Romney: "Are you better off than you were 4 years ago?" Answer: "Yes." (user search)
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  Romney: "Are you better off than you were 4 years ago?" Answer: "Yes." (search mode)
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Author Topic: Romney: "Are you better off than you were 4 years ago?" Answer: "Yes."  (Read 2308 times)
Beet
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« on: September 02, 2012, 12:11:35 AM »
« edited: September 02, 2012, 01:05:44 AM by Beet »


Oh brother. It's called making the case. I understand you think the health care bill is too moderate and that the Democrats' campaign finance positions are too moderate, however the US political spectrum is different from the UK political spectrum. We're more to the right here. Things generally revolve around a political center that is far to the right of the UK.

In any case, I think most people have already know about the employment statistics, as they've been widely distributed. What hasn't been widely publicized is the primary reason why this recovery is slower than average, which is private sector deleveraging, which is a good and necessary thing. That is also the reason why large deficits are justified at this time. They only partially offset private sector austerities; in fact they help the private sector complete its own austerity while still earning sufficient income to keep the economy growing.

The issue really comes down to this-- to get faster job growth, we need more expansionary policies. The issues are different in the US than in Europe, but the principle is the same. Speeding up the recovery means expansionary monetary policy (in the form of unconventional tools) and expansionary fiscal policy (in the form of deficits). But Republicans oppose both. They're running on jobs but they oppose measures that would actually lead to more job creation, except for the very narrow deregulatory ones that fit into their ideology [and which also happen to be at the root of some of the big failures that led to the mess to begin with]. There has never been a deregulation-led boom that hasn't been accompanied by a private sector debt binge, followed by a recessionary hangover. The broader issues here require more progressive policies, not less.
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