Government spending increased by a whopping 18% in a single year 2008-2009, more than doubling the federal deficit, and the deficits have remained enormous throughout Obama's tenure.
If you think that's scary, check out 2030 when all the baby boomers are retired, retirees outnumbers workers, and two-thirds of the federal budget goes to Medicare/Social Security. Taxes and/or debt will have to go way up to pay for everything else.
Cranking up government borrowing to pad the GDP numbers and pretending it's a "recovery" is like running up the balance on all of your credit cards and pretending that you got a raise.
You're confusing personal debt with sovereign debt. They're not the same thing. If you treat government spending like a family budget, the economy will got into a depression. Something that happened periodically during the 19th century before the Fed came into existence.
Granting the data is very noisy and cases are not equal.
The data is quite clear between the US (stimulus) versus Europe (austerity).
Why America's economy has recovered while Europe remains stuck near recession is largely a factor of two forces: Europe by and large chose the path of fiscal austerity while America chose stimulus, and America also has control over its own currency, while member states under the euro currency do not. Most economic analyses of the last four years begin and end there, concluding that the dual force of fiscal contraction and monetary skittishness has unreasonably slowed Europe's recovery and cost its economy dearly. Oxfam International estimates austerity across European governments could leave twenty-five million of its citizens in poverty by 2025.
Bill Clinton co-opted the Republican playbook by adopting welfare reform, making it a Democratic issue. Barak Obama co-opted the Republican playbook on taxes, foreign policy and healthcare, making those Democratic issues. The Republican Party has nothing to run on in 2016.
The economy generally does better under a Democratic administration than a Republican administration. For example, eight years of George W. almost plunged the country into another Great Depression. Nearly eight years of Obama has brought the country out of a very deep hole. That has nothing to do with campaign contributions to individual candidates.
Man! Wait till the derivatives markets start goin' belly up! We are in for a good show!
If Trump wins the election, expect the stock market to crash. If Clinton wins the election, expect the stock market to soar. Based on available information, I'm expecting the stock market to soar.
Can anyone provide a real answer to the question? I doubt it.
Someone else might find it useful today, tomorrow or 300 years from now. That's the nature of scientific research. How far would have Einstein have gotten without Newton?
To you and everyone else who uses the "go outside" meme - the internet is not some weird geeky subsection of humanity any more.
There's a difference between "going outside" and "getting a life". If a situation gets too tense, take a break. For some people, getting a life is a better solution.
The other thing is that this kind of thing follows you forever and anywhere you go.
Maybe, maybe not. I was out of work for two year (2009-10), underemployed for six months (working 20 hours per month), and filed for Chapter Seven bankruptcy in 2011. Five years later, the bankruptcy haven't affected my life in any noticeable way. I quickly re-established credit, have a good credit score, and pass every credit check imposed by an employer. My credit union even gave me a good rate on a short-term loan. Bankruptcy isn't the badge of shame that it used to be.
Slashdot Mirror
Europe's 'austerity' was more stimulus than America. Much more.
Greece would disagree with you.
Never trust words when used by a politician.
I read The Wall Street Journal for my financial information.
Government spending increased by a whopping 18% in a single year 2008-2009, more than doubling the federal deficit, and the deficits have remained enormous throughout Obama's tenure.
If you think that's scary, check out 2030 when all the baby boomers are retired, retirees outnumbers workers, and two-thirds of the federal budget goes to Medicare/Social Security. Taxes and/or debt will have to go way up to pay for everything else.
Cranking up government borrowing to pad the GDP numbers and pretending it's a "recovery" is like running up the balance on all of your credit cards and pretending that you got a raise.
You're confusing personal debt with sovereign debt. They're not the same thing. If you treat government spending like a family budget, the economy will got into a depression. Something that happened periodically during the 19th century before the Fed came into existence.
Clinton owned the first .com bubble and collapse. As much as politicians can own economics.
I put the blame on Fed Chairman Alan Greenspan, the common denominator for all the bubbles in recent times.
Granting the data is very noisy and cases are not equal.
The data is quite clear between the US (stimulus) versus Europe (austerity).
Why America's economy has recovered while Europe remains stuck near recession is largely a factor of two forces: Europe by and large chose the path of fiscal austerity while America chose stimulus, and America also has control over its own currency, while member states under the euro currency do not. Most economic analyses of the last four years begin and end there, concluding that the dual force of fiscal contraction and monetary skittishness has unreasonably slowed Europe's recovery and cost its economy dearly. Oxfam International estimates austerity across European governments could leave twenty-five million of its citizens in poverty by 2025.
http://www.worldaffairsjournal.org/article/two-speed-recovery-us-vs-eu
Pick your poison.
Clinton. As a moderate conservative, I can't support Trump.
Yes, but this is a moving target.
Bill Clinton co-opted the Republican playbook by adopting welfare reform, making it a Democratic issue. Barak Obama co-opted the Republican playbook on taxes, foreign policy and healthcare, making those Democratic issues. The Republican Party has nothing to run on in 2016.
Just look at Obama. $10T to $19T sure doing a good job there
Should have been larger. The stimulus was way too small for a robust recovery.
Your way implies the fool and his money leave together.
Well, duh. The fool and his money have to leave together before they can be parted later.
You're correct. It's not Biblical — and predates Shakespeare (the other bible).
http://www.knowyourphrase.com/phrase-meanings/fool-and-his-money-are-soon-parted.html
The economy generally does better under a Democratic administration than a Republican administration. For example, eight years of George W. almost plunged the country into another Great Depression. Nearly eight years of Obama has brought the country out of a very deep hole. That has nothing to do with campaign contributions to individual candidates.
Man! Wait till the derivatives markets start goin' belly up! We are in for a good show!
If Trump wins the election, expect the stock market to crash. If Clinton wins the election, expect the stock market to soar. Based on available information, I'm expecting the stock market to soar.
According to the Bible: "A fool and his money soon departs."
Wouldn't surprise me if this unicorn gets grounded down to a nag in the near future.
Based on the various titles in the HR system at my job: I'm a computer engineer doing senior system admin tasks at a desktop tech pay rate.
I read mixed reviews about the Jovian shark fin soup.
Don't worry, Canadians don't spend much money on astrobiology.
Not that southern border, the other southern boarder. Do you think Mexicans like Central and South Americans taking their jobs?
Cut the funds for astrobiology and instead use them to secure our southern border.
Cut the funds to secure our southern border to train young people to become skilled tradesmen to rebuild America.
Can anyone provide a real answer to the question? I doubt it.
Someone else might find it useful today, tomorrow or 300 years from now. That's the nature of scientific research. How far would have Einstein have gotten without Newton?
That killer kelp may not make for great sushi.
In short, don't let Von Neumann probes run wild on distant planets.
https://en.wikipedia.org/wiki/Self-replicating_spacecraft#Von_Neumann_probes
What is the difference between a good male and a good female programmer, except that the latter makes the diversity freaks happier?
Boobs. Hand in your geek cred and don't let the door hit your ass on the way out.
Hackers already got my background investigative interview file from the government. LinkedIn data will confirm my employment dates.
To you and everyone else who uses the "go outside" meme - the internet is not some weird geeky subsection of humanity any more.
There's a difference between "going outside" and "getting a life". If a situation gets too tense, take a break. For some people, getting a life is a better solution.
The other thing is that this kind of thing follows you forever and anywhere you go.
Maybe, maybe not. I was out of work for two year (2009-10), underemployed for six months (working 20 hours per month), and filed for Chapter Seven bankruptcy in 2011. Five years later, the bankruptcy haven't affected my life in any noticeable way. I quickly re-established credit, have a good credit score, and pass every credit check imposed by an employer. My credit union even gave me a good rate on a short-term loan. Bankruptcy isn't the badge of shame that it used to be.
If you're contemplating suicide based on something going on with the Internet, you have lost perspective and need to go outside.