Economic Recovery

Discussion in 'West Mall' started by WashU-Horn, Nov 4, 2012.

  1. WashU-Horn

    WashU-Horn 500+ Posts

    See the video link below. IF Romney wins, he will preside over an Obama Recovery that he is bound to call his own.

    The Link

    The International Monetary Fund’s latest World Economic Outlook makes for gloomy reading. Growth projections have been revised downward almost everywhere, especially in Europe and the big emerging markets such as China. And yet, when looking out over the next four years — the next presidential term — the IMF projects that the United States will be the strongest of the world’s rich economies. U.S. growth is forecast to average 3 percent, much stronger than that of Germany or France (1.2 percent) or even Canada (2.3 percent). Increasingly, the evidence suggests that the United States has come out of the financial crisis of 2008 in better shape than its peers — because of the actions of its government.
    Perhaps the most important cause of America’s relative health is the Federal Reserve. Ben Bernanke understood the depths of the problem early and responded energetically and creatively. The clearest vindication of his actions has been that the European Central Bank, after charting the opposite course for three years with disastrous results, has adopted policies similar to the Fed’s — and averted a potential Lehman-like collapse in Europe. (Mitt Romney’s two most prominent academic advisers, Glenn Hubbard and Gregory Mankiw, seem to recognize this, but Romney apparently doesn’t. As recently as August the Republican presidential nominee repeated his criticisms of the Fed and promised to replace Bernanke at its helm.)

    WaPo Article: The Link

    The next president will reap the rewards of work already done. So it would be the ultimate irony if, having strongly criticized almost every measure that contributed to these positive tends, Mitt Romney ends up presiding over what he would surely call “the Romney recovery.”
     
  2. Vol Horn 4 Life

    Vol Horn 4 Life Good Bye To All The Rest!

    There is no recovery under way, but of course he'll try to take credit.
     
  3. Roger35

    Roger35 2,500+ Posts

    Keyword: IF

    Romney is not gonna win, even with all the stop the vote effort by the repubs.

    But yes, you're right that the economy is on it's way to a full recovery and Mittens wil take credit if he wins.

    [​IMG]
     
  4. hornpharmd

    hornpharmd 5,000+ Posts

  5. HornHuskerDad

    HornHuskerDad 5,000+ Posts

    ^We'll know for sure tomorrow. Then we'll have the results of the only poll that matters.

    HHD [​IMG] [​IMG] [​IMG] [​IMG]
     
  6. pk-horn

    pk-horn 25+ Posts

    Getting a little ahead of ourselves aren't we? At last check GDP growth is low, unemployment high, the deficit is over a trillion dollars for the 4th year straight, national debt at a crushing 16 trillion and the number of people on food stamps has increased by tens of millions. Let's recover first and then worry about who gets credit.
     
  7. Mr. Deez

    Mr. Deez Beer Prophet


     

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