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Focus Hocus Pocus

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Filed: Country: Philippines
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If there’s one piece of conventional pundit wisdom that annoys me most, it’s the constant refrain that Obama was wrong to pursue health care, that he should have focused on the economy instead.

For the question people saying this never answer is, what would that focus have consisted of?

Yes, Democrats would be in better shape if the economy were in better shape. Duh.

So when you say Obama should have focused more, what policies are you talking about? A bigger stimulus? As far as I can tell, almost no pundits are saying that. So what other concrete policies do they have in mind? I have never gotten an answer.

The notion seems to be that if Obama had spent the past 20 months going around with furrowed brow, saying, “I’m focused on the economy”, this would have (a) somehow created jobs (b) made people feel better about 9.6 percent unemployment.

Look, it might have been slightly better if Obama had acknowledged the economy’s problems more forthrightly, rather than continuing to insist that the ARRA was doing just fine. But that’s not about focus — and not at all opposed to doing health reform too.

What’s crucial to remember here is that economic policy is about actually doing things, not about saying “Message: I care.” A bigger stimulus — and, importantly, one that wouldn’t fade out just in time for the midterms — would have mattered. “Focus”, not so much.

http://krugman.blogs.nytimes.com/2010/11/02/focus-hocus-pocus/

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Filed: K-1 Visa Country: Isle of Man
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Obama was a huge hit the last 2 years. That's why today Democrats are going to be rewarded by remaining in complete control of Congress. Thanks to Obama and his amazing accomplishments the majority of Americans are gonna go out and vote Democrat. kicking.gif

India, gun buyback and steamroll.

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Krugman, all I can say is :rofl::rofl::rofl::rofl::rofl:

Yeah what would a world renowned economist know versus the likes of Rush - a failed dropout.

PS. Nice sig on Rob though..:lol:

Edited by Heracles

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

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Filed: K-1 Visa Country: Lesotho
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Yeah what would a world renowned economist know versus the likes of Rush - a failed dropout.

PS. Nice sig on Rob though..:lol:

Who said anything about Rush? Krugman is an idiot. He deserved his nobel about as much as Obama did. If we followed his advice we would be an additional 2 or 3 trillion in debt and still have 10% unemployment.

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Steve, it'll be over soon.

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"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006



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