Comments on: It’s Not the Stimulus It’s the Regulation http://s171185354.onlinehome.us/2011/08/13/its-not-the-stimulus-its-the-regulation/ Commentary from a Conservative Perspective Sat, 19 May 2012 13:34:44 +0000 http://wordpress.org/?v=2.2.1 By: Frank Monaldo http://s171185354.onlinehome.us/2011/08/13/its-not-the-stimulus-its-the-regulation/#comment-19355 Frank Monaldo Sat, 20 Aug 2011 15:03:01 +0000 http://s171185354.onlinehome.us/2011/08/13/its-not-the-stimulus-its-the-regulation/#comment-19355 One other point. Why is the election day the important metric to start counting to measure a presidency. There is a case to be made the any effect of any administration would gradually begin from 6e monts to a year after assuming office. Counting from election day would make Obama responsible for virtually all the unemployment. Is that fair. One other point. Why is the election day the important metric to start counting to measure a presidency. There is a case to be made the any effect of any administration would gradually begin from 6e monts to a year after assuming office. Counting from election day would make Obama responsible for virtually all the unemployment. Is that fair.

]]> By: Frank Monaldo http://s171185354.onlinehome.us/2011/08/13/its-not-the-stimulus-its-the-regulation/#comment-19354 Frank Monaldo Sat, 20 Aug 2011 14:57:53 +0000 http://s171185354.onlinehome.us/2011/08/13/its-not-the-stimulus-its-the-regulation/#comment-19354 For the record, the Bush-I left an economy growing at 5% a year, pretty darn good. In 2001, the economy was already about to go into mild recession (the dot.com bust) and then 9/11 happened. After that we we had solid growth and lower unemployment until the housing bust. That was partially due to too easy money by the fed and gov't eagerness to encourage home ownership. A better comparison is plotting 1981 vs 2009 recession as measured from peak unemployment. During the Reagan years, the peak unemployment was worse 10.8% vs 10.2%, but under the current circumstances unemployment is far more stubborn. To be comparable to the Reagan recovery unemployment would have to be 7.5% now rather than 9.1%. Moreover, the Reagan recovery had to occur under the head winds of extreme high inflation and interest rates. For the record, the Bush-I left an economy growing at 5% a year, pretty darn good.

In 2001, the economy was already about to go into mild recession (the dot.com bust) and then 9/11 happened. After that we we had solid growth and lower unemployment until the housing bust. That was partially due to too easy money by the fed and gov’t eagerness to encourage home ownership.

A better comparison is plotting 1981 vs 2009 recession as measured from peak unemployment. During the Reagan years, the peak unemployment was worse 10.8% vs 10.2%, but under the current circumstances unemployment is far more stubborn. To be comparable to the Reagan recovery unemployment would have to be 7.5% now rather than 9.1%. Moreover, the Reagan recovery had to occur under the head winds of extreme high inflation and interest rates.

]]> By: Buzzcook http://s171185354.onlinehome.us/2011/08/13/its-not-the-stimulus-its-the-regulation/#comment-19327 Buzzcook Fri, 19 Aug 2011 16:32:02 +0000 http://s171185354.onlinehome.us/2011/08/13/its-not-the-stimulus-its-the-regulation/#comment-19327 http://static8.businessinsider.com/image/4bb614577f8b9a1667ae0100/chart-020510-update.gif Obama and his administration are not liberal. The stimulus was inadequate and poorly managed, much of the funds have yet to be invested. http://4.bp.blogspot.com/_Zh1bveXc8rA/S8cW4-njIRI/AAAAAAAABGo/A0Z7DWoJQfk/s1600/Clipboard01.bmp While the economy left by Bush jr is much worse than that left by Bush the elder, the challenges are the same. Obama could have passed a sane budget as Clinton did in 93 with 50 votes and Al Gore. Instead he continued the Bush tax cuts and the Bush policy of giving free money to bankers. I hope the charts show up. http://static8.businessinsider.com/image/4bb614577f8b9a1667ae0100/chart-020510-update.gif

Obama and his administration are not liberal. The stimulus was inadequate and poorly managed, much of the funds have yet to be invested.

http://4.bp.blogspot.com/_Zh1bveXc8rA/S8cW4-njIRI/AAAAAAAABGo/A0Z7DWoJQfk/s1600/Clipboard01.bmp

While the economy left by Bush jr is much worse than that left by Bush the elder, the challenges are the same. Obama could have passed a sane budget as Clinton did in 93 with 50 votes and Al Gore. Instead he continued the Bush tax cuts and the Bush policy of giving free money to bankers.

I hope the charts show up.

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