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I don't disagree with the data t all. I know people desperately want to be happy about things, but the graphs are really just spin.
GDP and the stock market are easily manipulated with government spending.. Reagan and Bush proved that, but the probablem has always been the rate of acceleration of GDP is LESS than the rate of acceleration to the debt. In short, you can't keep up the pace! They key has always been to spend money such that it makes you MORE MONEY down the line or rig a system that will do just that.
Unfortunately, the middle graph really tells the story, we are still dealing with an INCOME LOSS, despite increased spending.. in short, some jobs may have been TEMPORARILY saved and some new jobs may have been TEMPORARILY created, but there is a net loss.. which means less income to the government in the future.
Strangely, what could really help this economy is cap and trade, as it will create a new bubble, which would create an influx of money... then we would have to spend that money smartly.
Under Clinton the internet bubble was created.. this was done mainly via de-regulation of wall-street, followed by wild speculation in a new medium. It allowed the average joe to make a quick buck and suddenly have extra cash and it also infused the government with larges amounts of extra cash, creating a surplus. Had idiot son not come along and pissed it away, that surplus could have been used wisely to keep us from ever going into a recession and created a more stable economy. The only reason we didn't plunge into a bigger recession at the beginning of bush's presidency was because he spent the money, but he spent it stupidly, so it had no long last effect... The idiot then helped to inflate the next bubble, which was really planned and started under Clinton, but taken to rediculous new heights under idiot... however, unlike Clinton, idiot didn't save the money from the new bubble (the housing bubble), but instead squandered it... so we wind up with a collapse and a huge debt on top of it.. aka BIG ASS RECESSION.
So enter the stimulus... Right now the spending is NOT PAYING FOR ITSELF and NOT SUSTAINABLE and the graphs really prove that fact because there is not a net gain in jobs... lots spent, less income... not a working plan.
Let's see if they actively push for Cap and Trade, b/c that could be just the bubble we need.. but they need to ACT FAST, because if it comes too late.. the GOP will likely get credit for "recovery" which will really be just a bubble and then squander the cash and lead us into a depression.
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