zalaywan

Will Obama's Economic Policies Drag the U.S. Down?

you cant blame the government for your problems in a consumer market, although bushs policies had somewhat of an impact on the recession, he cant be blamed. its the consumers lack of monetary funds due to irresponsible choices, leading to a loss of jobs who may, in many cases be completely innocent of defaulted loans, but thats how the market works. Government spending cant help us in the way our market is structured, we need to let businesses fail and rebuild, and yes we will be affected and go into a deprecion but the market will build back stronger.


On Nov 17 10:43 AM Tom B wrote:

> If "W" hadn't 1) blown 10-12 billion/per month in Iraq WITHOUT GETTING
> THE OIL PROFITS 2) kept an eye on subprime before it exploded, we
> wouldn't be in a severe recession now. Maybe we'd have no recession,
> or even growth. We've got troubles until, 1) the overhang of foreclosures
> eases 2) people actually have JOBS again (you know, it's tough to
> grow the economy without actual CONSUMERS.
>
> Obama has several advantages over Bush 1) He's smart 2) He favors
> competant advisors. I don't know what he's planning, but if he can
> 1) slow/ease foreclosures 2) get money to the middle class 3) fix
> trade, things will start getting better.