Ok, can any Obama supporter explain to me in logical terms how Obama is a better choice to deal with the current economic crisis.
Originally Posted by bushmasterM4
Sure, the crisis is not really all that much of a crisis in the first place except for the group psychological fear factor. After all it was Dick Cheney who said, "deficits don't matter" and though I wouldn't agree with him 100%, I have studied modern macro-economics and monetary realism and he is factually correct.
#1 - We are not bankrupt and cannot go bankrupt unless we choose to do so.
#2 - The two things we have to keep an eye on are employment (try to get back to full employment) and inflation. So far Ben Bernanke has done a good job of that mostly and Obama will keep him.
#3 - Our biggest risk is to try austerity like the Europeans (who have been thrown back into a recession) and Obama will not cut the public sector radically before we are back to full employment and more than 3-4% GDP growth.
Also, after the last two significant recessions 70% of our recovery was driven by the autoindustry and housing. This last recession of 2007 was worse than the previous bad ones and only 10% of the recovery so far has been due to the housing sector, but Obama did make it possible for the auto industry to come back and now housing is coming back and should supply most of an addittonal 50 to 60% to the recovery going forward.
Finally, I think Romney would have been more focused on helping Wall St. and the 1% than Obama (though Obama and Dems are rather subsurvient to Wall St as are the Republicans) but Obama will focus more on the middle class than Romney would have and will not get rid of regulation again. I strongly believe that when Main St. does will Wall St. will too rather than the other way around and I think Obama will be much better for Main St.
Just my 2 cents.