• Breaking News

    DISCUSSION OF POLITICS AND ECONOMICS WITH FORAYS INTO PHOTOGRAPHY AND ASTRONOMY

    Search This Blog

    Wednesday, July 20, 2016

    Imagine How Much Better The Economy Could Be

    Tonight, I imagine we will here how bad the Obama administration has been for our economy, despite all the data showing that is clearly not the case - unemployment is down, if anything too little inflation is the problem, over 13 million jobs have been created - far more than under Bush II, and we are growing faster than anyone else in the world right now. Of course, this is typical of the post-truth party that Republicans have become where actual data has no meaning to them. But I can agree with the Republicans that Obama clearly could have done better. Take a look at this chart from Kevin Drum:


    Imagine how many more people would be employed and what better shape our economy and the country's infrastructure would be in if we only could have kept total government spending flat after the Great Recession rather than letting it decline by 5%. Of course, it is Republicans who are primarily responsible for this state of affairs with their push for austerity and the resulting sequestration. But when you don't care about data or facts, you can pretty much say anything.

    No comments:

    Post a Comment