"Recessions don't just happen, they are created by Republicans" OMG, THE STUPID!!!

[Odin2005]

Ran into this in the Bernanke LBN thread. Somebody give that poster a Macro-Econ textbook and tell him/her to look up the business cycle. Geez, I hate it when people think EVERYTHING is a conspiracy. :eyes:

[LeftishBrit]

1. They aren't created by Republicans, especially when they are worldwide...

however, it *is* true that right-wing, laissez-faire economic policies generally make them worse.

[Odin2005]

2. That's what I said in the thread.

[TZ]

3. Economics, like science is a complex topic

Therefore here on DU, it is not well understood and it becomes...black and white...good vs. evil etc...

[Odin2005]

4. I've noticed that people tend to look for people to scapegoat instead of understanding the science.

It's like people just don't "get" that most things in society, especially most bad things that happen. are "ordered" by no-one in particular but are instead are unintended consequences of other policies and collective behavior.

[TZ]

5. they are the left wing version of the fundies in some ways

RW says everything happens because its god's plan or someone made god mad..On the left bad things don't just happen its because someone made it happen. I think that in general, alot of people in society today cannot accept that simply put "shit happens" sometimes.

[Warpy]

6. Recessions are normal parts of the business cycle

but what those incoherent folks are really trying to say is that the Republicans create the conditions for depressions.

They've got a point.

[JitterbugPerfume]

7. exactly

sometimes people (me included) have trouble expressing exactly what they mean in a forum where give and take can be very limited

[Anarcho-Socialist]

8. The thing is, the US would still would have had a recession under a President Gore

Economic indicators in late 2000 were already pointing to likely GDP contraction in 2001. Like others have pointed out, the 2001-2 recession would likely not have been so deep, and the recovery would have been more expedient under a Gore administration.