Should the US Government take more control over the economy?

While many Americans are protesting greater government control of the economy, a new poll shows that out of twenty countries that participated in the data collection, 67% of people actually wanted more government spending and oversight in order to boost the economy. Just this past weekend, however, tens of thousands of people descended upon Washington DC to show their frustration with government bailouts and the stimulus. So what is the discrepancy here? And what is the US Government NOT doing that some of these other countries are? RT's Dina Gusovsky speaks to Clay Ramsey from the Center on Policy Attitudes.

Category:

News & Politics

Tags:

• U.S. economy
• Barack Obama
• Federal Reserve
• Ben Bernanke
• Clay Ramsey
• Dina Gusovsky
• tea party protests
• financial crisis
• global stimulus
• bank bailouts
• China
• Egypt
• Australia
• Brazil
• Russia
• G20
• IMF
• Ron Paul
• Audit the Fed
• stock market
• dollar
• new world currency
• Henry Paulson
• Lehman Brothers
• Bear Sterns
• health care
• national debt

[samin62]

spending more is just going to make it worse.

[silversobe]

"Government big enough to supply everything you need is big enough to take everything you have ... The course of history shows that as a government grows, liberty decreases."

~Thomas Jefferson

[wtong89]

@silversobe

History also have shown that supply-side economics is the reason for the US running large deficits. History also dictates that Demcorat Presidents have higher employment, GDP growth and the value of the US Dollar is higher than Republican presidents. But no one really cares because many people think Democrats are socialists and that liberals spend too much. Have they forgotten the conservatives love to spend money on wars, which cost way more than interest on the US debt.

[wtong89]

@samin62

During a time when consumers arent spending, the government spends to offset it. It a capialist economy, you have to spend to make money. I agree the US Govt has to care about the national debt but Economy comes first. Also many Americans are blinded by the fact that Americans prior to the Reagan Administration paid way higher taxes. The US can pay off the debt if they increase taxes, but conservatives are still trying to sell bullshit supply-side economics to Americans.

[minghan05]

This advisor is not answering specifically on the discrepancies, but generally. he didn't address the specific factors, other than just saying that the sentiments abt govt intevention in USA is different from the rest. Didn't show real grasps on the issues or shed meaningfulness into those figures

[TheLivingDeadOne]

becuse they do not own those 3-tvs and 6-cars and 5-computers and its all on credit with a promise to pay over time with interest,.,.Its an illusion of wealth that can go away in a second,. plus,. you are one of the 70% consumer (people who spend money they dont have in the fist place) on things they dont need in the first place,. (See above)

[CosmoZorzi]

cool narrative mr.economics advisor

[EndlessPalm]

Stick with Fox news and do us a favor.

[robertus911]

I don't know what all this talk about how bad things are in the economy

When every one in the U.S. has two or three televisions and five computers a six car in the drive way and two boats. What this sociaty is doing is acting like cry babies. The U.S . economy didn't need a shot in the arm in the finacial sector what it needed was a swift kich in the ass in the labor sector.

[Speaksforthetrees]

US Government Control = Print money and buy stocks .

[tatonka6969]

very true

[abarzilai664]

Americans have no tradition of statist intervention so they would be naturally suspcious of anything that smacks of gov. intervention.