jkmac

Does Obama Have What it Takes to Turn the Economy Around?

Tonny, are you kidding ? Pelosi, Reed, Dood, Frank, - - - that's a laugh.
you need to get your facts straight. The main reason, we're in this economic mess in the first place lies primarily with the two huge democratic created programs Fannie Mae & Freddie Mac. Look at a recent Quote by the President, just as the melt down started.

" Democrates have been resisting any efforts by Republicans in congress, or by me ... to put in some standards and tighten up on Fanny Mae & Freddy Mac"

The quote was NOT made by President Bush but by
PRESIDENT CLINTON speaking in Sept.this year.

It was HIS administration's relentless focus on spreading the wealth that led to looser lending standards and regulatory pressure on banks to make mortgage loans to shaky borrowers.

This is the PRIMARY reason the world economy is in a free fall. Other factors are there but without the impact of these failed democratic programs, that spread as a economic cancer, the world would be a better place.

But then let's consider, without the economy failing Obama would have had to switch to something else. First it was the war, , , then that turned
towards success, now let's see well " it's Oil & energy we need to CHANGE that, well then that started to taper off, & no one talks about immigration any more, a HUGE problem in country which Obama won't touch. - -
Then the economy, well that's what got him elected, certainly not his qualifications, or his long track record of accomplishment. It was that along with the almost laughable media bias, and the fact that he ran against a relatively weak opponent that he's where he is.
Don't get me wrong, , I will always hope the best for this country and it's people. This economy will turn around eventually no matter who is in office, it's not the executive branch that has control over that. It's much bigger than that, it's a global matter that will really be decided by people more so than Goverment. That is unless of course your man in charge does what most likely he will do & that's slow the process down.