MarketWatch: Republicans would do nothing for economy

[marmar]

By Rex Nutting, MarketWatch


WASHINGTON (MarketWatch) — The Republicans are expected to take control of the House (and possibly the Senate) in next month’s election, largely because the public is outraged that the economy still isn’t growing fast enough to create any substantial number of jobs.

Their political victory isn’t likely to translate into any noticeable improvement in the economy any time soon, however. No matter who wins in November, the economy is fated to a slow, agonizing, relatively jobless recovery.

It’ll take years before the unemployment rate drops to an acceptable level, years before the banking system is fully functioning, and years before the crippled housing market returns to health.

That’s not to say that the right government policies couldn’t make a big difference, it’s just that nothing the Republicans have proposed would help much, even if they could enact their economic platform on their first day in office.

And that’s not going to happen. President Obama still has the power of the veto. The more likely outcome of the election will be further gridlock, with neither party able to change public policy at will. That’ll mean more uncertainty, not less. ........(more)

The complete piece is at: http://www.marketwatch.com/story/republicans-would-do-nothing-for-economy-2010-10-20

[wishlist]

1. Repubs talk about jobs but have no proposals except to eliminate taxes on corporations

Their only issue is taxation which amazes me that it seems to be working so well when the Congress under Obama has actually lowered taxes for most Americans.

[Javaman]

2. I predict that if the repukes get in, two years from now, the economy will

be in a shambles due to half witted inaction by the repukes. The repukes then will blame everything on Obama.

Like I said before, as much as I hate saying it: we have to have the repukes in power, then have them slam the economy into a wall. It must be done under their watch, otherwise the morons of this nation will never wake the hell up.

Believe me, I'm in no position, personally speaking, for the economy to tank. It would effectively kill me.

I'm just pointing out the only way for the right wing fucking morons to totally self destruct. Like alcoholics, they have to hit bottom before they can recover from their wanton stupidity.

[pansypoo53219]

3. i want to ban this nebulous recurring word

uncertainty. why is this the word of the year like death panels.

[Andy823]

4. Yesterday

When the markets were going down, CNN Money had an article asking if things will get worse in November if republicans "DON'T" win control of at least the house. They were saying investors were betting on republicans taking over and had figured that into their plan, and that was why things were doing so well, up till yesterday! They never really came out and said the markets will "crash" if republicans don't win, but pretty much hinted at that. Many other reports, like the one above, pretty much say it will make no difference, and some actually have said markets to "BETTER" when democrats are in charge of things.

One comment they did make was business was betting on republicans because they knew republicans would not be putting more "regulations" on them, and that republicans would try and repeal some of the regulations that the democrats have put on the so far!

[SocialistLez]

5. I dunno...

I'm thinking some corporations will ramp up hiring and cite lower taxation rates that Republicans put in place (if Republicans do in fact enact lower taxation rates).