Quote:
Originally Posted by 12thMan
Hmm...okay, you got me. Find me another one, besides Reagan's boy Meltzer. It just seems non-sensical to me for somone of Meltzer's stature to declare with absolute authority that President Obama's policies have failed after just 18 months in office. And to compare Reagan's first 18 months to Obama's is being completely dishonest and ignoring what each president inherited. We just climbed out of the worst post war recession in history, due to in no small part the success of TARP ( which included baling out Detroit, which worked) and the stimulus program.
With all due respect for Ronald Reagan but there is more and more data to suggest that trickle down economics, on the whole, failed.
But since Meltzer penned this wonderful non-partisan Op for WSJ, the econoomy logged it's biggest Q4 GDP growth in years, Obama extended the Bush tax cuts for another two years, and the president has issued an executive order for a federal review of regulations that may be too onerous on big business, I just don't know how you could conclude anything an absolute failure or success in the first 18 months of a presidency.
But the main culprit behind why companies aren't hiring is because, well, they aren't hiring. They're hoarding trillions of dollars in cash, as you know. And the bottom line is companies are doing more with less these days. Corporate profits are strong, the DOW has crossed 12,000, and the outlook for economic expanision in 2011 is more upbeat.
I'm betting if Meltzer was writing that article right now, his tone would be much different.
|
Thats just twisting numbers to make things look better and both sides are guilty of twisting number. Comparing growth numbers to bad years just makes the numbers look better. If sales dropped off in my office to an all time low and then things started turning around I would not compare my sales to the crappy years I would look at the good years to get a good comparison. The goverment seems to always compare its shitty numbers to more shitty numbers which make them look better.
If I had a bad month and sold only 10 policies and the next month sold 20 and used the goverments math I would have 100% growth. When in the real world I would still be down about 60% from the better months.