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Rjai is typical of the uninformed
digem-all 1020 reads
posted

Part of the electorate that chooses to believe rhetoric over fact.  The fact that the TARP was absolutely necessary to prevent the nation from sliding into another Great Depression...

The fact that the Stimulus granted the middle-class the huge number of tax cuts and that the Stimulus did indeed stave off higher unemployment and did help the economy.  States already hurting would be in even worse condition if it wasn't for the monies received from the stimulus.

Quit drinking the Kool-Aid and think for a change.

willywonka4u3383 reads

I avoid copying & pasting, but the following summed this up better than I could.

"Merriam-Webster announced that the 2010 Word of the Year is Austerity. Defined as “enforced or extreme economy,” it has been presented as a solution to state and local budget shortfalls as we head into the fourth year of the deepest economic downturn since the Great Depression."

"Breaking government, starving the beast, is the goal of anti-government GOP officials...who are now focused on using the ruse of austerity as a means to that end."

"In New Jersey, Governor Chris Christie recently hinted in a ’60 Minutes’ interview that his state may default on its pension obligations", stating, “If you don’t partner with me to get this done, in ten years you won’t have a pension”.
Economist Dean Baker noted:
"Federal Reserve Chairman Ben S. Bernanke warned that growing budget deficits imperiled the economy's long-term stability." This is the same Bernanke who as "a Federal Reserve Board governor from 2002 to 2005, chief economic adviser President Bush, and then Fed Chair since January of 2006" missed the $8 trillion housing bubble.
Baker also noted that:
"The problem is the economy faces is not enough demand or spending. We had a housing bubble that was creating a huge amount of demand. That demand has disappeared...Austerity takes us the wrong way. We are going to deal with the shortfall in demand by having less demand. It’s the wrong solution to this problem."
And the shortfall in demand is the reason why the economy has been so slow to recover. And as unemployment has remained high, wages have fallen, further compounding the problem.

As Minnesota Public Radio noted:
"Overall, median wages in Minnesota for open jobs have fallen from $11 an hour in the fourth quarter of 2007 at the cusp of recession to $10.19 an hour in the second three months of 2010, about a 7 percent drop."
Of course, the push for austerity measures has several other benefits for the GOP. If it is successful at keeping the economy sluggish over the next two years, the GOP can use this to win the White House in 2012. This from the same group whose last Presidential nominee ran on the platform of "Country First".

sources:

http://www.theliberaloc.com/2010/12/22/austerity-whos-really-paying-for-the-great-recession/

http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=04&year=2010&base_name=ben_bernanke_who_missed_an_8_t

http://minnesota.publicradio.org/collections/special/columns/minnecon/archive/2010/09/wages-new-jobs-and-the-recession.shtml

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THESPORTCAPITAL1046 reads

took this einstein 2 years to figure out to lowertaxes. duh, this genius thought pelosi  and reid knew everything, he didnt know corporations controlled  america not politicans. all meatheads like archie bunker would say voted him. yeah all you north carolina independents waiting on voting lines, like you guys are working, and you really believed all brainwash he fed you. i guess not going to college hurt your intellect. black panther in philadelphia really knew what was good for america, hey charles barkley obama is a great president isnt he. where are all athletes who pushed him. obama is a puppet, and in 2 years he will brag how he turned country around, iam lol, i told you so,

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willywonka4u1451 reads

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THESPORTCAPITAL1390 reads

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willywonka4u1754 reads

...that businesses got yet another massive tax break on accelerated depreciation and capital gains.

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anonymousfun1019 reads

Posted By: willywonka4u
I avoid copying & pasting, but the following summed this up better than I could.
"Merriam-Webster announced that the 2010 Word of the Year is Austerity. Defined as “enforced or extreme economy,” it has been presented as a solution to state and local budget shortfalls as we head into the fourth year of the deepest economic downturn since the Great Depression."

"Breaking government, starving the beast, is the goal of anti-government GOP officials...who are now focused on using the ruse of austerity as a means to that end."

"In New Jersey, Governor Chris Christie recently hinted in a ’60 Minutes’ interview that his state may default on its pension obligations", stating, “If you don’t partner with me to get this done, in ten years you won’t have a pension”.
Economist Dean Baker noted:
"Federal Reserve Chairman Ben S. Bernanke warned that growing budget deficits imperiled the economy's long-term stability." This is the same Bernanke who as "a Federal Reserve Board governor from 2002 to 2005, chief economic adviser President Bush, and then Fed Chair since January of 2006" missed the $8 trillion housing bubble.
Baker also noted that:
"The problem is the economy faces is not enough demand or spending. We had a housing bubble that was creating a huge amount of demand. That demand has disappeared...Austerity takes us the wrong way. We are going to deal with the shortfall in demand by having less demand. It’s the wrong solution to this problem."
And the shortfall in demand is the reason why the economy has been so slow to recover. And as unemployment has remained high, wages have fallen, further compounding the problem.

As Minnesota Public Radio noted:
"Overall, median wages in Minnesota for open jobs have fallen from $11 an hour in the fourth quarter of 2007 at the cusp of recession to $10.19 an hour in the second three months of 2010, about a 7 percent drop."
Of course, the push for austerity measures has several other benefits for the GOP. If it is successful at keeping the economy sluggish over the next two years, the GOP can use this to win the White House in 2012. This from the same group whose last Presidential nominee ran on the platform of "Country First".

sources:

http://www.theliberaloc.com/2010/12/22/austerity-whos-really-paying-for-the-great-recession/

http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=04&year=2010&base_name=ben_bernanke_who_missed_an_8_t

http://minnesota.publicradio.org/collections/special/columns/minnecon/archive/2010/09/wages-new-jobs-and-the-recession.shtml

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digem-all1021 reads

Part of the electorate that chooses to believe rhetoric over fact.  The fact that the TARP was absolutely necessary to prevent the nation from sliding into another Great Depression...

The fact that the Stimulus granted the middle-class the huge number of tax cuts and that the Stimulus did indeed stave off higher unemployment and did help the economy.  States already hurting would be in even worse condition if it wasn't for the monies received from the stimulus.

Quit drinking the Kool-Aid and think for a change.

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charlie445787 reads

Austerity is for the middle and working classes. Its a way to force those classes to pay the debts of the capitalist class. I say if those classes buy into austerity then they deserve the hardships that come with it.

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