[TheRealVille]

If one didn't know better, he might think you had the first clue what you're talking about. Just because you have a good investment councilor doesn't mean you understand what drives the economy. Your hero (Obama) is bumbling around doing what HE thinks is right, to his and our detriment. Refinancing one's loan every darn time a payment comes due will never make a dent in paying it off. The balance will only grow. It will give him cover until he can get out of Dodge though. I mean, he blows off the advice of the best Generals in the world where it comes to national defense, why would he listen to economists, right?

During the Reagan years America suffered from the ravages of inflation. Art Laffer's financial understanding, whether by good fortune or timely application based on a comparative analysis between Keynesian theory and Supply Side theory, was exactly what the doctor ordered. America climbed out of the ditch and boom times prevailed owing to demand. But, there is a monster of a different stripe which stalks the global economy and it's name is deflation, which, is a vacuum of demand.

Growth brought us out of the Carter era blues. But in an economic environment where the government, which has the authority to control every aspect of industry FTR, is actively clamping down on the drivers of said industrial growth, we find ourselves in trouble whether we try to apply the reasoning of KE or SSE. It is in the mixing of liberal ideological yearnings with economics that we guarantee failure IMHO.

If we try to spend ourselves out of trouble as suggested by the Keynesians, we must be very careful that that spending does not to exceed our ability to recoup what we spend through the growth we're trying to develop. In other words, if we spend a trillion dollars stimulating the economy which through taxes and fees only nets the federal government a half trillion dollar return, we just flushed 500 billion dollars. On the other hand, if we insist tax cuts are the only way to go even when demand is down because of a deflationary spiral, the government is again giving money away that will in no case be coming back to the treasury. Even John Maynard Keynes himself was committed to a balanced budget as the only means to avoid the ultimate collapse of our economic system.

The evil twins of economic destruction are ignoring our 20 trillion dollar debt, and trying to reinvent society in the eye of the rabid liberal. For example, one huge driver of the economy is in military expenditure. Liberals hate the military on ideological grounds so now that they are in power, they're defunding everything from research and development to maintaining a viable level of equipment and personnel. The result is vast layoffs and depressed manufacturing in the aircraft and military hardware arena. More than one military strategist currently believes that America would be hard pressed to mount a legitimate defense. Another huge driver to the economy is in the field of energy. Liberals hate all forms of fossil fuels (forget the fact that we cannot survive without them) and so they are attempting with some success to regulate them out of existence. This has a direct affect on a myriad of industry. Most men like to hunt, fish, camp, drive 4wheelers on trail rides, or something along those lines. If the liberal is successful in his quest to eliminate the use of fossil fuels the boating industry will eventually fail. So will the recreational vehicle industry. So too will the high dollar pick ups and SUV's necessary to tow all this stuff around while still doubling as the family truckster. So will trailer manufacturing and all the suppliers who build everything from trailer hitches to tires. Of course, the spin offs to all this are too many to name.

Ideological madness rules at present, therefore we are closing electrical generating stations as if the greatest evil on the planet was the use of coal. We are thumbing our nose at the Keystone XL Pipeline as if it's intended use was to transport nuclear waste instead of crude. We have more contempt for JPMorgan Chase and Bank of America than we have for Raul Castro or Sayyed Ali Khamenei. Cops are bad while looters and arsonists are supposedly part and parcel to the American way.

So as long as we are utopia building to suit the "Imaginers," Supply Siders and Keynesians alike will find every effort an exercise in futility. But as to Stan Collender, even if the deficit goes to zero (which it won't) but, we are still in debt to the tune of 20 trillion by the end of the Obama era, we'll still be in a great deal of economic distress. The government still spends more than it's taking in. After the Obama era is mercifully over, the national debt will have doubled from 10 trillion in 2009 to 20 trillion in 2016. You can't say he's making things better when he himself said George W was unpatriotic for running up "4 Trillion by his lonesome," when Obama is hanging 10 trillion on us by his lonesome. You can call it deficit spending or you can call it debt, it's still the same government spending our money, projected or real.

The stock market, economy, and my investment guy made me 40k profit last year on my money, in this economy. Looks like it is you that doesn't know what a strong economy is.