Comments on: The Debt Road Trip Movie Fallacy http://charlesredell.com/blog/2009/07/17/the-debt-road-trip-movie-fallacy/ Life in all its various formats. Mon, 04 Jan 2010 17:27:41 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Al - lift kits for trucks http://charlesredell.com/blog/2009/07/17/the-debt-road-trip-movie-fallacy/comment-page-1/#comment-10752 Al - lift kits for trucks Tue, 01 Sep 2009 03:02:31 +0000 http://charlesredell.com/blog/?p=557#comment-10752 I really don't think it matters at this point, who's fault it is. I'm sure the blame can be passed out to an endless number of people. Many want to blame Bush for all the problems of the past 8 years and make that the reason for the rotten economy. We have to look forward and try to come up with a solution to the problem and I don't think an inexperienced radical left politician is going to have it. I really don’t think it matters at this point, who’s fault it is. I’m sure the blame can be passed out to an endless number of people. Many want to blame Bush for all the problems of the past 8 years and make that the reason for the rotten economy. We have to look forward and try to come up with a solution to the problem and I don’t think an inexperienced radical left politician is going to have it.

]]> By: zeke http://charlesredell.com/blog/2009/07/17/the-debt-road-trip-movie-fallacy/comment-page-1/#comment-9995 zeke Mon, 20 Jul 2009 13:36:03 +0000 http://charlesredell.com/blog/?p=557#comment-9995 You touched on this, but the biggest problem with the video--assuming his analogy is accurate, which I'm willing to grant because I am not willing to do the math--is that he compares deficit spending from different eras without providing context. When Bush II came into office, we had a surplus and a booming economy; we were perfectly positioned to drive backwards (ie, pay off some debt). Instead Bush took us into deficit spending to fund a war we didn't need. He (and Congress, and everyone else for that matter) then proceeded to watch Wall Street pillage the economy. Obama is definitely spending like a mad man right now, but he's doing so to prevent the collapse of the economy and deal with the utter shit show of a situation Bush left behind. I'm not suggesting his policies will work--I have serious doubts and frankly don't know who to believe on this topic. But I do know that this road trip analogy is very misleading out of context. The question isn't who signed off on the biggest increases, but who failed to take advantage of the opportunities, and who created the situations that necessitated deficit spending. You touched on this, but the biggest problem with the video–assuming his analogy is accurate, which I’m willing to grant because I am not willing to do the math–is that he compares deficit spending from different eras without providing context.

When Bush II came into office, we had a surplus and a booming economy; we were perfectly positioned to drive backwards (ie, pay off some debt). Instead Bush took us into deficit spending to fund a war we didn’t need. He (and Congress, and everyone else for that matter) then proceeded to watch Wall Street pillage the economy.

Obama is definitely spending like a mad man right now, but he’s doing so to prevent the collapse of the economy and deal with the utter shit show of a situation Bush left behind. I’m not suggesting his policies will work–I have serious doubts and frankly don’t know who to believe on this topic. But I do know that this road trip analogy is very misleading out of context. The question isn’t who signed off on the biggest increases, but who failed to take advantage of the opportunities, and who created the situations that necessitated deficit spending.

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