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Posted: May 30, 2012

Many conservatives argue that our economy can flourish only when the federal government gets out of the private sector’s way. Many progressives counter that in our free market system, there are times when the government needs to step in to protect the common good and ensure there is broad-based economic growth. This debate defines our politics today.

Americans of all political persuasions, however, should agree that quick and decisive government action was necessary between 2008 and 2010 to avoid a second Great Depression and to help our economy recover from the deepest recession since the 1930s. After all, the evidence is clear that three acts of Congress signed by two successive presidents between 2008 and 2010 led to the end of the Great Recession of 2007–2009 and the subsequent economic recovery. Specifically:

  • The Troubled Asset Relief Program of 2008 rescued our financial system from almost certain meltdown, saving the U.S. financial system at the brink of disaster
  • The American Recovery and Reinvestment Act of 2009 helped us avoid the feared second Great Depression and kickstarted renewed economic growth
  • The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 strengthened the fledgling economic recovery by cutting the payroll tax and continuing extended unemployment insurance benefits

This column will detail the top 10 reasons why these three key government interventions in the economy were successful. But first, let’s briefly recount the reasons why such government action was necessary in the first place.

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Thank goodness we had a Democratic Congress in place - Action needed

[ In Reply To ..]
If we had the previous Republican Congress they would have just sat on their hands. We need to elect the Democrats again so President Obama has someone to work with in his next term.

I was reading below where some misinformed poster was saying that President Obama had not worked with the Republicans. Apparently they do not remember their gleeful posts about how they felt the president had "caved" to Boehner and his cronies. When President Obama compromises, they call it "caved." One of the many reasons you cannot deal with the extremist conservatives.

Democrats needed to fix Republican messes - My bumper sticker. nm

[ In Reply To ..]

Republicans need to fix Obama and Democrat messes - That's my bumper sticker

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and actually makes sense. ;)

So many "extremist" Dems/Libs - and so uninformed

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They are so quick to play their blame game, they ALWAYS omit the fact that Obama had a huge majority in both houses for 2 years. Try actually looking at the votes. The dems didn't vote for the Obama garbage in many cases because that is exactly what it was. THANK GOD REPUBS HAVE COMMON SENSE BECAUSE IT IS SORELY LACKING ON THE DEM'S SIDE.

Definition - of

[ In Reply To ..]
fil·i·bus·ter (fl-bstr)
n.
1.
a. The use of obstructionist tactics, especially prolonged speechmaking, for the purpose of delaying legislative action.
b. An instance of the use of this delaying tactic.
2. An adventurer who engages in a private military action in a foreign country.
v. fil·i·bus·tered, fil·i·bus·ter·ing, fil·i·bus·ters
v.intr.
1. To use obstructionist tactics in a legislative body.
2. To take part in a private military action in a foreign country.
v.tr.
To use a filibuster against (a legislative measure, for example).
Where were you when Dems pulled this crap - searching for your dictionary?
[ In Reply To ..]
I doubt it. Nice how you IGNORED the majorities Obummer had for 2 solid years. Nice try with your talking point spin though. Glad to see your copy and paste works. P.S. Where were you when a dem/lib went off on another poster (maybe you?) for doing the exact same thing? Again, proves the point of hypocrisy, bias and intolerance all the way by libs/dems.

Repeating the uninformed mantra over and over will - not make it so. nm

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Repeating the uninformed mantra over and over will - not make it so - Then why do you do it?
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