What is the Democrats exit strategy in the war on the recession?

[AresMan]

Only one other recession/depression on this magnitude. Yes, we've had other recessions but not like this.

The only place I know whose economy came close to this was Japan in the 1990's. The conclusion is their government reacted too slow and now that period is known as the lost decade.

The conclusion is their government stopped acting too slowly.

 

[KenH]

If I didn't love my country I would almost wish that the Democrats would give in to the Republicans and not do anything. Then, when the economy totally went under the Republicans would be so discredited that the party would probably go out of existence altogether and be replaced by a sensible political party to compete with the Democrats.

 

[LeBuick]

You have more than once said that the recession is the result of the Bush tax cut.

Could you tell me how much revenue was lost as a result of that tax cut?

How does that revenue loss - if any - compare with the increase in spending concurrent with the tax cut?

Without that knowledge you are just talking through your hat.

Bush eliminated taxes on profits corporations made from overseas productions which not only encouraged offshoring of American jobs but now has millions of American's unemployed. When there are millions of unemployed Americans, you have millions of people not paying their bills. When you have millions of people not paying their bills, you have a banking/credit crises. Look around, look familiar to you?

I'm not saying its the only cause of this mess, but it sure didn't help...

 

[LeBuick]

I have seen you state this quite frequently. Can you explain just exactly what you are talking about? (With some sources, please!
Thanks.)

I can provide a lot more if you like...

http://www.nytimes.com/2004/10/07/business/07corptax.html?_r=1&pagewanted=print&position=

The bill also includes $20 billion in tax cuts on the foreign earnings of multinational corporations. Companies that have accumulated billions of dollars in untaxed overseas profits, from computer companies like Hewlett-Packard to pharmaceutical producers like Eli Lilly, would be given a one-year holiday to bring those profits back to the United States at a small fraction of normal tax rates.

http://maloney.house.gov/index.php?option=com_content&task=view&id=213&Itemid=61

WASHINGTON, DC - While President Bush and the Republican majority in Congress are touting H.R. 4520, the corporate tax bill Congress passed Columbus Day weekend, Representative Carolyn Maloney joined Senator John Kerry and many other Democrats in strongly criticizing the bill for sending jobs overseas.

 

[LeBuick]

The conclusion is their government stopped acting too slowly.

If only that were the case, they let the economy sink too low and it almost didn't recover. If we don't act now, we could end up in that same situation. We've already lost a lot of valuable time with Bush trying his small fixes that didn't work.

http://www.washingtontimes.com/news/2009/feb/11/where-does-the-conservative-movement-go-from-here/

The 2008 $180 billion stimulus program in the spring failed. The 2008 summer $345 billion housing bailout failed. The 2008 fall $700 billion Wall Street bailout failed. That was the first $1.2 trillion, and it was on former President George W. Bush's watch, but all three passed with then Sen. Joseph R. Biden Jr.'s "yes" vote.