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06-04-2011, 11:03 PM #8
Senior Member
Double-Dip Recession Time?
The problem with "Obama bashing" following the the midst of the biggest financial recession since the 1930's is that it is nothing short of disingenuous. Not only did government revenue as a % of GDP fall from it's historical average band of 18.5%-20% to 14% while social safety nets (which are designed to catch those who truly fall) were swollen from 10% unemployment.
Originally Posted by CanGroIt
Therefore, you cannot cut government spending during this stage of the recovery without invoking another recession which is why your argument is quite invalid.
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