HappySqurriel on 06 August 2012
| Jon-Erich said: Unfortunately, what the American people don't understand is that our economy is so internationally linked that even if a politician does all the right things and people are able to find work, some financial disaster in some far away country could have a negative impact on us. Even if in some alternate universe where Romney won the 2008 elections, he would probably have a lot of the same issues Obama is having right now. So whoever wins in November, I hope they try their best, but I don't think we'll see any miracles happen. |
The problem is that the government policies that have a negative impact on the creation of jobs tend to have the most impact when the economy is already in trouble ...
The 2008 financial crisis could have been averted with effective lightweight regulation and the government not trying to manipulate bank lending practices for political gain; but even if it happened, had the US government had a lightweight regulatory system, reasonable tax rates, and an effective education system there would have been fewer jobs lost and more jobs created making the financial crisis much smaller in effect.
