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The Dems expanded the stimuli Bush started without making sure the money would go toward investment in job creation instead of bonuses and higher stock prices for the financial manipulators who had a lot to do with the bubble that burst.
I'm not convinced that the stimuli prevented a greater depression, but it certainly didn't do much to make a big dent in unemployment.
My responses in bold.
Dems have NOT attacked the basic problems that caused the loss of jobs and wealth and income disparity either. Where is action on a balanced budget or fixing the tax system?
They have. They passed a stimulus bill in 2009 that prevented the recession from becoming another great depression. While it may not have solved the entire problem, it did put a brake on the loss of jobs and actually turned the corner. Most economists say that the major problem with the stimulus was that it was not big enough and only a one shot. Balancing the budget would take longer. The analogy is it does not make sense to worry about conserving water when the house it on fire. First put out the fire and then address the issue of conserving water.
Reid doesn't even bring up a budget for debate and change! Obama increased the stimuli that went primarily to big business and financial manipulators.
The Fed. pumps up Wall Street that increases wealth disparity without creating jobs or bringing them back here.
ACA was a poor attempt to get control over the basic health system problems that divided the country and caused the ouster of so many Dems that the House changed leadership in '10 and the Senate would have if more had to stand for reelection.
quote by grey:"
But for that bill…. I do not care what side any of us are on… But for that bill.
However, I do have one complaint about that bill. It should have used checks to tweak our economy instead of the tax-rate changes it used to do that. Why?
Before the crash, what was our #1 national problem? Our federal tax-rates were too low. That bill made our economy better by making that problem worse. The sad thing about that is….
Hopefully, the next time our economy cycles down, our Congress and our state governments will use checks instead of tax change to do their economic stimulus."
Posted by alotofgrey