In response to:

The Four Lies About the Economy That Obama Needs Voters to Believe

jcarter357 Wrote: Jun 07, 2012 12:20 PM
Larry Elder vs. Krugman and Stiglitz ? LOL! You make cuts and pay down debt in good times not bad.
Earl29 Wrote: Jun 07, 2012 6:06 PM
Typical Keynesian malarkey, Mr. Carter. Give my regards to your family.
Brent150 Wrote: Jun 07, 2012 1:06 PM
Except that never ends up happening. Politicians get a whiff of a surplus and they go crazy trying to spend it to get re-elected. There are almost zero examples of austerity ever actually being tried. When it is actually tried, it works. Almost no nation in Europe is actually spending less this year than in past years, regardless of how much Krugman criticizes them for their non-existent "Austerity Measures". http://www.latimes.com/news/opinion/commentary/la-oe-derugy-austerity-gets-bad-rap-20120517,0,1723259.story
jcarter357 Wrote: Jun 07, 2012 1:39 PM
The national debt was supposed to be paid off on Dec 31 2009 ... the Bush tax cuts changed all of that
Scrap Iron in Texas Wrote: Jun 07, 2012 2:42 PM
Are you really that simple?
The "Bush tax cuts" brought in MORE revenue to the treasury (go ahead and check the figures).
Problem is, politicians, being the scum they are, kept spending even MORE on NEW programs (that I maintain are uncomstitutional).
Earl29 Wrote: Jun 07, 2012 6:10 PM
Nonsense. The tax cuts increased revenue. Get out of the Keynesian box.
The national debt is much higher than the official figures. It will never be paid off unless we consign Keynesian economics to the ash heap of history.
Earl29 Wrote: Jun 07, 2012 6:12 PM
pascagoulapappy Wrote: Jun 07, 2012 8:12 PM
Put a little more water in next time.
Moonbat Exterminator Wrote: Jun 07, 2012 1:00 PM
Democrats see more money coming in during good times and theink "Oh boy, we can spend even more!!" Making cuts and paying down debt are unknown to them.
jcarter357 Wrote: Jun 07, 2012 1:38 PM
Republicans during the Bush admin proved you WRONG .. they spent like drunken sailors with no money in the govt coffers
Earl29 Wrote: Jun 07, 2012 6:07 PM
They were darn near as bad as Democrats.

President Barack Obama's re-election turns on his ability to convince voters that 1) Obama inherited a "Great Recession," 2) every "independent" economist supported the "stimulus," 3) "bipartisan" economists agree that Obama's stimulus worked, and 4) as actor Morgan Freeman puts it, racist Republicans say, "Screw the country ... we're going to do whatever we can to get this black man outta here" -- nothing to do with deeply held policy differences.

That's a lot of merchandise to push.

1) Take this "Great Recession" business.

Remember the "misery index"? The term, popularized by former President Jimmy Carter, used to mean inflation plus...