Obama Issues Dire Warning on Economy, page 1

Obama Issues Dire Warning on Economy

news.aol.com

FAIRFAX, Va. (Jan. 8) - President-elect Barack Obama warned of dire and long-lasting consequences if Congress doesn't pump unprecedented dollars into the national economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since the election.
"In short, a bad situation could become dramatically worse" if Washington doesn't go far enough to address the spreading crisis, the Democrat said as fresh economic reports showed an outlook growing increasingly grim.

(visit the link for the full news article)

OK folks we are now just days away from Obama taking office and it sounds as if he will hit the ground running.

If I am hearing Obama correctly he is stating that the only solution to our economic problems is to speend our way out.

He goes so far as to say that the US economic problems may not be solvable if we do not act fast by throwing a LOT of money at the problem.



news.aol.com
(visit the link for the full news article)

reply to post by RFBurns

---

I agree we must stop sending our dollars out of country.

Any ideas on how to motivate Americans to buy American.

I am of the opinion that much of this problem has been caused thru the passing of NAFTA and we are now starting to feel the effects.

Originally posted by deepred
reply to post by RFBurns

---

I agree we must stop sending our dollars out of country.

Any ideas on how to motivate Americans to buy American.

I am of the opinion that much of this problem has been caused thru the passing of NAFTA and we are now starting to feel the effects.

Back in the 60's and 70's you could buy a real true American made, brand spanking new vehicle for 3 grand, didnt matter what make it was. And every single part in that vehicle was manufactured in America.

Television sets, same thing, all made 100 percent American made parts.

Appliances, same thing, all made 100 percent American made parts.

Just take a stroll down any wallyworld isle and read the labels. Made where?

Another part of the problem was for about 20 years, folks wanted cheap. So the markets became flooded with cheap products and they became even cheaper and drove out the American made products. Most think that when they spend a grand or two at wallyworld, those dollars stay in their communities and in the country. They dont! The big corporate gets a huge chunk, then the rest goes to the sweat labor plants and overseas manufacturers flooding our country with even more cheap products.

The trade ratio is so severely out of balance its not funny. We need to get away from this "cheap is better" attitude and once that is overcome, we may see something actually move forward with our economy in a realistic way.



Cheers!!!!

There is an already existing thread on this topic here.

Please contribute any firther questions and/or comments to the above linked thread.

Thank you.

Thread Closed.

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