Politics Thread

[Caf]

Not really the countries that imposed austerity were not that much worse off than the US that spent Trillions for 8 years of stagnation.

Oh, and there's a wide gap between the "stimulus" and austerity. It's called sanity which was delivered post 2010.

Are you referring to the weak stimulus package that still managed to end the recession or the new deal that ended the depression?

Also stagnation is significantly better than recession, so not sure what your point is there.

[XU 87]

No, I should have used the word "economists".

And I have the same response.

[GoMuskies]

the new deal that ended the depression?

You misspelled World War II

[XU 87]

Are you referring to the weak stimulus package that still managed to end the recession or the new deal that ended the depression?

The New Deal didn't end the depression.

[xu95]

You misspelled World War II

My thought exactly. All of the industry that started getting jobs and orders from the federal government is what ended the depression.

xu95

[Strange Brew]

WTF? Your answer makes no sense. How can you talk about Obama's "results" when the Republicans prevented him from implementing the kinds of fiscal policy needed to expedite the recovery? And please explain why large deficits are now fine to Republicans but were incredibly dangerous to the economy under Obama.

Um, because the results of the first two years of his fiscal and regulatory policy made things worse. And your analysts/dreamers guaranteed the stimulus would keep unemployment under 8%. They were waaaay wrong so I'll take the actual results into consideration not the musings of academic know nothings.

Oh, still waiting on that stock market correction...
And It's been more than a year and Trump is still POTUS..
You're not even a broken clock these days

[X-man]

And I have the same response.

I see. So economists have nothing to offer on the question of economic policy because they don't agree with your bias?

[ArizonaXUGrad]

It's not a particularly controversial statement. With the exception of Italy, Europe is incredibly secular.

https://www.washingtonpost.com/news/...=.d7cfe78a23df

Yeah so a place like Germany even funnels tax money to churches. Poles are one thing, being religious is another. I have not seen anything like religion in Europe in the US except maybe the Bible Belt. It is not the case here.


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[Caf]

You misspelled World War II

Definitely was the point that ended it completely, but if FDR hadn't cut back on the stimulus the depression wouldn't have returned.

[X-man]

Um, because the results of the first two years of his fiscal and regulatory policy made things worse. And your analysts/dreamers guaranteed the stimulus would keep unemployment under 8%. They were waaaay wrong so I'll take the actual results into consideration not the musings of academic know nothings.

Oh, still waiting on that stock market correction...
And It's been more than a year and Trump is still POTUS..
You're not even a broken clock these days

Um, how did they make things worse? I thought you had studied some economics at Xavier. If you had learned anything, you would know that (1) recessions, particularly those triggered by financial market meltdowns (makes Say's Law inoperable) take several years to work through, and (2) monetary policy won't work very well under these circumstances (particularly when they have hit the ZB constraint) so fiscal policy (the kind that Republicans prevented Obama from implementing because they were SO WORRIED about deficits back then...now, not so much) must be used under those circumstances. But hey, your friend XU87 claims economists know nothing. So people trained in these areas should be ignored in favor of lawyers and political hacks who base all decisions on policy solely on their philosophical biases.