Commanders Post at The Warpath - View Single Post - How would you fix the economy and budget issues?

12thMan · 07-04-2011, 01:22 PM

No one --not a single economist-- thought the recovery would take this long. The Administration's biggest mistake was floating that 8% unemployment number from the jump, not trying to stimulate the economy.

Historically speaking it takes time for an economy this large to recovery from a recession, such as the one we're coming out of, and even longer to replace all the lost jobs. They caved to the intense political environment and the urgency to grease the wheels and get things going so they threw out 8%. It was stupid and they know it, but they saved and created a lot of damn jobs in the process.

07-04-2011, 01:22 PM	#7
12thMan MVP Join Date: May 2005 Location: washington, D.C. Posts: 11,460	Re: How would you fix the economy and budget issues? No one --not a single economist-- thought the recovery would take this long. The Administration's biggest mistake was floating that 8% unemployment number from the jump, not trying to stimulate the economy. Historically speaking it takes time for an economy this large to recovery from a recession, such as the one we're coming out of, and even longer to replace all the lost jobs. They caved to the intense political environment and the urgency to grease the wheels and get things going so they threw out 8%. It was stupid and they know it, but they saved and created a lot of damn jobs in the process.