Over the last few weeks, all we have heard is how bad the numbers are getting. Well, who was the president that caused all the numbers? It is not like the first few months in office allowed President Obama to increase the unemployment rate. Just because some of the numbers are getting worse does not mean that it is not going to get better. The old saying is “it has to get worse before it gets better.” President Obama is doing everything he can, working day and night, to get this country back to where it was before it was turned into a disaster.
Yes, foreclosures are higher. Yes, mortgage rates are higher. Yes, the unemployment is higher, but it WILL get better. There is absolutely no doubt in my mind that our president will turn things around and get this economy back to where it should be. The Subprime mortgage crisis cause the housing market to complete erode, it is going to take a long time for that to change. It make take his entire first term before we get back on track, but it will happen!
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You are correct in your statement that it will get better. You are also correct in your statement that Obama’s/Legislative policies will be the cause - but it will not occir in the manner you suggest. As a result of Obama’s/Legislative policies the democrats will achieve in 4 years what it took Bush/Cheney 8 years to achieve - they will rapidly disenfranchise enouhg americans that they will lose power. When this occurs, their replacments will roll-back the anti-business, anti-family policies adopted by Obama/Legislature THEN, things will get better
I BELIEVE YOU COULD BE RIGHT THE SITUATION GLOBALLY MAY TAKE A LITTLE LONGER. I BELIEVE THE GROWTH WILL NEVER RETURN TO IT’S POSITION IN THE LATE 2006′S
I BELIEVE YOU COULD BE RIGHT THE SITUATION GLOBALLY MAY TAKE A LITTLE LONGER. I BELIEVE THE GROWTH WILL NEVER RETURN TO IT’S POSITION IN THE LATE 2006′S
Thanks for this. It’s obvious there are most of those who personally as well as politically hate Obama especially those who voted for him and now have some serious doubts are castigating him. The problem in America is we have a fast food mentality when it comes to the economy, it can’t be repaired overnight!! The Fed will be given more power abeit regulated to a certain extent. The last 8 yrs under the Cheney/Bush regime didn’t help matters much and still we have a war costing money in a no easy pull out situation in Iraq and Afghanistan. The country’s financial future is still tied up in these countries. Our
capitalist system is not exactly the best in the world but it needs
help in order for it to survive. Patience is not a virtue for a society
that wants get quick rich solutions, we need long term solutions
that will get the U.S. out of this recession in due time.
And who caused the Subprime mortgage crisis…the lack of regulation of fannie mae & freddie mac was mostly pushed by the Democrats who felt that EVERYONE, even people who couldn’t afford homes should have one. Well, look where that got us. George Bush started the bailouts, but Mr. Obama has surely escalated them more than anyone could’ve imagined. It is his baby now., noone else to blame. He wanted the job, now let’s see what he does. So far, the only thing I see him doing is wasting time on TV every single day of the week and weekend, could be making better use of his time. Keeps hiring more czars…who’s paying their CHUNKY Salaries?? WE ARE. I really don’t think he had any idea what he was getting himself into. NOT easy to keep your country safe for the last EIGHT years, but nobody gives credit where credit is due. I am more afraid now than I ever was when George W. was our President.
You must be living in the fantasy world Obama and the media helped create in your minds. The stimulus plan is not and WILL NOT help the economy. It’s just creating even more inflation and putting the country into more debt. 1. Yes, the Stimulus plan will create jobs but these jobs are TEMPORARY jobs like building schools and bridges and things. Once the people are done doing those jobs they’l go right back to being unemployed. Plus, if I worked for a bank company that went bankrupt or let’s say I worked as a business executive or accountant for Circut City, I’m, not going to go and start being a builder and build schools and bridges for people.
2. The stimulus plan is creating government jobs. Government jobs don’t the economy because they are payed with TAXPAYER’S MONEY . So, all the money that we will be “saving” or getting back from the government will go right back to the government to pay the workers.
3. George Bush didn’t cause the economical downfall, if you knew ANYTHING besides what the media feeds you, you would know that a president of a capitalist country cannot make the economy worse nor make it better. But, as the president of a socialist country, (which is what Obama wants to be) controlling the economy (really just making it worse) is very easy. In Socialism, the goverment controls everything and everyoen gets the same evrything and everyone is equal. Socialism is actually a very good idea, but it is a great IDEA. Socialism can’t be effectivile with a large country with a big population. It doesn’t work. anyway, back to the economy. Do you know how it was caused? It had nothing to do with the president it was the American people’s own fault. Our irresponsibility with buying houses that ppl couldn’t actually afford to pay off the mortgages causing the homes to be forclosed. When a home gets foreclosed the banks buy it. The banks take control of the house. The houses get sold, but for a lot less than what the house was originally bought for. The mortgages were never fully payed back so the banks never actually got payed back completely and many times barely got the money the house was bought for. So this kept happening and the banks kept losing money and some of them went bakrupt and their stock went to nothing making even more people lose tons of money and their jobs. Many other businesses were forced to go out of business. A lot of other things contributed to the economic downfall, too. George Bush however, had little to do with it.
5. And by the way, the economy will nt get better until more jobs are made. Hmmm, how did we get out of the depressions? NO it wasn’t Roosevelt who singlehandedly got us out, it was World War Two. WWII needed lots of weapons, various supplies, and artillery to be made. Hello manufacturing and hello jobs. If you knew your history, you’d know the 1800’s was where the economy flourished and at one time was at an all time high because that was when they started MANUFACTURING. That’s the key to putting the economy back on it’s feet. Good ol manufacturing. But sadly, due to having one of the highest corporate taxes in the world, nobody wants to have factories here and that’s why they nring their factories to places like China and Taiwan with much lower corporate big business taxes. John Mccain and the conservatives wanted to lower these taxes, not lower taxes for rich people in general, that was one of the many things the media distorted and falsely said abot Mccain. Obama said he’s going to raise these taxes which is getting rid of the thing that can put the economoy back on track!!! This is crippling the economy even more! American people: Wake up and smell the soon to be SOCIALIST DICTATORSHIP.