patrick.net

If they kept the Fed functioning as status quo then nothing, but if they either replaced Ben Bernanke with someone not creating a pimply faced kid's dream, final exam economic experiment out of the world and our economy, with the ego maniacal notion that he could have single handedly staved off the Great Depression, by following Japan's economic path. Then all bets are off.

less than .0?% interest rates for savings and federal loans, MM, CD's ect.
Is and has been the single driver of this Great Great Great depression we've been in since 2007-08.

The fed and who runs it are the clearest signal we have of who really runs the govt.

Yes, and that's why mentioning Japan as a failed nation of savers to justify spending does not hold up at all. Japan embarked on the same cheap money path and the savers got screwed over the lost decade. With interest rates like these traditional safe savings unfortunately don't have that much effect. Better go and buy some real estate, prices can only go up! ;)

Bernanke was/is a big critic of Japan's economic policy in the 90s. Perhaps he's delusional?

http://seekingalpha.com/article/289839-bernanke-vs-bernanke

The unemployment rate would have been the same.
I am an Independent that voted for McCain, because I think he is awesome and Obama would have destroyed the economy.
That did not happen, and Obama prevented a depression. I am so impressed with Obama that this time I will vote for him.
I would also like to apologize to Obama for having doubted him 4 years ago. Sorry dude.

robertoaribas says

CaptainShuddup says

less than .0?% interest rates for savings and federal loans, MM, CD's ect.

Is and has been the single driver of this Great Great Great depression we've been in since 2007-08.

lowest rates causing a depression... yeah... I'm really not sure how to reply to something this stupid...

Better read up on Japan then.

Meh. Why a question for conservatives? Most Right Wingers are delusional enough to believe that the country would be 10 times better off under McCain. Most of them are the same ones that will vote for Romney for the same reason. Although there are ideological differences between the two parties, there are miniscule policy differences, since the entire Government is owned and operated by the worlds Central Banks, Large financial institutions, Big Pharma and Major Corporations. More War, more debt, more bailouts, more handouts, more taxes, more nanny state, less freedom. Same under Bush, Same under Obama, would have been the same under McCain, will be the same under Romney (who will lose in an Electoral College landslide anyway), and so things will continue. More victims in the lower class, a far poorer middle and upper middle class, and a much richer elite class.

Ruki says

Do you have proof of that or did you just pull that out of your ass as it sounds?

We wouldn't have been 10x better off under McCain.

3/4 of my family and friends are avid right wingers. This is the general consensus I've gotten from all of them. I kinda pulled it out of my ass, yes. But it's a basic summary of their beliefs.