Indaswamp wrote:That is what has sustained our growth.
Or our growth has sustained that debt
Indaswamp wrote:We hit a wall in 2007
We burst an economic bubble in 2007. Not the first, not the last, not even unusual. Did the debt fuel the bubble or did the bubble fuel the debt? They clearly feed off of each other.
Indaswamp wrote:have not regained the same debt expansion growth rate. That is why our economy is stumbling.
Or because our economy is stumbling we have not regained debt expansion. But we were in a bubble so, returning to bubble conditions would be just as destructive, so this would not be a reasonable objective.
Why is our economy stumbling since the bubble burst?
In 2006, the Dems took over Congress and in 2007 they massively expanded government spending. Does massive expansion of government cause the economy to soar or stumble?
Then in 2008, the nation took a flier on an affirmative action President and we had a massive porkulus bill. Did that massive spending cause the economy to soar or stumble?
Then there was Obamacare will that cause the economy to soar or stumble?
Obama still wants to hammer CO2 emissions and does that threat cause the economy to soar or stumble?
Obama and his minions in charge of the bureaucracy and does that help the economy soar or cause it to stumble?
Obama pushed through a minimum wage increase and does that cause the economic fortunes of the young and unskilled to soar or stumble?
Obama and his minions supported insane unemployment compensation and does that cause the economy to soar or stumble?
Massive increase in food stamps, those on disability, and other welfare will cause the economy to soar or stumble?
Since 2007, there has been so many foolish things done by the government that guaranteed to cause economic hardship. If not for all of this foolishness, the economy would be doing just fine. Unless you believe all of those things are of negligible to positive economic impact.
I truly believe that most of what you refer to is the symptom and not the cause. The horrible economic policies of the Democrats in Congress and Obama and his administration have put a huge drag on the economy, yet it still limps along. If that burden would have never been imposed, a normal economic recovery from the explosion of the housing bubble would have occurred by now. He and his minions really have done that much harm.
Stupid people can cause problems, but it usually takes brilliant people to create a real catastrophe. Thomas Sowell