all the liberal idiots that come here will once again not be able to explain how this is not the fault of socialism or how it is the fault of bush or fox news..(see post two back where they said nothing)
why in the hell would we move toward something that has never worked ever in the history of the world
it's like we are running into the burning building while everyone else is running out
IRELAND ON THE BRINK...
...TOLD TO TAKE EU BAILOUT
PORTUGAL HITS PANIC BUTTON...
GREECE: DEFICIT MUCH BIGGER THAN ESTIMATED...
Tuesday, November 16, 2010
socialism destroying countries
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8 comments:
Ireland is really in a desperate way...they need to start printing more money...
Progressives make self-immolation an art form.
Awww.... you're so cute when you try to understand economics.
Why don't you go back to blaming all the evil in the world on liberals, and forget about trying to explain how giving mortgages to poor people in America caused the collapse of the Irish economy.
again, have nothing so insult...
Realism said...
Awww.... you're so cute when you try to understand economics.
Please, PLEASE, educate us poor simpletons!
How is it that government agencies are better stewards of a dollar than the private sector….?
"have nothing so insult..." - Thinking of changing the title of your blog? This would be very appropriate...
"How is it that government agencies are better stewards of a dollar than the private sector"
Well, dum dum, when you are experiencing slow economic growth due to a lack of demand, government spending creates demand that can stimulate private investment. There's no crowding because there's such a low level of private investment, and there's little worry about deficit spending pushing up inflation because inflation is extraordinarily low right now anyway, and if if it does start to creep up, we can easily deal with it by raising interest rates.
So it's not a question of who is a "better steward" as you so stupidly put it, but rather who is in a better position to act counter-cyclically to smooth out the peaks and valleys of the business cycle. The idiotic republicans did just the opposite during Bush's term, overheating the economy and enacting stimulative policies during an economic peak instead of paying down the unfunded Medicare legislation and wars they simply added to our deficit. But what did they care? They achieved their goal of redistributing a vast amount of wealth from the bottom 90% to the top 1%. Class warfare indeed.
Post hoc ergo propter hoc
I love how you are stupid enough to use Ireland, the Celtic Tiger, as an example of socialism. The same country that was lauded by the Heritage Foundation for their excellent observance of conservative economic principles- http://www.heritage.org/research/reports/2006/06/how-ireland-became-the-celtic-tiger
I guess the conservative economic policies there wrecked the economy just like they did here. It's awesome how conservative economics can turn a period of excellent economic growth and budget surpluses into financial ruin in less than ten years. Add that to the miserable economic performance under the Bush admin, and we can clearly see how your policies have been discredited.
Overall monthly job growth was the worst of any cycle since at least February 1945, and household income growth was negative for the first cycle since tracking began in 1967. Women reversed employment gains of previous cycles. And for African Americans, the worst job growth on record was matched by an unprecedented increase in poverty.
http://www.americanprogress.org/issues/2009/02/pdf/picker_jobs.pdf
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