Obamunism! The Worst Post-WWII Recession

Not a pretty chart from Business Insider:

No matter how you slice it, things are worse than they have been in quite a long while – and remember that these results are after we went whole hog in to Obama’s Keynesian policies.  It wasn’t supposed to be like this – but, there it is.

The reason for this is quite simple:  we went too far.  It is true, to a certain extent, that you can get a lot of “oomph” out of fake money and debt.  You can pile that on for quite a while and make it seem like things are getting better.  But the end result is a grossly devalued currency and a massive pile of debt – and both these things will increasingly prevent rationality and wealth creation.  We’re at that point now – we’re economically doomed unless we change course.  And, even then, we’ll have some pretty bad years to do through as the economy shakes off the burden of debt and fake money.  But once done, it is like having a bad tooth extracted – the pain goes away, the hole heals over and, if you like, you can build a whole, new tooth to replace the old one.

This isn’t rocket science – this is just plain, old common sense.  If someone came up to you and said that if you’d just go heavily in to debt everything will be made wonderful, would you believe them?  Of course you don’t – you might have to take on some debt from time to time, but you know there is a limit to how much you can bear and, also, that in order to save money – if for no other reason – paying off debt swiftly is the best move.  We can, as I’ve said, fix all this.

Or, as I’ve also said, we can start to fix all this – once Obama and his Democrats are out of power.


5 thoughts on “Obamunism! The Worst Post-WWII Recession

  1. retiredspook89 July 9, 2011 / 2:49 pm

    The Count may correct me on this as he has studied Keynes both in greater depth and more recently than I have. The college economics courses I took in the 60’s were around the time when Keynes was falling out of favor and Milton Friedman was coming to the fore. My recollection is that Keynes did not advocate continual massive deficit spending, nor did he advocate raising taxes coupled with stimulative spending during an economic downturn.

    • neocon1 July 9, 2011 / 4:14 pm

      al-0baba the worst everything.

  2. 4moreyears July 11, 2011 / 8:35 pm

    Here’s the cool thing, from your source(CR), the big drop and peak happened while “your” sacred cow and free market magi was still in office. ‘Splain that if you can. Be honest, please show me how Obama caused this mess. Seems to me that the trickle down folks got nothing but trickle. You folks are so ridiculous that it’s hard to even read this tripe. Here’s a thought – try making sense once in a while. At the very least state the facts as they are, not as you wish them to be.

    PS: dare you to post this chart.

    • tiredoflibbs July 12, 2011 / 6:28 am

      “splain that if you can” “dare you to post this chart”

      They did and I will.

      Uh, 4, the chart proves that there was less of a need to hire “part time” workers during those years. Companies could afford to hire full time workers. The exact opposite of what is happening now. Companies cannot afford to take on full time workers and pay for benefits.

      Your pathetic little attempt at “gotcha” back-fired on you. You did not even attempt to explain the chart or the point you were trying to make.

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