Off-Topic: MM do you really think

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	Name:	MartiniMan -
	Subject:	MM do you really think
	Date:	1/24/2013 10:20:10 AM (updated 1/24/2013 10:22:32 AM)

Archie, I definitely do not blame Obama for the results in the first year or year and a half, nor do I blame Bush, tax cuts, etc. The job losses were the result of the recession which occurred because of the housing bubble bursting, said housing bubble caused by the distortion of the free markets by the CRA, Fannie and Freddie.

And yes, Obama deserves some credit for the improvement in 2011 and 2012 but the point I was trying to make is that it is a very weak recovery and could have been much better had he relied on the private sector instead of the stimulus. I am sure you have seen the numbers about how much each job created by the stimulus cost and it is much too high and much higher than the private sector would have incurred. I don't like stimulus programs because they cost too much per job, tend to be used to prop up state and local governments that were not fiscally responsible and result in too much crony capitalism (ala the billions wasted on clean energy firms). So yes it had a positive impact but when you look at the costs compared to the benefits it seems to me that there is a better way.

The point I am trying to make is that this has been the worst recovery since the Great Depression and the reason is that Obama has followed FDR's approach and it didn't work then and it has given us lackluster results now. I know I have mentioned the book The Forgotten Man by Amity Shlaes and I really think you would benefit from reading it. While you may not agree with everything you will see an eerie similarity in approach and results. I had hoped in November we would go another way but the electorate has spoken and we will have to live through another four and possibly eight years of trending toward a European-style democratic socialism which has not worked out too well for Europe and had they been forced to pay for their own defense it would have collapsed a decade or more ago. BTW, did you get my email?