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Here’s what unfair, Mr. Trump.

Worried about displaced workers, President Barack Obama proposed the American Jobs Act, a $447 billion package of economic actions, including construction jobs to improve crumbling infrastructure and cuts in payroll taxes. Your Republican Party, Mr. Trump, of which you so desperately want to be the standard-bearer, killed it.

The president then proposed help for working parents through higher tax credits for child care. Republicans killed it. As economist and Wall Street executive Steven Rattner points out, the Republicans then systematically killed plans for expansion of the earned income tax credit, new rules to let retirement plans be portable, tax credits for manufacturing communities and community college investments.

In other words, every proposal the administration came up with to help the struggling middle class was shot down, with venom, by Republicans.

Donald Trump is getting some underhanded treatment by Cruz and the republican elite. Here is where America and the recovery is getting the shaft from the republicans. Remember, "Our #1 job is to make him a one term president"? If there had been cooperation from the republicans, how good would America be doing now?

BTW, if the nomination is thrown into an open convention, Cruz better watch his back, cause they will stick a knife in it.

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jtdavis posted:

Obama’s Jobs Act—Not Just a Failure but a Fraud

http://www.thefiscaltimes.com/...-Failure-but-a-Fraud

Dated September 11, 2012. You're right on top of it all, aren't you. 

Any more history lessons you want to get proven wrong?

The American Jobs Act

The wrong qunestion is being asked.  Its not that certain acts to improve the economy were not passed, that's the question.  its the believe despite continuous evidence to the contrary that massive government spending will improve the economy.

Remember Japan, which used to be the second largest global economy for 40 years? I posted this earlier this month:

To those who believe massive infrastructure spending will end a recession, take note.  Japan has practiced such for two decades. Enough roads, bridges, foot paths and harbors were constructed (a number substandard) that every citizen might have something named after them.  Resulting in a flat line economy, at best and a national debt over 233 percent of GDP.

There is probably no way out except a sharp inflation spiral.

"Japan is heading for a full-blown solvency crisis as the country runs out of local investors and may ultimately be forced to inflate away its debt in a desperate end-game, one of the world’s most influential economists has warned.

Olivier Blanchard, former chief economist at the International Monetary Fund, said zero interest rates have disguised the underlying danger posed by Japan’s public debt, likely to reach 250pc of GDP this year and spiralling upwards on an unsustainable trajectory.

https://www.tnvalleytalks.com/t...-downwards-of-course

 Similarly, the EU greatly increased its spending with no results -- flat lined.  They planned to spend more, but can't generate enough revenue and borrow enough to meet their new projected requirements.

Obama spent borrowed nearly $9 trillion to improve the economy. Results -- the worst recovery in over 100 years.

Its the conceit of the left that government knows better than its citizens how to spend their citizens' money. 

If government spending improved an economy, wouldn't Greece be an economic powerhouse.

Some times the best action a country can take is to sit back and wait for things to find their natural bottom. Past "Panics" (Formerly the word used for recessions and depressions!) were settled by waiting for the economy to naturally rebound; and it didn't take a decade. For example, the Panic of 1893 was probably as bad as the Great Depression except for the length.

As a result of the panic, stock prices declined. 500 banks closed, 15,000 businesses failed, and numerous farms ceased operation. The unemployment rate hit 25% in Pennsylvania, 35% in New York, and 43% in Michigan. Soup kitchens were opened to help feed the destitute. Facing starvation, people chopped wood, broke rocks, and sewed in exchange for food. In some cases, women resorted to prostitution to feed their families. To help the people of Detroit, Mayor Hazen Pingree started "Pingree's Potato Patch" which were community gardens for farming.[11]

https://en.wikipedia.org/wiki/Panic_of_1893

 

Stanky posted:

Some times the best action a country can take is to sit back and wait for things to find their natural bottom. Past "Panics" (Formerly the word used for recessions and depressions!) were settled by waiting for the economy to naturally rebound; and it didn't take a decade. For example, the Panic of 1893 was probably as bad as the Great Depression except for the length.

As a result of the panic, stock prices declined. 500 banks closed, 15,000 businesses failed, and numerous farms ceased operation. The unemployment rate hit 25% in Pennsylvania, 35% in New York, and 43% in Michigan. Soup kitchens were opened to help feed the destitute. Facing starvation, people chopped wood, broke rocks, and sewed in exchange for food. In some cases, women resorted to prostitution to feed their families. To help the people of Detroit, Mayor Hazen Pingree started "Pingree's Potato Patch" which were community gardens for farming.[11]

https://en.wikipedia.org/wiki/Panic_of_1893

 

There was a nasty recession at the start of the McKinley/Coolidge administrations. Secretary of the Treasury, Herbert Hoover, wanted massive government intervention.  Instead, government taxes and spending were cut -- resulting in the largest expansion in the 20th century.  Then, came the recession of 1929, President Hoover instigated massive government intervention. 

direstraits posted:
Stanky posted:

Some times the best action a country can take is to sit back and wait for things to find their natural bottom. Past "Panics" (Formerly the word used for recessions and depressions!) were settled by waiting for the economy to naturally rebound; and it didn't take a decade. For example, the Panic of 1893 was probably as bad as the Great Depression except for the length.

As a result of the panic, stock prices declined. 500 banks closed, 15,000 businesses failed, and numerous farms ceased operation. The unemployment rate hit 25% in Pennsylvania, 35% in New York, and 43% in Michigan. Soup kitchens were opened to help feed the destitute. Facing starvation, people chopped wood, broke rocks, and sewed in exchange for food. In some cases, women resorted to prostitution to feed their families. To help the people of Detroit, Mayor Hazen Pingree started "Pingree's Potato Patch" which were community gardens for farming.[11]

https://en.wikipedia.org/wiki/Panic_of_1893

 

There was a nasty recession at the start of the McKinley/Coolidge administrations. Secretary of the Treasury, Herbert Hoover, wanted massive government intervention.  Instead, government taxes and spending were cut -- resulting in the largest expansion in the 20th century.  Then, came the recession of 1929, President Hoover instigated massive government intervention. 

Actually the president was Warren Harding, not Mckinley.

Stanky posted:
direstraits posted:
Stanky posted:

Some times the best action a country can take is to sit back and wait for things to find their natural bottom. Past "Panics" (Formerly the word used for recessions and depressions!) were settled by waiting for the economy to naturally rebound; and it didn't take a decade. For example, the Panic of 1893 was probably as bad as the Great Depression except for the length.

As a result of the panic, stock prices declined. 500 banks closed, 15,000 businesses failed, and numerous farms ceased operation. The unemployment rate hit 25% in Pennsylvania, 35% in New York, and 43% in Michigan. Soup kitchens were opened to help feed the destitute. Facing starvation, people chopped wood, broke rocks, and sewed in exchange for food. In some cases, women resorted to prostitution to feed their families. To help the people of Detroit, Mayor Hazen Pingree started "Pingree's Potato Patch" which were community gardens for farming.[11]

https://en.wikipedia.org/wiki/Panic_of_1893

 

There was a nasty recession at the start of the McKinley/Coolidge administrations. Secretary of the Treasury, Herbert Hoover, wanted massive government intervention.  Instead, government taxes and spending were cut -- resulting in the largest expansion in the 20th century.  Then, came the recession of 1929, President Hoover instigated massive government intervention. 

Actually the president was Warren Harding, not Mckinley.

Sorry.

No problem remembering the past president, I'm working hard on forgetting the present president. Ennywho, there was a past panic that probably was even worse than the Great Depression and the Panic of 1893, the Panic of 1873. Grant even thought about putting people to work at public works projects much like FDR's WPA, but Grant was talked out of it by economists at the time. I might note that this was probably the first world wide depression and the British went the goobermint intervention route (Remember the reason for the empire.). The bust burned out in 5-6 years in the US while the Brits felt the effects for more than two decades.

jtdavis posted:

So, jt just abandoned his thread?

I made the comment that the posted link was 3 1/2 years old. I then posted part of a column in the Times Daily and I did identify who the columnist was and the date. Now explain what I abandoned and I will try to straighten you out.

The statement you made-Any more history lessons you want to get proven wrong?

And the questions you avoided. Just what got "proven wrong"?

Where did you go? I thought you were going to tell us which history lessons "were proven wrong", and where.

========================

I saw no proof you provided anything that would prove any "history" wrong.

Also, no one asked for the name of the poster who you claim is a columnist, then say it was an op-ed piece. You were asked how you can copy and paste their BS opinion but not the link to it.

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