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ProSense

(116,464 posts)

11. President Obama

Reply to cthulu2016 (Original post)

Sat May 5, 2012, 09:47 PM

May 2012

When Clinton balanced the budget it may well have fueled GDP and jobs (and the internet bubble). If Obama balanced the budget we would enter something worse than the great depression. Two different economic environments.

...doesn't have to balanced the budget, not possible, but here's what he can do and has done:

Mr. Obama gets too little credit. He has done more to rein in long-run deficits than any previous president.

http://www.nytimes.com/2011/02/18/opinion/18krugman.html

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Confidence!!! [View all] cthulu2016 May 2012 OP

This message was self-deleted by its author freshwest May 2012 #1

But we do have inflation pscot May 2012 #2

we really don't cthulu2016 May 2012 #3

According to the BLS inflation calculator pscot May 2012 #6

You are not very familiar with the habits of ducks cthulu2016 May 2012 #7

2.5% inflation coupled with wage deflation pscot May 2012 #8

I am not suggesting that it isn't harder for people to live cthulu2016 May 2012 #9

I don't disagree with what you're saying pscot May 2012 #10

The COLA problem is indeed real cthulu2016 May 2012 #13

Emphatic K&R. The idea that deficits cause contraction (and that coalition_unwilling May 2012 #4

Vain K&R. Egalitarian Thug May 2012 #5

President Obama ProSense May 2012 #11

Yes, Obama doesn't have to balance the budget cthulu2016 May 2012 #12