WOW....look at the DOW

[spence]

Originally Posted by Jim in CT

Yes Spence. Scott posts objective, irrefutable facts, and your response, in true liberal fashion, is to accuse him of anti-Obama bias.

He didn't post facts, he posted people's one sided opinions. An objective post would have assessed multiple viewpoints.

Spence, what, precisely, about the economy is sound? Our debt is almost $17 trillion (with that pesky $100 trillion entitlement shortfall hanging over our heads like a chainsaw of Damacles), unemployment is still way up, wages are still way down, healthcare costs are through the roof, housing prices are way down, the GDP shrank last quarter.

Have you noticed that every time you mention entitlement spending you add another 10 trillion to the number?

GPD was down because of reduced military spending...in the same quarter private spending was up, business investment was up, home construction was up and inventories are down.

I guess if you want to take a pessimistic viewpoint and argue that everything is terrible that's all you're ever going to see. What's important is the trend and the trends on most economic measures are positive.

Spence, are you aware of any situations when all those things occurred under a conservative President, and people were not complaining?

According to Detbuch we haven't had a conservative president since Coolidge, so I'm afraid I couldn't really say...

The one thing that's up is the stock market. And I'd guess that irks Obama, because according to him, all that does is help the rich fat cats who already aren't paying their fair share.

A big reason the market is up is because the Street is gaining confidence in the broader economic picture.

I'd think Obama must love it, better economy with more people working and more people paying taxes to help us get this deficit down.

-spence

[detbuch]

Originally Posted by spence

According to Detbuch we haven't had a conservative president since Coolidge, so I'm afraid I couldn't really say...

I didn't say that. I said "the last fully constitutional President in the way he governed", and I mentioned that he didn't have the current entrenched regulatory state to deal with. There have been Presidents since then that have been called "conservative," but the Federal bureacracy had progressively grown and become "durable" due to the gradual abandonment of the Constitution. American political structure had been constantly transformed from a constitutional republic to a top down administrative "democracy." Various remnants of constitutional governance, especially some of the Bill of Rights, remained, in dwindling fashion, for succeeding "conservatives" to apply in governing, and some, like Reagan, actually tried to abate the regulatory tide, but that tide became tsunami-like and has successfully transformed not only government but the public understanding (such as it is) of American government. It has, as you say, been woven into the fabric of American politics and created out of the whole cloth of "interpretations" a new Constitution. One that, with the SCOTUS decision on the Affordable Care Act, allows the Federal Gvt. even greater power--nearly total sovereignty over the people. What is left of Federalism, of the Republic, are smaller and smaller portions of sovereign power held by States and the People. And the greatest portion of regulatory power over the States and the People is in the hands of unelected "experts." So very little actually exists of the Republic or of Democracy. But we still have the power of the vote so we must not be too harshly dealt with. And at least a simple majority must perceive that they are being "helped."


A big reason the market is up is because the Street is gaining confidence in the broader economic picture.

I'd think Obama must love it, better economy with more people working and more people paying taxes to help us get this deficit down.

-spence

But the sequester was supposed to reverse all that. It must be nice to be able to point to the sequester as the reason if the "economy" falters, but to forget about it (nor give it any credit) if the "economy" gets better.