Are Labor Laws, ObamaCare and out of control spending preventing a recovery?

CrusaderFrank · Jul 1, 2011

Q. Are Labor Laws, ObamaCare and out of control spending preventing a recovery?

A. Yes, just like they're supposed to.

Truthseeker420 · Jul 1, 2011

Nic_Driver · Jul 1, 2011

Nope, its the GOP.

AmericanFirst · Jul 1, 2011

Nope, totally obamaturd and the dimwits.

cutter · Jul 1, 2011

The spending isn't out of control, The problem is the Demo's are controlling it and we all know how stupid they are. They are actually convinced you can spend your way out of too much spending.

hellofromwarsaw · Jul 1, 2011

Japan nukes, high gas prices, Greece, and Pub obstruction, paralysis, and fear mongering

Seawytch · Jul 1, 2011

No, the Corporations moving all our jobs overseas is preventing a recovery. Not spending on rebuilding our infrastructure is preventing a recovery. The fact that we don't manufacture anything is stifling recovery. Banks and the wealthy sitting on trillions and trillions of dollars is preventing our recovery.

We've managed to have booming economies while protecting workers rights and paying them a fair wage. Why do right wingers suddenly think that is impossible?

Flopper · Jul 1, 2011

If you know the answer why do you ask?

C_Clayton_Jones · Jul 1, 2011

Businesses are hampering the recovery by not hiring during the recession they learned to do more with less to squeeze every last drop of productivity out of as few workers as possible. Why should they start hiring and risk minimizing profits?

Harry Dresden · Jul 1, 2011

then the spending is out of control.....right?..... :eusa_eh:

NYcarbineer · Jul 1, 2011

Did you ever answer my question the other day? When I mentioned how cut backs in defense spending caused the layoff of 400 Sikorsky helicopter workers locally.

I wanted you to explain how cutting spending creates jobs.

uscitizen · Jul 1, 2011

Is any of the healthcare reform package implemented yet?

Remodeling Maidiac · Jul 1, 2011

I'll keep my answer short so its easy for all our osterich friends to understand.

Yes

You may all now stick your heads back in the sand.

oreo · Jul 1, 2011

Judging from consumer confidence--government spending is actually smothering this economy. People just don't feel confident to go out and buy.

hellofromwarsaw · Jul 2, 2011

8% think it's Obama....LOL! And they're all on here...

OohPooPahDoo · Jul 2, 2011

Right. Because the economy will do much better with less spending. Where did you learn economics? The Moron School?

editec · Jul 2, 2011

Are Labor Laws, ObamaCare and out of control spending preventing a recovery?

Click to expand...

No.

Toro · Jul 2, 2011

The question and answer implies that we would be in a robust rebound without those three items. A basic understanding of economics and history would answer "No."

The reason is because a basic understanding of economic history tells us that a collapse in an asset bubble is followed by weak and anemic growth as it takes time to wipe out the excess capacity built during the asset bubble. It wouldn't matter if the most pro-growth government was in office, low taxes and low regulation aren't going reduce the excess capacity in the economy. This is why the last recovery under President Bush was the weakest since WWII. The collapse of the Tech Bubble lead to excess capacity in the economy, of which only time is the ultimate cure as excess capacity gets absorbed back into the economy.

As for labor laws, Obama care and "out of control" spending, a better question would be are they inhibiting a recovery? You have to answer each one separately.

Labor laws - They aren't helping but are mostly inconsequential. Current labor problems are nothing compared to the industrial action of the three decades after the war, a time which saw robust growth. Besides, corporate profits as a share of GDP are near all-time levels. Anteing up a few bucks more to workers who have seen their incomes stagnate over the past decade isn't going break corporate America. So the idea that somehow a few scraps at the LRB are going to send this chill throughout the economy is pretty silly.

Obamacare - Almost certainly, given the uncertainty they are causing businesses.

"Out of control spending." - Most of the increase in spending is due to automatic stabilizers in the economy which kick in when the economy slows. As we all learn in Econ 101, GDP=C+I+G+NX. When G goes up, so does GDP. In a recession, there is no evidence (at least not that I'm aware) that when G goes up, there is a crowding out affect which would cause C or I to go down. That may occur when the economy is running full-throttle, but not when there is excess capacity in the economy.

So, anyways, I apologize for being so long-winded answering a thread which is meant to evoke political bromides and shallow answers no longer than three sentences.

Toro · Jul 2, 2011

Frank's a good guy but he thinks that Hoover and FDR caused the Depression.

WillowTree · Jul 2, 2011

Yes and they are doing it on purpose. They want to wreck the economy.

Are Labor Laws, ObamaCare and out of control spending preventing a recovery?

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