@MontereyJack,
MontereyJack wrote:
What do you thoink "worst tecedssion since the Depression means? This one was far worse than the averaoge, thanks to Republican conservanomics. Obama got us out of it anyway, and once agalin it is t t ue that all Democratic aldninistrations since Hoover have better records of job creation than ANY Republican one.!
You appear to be very confused. I didn't use the phrase you put in quotes, and don't accept the truth of it, if applied to the 2007 collapse of the bubble in housing prices, induced by the profligate pumping of capital into that market by Fannie Mae and Freddy Mac. Indeed that one, in terms of its macroeconomic effects, was no worse than the collapse of the dot.com bubble in 2000 and was far less signioficant than the stagflation left behind by the hapless Jimmy Carter. What I did refer to was the slowest recovery from a rcession since WWII, that a likely result of the uncertainty attending the explosion on Federal Rules governing an ever expanding breath of business related activities under our current president and abetted by ill-conceived laws like Dodd Frank and others.
Governments don't "create jobs" in the private sector. However they, by their policies, can influence future economic investment and growth. The most effective jobs creation program under FDR was called World War II. There are many and variable delays in the action of government policies abetting or inhibiting economic growth, and all politicians are quick to claim good things the occured on their watches while blaming the bad stuff on their prececessors. There's lots of differnt arguments out there, both pro and con for the sweepimg judgment you offered us. Yours is merely an empty assertion and I don't buy it..