Quote:
Originally Posted by Cranky Old Man
So according to you fixing a broken economy is just a matter of relaxing and waiting for it to happen automatically? Don't you realize you are insulting Sarah Palin who did a lot of hard work to fix our economy?
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No, not automatically. It takes a number of actions to promote economic activity such as enacting an expansionary money policy, lowering interest rates, and increased government spending (all of which were done by most governments around the world). After such policies are put in place though, it is just a matter of time.
I'd also like to point out that you call this "fixing a broken economy" but the economy was not "broken". Quite the contrary, actually. As we do not live in a world of perfectly efficient markets (where there would hypothetically never be a recession), a recession is an inevitable correction after a period of economic growth. Thus, it is actually a sign of a healthy economy correcting itself.
Sarah Palin's work is therefore irrelevant. Barack Obama's work is also more or less irrelevant as monetary policy is not really his decision, although I believe he did increase government spending so that should count for something (although not much).