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Title: It's official: Analysis says bailouts saved economy
Source:
chron
URL Source: http://www.chron.com/disp/story.mpl/editorial/outlook/7160768.html
Published: Sep 4, 2010
Author: FROMA HARROP
Post Date: 2010-09-04 04:03:22 by lucysmom
Keywords: bailout, economy, unemployment
Views: 133481
Comments: 163
Using econometric models, Alan Blinder and Mark Zandi argue that the bailouts, the stimulus and other extraordinary actions saved America from nothing less than another Great Depression. Blinder was vice chairman of the Federal Reserve. Zandi is chief economist at Moody's Analytics and advised Republican presidential candidate John McCain. Had Washington not taken any aggressive steps starting in 2008, the results would have been horrific, their study says. Real gross domestic product would have fallen a "stunning" 12 percent, rather than the actual decline of 4 percent. Nearly 17 million jobs would have vanished, twice as many as the real count. And the unemployment rate would have peaked at 16.5 percent. ... Ignoring what might have happened had the government not launched a vigorous response may be irresponsible, but it can be good politics. That's because many Americans — seeing the weak job picture and forgetting their own terror during the early days of the economic freefall - can be convinced that such polices were ineffective and possibly counterproductive. They remind me of family members who, four weeks after a quadruple bypass, want to know why Grandpa isn't dancing. At least the family knows that the operation was needed.
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#48. To: war (#39)
(Edited)
ExxonMobil is an international company that can shift a lot of their tax burden from high tax countries like the U.S. to low tax countries by claiming earnings in the low tax countries and sluffing off costs here. Small businesses can't do that. The U.S. could collect a lot more taxes from ExxonMobil by lowering tax rates. That's another thing that you unreconstructed leftists don't get.
The hatred demonstrated by many toward Bush borders on the insane. That insanity makes them (IMO) incapable of seeing the larger picture - and really learning from the past. Was Bush a failed president? Yes. Did he get us into (unconstitutional IMO) wars? Yes. But Did Clinton get us into (unconstitutional IMO) wars? Yes. Kosovo. Did Bush I get us into unconstitutional wars? Yes. And I could go all the way back to Truman. So the question is - why do we keep fighting unconstitutional wars? And that is not going to be answered by mindlessly focusing hatred toward Bush and forgetting all the others. ______________________________________________________________________________ I checked and I'm still on bozo So you can't see me.
______________________________________________________________________________ I have. History is much greater than any one single individual. The problem isn't Bush - because if Bush didn't exist, you'd simply have another boogyman to hate. The problem isn't Bush - the problem is the system that placed him in office.
______________________________________________________________________________ Was Bush a failed president? Yes. Did he get us into (unconstitutional IMO) wars? Yes. But Did Clinton get us into (unconstitutional IMO) wars? Yes. Kosovo. Did Bush I get us into unconstitutional wars? Yes. And I could go all the way back to Truman. So the question is - why do we keep fighting unconstitutional wars? And that is not going to be answered by mindlessly focusing hatred toward Bush and forgetting all the others. Go for it. But your words have a hollow ring. You can just keep repeating that history over and over but the rest of us really want to learn from it, evidently by not discussing those who perpetrated the wars you say you hate. Use the Bozo if your eyes are so sensitive.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
So you can't see me. Yet you can't recant one thing he posted. Discussion of the perpetrator of the two wars you say you hate is a Dem talking point? What a troll you turned out to be. You need to be involved in getting rid of the Neocons in your party instead you attack those that point them out.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
I don't bozo anyone. Now, here's your chance to shine: Why do we keep fighting unconstitutional wars? (bonus points awarded if your answer doesn't invoke Bush)
______________________________________________________________________________ Skippy's a waste of bandwidth who adds nothing to a discussion. Next?
______________________________________________________________________________ Why do we keep fighting unconstitutional wars? (bonus points awarded if your answer doesn't invoke Bush You just have to try to mediate the discussion don't you? I have no interest in earning shill points from you. We are not fighting 'wars'. The terminology and funding has been parsed with full approval of both parties. And the party that started the latest round is being touted as the next savior of the country. With probably a Bush as the next candidate. Oh god there's that unmentionable word again. Close your eyes.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
Next? Easy to say when you can't recant anything he says. I'm trying to figure out why such a lofty poster as yourself bothers with us lowlifes here. Surely your efforts can go to better use than trying to change the minds of more than one or two posters. Tull exhibits the same obsessive behavior.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
Yes, I can. Like I said, Skippy adds nothing to the discussion. ______________________________________________________________________________ The U.S. government's support for the Shah of Iran and other meddling in their internal affairs lead to the Ayatollahs. But yes, the perception of Carter in the world -- as an incompetent weakling -- led to the Iranian hostage crisis, which promptly ended on the day Reagan was inaugurated.
I'm trying to figure out why I've gotten under your skin so.
______________________________________________________________________________ Like I said, Skippy adds nothing to the discussion. But it's your moronic statement. lolol In reality YOU add nothing to the discussion and yet want to mediate others comments. Maybe you should apply for a mod job as it's much more suitable to your vast self described talents rather than wasting your time on coming up with more silly ID buzz words to ping. And I'll believe you mean what you say when you apply your Bush standards to the likes of No Gnu Taxes.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
So now you think that a back and forth discussion is " getting under my skin"? LOLOL Like I said, it's YOU wasting your precious skills on us lowlifes.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
I agree - and in a perfect world we wouldn't have been doing that. Which is the point I've so far not been able to make with others - call them wars, meddling, whatever - the modern day international problems we're seeing began at least with the Truman Admin. The seeds of the economic problems began with FDR. edit: on second thought, they probably began with Hoover I believe upcoming events will force us to pull back and not try to be world policeman. That will be one of the few potential positives to come out of the upcoming crash. As far as POTUS' go - I suppose the best we can hope for is "competence". As much as I disgreed with his policies and direction, I have to admit Clinton was comptetent. So was Reagan. So was Eisenhower. None of the others (except perhaps Truman) since WWII have been. And with Carter, Bush, and now Zero - we see where incompetence leads.
______________________________________________________________________________ What horseshit! "Happily, government stepped in, and America bucked a catastrophe. How fortunate for us all that the tea party wasn't running Washington." ================================================================= this paid political announcement brought to you by the Associated Propaganda, the Houston Comical and Barry O'Bozo & His Administration Of The Inept.
By that standard, you add less than nothing.
______________________________________________________________________________ The seeds of the economic problems began with FDR. edit: on second thought, they probably began with Hoover The problems started before that. In the 1910s we got: The 17th amendment (1913), which removed the check and balance that the states had with the federal government. The 16th amendment (1913), which enabled the federal government to tax people The Federal Reserve Act (1913), which enabled the politicians to buy off special interests with inflation in addition to taxes Involvement in the Great War (1917), which we mistakenly call World War I. This is where our long-term problems come from.
Why don't you just recant what Skip posted? And I'll be looking forward to your posts to Gnu about his Bush obsession.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
Sorry, but it was the Civil War and Lincoln, the first Republican.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
Recant? One can't "recant" for another, whiningdope! Skippy is just a mindless little wimp.
I was thinking more of the notion that "big-government" can solve all problems. To me, that began some during Hoover, and became the norm under FDR. But you are correct, of course. Maybe the most accurate thing to say is the problems began when the Constitution was tossed aside. In any event, it makes Skippy's statement: ______________________________________________________________________________ Ignore must feel very privileged to have an esteemed poster like you as a friend, to help him out.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
All the disastrous decisions we're dealing with now started with Bush, all the more ridiculous. Skippy is a typical leftwingnut pinhead.
Well, that's certainly what the folks at Lewrockwell.com think. Yes, in many respects Lincoln was a tyrant. However, the challenges we face today are directly related to the restructuring of the U.S. that took place place in the 1910s.
Why not address the question to him/her? I see you purposely avoided the issue, whinigdope. Typical of leftwingnut pinheads.
Naaaah, but I will agree that Skippy needed to go all the way back to Lincoln to find the origins of this nation's constitutional problems.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
He listens about as well as . . . .you :-)
______________________________________________________________________________ You're right. Widespread belief that big government can steer the economy started with Roosevelt / Hoover and ended after Johnson / Nixon. However, it could have never been put into practice without the mechanisms put into place in the 1910s. Unfortunately, the Obamunists still cling to the false belief that big government can steer a complex economy of 300 million people, in a global economy of 6.5 billion people. Their simpleton beliefs is why they are failing.
I see you purposely avoided the issue, whinigdope. Typical of leftwingnut pinheads. He's tired of discussing stuff. Will you be my discussion pal now? He hates the word 'Bush', so how do you feel about that?
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
I'm sure he'll recant it if your arguments are factual and persuasive.
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
I don't get emotional about words.
Then why do you post that picture showing your emotions?
"Look you leftist pervert, make sure you keep your Mr Winky away from your family's new addition or I will send some fellow salad tossers to square away your sorry butt. Got it??" The good "cop", Jethro Tull explaining how to prevent a Palin family tradition in YOUR family.
My bozo list is at 1, and quite a while back the Skipster said he was putting me on bozo. His post to me today was the first I've heard from him since then. Well, I got all excited - "Hey, Skippy is actually posting to li'l ol' me. Glory be!" As you can imagine, I immediately checked my bozo filter to make sure it was at zero. Imagine my disappointment when alas, it was still at 1. So I'll give the Skipster the scorn he deserves. And I stand by my statement he posts nothing of substance.
______________________________________________________________________________ Farting isn't an emotion, whiningdope!
And yet YOU brought it up. Why? US Corporations, aggregate, pay very little US tax compared to the corporation of other nations.
Why do you bother? He and Boofer and Mad Dog and Mud ALL post the same crap. Life here has gotten so much better with all three on Bozo.
Margin tax rates are meaningful to the discussion. The fact that few people in the U.S. pay them is meaningless because few people in any country pay them. You are comparing apples to oranges in order to confuse your dimwitted followers like luscy's mom. The fact remains that the U.S. and Japan have by far the highest margin corporate taxes in the world. Yes, there are deductions for special interests. The results are clear -- the U.S. system punishes job creating entrepreneurs with high tax rates and gives breaks to large, politically connected companies. The answer isn't to raise marginal rates further. Tax rates need to be lowered and deductions for special interests needs to be eliminated.
Maybe whiningdope isn't as cowardly and stupid as you, dwarf.
Did you know that doctors with decent social skills aka bedside manner, seldom get sued?
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American public policy has been dominated by Democrats who don't care and Republicans that don't dare -- Dick Armey
#49. To: mininggold (#42)
Then you will have no ability to compare the present with the past either with negatives or positives.
There's a vast difference between comparing the present with the past (and learning from it), and mindlessly, insanely focusing on one failed president - as if to say "if he never existed, we'd have nirvana now." You should have a really big bone to pick with No GNU Taxes.
Nah. I avoid the "Bush is Christ" threads just as much as the "Bush is Hitler" ones.
Zero diddled while America burned
#50. To: Skip Intro and go directly to democrat talking points (#43)
Zero diddled while America burned
#51. To: war (#44)
You need to recapture a sense of reality when it comes to recalling history.
Zero diddled while America burned
#52. To: Ignore Amos (#49)
he hatred demonstrated by many toward Bush borders on the insane. That insanity makes them (IMO) incapable of seeing the larger picture - and really learning from the past.
#53. To: Ignore Amos (#50)
I checked and I'm still on bozo
#54. To: mininggold (#52)
Use the Bozo if your eyes are so sensitive.
Zero diddled while America burned
#55. To: mininggold (#53)
Yet you can't recant one thing he posted.
Zero diddled while America burned
#56. To: Ignore Amos (#54)
I don't bozo anyone. Now, here's your chance to shine:
#57. To: Ignore Amos (#55)
(Edited)
Skippy's a waste of bandwidth who adds nothing to a discussion.
#58. To: mininggold, Skip Intro and proceed directly to democrat talking points (#53)
Yet you can't recant one thing he posted.
That's a ridiculous statement.
No, it's not. Bush is the direct link to the problems we're facing today, not Carter.
Some would argue that Carter's complete incompetence led to the Ayatollah's revolution in Iran in '79 - which leads to the Iranian situation today. In that regard, Carter is as guilty as Bush. All the disastrous decisions we're dealing with now started with Bush,
ROFLOL! Yep - if only that evil Bush had never been born. What a moronic statement. and are being continued by Obama.
Well, looky there. Even a broken clock is right twice a day.
Zero diddled while America burned
#59. To: Ignore Amos (#58)
Some would argue that Carter's complete incompetence led to the Ayatollah's revolution in Iran in '79 - which leads to the Iranian situation today
American public policy has been dominated by Democrats who don't care and Republicans that don't dare -- Dick Armey
#60. To: mininggold (#57)
I'm trying to figure out why such a lofty poster as yourself bothers with us lowlifes here.
Zero diddled while America burned
#61. To: Ignore Amos (#58)
ROFLOL! Yep - if only that evil Bush had never been born. What a moronic statement.
#62. To: Ignore Amos (#60)
I'm trying to figure out why I've gotten under your skin so.
#63. To: jwpegler (#59)
(Edited)
The U.S. government's support for the Shah of Iran and other meddling in their internal affairs lead to the Ayatollahs.
Zero diddled while America burned
#64. To: lucysmom (#0)
It's official: Analysis says bailouts saved economy
#65. To: mininggold (#61)
In reality YOU add nothing to the discussion
Zero diddled while America burned
#66. To: Ignore Amos (#63)
(Edited)
American public policy has been dominated by Democrats who don't care and Republicans that don't dare -- Dick Armey
#67. To: Ignore Amos (#65)
By that standard, you add less than nothing.
#68. To: jwpegler (#66)
This is where our long-term problems come from.
#69. To: mininggold, Ignore Amos, skippy (#67)
Why don't you just recant what Skip posted?
#70. To: jwpegler, Skip Intro and go directly to democrat fax machine (#66)
This is where our long-term problems come from.
All the disastrous decisions we're dealing with now started with Bush,
all the more ridiculous.
Zero diddled while America burned
#71. To: Ibluafartsky (#69)
Recant? One can't "recant" for another, whiningdope! Skippy is just a mindless little wimp.
#72. To: Ignore Amos, skippy (#70)
In any event, it makes Skippy's statement:
#73. To: mininggold (#68)
Sorry, but it was the Civil War and Lincoln, the first Republican.
American public policy has been dominated by Democrats who don't care and Republicans that don't dare -- Dick Armey
#74. To: mininggold (#71)
Ignore must feel very privileged to have an esteemed poster like you as a friend, to help him out.
#75. To: Ibluafartsky (#72)
Skippy is a typical leftwingnut pinhead.
#76. To: mininggold (#67)
Why don't you just recant what Skip posted?
Do you mean respond to instead of recant? I have. And I'll be looking forward to your posts to Gnu about his Bush obsession.
Not long after I arrived here, I did.
Zero diddled while America burned
#77. To: Ignore Amos (#70)
(Edited)
I was thinking more of the notion that "big-government" can solve all problems. To me, that began some during Hoover, and became the norm under FDR.
American public policy has been dominated by Democrats who don't care and Republicans that don't dare -- Dick Armey
#78. To: Ibluafartsky (#74)
Why not address the question to him/her?
#79. To: Ignore Amos (#76)
Do you mean respond to instead of recant? I have.
#80. To: mininggold (#78)
He hates the word 'Bush', so how do you feel about that?
#81. To: Ibluafartsky (#80)
I don't get emotional about words.
#82. To: mininggold, Skip Intro and proceed directly to democrat talking points (#79)
Zero diddled while America burned
#83. To: mininggold (#81)
Then why do you post that picture showing your emotions?
#84. To: jwpegler (#45)
#85. To: mininggold (#81)
#86. To: war (#84)
(Edited)
the era of big government is over -- Bill Clinton
#87. To: war, mininggold (#85)
Why do you bother?
#88. To: jwpegler (#19)
Regardless, you're missing the point. The NET outcome of the government's rules...
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