans.  Instead of cutting taxes (especially capital gains taxes) and reducing regulation to entice new investment, Barack Obama and Congressional Democrats chose to chase a government takeover of health care, a massive tax on energy production that would penalize expansion and growth, and expanding the jurisdiction on Wall Street of the same agencies that had watched the collapse come and did nothing about it.

Romer, however, still hasn’t got a clue why a one-time expenditure of government funds didn’t make things hunky-dory:

Posted by Owen at 1059 hrs
Economy + Politics + Politics - General

1. The people that voted for Obama are responsible. His inexperience could not have been more obvious.

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1129 hrs
   
   
   

2. Romer has been an idiot from the start.  Good riddance…

   Posted by Smeety on September 02, 2010 at 1259 hrs
   
   
   

3. The people that voted for Obama are responsible.

   Wow!  It seem like everyday, a new record is set and then broken for partisan stupidity.  Congratulations OFR!  You are today’s weiner.  Enjoy while it lasts…

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1300 hrs
   
   
   

4. laker:

   Wow!  It seem like everyday, a new record is set and then broken for partisan stupidity.  Congratulations OFR!  You are today’s weiner.  Enjoy while it lasts…

   And blaming Mr. Bush for all the evils of the world isn’t the Liberal’s stock and trade? Stupidity is indeed on display, but it isn’t on OFR’s part.

   In any case this isn’t surprising seeing as NO ONE in this administration has an iota of business accumen

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1407 hrs
   
   
   

5. acumen

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1407 hrs
   
   
   

6. Romer admitted that no one at the White House understood the fundamentals of this recession, and how they just assumed it would behave like previous recessions.

   Therefore, since we understand economics so well and have the best and brightest in government running the economy so well we should have the same folks run our health care system.

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1527 hrs
   
   
   

7. No one has mentioned bush on this thread, except you.  But since you’ve held that door open….

   OFR’s comment is asinine for the simple reason he is now placing blame on the VOTERS???  NEWSFLASH:  This country was already in a recession when Obama took office on 1/20/09.  I know, I know, you don’t want to believe it , but it’s true.  What the Obama Aministration has failed to do is to fix it as quickly as projected.  Yes. his screw up; he owns it (along with this idiot Romer).

   But it doesn’t dismiss why the country got here in the first place.  The policies Reagan enacted worked for one very important reason - THERE WAS NO FVCKING WAR!!!  Sorry, but tax cuts during a time of was, much less TWO wars, is pure idiocy.  Not to mention that the regulatory agencies that Obama has granted more power to after “doing nothing to prevent the collapse” WERE asleep at the wheelb, but on BUSH’S WATCH!!!  The bush administration basically played their fiddle while Rome (the economy) burned.  Then along comes McCain and pronounces that “the economy is fundamentally sound”.  Sorry, but the loudest voice and warning about our economy came from Obama, not the Republicans.

   Thanks for opening that door.

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1541 hrs
   
   
   

8. Like I said, “the Liberals stock and trade”. This was coming no matter what else was posted.

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1638 hrs
   
   
   

9. Typical Scott - “deception and deflection”.  But he was right about one thing (well, partially right).

   Stupidity is indeed on display, but it isn’t on OFR’s part.

   Scott is just too fvcking stupid to realize it’s him…

   Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1706 hrs
   
   
   

10. I didn’t have to wait long to get a good example of what I meant. Thanks laker!

    Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 1902 hrs
    
    
    

11. Help is on the way…..

    You know things are looking up when Democrat historian and poli-sci guy Larry Sabato is looking at a GOP landslide.

    http://www.centerforpolitics.org/crystalball/articles/ljs2010090201/

    Good read at the above link

    Posted by .(JavaScript must be enabled to view this email address) on September 02, 2010 at 2217 hrs
    
    
    

12. And I stand by what I said - your statement is asinine!

    Look, we all play the blame game here, but to try to pin “responsibility” for Obama’s economic policies on voters is like trying to pin “responsibility” for two wars on the folks who voted for Bush.  Pure insanity…

    Posted by .(JavaScript must be enabled to view this email address) on September 03, 2010 at 0722 hrs
    
    
    

13. Laker,

    What is your answer?  Raise taxes? Expand Government?  Build a road?  What is it?  What is your solution?  Time to stop blaming everybody thats not in office.  You like to sling the insults and swear words but provide nothing from your prespective or meaningful solutions to unemployment and the recession.  You have the blame game figured out.  Time to move on and give us something plausable.

    Posted by .(JavaScript must be enabled to view this email address) on September 03, 2010 at 1058 hrs
    
    
    

14. Pauly,
    
    The point of my post was to show how ridiculous the “blame game” has become.  Assigning responsibility to people who voted for Obama for this economic mess is ludicrous.  But no more so than blaming Bush voters for two wars; it was SARCASM.  My issue was not with the actual article but with OFR’s asinine assertion that Obama voters are “responsible”.  Reagan’s response to the recession in the 80’s was to cut taxes (and it worked), but he had the luxury of doing it in a time of peace.

    As for a solution, I don’t have one: I’m not an economist.  However, I think that any and all tax increases, either proposed or under consideration, should be withdrawn.  The same goes for the proposed Cap and Trade legislation.  Any future bailouts should not be considered; let the marketplace sink or swim.  I do favor more “pro-active” financial and environmental regulation/over sight, but want to see some shrinkage/consolidation of some governmental agencies; FEMA, HUD, Homeland Security come to mind as having overlap/duplication of efforts.
     
    As for my “tone”, here is a lot of snarkiness on this board; your post rings of it as well.  I generally respond to people the way they respond to me.  There are some people on this board I DETEST, and there are others who are genuinely interested in intelligent conversation, even from differing points of view.  I tend to respond to other people’s posts/comments accordingly.

    Posted by .(JavaScript must be enabled to view this email address) on September 03, 2010 at 1657 hrs
    
    
    

15. Bravo, Pauly.

    It is the business of the left to insult, alienate, and otherwise ignore conservatives and the ideas coming from our ideology… Then, when their burned out, ancient, historically wrong, backwards “ideas” make a bigger mess of things, they say “Well you guys aren’t bringing anything to the table” as a simple method of misdirection to avert the eyes of the public from the fact that liberals are pulling crap out of the dog-eared yellow paged book of “cutting edge” political thought from 125 years ago.

    I’d say Paul Ryan’s Roadmap would have been a far more effective attack on the recession… but hey, my opinion doesn’t matter, as Nancy Pelosi says, I lost. I didn’t vote for the neophyte…

    Posted by .(JavaScript must be enabled to view this email address) on September 03, 2010 at 1658 hrs
    
    
    

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