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Clearly Obama Economy Policies Fail!

moddem38

Council Member
Really? Why has the stock market reached record highs then? Interest rates are low. Unemployment has decreased (granted slower than we would like).
 

MaryAnne

Governor
Really? Why has the stock market reached record highs then? Interest rates are low. Unemployment has decreased (granted slower than we would like).
Welcome Moddem! Did you read my article? little bit of sarcasm in my post!:clap2:
 

moddem38

Council Member
Haven't seen you for quite a while! Welcome back, and pleez turn on your sarcasm detector.

It wasn't working last night:)
 

Corruptbuddha

Governor
The truth is, the current upswing has less to do with Nerobama's 'policies' or Republican obstructionism as it does with the innate vigor of capitalism and the American economy.

Plus, the fact that the Fed is pumping hundreds of billions into the economy doesn't hurt.
 

EatTheRich

President
Lol, because capitalism continues to go through its boom-and-bust cycle it has "innate vigor" ... even though the crests of the cycle are getting shallower and farther apart, and the troughs are getting deeper and closer together. Actually it seems unemployment has grown recently and growth is lower than previously projected among other troubling indicators. But the U.S. is in the middle of a bit of an upswing, partly as a result of capitalism's normal boom and bust cycle, and partly because U.S. capitalists have increased their competitiveness by being more successful than their European rivals at 1) devaluing their own currency and 2) getting the labor force to work harder for less money.
 
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