modern republicans:total denial of the recent past

[Free Thinker]

Quote from Mercor:

Ross Perot in 1992. It resulted in a the 1994 Republican takeover of the House after 40 years. Within 5 years the budget was close to balanced.

after clinton got through tax increases over republican cries of impending doom.
obama has offered republicans the same deal again. they refuse. who is the roadblock?

 

[Mercor]

Quote from Free Thinker:

after clinton got through tax increases over republican cries of impending doom.
obama has offered republicans the same deal again. they refuse. who is the roadblock?

The economy did not take off until after the Nov 1994 elections. It was also the point the stock market started its big 6 year run.
You must kniow that removing money form the private market and giving to the Government does not build growth.
It was the Contract with America and promise to slow spending that caused the boom.

 

[Ricter]

Quote from Mercor:

The economy did not take off until after the Nov 1994 elections. It was also the point the stock market started its big 6 year run.
You must know that removing money form the private market and giving to the Government does not build growth.

Unless there are pools of unused money around, then government borrowing and investing does not "crowd" any private borrower out.

 

[wildchild]

Quote from Free Thinker:

after clinton got through tax increases over republican cries of impending doom.
obama has offered republicans the same deal again. they refuse. who is the roadblock?

Obama offered a plan that failed 0-99 in the Senate. Obama is in no way, shape, or form a President who is seriously trying to tackle this issue. In addition, Obama had absolute control for 2 years.

 

[Mercor]

Quote from Ricter:

Unless there are pools of unused money around, then government borrowing and investing does not "crowd" any private borrower out.

Unused money is usually in the bank in some form.

commercial bank money from an initial deposit of $100. the initial deposit is lent out 10 times with a fractional-reserve rate of 20% to ultimately create $500 of commercial bank money.

Seems like the banks can get more money in the system then the Government.