26 novembre 2010

Obama = FDR = Dépression Économie En Vidéos États-Unis Récession

Voyez comment la nouvelle régulation des marchés financiers de Barack Obama forcera Joanne Garneau à congédier ses 250 employés… La compagnie de Joanne Garneau aidaient les gens à payer leur dette, leur évitant ainsi la faillite…

Where are the Jobs? The Parallels between Today and the Great Depression

The Great Recession officially ended way back in June of 2009, so why are so many Americans still out of work?

It’s not because politicians were twiddling their thumbs. Indeed, from from bailouts to « Cash for Clunkers » to the massive stimulus plan, government has busied itself with trying to fix the economy. And, according to President Obama, this « bold, persistent, experimentation » has brought our country back from the brink.

Obama borrows that phrase from President Franklin Rooselvelt, and today’s president has a lot in common with the original bold, persistent, experimenter. Like Obama, FDR was a charismatic Democrat who replaced an unpopular Republican during a time of crisis. And like Obama, FDR championed a slew of policies designed to get America back to work.

Today many Americans credit FDR with rescuing our nation from the Great Depression, but there’s plenty wrong with that view, says Lee Ohanian, a UCLA economics professor who specializes in economic crisis. « What’s wrong with that view is that private-sector job growth did not come back under Roosevelt, » says Ohanian, who notes that Americans often forget how long the Great Depression lasted. Unemployment stood at 17 percent in 1939, a decade after the infamous stock market crash, and, although times were much worse back then, Ohanian sees troubling parallels between the Great Depression and the Great Recession. In both instances our nation emerged from a severe downturn with strong productivity growth and the banking system largely restored. « So the key puzzle for both today and the 1930s is why aren’t private-sector jobs being created at a much more rapid rate? »

Uncertainty may have something to do with it. « Uncertainty is an enemy of job creation, » says Ohanian, « Because in a world with a lot of uncertainty there’s a tendency to ‘wait and see.' » Our nation’s job creators wait and see what Washington’s next experiment will be.

CEO Joanne Garneau has spent a year waiting for the Federal Trade Commission to announce a new regulation that will determine whether her company hires more employees or even stays in business. It’s just one regulation, a tiny one by Washington standards. How will businesses end up being affected by ObamaCare or the 2,300-page financial overhaul? What if taxes go up? Today, like the 1930s, uncertainty reigns.

According to research conducted by Ohanian and fellow UCLA economist Harold L. Cole, FDR’s anti-market policies actually prolonged the Great Depression by seven years. And what about Obama’s policies? When the unemployment rate finally does improve will he receive credit for rescuing America from the Great Recession or blame for prolonging the crisis?

26 novembre 2010

Le party n’est pas fini ! Économie États-Unis Revue de presse

USA Today

Poll: Tea Party support grows
USA Today

Just about as many Americans want Tea Party-backed members of Congress to take the lead in setting policy during the next year as choose President Obama, a USA TODAY/Gallup Poll finds.

In a survey taken Friday through Sunday, 28% say Obama should have the most influence on government policy next year while 27% say the Tea Party standard-bearers should. GOP congressional leaders are chosen by 23%, Democratic congressional leaders by 16%.

The results reflect the strength of the Tea Party movement as the GOP prepares to take control of the House of Representatives in January.

The survey also underscores Obama’s weakened standing. His overall job approval rating, at 42%, is 1 percentage point higher than his historic low in midsummer. His 35% approval rating on the economy is the lowest of his presidency.