[quote="Juliette"]If Romney ends up in office, then I'm done with this country. I'll start looking into making a move to Canada.[/quote]
Sounding a bit overconfident, but

[quote="Azdgari"]For all the economic figures you post, you ignore the most basic fact: jobs continue to be added to the economy steadily. It will recover. 2% was well over what was projected. We are on a trajectory, even your deficit numbers agree with it (although I concede that one increase). Besides, with Romney's $2 trillion dollar unasked defense increase, he won't be shrinking much of any deficit. No expert backs his plan--they say it's too vague to judge. And mathematically impossible. But that doesn't seem to worry anyone. Yes, there are many unemployed Americans. You know as well as me the state of the economy he had coming in. You know the trend it's on. Do you deny that the economy is on a positive trend? Do you think it's a good idea to deregulate and return to policies that destroyed our economy ? It wasn't five hundred years ago.[/quote]
I do not deny that ever since the unemployment rate hit over 10% back in October 2011, the private sector has been slowly creating jobs since then on. My problem with this is that the economy is not recovering fast enough for most Americans who want to work, and the Obama administration's economic forecasts in 2009 do not match up with what is happening now.
The Wall Street Journal reported:
[quote="
The Wall Street Journal"]After contracting at a 1.2% rate in 2009, a more modest drop than the Congressional Budget Office and Blue Chip Consensus forecasts assume,
the White House sees growth domestic product growth snapping back by 3.2% next year and then 4% or higher the three years after that.The last time the economy preformed that well was the New Economy heyday of the late 1990s.
The 2010-2013 forecasts are slightly more optimistic than CBO but much rosier — in some cases by well over one percentage point — than what the Blue Chip Consensus calls for. A separate private-sector gauge, the Survey of Professional Forecasts, also projects a much weaker economy this year and next.
As a result, the unemployment rate at the end of President Barack Obama‘s term in 2013 will be just 5.2%, according to the White House.[/quote]
In my previous post, I posted that the economic growth rate was at 2% in the second quarter of 2012. This is
NOT what was projected by the White House, and the unemployment rate currently sits at 7.9%.
If you are implying that deregulation was one of the reasons behind the recession, you are wrong. I told you before that President Bush
actually increased economic regulations; over 300,000 regulations according to this
source. If anything, the regulations were either midguided or weren't directed at preventing the real problem: mortage companies loaning money to people that couldn't afford to pay it back. I will admit that some economic regulations is good, but I oppose regulations that act in a bureaucratic way (i.e. red tape).
[quote="Azdgari"]To address healthcare, Americans disagreed mostly with the mandate, which I think is by far the most important part. So I suppose I'm not much good to argue there.[/quote]
Okay, I'll give you that.
[quote="Azdgari"]I will post a New York Times article tomorrow morning on Obama and Romney I found compelling. If you guys could maybe post an article or explanation of what really compels you about Romney, that would be cool. :][/quote]
Well, it is the middle of the evening where I am, and none of your posts have a link to this article, but I would love to read it.
