They wanted a guy who was NOT BUSH. The reason why so many people were borrowing so much money, is that the previous administrations going back to Reagan were (a) reducing the wages of the working class in order to make businesses more profitable, which does not grow the economy and (b) they reduced and in some cases eliminated the laws that prevented bad lending practises. Now Obama is an impossible situation, he is in charge of a government that is hopelessly in debt, coupled with a population that is hopelessly in debt, and corporations that are hopelessly in debt. And what use is giving the top 2% of people more money? If you simply give people that money, then there is no impetus to hire people. If you gave that money to people at the bottom of the totem pole, the workers, then the employers will have more insentive to hire more staff, build more factories etc. If they were given money directly, they will just buy a bigger yacht.
Yes indeed and the answer lies in the US people individually to correct their personal debt positions (reduce it to nil) and if they have any say in business organisations that they should do the same in their companies, in proportion to their business ratios. Get back to basic, tighten belts and live a very simple life. State Governors should tighten up at state levels and it is best that they do not join Obama's wagon - He is saying things that are half truth, or straight out non-truth (with a straight face) and that shows that the basis of his policies are at best flawed and what he is doing is merely enlarging the bureacracy needlessly nothing more. He might be interested in controlling lives like in communist type governments. People who have credit cards I think should cut it up in pieces and be freed from that bondage. Having said that, it must be reiterated that all these were evident before the elections, but people were obssessed with a black president and a saviour and forgot that the election was about electing politicians who would be running the countries affairs on behalf of the people. At the end of OBAMA's term I think the world (or what is left of it) will need a real savior literally. Obama is turning his back on natural laws that safeguard the norms of decency that built America to become the giant of a nation it became, per kind favor of the Eternal Creator, He wants to create jobs and at the same time increase the tax of employers (top 2%) who can help to increase employment, At a time when employment is down by the millions, he is talking of withdrawing soldiers OK - but I have not heard him talk about alternative employment perhaps he is merely shifting people from Iraq to Afganistan. The predicament that Obama is creating now, could be summed up in one sentence, Cursed are the children and grandchildren of Americans, for they will inherit the huge debts of irresponsible spending of their loving parents and grandparents. I apologise for seeing things negatively this way, but it is inevitable.
The US economy is so laden with debt (public, corporate and private) that I do not see any way out of it apart from massive inflation (which is probably going to happen anyway). I sure hope Obama knows something I don't, because if I am right, we are all in for some hard times, no matter what country we live in. The US is just too big an economy.
They wanted a guy who was NOT BUSH. The reason why so many people were borrowing so much money, is that the previous administrations going back to Reagan were (a) reducing the wages of the working class in order to make businesses more profitable, which does not grow the economy and (b) they reduced and in some cases eliminated the laws that prevented bad lending practises. Now Obama is an impossible situation, he is in charge of a government that is hopelessly in debt, coupled with a population that is hopelessly in debt, and corporations that are hopelessly in debt. And what use is giving the top 2% of people more money? If you simply give people that money, then there is no impetus to hire people. If you gave that money to people at the bottom of the totem pole, the workers, then the employers will have more insentive to hire more staff, build more factories etc. If they were given money directly, they will just buy a bigger yacht.
Yes indeed and the answer lies in the US people individually to correct their personal debt positions (reduce it to nil) and if they have any say in business organisations that they should do the same in their companies, in proportion to their business ratios. Get back to basic, tighten belts and live a very simple life. State Governors should tighten up at state levels and it is best that they do not join Obama's wagon - He is saying things that are half truth, or straight out non-truth (with a straight face) and that shows that the basis of his policies are at best flawed and what he is doing is merely enlarging the bureacracy needlessly nothing more. He might be interested in controlling lives like in communist type governments. People who have credit cards I think should cut it up in pieces and be freed from that bondage. Having said that, it must be reiterated that all these were evident before the elections, but people were obssessed with a black president and a saviour and forgot that the election was about electing politicians who would be running the countries affairs on behalf of the people. At the end of OBAMA's term I think the world (or what is left of it) will need a real savior literally. Obama is turning his back on natural laws that safeguard the norms of decency that built America to become the giant of a nation it became, per kind favor of the Eternal Creator, He wants to create jobs and at the same time increase the tax of employers (top 2%) who can help to increase employment, At a time when employment is down by the millions, he is talking of withdrawing soldiers OK - but I have not heard him talk about alternative employment perhaps he is merely shifting people from Iraq to Afganistan. The predicament that Obama is creating now, could be summed up in one sentence, Cursed are the children and grandchildren of Americans, for they will inherit the huge debts of irresponsible spending of their loving parents and grandparents. I apologise for seeing things negatively this way, but it is inevitable.
The US economy is so laden with debt (public, corporate and private) that I do not see any way out of it apart from massive inflation (which is probably going to happen anyway). I sure hope Obama knows something I don't, because if I am right, we are all in for some hard times, no matter what country we live in. The US is just too big an economy.