Psht...ANOTHEr recession?...is there something I'm missing here?...the '08 was caused by democrats and now that democrats have basically controlled government for 5 whole years, they still can't fix it. The incompetence of the democratic party is appalling. Its like a bunch of uneducated lying pricks controlling the most powerful country on earth. Oh yeah, and you have clue what you are talking about, because the debt and surplus is irrelevant to what actually happened to cause the recession.
As the years went on, the national debt had skyrocketed to the point that the people especially the corporations were freaking out and the banks were unable to take on any more loans. That had caused major part of the crash of 2008. Sure, it was partly the democratic fault of fannie and freddy mae mess but it was not entirely their fault. They did contribute to the problem but no party is perfect. Watch the movie "Inside Job" if you want to be educated about how the entire crash of 2008 happened.
Inside job is wrong, and please tell me how republicans are responsible. If you are able to tell me specifically what republicans did to cause the recession, I'll gain respect for you and forever be in your debt. I'm waiting for an explanation.
In the light of this, I find alot more things to blame about Republicans than Democratic in handling of America. If the Republican ran their way, it's corporate socialism with the tax cuts and tax loopholes which saves corporations alot of money and they use that money to send jobs oversea just to make more profit. At this time of history in America, we are facing 'corporate socialism'. When the corporate has too much wealth and hoards it, recession will occur. But when the corporate spends money on the domestic jobs and pay them well, the money will continue to flow, and in return, more people will find jobs and with more jobs, people will be able to buy more things which translate in more profit for the corporate. USA will also get more money from the income taxes which they can use to invest in education, healthcare, and infrastructure which is the positive force for any business to thrive in.
By this logic, if you give 1 dollar to a rich person, he would just hold it in his bank because he has no use for it which does not exactly simulate the economy. But if you give 1 dollar to a poor person, that person would use the money to buy foods or pay for the debts which will simulate the economy and basically give the money back to the corporate which they can use to invest in other things.
Thats wrong actually...your logic is confused. not to mention at least there is logic in the republicans.
We just need to make business in USA more business friendly and we are not doing that because the education here is failing and so is the infrastructure. Don't even get started on the healthcare because the poor people cant even afford it. I know some people who work has problems with their legs or wrist and cannot take care of their problems because they cannot afford the skyrocketing healthcare costs.
Business will thrive if we have educated and healthy workforce as well as good maintained infrastructure. We just need more middle class to support the rich, not the poor to support the ultra rich. We are all human beings and we all have rights damn it! We need to have good education to develop real job skills, good healthcare to be healthy and work efficiently (A person who has problems with their wrists or any other body parts will not improve efficiency in their job but actually slows it down) and a great infrastructure which I think is self explanatory.
Business is unfriendly in the U.S due to democrats once again. The EPA reigns of the environment make it impossible, plus the taxes and requirements are ridiculous.