ilia25
I can do math
- Jan 12, 2012
- 1,859
- 100
- 48
yeah we know, NOTHING is his fault..yet he hasn't saved us yet...even with ALL that monies he's spent...go figure
Well, one could say that he had stopped the economy from sliding further into depression!
The economy tanked in the fall of 2008 because everyone in the private sector has cut on spending (everyone and their banks had suddenly realized that they took too much of bad debt). If the government would cut its spending as well, it would make the crisis much worse.
The economists call it "the paradox of thrift" -- if everyone in the country decides to reduce their debt at the same time, the whole economy and everyone's income collapse. And in the end everyone's debt problem becomes worse.
wtf? if the Government CUT spending it would make the crisis much worse..
Yes, that is the basic arithmetic. You may hate Obama all you want, but 2+2 will always be 4, not 5.
and you guys and we were heading into a Depression...some say we are headed there now.
and some say everyone in the private sector cut spending was the RESULT of the Obama being elected..
Some may say whatever they want -- but it only matters if they can support their claims with data. At least this how it should be -- but then again, who would vote for Republicans if that were the case?
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