i'm a fairly neoclassical economist. i don't think that the government can do a ton to help or save an economy, nor do i think they necessarily should.
but look at the SP 500 (INX) on google
how can people argue that obama's administration hasn't helped the economic climate improve? do they think it would be even better if obama's administration took the laissez-faire approach? or do they think that he should have spent even more money?
all trend data reported in the wall street journal (WSJ) also show continually improving economic indicators.
macroeconomics is difficult, most theories are not supported by evidence, so we just do the best we can.
but look at the SP 500 (INX) on google
how can people argue that obama's administration hasn't helped the economic climate improve? do they think it would be even better if obama's administration took the laissez-faire approach? or do they think that he should have spent even more money?
all trend data reported in the wall street journal (WSJ) also show continually improving economic indicators.
macroeconomics is difficult, most theories are not supported by evidence, so we just do the best we can.
lucas from the financial side...
obama has done nothing to solve core problems. he had a real opportunity to make some changes for the first time in decades and he let it slip by. Instead he focused on healthcare. Most folks I know think that was a huge mistake.
Simple fact is... if the chinese economy collapses... and it's dangerously close to that... we may not be able to survive the blowback. We've built a house of cards on top of a sand dune.
obama has done nothing to solve core problems. he had a real opportunity to make some changes for the first time in decades and he let it slip by. Instead he focused on healthcare. Most folks I know think that was a huge mistake.
Simple fact is... if the chinese economy collapses... and it's dangerously close to that... we may not be able to survive the blowback. We've built a house of cards on top of a sand dune.
so what should he have done, and how should he have done it?
please realize the executive authority is extremely limited--most governmental action requires cooperation with at least one other branch of government. i feel like too many people forget this.
please realize the executive authority is extremely limited--most governmental action requires cooperation with at least one other branch of government. i feel like too many people forget this.
Should never have released any funds into the federal reserve without a hell of a lot more of an audit trail than... FUCK OFF CONGRESS... WE DO WHAT WE WANT!
I mean seriously.
We need some reforms in our international trade agreements some protective measures for american industrial businesses.
Need an increase in incentives for new businesses in the US, and a HUGE decrease in bad legislature that stands in the way.
I could go on...
I mean seriously.
We need some reforms in our international trade agreements some protective measures for american industrial businesses.
Need an increase in incentives for new businesses in the US, and a HUGE decrease in bad legislature that stands in the way.
I could go on...