Originally posted by Phlegmi
Anything is an improvement from the last administration, so yes Obama is doing a good job. Actually, seeing what he has inherited I think he is doing
a great job.
I get really tired of this "what he has inherited" mockery. Yes, he had a deficit and a two front war. The economy didn't start to fal until late
2007 and not hit recession levels until 2008 which subprime loans were a huge contributor to the fall of the market which was the Clinton
administration and the Fannie and Freddie Community Reinvestment Act “everyone should own a house”. The Bush administration attempted to impose
more restrictions but Barney Franks, head of the Financial Services oversight committee opposed transferring oversight from congress to The department
of housing and urban development. A dedicated agency versus congress that barely can handle their own affairs. It was the democratically elected
congress that was responsible for the oversight and as well should be held accountable, not Bush.
NAFTA was the beginning of the transfer of jobs over seas and GAFTA wasn’t any better but Obama's solution is to impose greater corporate taxes.
Yes, that'll keep em here!!!!
Obama and their supporters need to get off this band wagon that all the woes he is facing is a direct cause of Bush and what we are facing now.
Flooding the market with money will only decimate the dollar, creating a tsunami of hyper inflation.
The government now is dangling cheese to their minions with their social welfare projects. Well guess what, when they finally take a bite of that
government cheese, they will realize it wasn't a good sharp cheddar they were promised, but a colon tartar.