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originally posted in:Sapphire
Edited by Bleachuo: 4/15/2014 10:17:09 PM
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Economics 101

Few people know anything about Economics. Unfortunately, many people like to think they do. ITT discuss economic issues that may arise in the world. For example, one thing many of the people I know love to say is that "this president has spent more money than any other president in history." I'm sure the majority of you have heard this stupid comment made by more than one republican in the recent past. Unfortunately for them, OUR president has cut spending more than any other president in recent history. In fact, there has never been another president that has cut spending down to the amount Obama has since Eisenhower. That is probably the most talked about Economic issue in the past few years. Many economists like Dean Baker claim that this is not the issue that we should be discussing since the debt really doesn't matter. The issue we should be discussing is trade. Our net exports are in the negative which doesn't do good for our GDP. For those of you who are new to economics, the GDP is one of the primary indicators about how are economy is doing. It basically tells us how much our country, as a whole, is spending. At the start of 2008, our GDP went down for about a year, however since then, it has went back up consistently. So fortunately, our GDP is not in shambles, but with our vulnerable economy, we need government spending to increase, net exports to become a positive number (we import more than we export and that is why it is a negative number), consumer spending to stay increased, and investment to stay increased. Our major problem is the trade deficit, so to do that, we need to weaken the dollar so that more foreign companies will buy our exports. As a result, 6 million jobs will increase, and in the long run, save us from another recession or a depression.
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  • >not a single mention of Marx Bourgeois scum, all of you

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  • Edited by cxkxr: 4/16/2014 11:38:03 AM
    >Makes economic 101 thread >Claims no one knows economics >Is one of them Two things. 1. Obama has accumulated more debt than all the presidents combined. 2. Obama has only cut proposed [i]increases[/i] in spending, he hasn't actually cut anything at all. ie; Let's say the projected debt we'd have by 2016 is 25 trillion. Instead, it's now 22 trillion. "Cutting" an increase in spending, is still an increase in spending. DERP. 3. Stop repeating msnbc disinfo. [quote]but with our vulnerable economy, we need government spending to increase[/quote] My sides! x'D

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    • The whole planet needs to abandon capitalism and move on to something better. Capitalism is based on infinite growth, and how is that possible with limited resources? Unless we move on to destroying other planets. Countries competing against each other like this is not healthy. But I guess this thread is about smaller issues than saving the planet, sorry if I went off-topic there.

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      • I remember reading my first econ blog and anointing myself an expert.

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        • >Thread about money >No comments about whether it's real a shiggity diggity

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        • Is trickle down economics a good or bad thing?

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          • You had no chance when you posted this in Sapphire.

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            • Why don't we just print tons of more money and give it to poor people? World poverty fixed, you can start worshipping me

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              • 2
                Paragraphs. Paragraphs are your friend.

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              • The key to good economics: listen very carefully to everything the Republican Party has to say about the economy [spoiler]Then do the exact opposite.[/spoiler]

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              • The biggest crime in U.S. economics.

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              • Edited by Bleachuo: 4/15/2014 10:19:35 PM
                The link I provided in my OP contains many charts and numbers about our economy. Feel free to browse through to enlighten yourself on how well America is doing. Also, here is the GDP chart that I found.

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