The conservative movement is dead, long live the conservative movement

[LuciferSam]

He didn't inherit anybody. Volker sat as FED chair for eight years. Carter originally nominated him, and Reagan decided to keep him four years later, in the middle of his first term. :roll:

If you really want to start talking about FED chairs and how pivotal they are. Let's talk about Greenspan, who sat through three presidencies, including Clinton. Did Clinton "inherit" Greenspan? Was Greenspan responsible for the economic expansion of the late 90's? In which case, by your logic, we have Reagan to thank for that. Or is that an "inconvenient fact" you would like to ignore? ;-)

So I address a particular topic and you see that as an opportunity to change the subject and go off on a tangent.

 

[Lynnie]

For some, it's an inconvenient truthful tangent.

 

[LuciferSam]

The truth of the matter is the president's policies don't have a whole lot of effect on the economy. It's the business cycle combined with fed policy. Carter got burned by it as did big bushie. Little bushie of course was a lame duck, but the weak economy and housing crisis helped Obama get elected, and of course the choice of Palin as VP didn't hurt either. Now the economy has two full years to make some sort of turnaround to help our incumbent President. It's not out of the question. Obama might want to suck up to small business a bit and offer them some breaks to get them hiring. Personal savings is at a higher rate than it has been in years, and eventually people will start spending again. Inflation is low, interest rates are low, unemployment is the problem.

 

[Lynnie]

The truth of the matter is the president's policies don't have a whole lot of effect on the economy. It's the business cycle combined with fed policy. Carter got burned by it as did big bushie. Little bushie of course was a lame duck, but the weak economy and housing crisis helped Obama get elected, and of course the choice of Palin as VP didn't hurt either. Now the economy has two full years to make some sort of turnaround to help our incumbent President. It's not out of the question. Obama might want to suck up to small business a bit and offer them some breaks to get them hiring. Personal savings is at a higher rate than it has been in years, and eventually people will start spending again. Inflation is low, interest rates are low, unemployment is the problem.

By George! You're a conservative!

 

[30ashopper]

The truth of the matter is the president's policies don't have a whole lot of effect on the economy. It's the business cycle combined with fed policy. Carter got burned by it as did big bushie. Little bushie of course was a lame duck, but the weak economy and housing crisis helped Obama get elected, and of course the choice of Palin as VP didn't hurt either. Now the economy has two full years to make some sort of turnaround to help our incumbent President. It's not out of the question. Obama might want to suck up to small business a bit and offer them some breaks to get them hiring. Personal savings is at a higher rate than it has been in years, and eventually people will start spending again. Inflation is low, interest rates are low, unemployment is the problem.

That's the kicker right there. They will, but when, and how much? Considering the massive debt load people took on, it could be a very slow return to normal. Repairing the damage done is good for us, the economy, and the country long term. But it's not so good for Obama and the democrats.

Independent of this, the current administration and party in power created a major debt problem at the federal level. They will be held accountable for this.

 

[LuciferSam]

That's the kicker right there. They will, but when, and how much? Considering the massive debt load people took on, it could be a very slow return to normal. Repairing the damage done is good for us, the economy, and the country long term. But it's not so good for Obama and the democrats.

Independent of this, the current administration and party in power created a major debt problem at the federal level. They will be held accountable for this.

Not necessarily. When and if the debt becaomes a problem (it hasn't yet), the party in power will be held accountable.

 

[idlewind]

Not necessarily. When and if the debt becaomes a problem (it hasn't yet), the party in power will be held accountable.

Now we come to the crux of the matter, progressives do not think 13 trillion dollars of debt is a problem and fiscal conservatives are scared to death of it.
Figure out what it will cost the Federal government in interest payments on the current debt if interest rates go up a tick or two and then tell me the debt is not already a huge problem.

 

[Bob]

Ronald Reagan, George Bush, and Barack Obama. What's your point?

not same scenarios

 

[Bob]

Reagan inherited double digit inflation, interest rates and a recession.

reagan had little debt, volker killed the inflation w 21 percent short interest, and ronny spent his way out and unleashed a ****storm of criminal s/l lending, and military waste.

 

[Bob]

Now we come to the crux of the matter, progressives do not think 13 trillion dollars of debt is a problem and fiscal conservatives are scared to death of it.
Figure out what it will cost the Federal government in interest payments on the current debt if interest rates go up a tick or two and then tell me the debt is not already a huge problem.

debt is not the problem if tax revenues are anemic from lack of economic activity/high unemployment.