Quote:
Originally Posted by Sowa
It seems to me the recovery has already begun. Now whether this is just an aberration and we will plummet more is a different question. I love all the right wingers who think there knowledge of economics is superior to a group of advisors who is made up of the brightest minds in there field. I know there are different theories of economics out there and they are subscribing to a certain one (spend your way out), but this is why I hate extremists on both sides. Close mindedness. "Oh if something good comes out of their term it was obviously in spite of what they did, because otherwise I might have to cede that maybe they were doing the right thing."
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True. I catch myself doing it all the time. Its a part of human nature.
In a large capitalist economy, these upswings and downswings are inevitable. The only thing the government can do is provide regulations beforehand that will eventually limit the damage. What the debate should be about is how much we should be adding to our long term debts to alleviate some short term pain, and whether it should be in the form of government projects and funding of projects or less expensive and less involved tax incentives. Instead, the debate degenerates into trivial matters and stupid partisan rhetoric, and the inability to work together politically, just makes for worse outcomes.
But that seems to be more true in the states than in Canada.