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This Recession Is Not Like the Others
American Spectator ^ | 8.12.10 | Ron Ross

Posted on 08/16/2010 9:16:49 PM PDT by neverdem

As they used to say on Sesame Street, "One of these things is not like the others, one of these things is not the same." The current recession "is not like the others." At 33 months it is already more than three times longer than the average length of the other ten recessions we've had since WWII. There are no clear signs it will be ending anytime soon. Glimmers of a recovery appear from time to time, but most indicators remain depressed and many are worsening. On balance, the outlook is more negative than positive. Not since the Great Depression have we had two consecutive years of unemployment in excess of nine percent. What we're seeing is economic stagnation.

Something else about the current situation that "is not like the others" is the defeatism of those in charge. President Obama's economic advisors, Tim Geithner and Larry Summers specifically, have been warning that unemployment could remain painfully high for years to come. Vice President Biden has declared that we may never regain the eight million jobs lost over the past two years...

--snip--

The president is losing the support of even his most ardent supporters. Arianna Huffington, for example, said recently, "The president put all his trust in the wrong economic team -- an economic team that didn't understand what was happening."

The injuries done by the Obama administration are painful but not fatal. The U.S. economy has fundamental strengths that will allow it to recover eventually in spite of the damage done by the Obama administration.

More and more, voters are recognizing that electing Barak Obama president was a terrible mistake. In November they will have opportunities to begin reversing that mistake and start undoing the damage. As Sarah Palin said recently, "From my house I can see November."

(Excerpt) Read more at spectator.org ...


TOPICS: Business/Economy; Constitution/Conservatism; Editorial; Politics/Elections
KEYWORDS: debt; financialcrisis; greatrecession; keynesian; recession
This recession was caused by a financial crisis fueled by bad debt like the Great Depression, unlike the minor recessions since World War II. Financial crises are different animals. We're screwed with these knuckleheads in the White House trying Keynesian stimuli. We're just piling up debt. With all of our deficit financing, we we're should never go into any recession if Keynesian stimuli worked.
1 posted on 08/16/2010 9:16:53 PM PDT by neverdem
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To: neverdem

This recession is desired by Obama and company. They want to prolong it and make it worse.


2 posted on 08/16/2010 9:19:29 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: neverdem

As a fast growing small biz owner I can tell you with absolute certainty that the current admin has guaranteed we will not hire a single person till this admin is gone and this threat of socialism in both parties dissapears.

I will spend 100’s of thousands on automation before I will gamble on what the government decides employees will cost.


3 posted on 08/16/2010 9:26:14 PM PDT by liberty or death
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To: Secret Agent Man

Never let a good crisis go to waste!


4 posted on 08/16/2010 9:27:31 PM PDT by The Magical Mischief Tour
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To: The Magical Mischief Tour

man made disaster = national terrorism on the American people orchestrated by the 0bamnistas


5 posted on 08/16/2010 9:33:40 PM PDT by spokeshave (mess + 0bama = quagmire recession)
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To: neverdem

It will begin to end Nov. 2 2010 and really start rocking Nov. 2 2012


6 posted on 08/16/2010 9:38:20 PM PDT by Porterville ( I have come here to chew bubble gum and kick ass, and I'm all out of bubble gum)
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To: neverdem

It will begin to end Nov. 2 2010 and really start rocking Nov. 2 2012


7 posted on 08/16/2010 9:38:23 PM PDT by Porterville ( I have come here to chew bubble gum and kick ass, and I'm all out of bubble gum)
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To: neverdem

Obama has managed to to remove any certainty from the economy.

For example:

Nobody knows what will result from the healthcare legislation.
Nobody knows what will result from the financial reform legislation.
Nobody knows what is coming next.

Obama could cut taxes in half next week and this economy will not move forward until the people have confidence in what the future holds.


8 posted on 08/16/2010 10:44:01 PM PDT by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: liberty or death

As a fast growing small biz owner I can tell you with absolute certainty that the current admin has guaranteed we will not hire a single person till this admin is gone and this threat of socialism in both parties disappears.

Please shout that a thousand times.

"Small," however defined, and growing businesses are the very heart of confidence and innovation and enterprise. And most profoundly, with the communication technology of today, "small" business can compete with and obliterate "big" business, in the technical realm. But not in the political/lobbyist realm. So that when you say "socialism in both parties" that is exactly relevant. It is both parties. It is powerful secretive DC lobbying for protection and influence.

The future is in the dynamism of "small and growing" business, and when uncertain Leftist agenda's are lorded over the potential entrepreneurs the entire future of the "economy" is sold down the river. We are ardent conservatives, but in no way does that mean we do not realize that much of "Big Business" is every bit as fascist/socialist as the current federal government.

There are many examples, for instance how many "Big Businesses supported the Healthcare takeover, so that they are free of the burden. Or how many "Big Businesses" threatened for bailout or the "economy" would collapse?

Conservatism is the exercise of personal responsibility by each and every citizen, eliminating the tragedy of centralized authoritarian whim and dependence. How many people would we hire if they took care of their own healthcare, savings, retirement, family, transportation, etc?

With modern communication we each have access to the options, and the many nascent possibilities, and we each should assume responsibility for such. Looked at like this, what Leftism is, as the tagline below declares, becomes real real obvious.

9 posted on 08/16/2010 10:45:36 PM PDT by jnsun (The Left: the need to manipulate others because of nothing productive to offer.)
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To: neverdem

I HATE when those lyrics are misquoted.

Ok, so I’ve got some issues.......


10 posted on 08/16/2010 11:40:33 PM PDT by onona (dbada)
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To: neverdem

Oh, for crying out loud. This recession is different because after the “fake” jobs disappeared...those sustained by the overinflated housing market....the game of musical chairs stopped. After a decade or more of this stupidity, we are FINALLY seeing the actual results of moving millions of jobs out of this country.

Anyone with a brain, and without an agenda could clearly see the end result. But the silly fools (mostly on our side by the way) who pushed the “service economy” BS had the bullhorn and convinced the masses that we were going to live high on the hog with clean hands in some sort of economic utopia.

We need to create jobs that produce wealth. With our current crop of, ahem, “representatives” who are bought and paid for by the people who benefit most from living in this new economic global “utopia”...good luck with that!

I agree that it was caused by “bad debt.” But ask yourself why they would have allowed such a thing to go on? They were buying time while they completely stripped the economy to the bones...couldn’t have the peasants getting restless, now could we? I do think that the thing crashed well before they were completely finished with their goals (hence the shocked and panic that ensued) so we may still have hope. I believe that they have gotten a clue that the American people will “not go gentle into that good night.”


11 posted on 08/17/2010 12:34:47 AM PDT by garandgal
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To: Erik Latranyi
Obama could cut taxes in half next week and this economy will not move forward until the people have confidence in what the future holds.

That's exactly right.

And it will take more than regime change to end that. For example, if we were to suddenly get Sarah Palin as POTUS, people would still be as unsure, if not more so.

12 posted on 08/17/2010 2:14:41 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: onona
I HATE when those lyrics are misquoted.

You're not alone. In fact, it's very clear that one of these things doesn't belong...


(..though I don't know what a Minneostan is.)

13 posted on 08/17/2010 2:20:17 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: jnsun
We are ardent conservatives, but in no way does that mean we do not realize that much of "Big Business" is every bit as fascist/socialist as the current federal government.

Anyone who doubts this should read Under the Axe of Fascism by Gaetano Salvemini. Originally published in 1936, it makes it quite clear that Big Business is at the core of fascist economic policy. The parallels to Bush/Clinton/Bush/Obama policy are dramatic.

14 posted on 08/17/2010 2:24:08 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: neverdem
"As Sarah Palin said recently, "From my house I can see November."

Oh that is rich! I'm stealing it.

15 posted on 08/17/2010 6:43:49 AM PDT by cookcounty ("From My House I can See November!" ---Sarah Palin)
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To: neverdem
The president is losing the support of even his most ardent supporters. Arianna Huffington, for example, said recently, "The president put all his trust in the wrong economic team -- an economic team that didn't understand what was happening."

What do you mean Arianna?? They are all marxists. Including Obama. What the h*ll did you expect!

16 posted on 08/17/2010 7:00:45 AM PDT by painter (No wonder democrats don't mind taxes.THEY DON'T PAY THEM !)
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To: painter
Is this the team she expected better from?
17 posted on 08/17/2010 7:07:10 AM PDT by csmusaret (A government that can dictate how much water flows into a toilet is a powerful government indeed.)
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To: painter
Maybe Arianna was pinning her hopes on Harry Reid... . .
18 posted on 08/17/2010 7:10:30 AM PDT by csmusaret (A government that can dictate how much water flows into a toilet is a powerful government indeed.)
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To: csmusaret
Must be.

On election night Michel Moore was saying capitalism was dead. They are trying to kill it. Now the economy is in the tank and they are wondering what happened.

19 posted on 08/17/2010 7:14:48 AM PDT by painter (No wonder democrats don't mind taxes.THEY DON'T PAY THEM !)
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To: The Magical Mischief Tour

For the whole series of Zero dollar art, go here:

"Flickr Archive of Zero Artwork"

20 posted on 08/17/2010 12:48:49 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: neverdem

......We’re screwed with these knuckleheads in the White House trying Keynesian stimuli......

The keynesian stimuli are the figleaf covering the raid on the treasury

The current exercise is robbery, pure and simple.


21 posted on 08/17/2010 4:50:43 PM PDT by bert (K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming)
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To: neverdem
It's not just the agenda, it's also that he is spending you into bankruptcy.
22 posted on 08/17/2010 5:03:42 PM PDT by fanfan (Why did they bury Barry's past?)
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