Tag Archive 'Recession'

Jul 30 2010

Finally – Government Data Shows Stimulus Bill Did Not Stimulate

Whoever got the lame brain idea government spending – fueled by running up massive deficits and debt – would ‘stimulate’ the economy is eating some crow now that the government’s own key indicators show no evidence of any stimulus: The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most […]

8 responses so far

Jul 31 2009

Is It Nineteen Eighty-Four Now?

Published by under All General Discussions

Let’s just say I find it way too convenient that a report comes out just now is discovering for the first time that the economic recession was twice as worse than anyone thought (hasn’t that been the White House excuse for a lame stimulus bill for months now?): The first 12 months of the U.S. […]

2 responses so far

Mar 05 2009

Obama Is No Reagan

Published by under All General Discussions

DJ Drummond makes an excellent point today regarding Presidents who have had to deal with inherited recessions: Ronald Reagan and Barack Obama each inherited a recession when they came to office. That’s not unusual, though – Presidents Kennedy, Ford, and Bush also inherited recessions when they arrived at the White House, and in fact Presidents […]

11 responses so far