Why Obamanomics Has Failed

[Oddball]

Anybody ever mention that you're a total broom-up-the-ass prig?

 

[Toro]

From the data

Real GDP per capita PPP rank in the OECD

1970
1. Switzerland
2. Luxembourg
3. USA
4. Australia
5. Sweden

2008
1. Luxembourg
2. Norway
3. USA
4. Iceland
5. Ireland
6. Switzerland
7. Netherlands
8. Sweden

 

[Toro]

Compare
Apples
To
Apples

It will make you sound less foolish.

Yes, GDP per capita has grown at about the same rate in Sweden as it has in the US for the past 40 years, and faster over the past 20 years.

You want to tell me what apples you're looking at?

 

[The Rabbi]

From the data

Real GDP per capita PPP rank in the OECD

1970
1. Switzerland
2. Luxembourg
3. USA
4. Australia
5. Sweden

2008
1. Luxembourg
2. Norway
3. USA
4. Iceland
5. Ireland
6. Switzerland
7. Netherlands
8. Sweden

Yup. Stagnating growth. Thanks for posting this supporting data.

 

[Toro]

From the data

Real GDP per capita PPP rank in the OECD

1970
1. Switzerland
2. Luxembourg
3. USA
4. Australia
5. Sweden

2008
1. Luxembourg
2. Norway
3. USA
4. Iceland
5. Ireland
6. Switzerland
7. Netherlands
8. Sweden

Yup. Stagnating growth. Thanks for posting this supporting data.

Yeah, that's right. Sweden has grown 0.1% less than America since 1970 and faster over the past generation. That's "stagnating."

 

[The Rabbi]

From the data

Real GDP per capita PPP rank in the OECD

1970
1. Switzerland
2. Luxembourg
3. USA
4. Australia
5. Sweden

2008
1. Luxembourg
2. Norway
3. USA
4. Iceland
5. Ireland
6. Switzerland
7. Netherlands
8. Sweden

Yup. Stagnating growth. Thanks for posting this supporting data.

Yeah, that's right. Sweden has grown 0.1% less than America since 1970 and faster over the past generation. That's "stagnating."

You might try reading your own post, which shows Sweden has fallen from 5th to 8th in 30 years while te US has remained steady at #3.
No, Sweden is not a success story. Greece is not a success story. There are no success stories among social democrat ruled countries.
Let's compare Sweden to Singapore over the same period and see what happens to GDP growth when gov't lifts its dead hand off the economy.

 

[topspin]

I like a guy getting me 40% in his first year in office.

 

[The Rabbi]

I like a guy getting me 40% in his first year in office.

Is he taller than Obama? WHere does he work? Have you had this "arrangement" for long? DOes he keep other bois besides you?

 

[The Rabbi]

From the data

Real GDP per capita PPP rank in the OECD

1970
1. Switzerland
2. Luxembourg
3. USA
4. Australia
5. Sweden

2008
1. Luxembourg
2. Norway
3. USA
4. Iceland
5. Ireland
6. Switzerland
7. Netherlands
8. Sweden

Yup. Stagnating growth. Thanks for posting this supporting data.

Yeah, that's right. Sweden has grown 0.1% less than America since 1970 and faster over the past generation. That's "stagnating."

Your bad luck just continues. Don't buy any lottery tickets and look both ways before crossing, OK?
Here are two Swedish economists refuting everything you have just written, in this AM's WSJ. Sorry, guy. It's game, set, match.
Lessons From the Swedish Welfare State - WSJ.com

 

[Toro]

Your bad luck just continues. Don't buy any lottery tickets and look both ways before crossing, OK?
Here are two Swedish economists refuting everything you have just written, in this AM's WSJ. Sorry, guy. It's game, set, match.
Lessons From the Swedish Welfare State - WSJ.com

Noooosirree, Junior.

Its amusing that you claim victory when every single one of your assertions has been refuted by the data. You have said they have a high deficit, high inflation and a stagnant economy, all of which are flat out wrong. You remind me of the Black Knight.

[youtube]dhRUe-gz690[/youtube]

Sweden is in some ways very pro-market. It is a free trading nation. Its taxes on capital are not high. It doesn't have restrictive labour laws. It is not difficult to start a business. And it is much more shareholder friendly than America.

BUT ...

It has very high marginal tax rates and a very generous and extensive social system.

Everything the economists write about in that article is true. However, notice that they said taxes were very high and also notice that they didn't say that transfer payments have been slashed. In fact, they acknowledge this by noting the very high levels of taxes and that Swedes respond by doing their own work. I can confirm this. When I was in Stockholm a few years ago, I was told that doctors and lawyers often do their own house repairs and yard work. Swedes may not go out to eat as much as Americans, but the restaurants I was in were packed.

I don't want to have high taxes, but the argument that you have put forth is that "socialism never works." Given that the American Right worships at the alter of All Tax Cuts All The Time, its pretty clear that there is a high-tax "socialist" nation with an extensive welfare system and universal healthcare that has not only done very well, but has outgrown America on a per capita basis over the past 20 years.

 

[The Rabbi]

I am absolutely certain you know more about Sweden than two of their leading economists. For sure.
Time to hang it up, turkey.

 

[EriktheRed]

I am absolutely certain you know more about Sweden than two of their leading economists. For sure.
Time to hang it up, turkey.

Economists' views tend to run the gamut. I'm sure he could find a few Swedish econs who would dispute the two you cited.

 

[The Rabbi]

I am absolutely certain you know more about Sweden than two of their leading economists. For sure.
Time to hang it up, turkey.

Economists' views tend to run the gamut. I'm sure he could find a few Swedish econs who would dispute the two you cited.

Please post some then.

 

[Toro]

I am absolutely certain you know more about Sweden than two of their leading economists. For sure.
Time to hang it up, turkey.

I'm absolutely certain I've forgotten more about Sweden than you know, which isn't hard because you've repeatedly made blatantly wrong arguments.

As for you asking about economists and the Swedish model

Swedish Model - Complete Text
Powered by Google Docs

 

[The Rabbi]

I am absolutely certain you know more about Sweden than two of their leading economists. For sure.
Time to hang it up, turkey.

I'm absolutely certain I've forgotten more about Sweden than you know, which isn't hard because you've repeatedly made blatantly wrong arguments.

As for you asking about economists and the Swedish model

Swedish Model - Complete Text
Powered by Google Docs

None are so certain as those totally ignorant.
I have no idea who this guy is. But whatever he wrote wasn't convincing in the least. The bottom line stands: Sweden is a stagnating socialist economy.