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RE: Off Topic: Economic Recovery -- RWM

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I read Steyn’s column and you might want to do a little research of your own next time.  A quick google search reveals that both France and Germany have passed relatively large stimulus plans (as a percentage of their total GDP), as have most all of the European Union nations.

 

France: http://online.wsj.com/article/SB123387459145754271.html

Germany: http://www.bloomberg.com/apps/news?pid=20601109&sid=an0ME5IcV5bY

 

Also, as you pointed out the US economy contracted by 1% for the second quarter.  What you failed to mention is that the first quarter saw a contraction of 6.4%, so the contraction has slowed dramatically.  Now, whether this is due to the stimulus bill is something that can probably be debated. 

 

Regardless, it seems obvious you are not interested in an actual debate or discussion of the economy or issues at hand, particularly when you can’t even get the most basic facts of a situation correct.  Your intent seems to be to rant and rave and then disparage any who might disagree.  This is why I (and maybe many others on this list) dislike your constant injections of politics into the discussion thread.  Your constant demagoging of a variety of political issues that might have some bearing on the engineering profession (like the economy) is neither constructive nor becoming of a professional.

 

Doug Mayer, SE

Structural Engineer

 

From: Bill Polhemus [mailto:bill(--nospam--at)polhemus.cc]
Sent: Saturday, August 22, 2009 2:24 PM
To: seaint(--nospam--at)seaint.org
Subject: Re: Off Topic: Economic Recovery -- RWM

 

Mark Steyn reports that the United States, Great Britain and Italy are the only three of the "big economy" nations that are still in recession, with negative economic growth.

The U.S. economy contracted by ONE PERCENT in the second quarter of this year. That's as much CONTRACTION on an annual basis as we had EXPANSION in the WORST year in the Clinton and Bush43 years combined! France and Germany - usually the "big economy "leaders in sorry performance, both GREW by 0.3%.

So, what do the Britain, Italy and the U.S. have in common? Each of them passed big "stimulus" bills in a panicky response to a mild world-wide recession. The U.S. passed by far the biggest; our economy shrunk by far the MOST.

Coincidence? I think not. It is becoming apparent that turning over the governance (not to mention the economy) of this country to a bunch of socialist FREAKS has been the biggest "stuck on stupid" act of the electorate of these United States. The Dems are being told privately by their pollsters that they can look forward to losing AT LEAST twenty seats in the House next year, and probably four to five in the Senate. But some are predicting as much as a FIFTY seat loss in the House and TEN in the Senate.

People are waking up to the massive doofus that we have running things, and his wings are about to be clipped.

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