It's all your fault ... you mean old dirty rotten nasty evil selfish right wing nuts!
P.S. There wasn't enough room in the headline box to add the mandatory Barf Alert ... sorry.
Posted on 07/27/2012 1:58:26 PM PDT by Zakeet
Today’s weak economic growth numbers were as predictable as they are disheartening — and the blame lies squarely with those who opposed the president’s American Jobs Act nearly a year ago, and have in fact opposed an array of sensible economic policies to expand public investments that create jobs and economic growth ever since President Barack Obama took office
[Snip]
Economists have known at least since last summer’s debt ceiling standoff in Congress that an economic slowdown was a high probability outcome if policy makers failed to reverse steep retrenchments in public investments that create jobs and strengthen growth. The tremendous uncertainty created by the political spat stalled private investment and hiring at the same time that public investments in education, infrastructure, and energy efficiency, and social safety net programs such as unemployment insurance were running to the end of their terms for many out-of-work Americans.
[Snip]
This is why Obama proposed the American Jobs Act in September. This would have strengthened the economy through job-creating and growth-enhancing public investments in education and transportation infrastructure, and by providing support for those most vulnerable and hit hardest by economic pressures. ... And Congress accomplished next to nothing. Senate conservatives filibustered key elements of the proposal, and the Republican-controlled House of Representatives voted 33 times for a deficit-increasing repeal of health-care reforms, but not once on a credible policy to spur jobs and growth.
(Excerpt) Read more at marketwatch.com ...
It's all your fault ... you mean old dirty rotten nasty evil selfish right wing nuts!
P.S. There wasn't enough room in the headline box to add the mandatory Barf Alert ... sorry.
A reduction in gov spending WILL impact the economy, there is no doubt, no possible argument. But this myopic view, that a government can spend itself and its people indefinitely into debt, is a recipe for death and long term slavery.
if he wins in nov he is gonna have a hell of a mess left by the last guy to clean up...
the author is a moron.
Looks like they'll publish ANYTHING!
“Adam S. Hersh is an economist with the Center for American Progress, a think tank in Washington.”
Ah, the Center or American Horsesh**. Figures.
Where is the barf warning?
Good one! LOL
“Adam S. Hersh is an economist with the Center for American Progress, a think tank in Washington.”
Center for American Progress is a think tank funded by Soros and run by progressive shills for the Food Stamp President.
Oxymoronic BS as typically executed.
‘WE’LL tell you rubes when we’ve run out of other people’s money, in the meantime STFU.’
These guys assume government spending is all benefit, no cost. They love to talk about the spending multiplier.
Well guess what, there’s an even bigger taxing divider. Every dollar extracted by force from the private economy is a dollar that won’t be spent or invested.
Adam. Why didn’t the obama regime pass this bill during his first two years when they had complete control. That kind of takes the wind out of your attempt at a hit piece doesn’t it. Center for American Progress. If you told the real story wouldn’t that be CENTER FOR AMERICAN COMMIES. The left fraudulently elected this FOREIGNER. They continue to support the WORST ANTI AMERICAN PRESIDENT IN THE HISTORY OF THE U.S.. Come November it ain’t gonna be pretty for obama and the socialist democratic frauds.
Tried the "austerity" complaint with the wife, a while back, blaming her fiscal responsibility habits were at fault for our decreasing quality of life.
On the other hand, she knew I was making a joke.
How much more empirical evidence does one need to drop this so called economic theory?
Mr. Hersh, let us debate one on one in the public forum. Shall we?
5.56mm
It's a tank alright, but not of the think variety.
In reconstructed Keynesian.
IOW, an ass.
**** every single communist pos in America.
LLS
LLS
Adam S. Hersh is a socialist. Contracting the government will impact the economy in a positive way.
Obamacare and Bushcare should be two of the first things cut. Another place to cut that would dramatically improve the economy is to do away with our single payer socialized schooling industry. All levels of government should eliminate their single payer socialized schooling schemes and institute a free market capitalist system.
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