Doomed to repeat past mistakes?

[Michael Larson]

For those of you that follow politics and the economy, read the following and try to explain how the Obama recovery plan that is apparently modeled after Japan will work to the benefit of U.S. citizens.

Is this the change we voted for?
Barack Obama-san

................Japan's economy grow anemically over that decade, but as the nearby chart shows, its national debt exploded. Only in this decade, with a monetary reflation and Prime Minister Junichiro Koizumi's decision to privatize state assets and force banks to acknowledge their bad debts, did the economy recover.

Yet recent governments have rolled back Mr. Koizumi's reforms and returned to their spending habits. But Japan does have better roads. Now we're told that a similar spending program -- a new New Deal -- will revive the U.S. economy. How do you say "good luck" in Japanese?

[John J. Passailaigue, Jr.]

Welcome to the socialistic state of economy and loss of freedoms.......for the better good of all.......Good Lord help us all.

[James H. Bushart]

I thought you had resolved to publish these commentaries in the "Not For Everyone" forum, Mike.

[Michael Larson]

Originally Posted by jbushart

I thought you had resolved to publish these commentaries in the "Not For Everyone" forum, Mike.

After Nick's recent post having no problem with politics in the miscl. section, what's your beef?

[John J. Passailaigue, Jr.]

Someone will always complain about something......can't please everyone.

[James H. Bushart]

Originally Posted by mlarson

After Nick's recent post having no problem with politics in the miscl. section, what's your beef?

You are now following Nick's example?

Are things really getting that bad?

[Michael Larson]

Originally Posted by jbushart

You are now following Nick's example?

Are things really getting that bad?

James, I have something for you.

[Michael Larson]

James,

If President elect Obama suceeds in putting his stated policy ideas in place, will you still support him and his policies?

[James H. Bushart]

Originally Posted by mlarson

James,

If President elect Obama suceeds in putting his stated policy ideas in place, will you still support him and his policies?

Yes.

[Michael Larson]

Originally Posted by jbushart

Yes.

Even when those policies are likely to produce a severe depression?

On what basis is your support based?

[Emmanuel J. Scanlan]

Originally Posted by mlarson

For those of you that follow politics and the economy, read the following and try to explain how the Obama recovery plan that is apparently modeled after Japan will work to the benefit of U.S. citizens.

Is this the change we voted for?
Barack Obama-san

................Japan's economy grow anemically over that decade, but as the nearby chart shows, its national debt exploded. Only in this decade, with a monetary reflation and Prime Minister Junichiro Koizumi's decision to privatize state assets and force banks to acknowledge their bad debts, did the economy recover.

Yet recent governments have rolled back Mr. Koizumi's reforms and returned to their spending habits. But Japan does have better roads. Now we're told that a similar spending program -- a new New Deal -- will revive the U.S. economy. How do you say "good luck" in Japanese?

I didn't vote for him!! Did you?? I don't need to read the article to know it is a garbage plan.

Secondly, this was on his agenda and part of his crap rhetoric when campaigning. When the government (A.K.A. Obama) institutes this farce they are not going to be workers being payed by the government, whether it is federal, state or local government. Instead they will be workers hired by private contracting firms who perform these projects. After all it will be faster and easier to contract them out rather than create a whole new workforce to do it. Look around at your construction laborers now and what do you see? How many of these laborers are here legally? So what will he, Obama, wind up doing? He will wind up supporting illegal aliens who will spend little here and send a lot back to their native countries. How is that going to help the American citizens and legal immigrants here in the U.S.??

[Michael Larson]

Originally Posted by escanlan

I didn't vote for him!! Did you??

No I didn't. I used the collective "we".

[James H. Bushart]

Originally Posted by mlarson

Even when those policies are likely to produce a severe depression?

On what basis is your support based?

The production of the severe depression that we are headed for was created during the eight year period immediately prior to his election. What he must do to divert or lessen the severity of it deserves support and I am providing it.

Sore losers wishing to sabotage him are making themselves obvious and I wish not to be a part of their efforts...or to engage them in further conversation on the topic.

Merry Christmas.

[Michael Larson]

Originally Posted by jbushart

The production of the severe depression that we are headed for was created during the eight year period immediately prior to his election. What he must do do divert or lessen the severity of it deserves support and I am providing it.

Sore losers wishing to sabotage him are making themselves obvious and I wish not to be a part of their efforts...or to engage them in further conversation on the topic.

Merry Christmas.

James, Though Bush certainly bears a good deal of the responsibility for the mess we are in, the new game in town has a real opportunity to get it right.

Too bad he is repeating the mistakes of others.(Japan, FDR)

I hope I am wrong but Obama continues to speak with eloquence without saying much substantive.

His actions and the results are what we will have to judge him on.

His proposals don't look to be the ones that will bring about real change or a meaningful recovery.

You try to claim I am a sore looser when I think McCain wasn't really much better.

I want Obama to succeed but it's not looking good.

I'm sure the adoring press will write glowing stories but will they be based in reality or mimic those of the "great leader" in North Korea?

[klott]

Michael, it matters not if he fails, as JB just proved, it will simply be blamed on Bush for the next thirty years. Besides, JB voted for him, therefore his ego will never allow him to agree with you.