Wrong! The economy will improve only when Obama leaves the White House, not
Mountanman You are wrong again. When he took office the economy was
in a nose dive, losing 700,000 jobs a month, hardly his fault. Within three
months things started to turn around. Since then about 5 million private sector
jobas have been added. In additon, the markets (Dow, Nasdaq, and S&P) have
all doubled in three years. That rise in the market is unprecedented (like
never before) especially considering the Asian and European markets have been
People are seeing and feeling this around the country which is one of the
reasons why Obama's reelection hopes are improving. Offcourse, having the
worst Republican nominee since Bob Dole has helped as well. If Mitt could win
he could take credit for the Obama recovery. He did that for the Olympics when
most insiders will tell you that he took credit for a lot more than he deserved.
Mountanman wrote:"Wrong! The economy will improve only when
Obama leaves the White House, not until."What?The
economy is more in the hands of Wall Street than the President. Surely you know
this. So what are you saying? That there is a form of Wall Street racism where
investors are refusing to invest in America "until that black man is out of
office!"??Are you serious?
If Romney were to become president he would implement corporations (corporate
people) as instruments to turn the USA into a nation of haves and have
not's the same as in Mexico and other plutocratic nations where the
privileged rich own and control everything and the rest of the less privileged
working class are serving the interest of the rich in a servant society with
little opportunity to compete with the rich or to become rich, and with few
rights or voice in their employment or lives.
The economy took a nose dive because of the federal government meddling in the
housing market with sub-prime loans to people with no assets, no job and no
income that started during the Clinton administration. The demand for housing
skyrocketed as a result as did the price of homes. When millions of people did
not service these loans, billions of dollars in toxic assets came back to the
banks, and the prices of homes dropped the bubble burst (as it always does),
home prices plummeted and we had the bailouts to banks to keep them from
closing. Add to that $ billions in UAW pension benefits that GM and Chrysler had
no ability to pay; we got the â€śbailoutâ€ť for them. All with borrowed
money much of it lost, unaccounted for and wasted! In the meantime 49 million
Americans are on food stamps, the most in history. We have double digit
inflation of food and energy and your net worth has decreased by about $4,000
since Obama became president. Real unemployment=abt 20%. Bin Laden is dead, but
Al Qaida is alive and well (ambassador Stevens is dead). What success can you
lay at Obamaâ€™s feet?
Louie is correct. Obama has created many jobs. By giving most of the stimulus
money to other countries, economies have grown, and jobs were created.Too bad he hasn't helped the United States. Just last week he was
stopped from giving hundreds of millions to Egypt. You know, the ones who
killed Americans and burned our flag.I'm waiting for some Barry
supporters to explain that.
louie,8+% unemployment is OK with you? people under-employed and/or taking
lower paying jobs is OK with you?I M LDS 2making excuses for
BO's abysmal failure does not change the fact that he has failed. The
current "recovery" is the worst we have had since the depression.
Unemployment has remained above 8% for BO's entire misadministration. "The economy is more in the hands of Wall Street than the
President." So you agree with me when I say dudd-frank was a failure.Skeptic,class warfare? is that the best you've got? FTthere is no BO recovery. Worst republican nominee? Romney has
sucessfully turned around private businesses, not-for-profit enterprises, and a
state government. he has shown he knows what he is doing. What has BO done?
told people how to get more money from the government, making them MORE
dependent (less independent) and slowed the current recovery. Oh, and funneled
mots of taxpyer money to failing businesses to try to protect his campaign
donors' investments in them.