California’s Nightmare Will Kill Obamanomics

[Fate]

As someone who formerly despised Romney, I wouldn't mind him.

He's far from inspiring, but they could do far worse.

I still think HUck has a great shot at it - depending on how he positions himself and who he surrounds himself with.

You're not familiar with American culture, but Huckabee currently is a horrible TV talk show host and regular hack on Fox News. That good ole Arkansas boy has cashed in. He's done with elected politics.

[Admiral Yi]

Mexicans and blacks couldn't vote for the majority of those 100 years. California has only gone downhill since the mid 60s.

It might have something to do with TV.  Raise some money, run some political ads, pass a ballot initiative.

[Hansmeister]

As someone who formerly despised Romney, I wouldn't mind him.

He's far from inspiring, but they could do far worse.

I still think HUck has a great shot at it - depending on how he positions himself and who he surrounds himself with.

No, Huckabee doesn't have a chance.  Six months into Obamanomics it is already clear what a disaster it is.  by 2012 the economy will still be rather shitty, deficits will be massive, and the dirigiste economy championed by obama will be wholly discredited.  The country will look for someone who can exhibited economic competence, and as much as i dislike Romney, nobody fits the bill more than him.  Huckabee's economic populism will not work.  Romey will be able to raise massive amounts of money from every businessman and financier who doesn't depend on gov't handouts and steamroll the competition.  Plus, he can inject plenty of his own money if necessary.

What happens if the economy picks up?

With the anti-growth currently being pursued there is little chance of that happening (unless Obama fails at getting anything more of his jobs destroying programs passed).  But if the economy did pick up the gargantuan fiscal deficits, combined with the Fed Reserve having printed money like crazy would mean that either the interest rates would have to rise sharply, causing a double-dip recession, or inflation would spin out of control.  the odds of the economy returning to healthy growth prior to 2013 are virtually nil.  A year prior to the election I had already said that it'll be better if the dems win the WH in '08 because the economy is going to suck and a GOP President would've zero chance of pushing thru a pro-growth agenda with this Congress.  The Dems might as well take all the blame for the next few years of mismanagement.

[Neil]

Although, to be fair, neither party has really been very good with the economy during the last 35 years or so.

[Darth Wagtaros]

I believe Hansy is right about the economy not picking up before 2014 at least.

[Habsburg]

Just write off our debt.

God.

[Hansmeister]

I believe Hansy is right about the economy not picking up before 2014 at least.

It's a housing crunch, those recoveries are never easy or quick.  Add to that the global nature of the crisis, plus the incredibly stupid and counterproductive policies of the Obama administration (Bush was just as bad), as well as several other major countries in the world (e.g. Britain) and you have a disaster that will take years to recover from.

My only hope is that Keynesiansm will finally be completely discredited (somewhat ironic, since Obama's plan even fails the Keynesian test).

[Neil]

If not Keynesianism, then what?

[alfred russel]

No, Huckabee doesn't have a chance.  Six months into Obamanomics it is already clear what a disaster it is.  by 2012 the economy will still be rather shitty, deficits will be massive, and the dirigiste economy championed by obama will be wholly discredited.  The country will look for someone who can exhibited economic competence, and as much as i dislike Romney, nobody fits the bill more than him.  Huckabee's economic populism will not work.  Romey will be able to raise massive amounts of money from every businessman and financier who doesn't depend on gov't handouts and steamroll the competition.  Plus, he can inject plenty of his own money if necessary.

First it's ridiculous at this early stage to say that anyone "doesn't have a chance".  It's too early.  Hell Dan Quayle could conceivably make a comeback and be the Republican nominee in 2012.

Second, there's no guarantee that Huck would run on the same platform of economic populism as he did before.  I even said it would depend on his platform and who he surrounds himself with.

Huckabee ran on a platform of abolishing the income tax. Even if he doesn't run on that next time, that will be something that is hard to live down in a general election.

[Hansmeister]

If not Keynesianism, then what?

Good, classical economics.  Keynesianism was an excuse to broaden the powers of both politicians and economists, which is why it was so readily embraced by both when it made its first appearance.  But at its core it is complete nonsense.

The recession is a result of bad policies of Congress, the WH, the Fed Reserve and the financial markets over at least the last decade.  You can't fight it, to do so is only to waste money, as well as creating more bad gov't policies all around.  Virtually every measure taken by gov't to date in order to solve the crisis has only made matters worse.

Focus on the macro, let the economy expunge the bad, while setting an environment where the economy can rebound by creating new growth.  So the gov't should remove inhibitors to growth, alas, the gov't has done the exact opposite.

[Razgovory]

With the anti-growth currently being pursued there is little chance of that happening (unless Obama fails at getting anything more of his jobs destroying programs passed).  But if the economy did pick up the gargantuan fiscal deficits, combined with the Fed Reserve having printed money like crazy would mean that either the interest rates would have to rise sharply, causing a double-dip recession, or inflation would spin out of control.  the odds of the economy returning to healthy growth prior to 2013 are virtually nil.  A year prior to the election I had already said that it'll be better if the dems win the WH in '08 because the economy is going to suck and a GOP President would've zero chance of pushing thru a pro-growth agenda with this Congress.  The Dems might as well take all the blame for the next few years of mismanagement.

Lets say we do see recovory before 2012 with out the inflation or interest rates going nuts.  What then?  What will you do then?

[Fate]

With the anti-growth currently being pursued there is little chance of that happening (unless Obama fails at getting anything more of his jobs destroying programs passed).  But if the economy did pick up the gargantuan fiscal deficits, combined with the Fed Reserve having printed money like crazy would mean that either the interest rates would have to rise sharply, causing a double-dip recession, or inflation would spin out of control.  the odds of the economy returning to healthy growth prior to 2013 are virtually nil.  A year prior to the election I had already said that it'll be better if the dems win the WH in '08 because the economy is going to suck and a GOP President would've zero chance of pushing thru a pro-growth agenda with this Congress.  The Dems might as well take all the blame for the next few years of mismanagement.

Lets say we do see recovory before 2012 with out the inflation or interest rates going nuts.  What then?  What will you do then?

Blame the socialists for making it take that long.

[Barrister]

As someone who formerly despised Romney, I wouldn't mind him.

He's far from inspiring, but they could do far worse.

I still think HUck has a great shot at it - depending on how he positions himself and who he surrounds himself with.

You're not familiar with American culture, but Huckabee currently is a horrible TV talk show host and regular hack on Fox News. That good ole Arkansas boy has cashed in. He's done with elected politics.

I'm familiar with his show.  It seems to me its a great base to start a run in 2012.  He doesn't do "issue of the day" stuff, but rather larger themes.  In short - no sound bites that can harm him 3 years from now.

[Barrister]

Huckabee ran on a platform of abolishing the income tax. Even if he doesn't run on that next time, that will be something that is hard to live down in a general election.

Pfft.  Where have you been?  Losing politicians disavow their old platforms all the time.

Just off the top of my head - 'In 2008 I supported abolishing the income tax.  While I think that idea still had some merit at that time, after 4 disasterous years of Obamanomics that is no longer an option.  I am here to fight the campaign of today, not the campaign of yesterday".

[Jos Theelen]

It's right at the end of the article I posted.

Sorry, missed that. Didn't read the whole article.
But what is the use of articles from people who clearly have some agenda. Couldn't you pick some article from someone less biased? It suggest that those articles are worth reading.