Obama has violated the first rule of holes; stop digging. Adding an additional six trillion to the national debt is a disaster.
Obama has made things far worse than they were when he took over. Massive deficit spending can prop up employment and produce anemic growth for a short period, but the long term price is far too high.
If Obama is re-elected and he continues with his Keynesian economic strategy, the dollar will be worthless in four more years. It will take decades to recover, if we ever do.
Originally Posted by joe bloe
Riddle me this- name any county any economy where the ruler/leader/President was handed a disaster and did not have to spend money to fix it??? Hmmmm how much money did Reagan spend????? So tell me WTF would have McCain done had he been President- are you saying he would not have had to spend money based on the circumstances?
You act like Obama walked in with a huge surplus and spent money for no reason at all- this wasn't the year 2000 where George Dubyah walked in with a surplus and a booming economy and 8 years later fucked it up- You Joe Bloe and every Republican are in denial that the economy was FUBAR and yet you blame Obama for not fixing George Bush's shit in 4 years????
Riddle me this- tell me what was wrong with any one component of Obama's Job bill that he proposed over year ago in which the Republicans didn't want to pass- the Bill had ideas that the GOP had proposed- are you telling me that it's a bad idea to employ thousand of people to fix the U.S infrastructure which is in great need of repairs- however the GOP blocked that bill because had they passed any portion of the bill- the UE rate goes down and it makes it that much harder to defeat Obama- I am sorry but when you put politic first above people's live I lose respect for your party.
Here is what was proposed in the bill Joe- tell me which ones were bad:
Cutting and suspending $245 billion worth of payroll taxes for qualifying employers and 160 million medium to low income employees.
Spending $62 billion for a Pathways Back to Work Program for expanding opportunities for low-income youth and adults.
$49 billion - Extending unemployment benefits for up to 6 million long-term beneficiaries.
$8 billion - Jobs tax credit for the long term unemployed.
$5 billion - Pathways back to work fund.[15]
Spending $50 billion on both new & pre-existing infrastructure projects.
Spending $35 billion in additional funding to protect the jobs of teachers, police officers, and firefighters
Spending $30 billion to modernize at least 35,000 public schools and community colleges.
Spending $15 billion on a program that would hire construction workers to help rehabilitate and refurbishing hundreds of thousands of foreclosed homes and businesses.
Creating the National Infrastructure Bank (capitalized with $10 billion), originally proposed in 2007, to help fund infrastructure via private and public capital.
Creating a nationwide, interoperable wireless network for public safety, while expanding accessibility to high-speed wireless services.
Creating additional regulations on businesses who discriminate against hiring those who are long-term unemployed.
Loosening regulations on small businesses that wish to raise capital, including through crowdfunding, while retaining investor protections.