So, let's see, when it suits you the stock market is a barometer of how good the economy is? What affect do you believe 16 million unemployed Americans has on corporate expenses thus profits?Where you equally as excited when Bush had a 14000 stock market?FilmFestGuy;1058891017]Let's see - since his inauguration, the stock market is up from 7929 to 10,465 or an increase of nearly 32%.
There are 7 million less employed today than when Obama took office, bls.gov and you think that is a success? 16 million unemployed or an increase of over 4 million since the stimulus plan took effect and that is a success to you?The job creation index is at 11 now - it was at -1 when Obama took office: Gallup Daily: Economic Indexes
A collapse that apparently Bush created all by himself? Tell us why taxpayers fund Congressional Representatives if it is the President that creates all legislation and unilaterally implements economic policy? Do you realize, probably don't care, but the Democrats controlled Congress and helped get us into this recession. Now with the same Congress and a Democrat empty suit in the WH they have made things worse, higher debt and higher unemployment. Where is your outrage?Things are far from perfect; but everyone who is reasonable knows that the recovery from this collapse is going to take quite some time - years to get anywhere near normal. In fact, odds are "Normal" is never coming back.
Obama doesn't understand the economy nor do his book smart, street stupid Ivy League educated advisors. We have a public sector economy that is being destroyed and the results speak volumes, but Obama supporters never really cared about results.The only way to spark the economy is to start thinking dynamically. That's where Obama has slipped up, I think.
The stimulus plan was designed to be spent on shovel ready projects but instead has been spent to bail out unions and other Democrat constituent groups. Jobs saved or created cannot be quantified but unemployment can.The stimulus should have been spent on building new and improved infrastructure upon which private industry could thrive and grow. For instance, the government invented ARPAnet, which eventually became the internet, which eventually led to hugely successful industries that employ millions of Americans. We should be creating a new power grid that supports both old energy and new energy. We should be spending out way out of this in a much smarter manner than we are. On that, I agree.
After spending over a trillion dollars, taking over GM/Chrysler shouldn't things be better. Companies are hoarding cash because they have lower expenses now due to fewer workers thus higher profits and a fear of higher corporate taxes as well as healthcare costs.But things are better now than they were in 2008, it's just going to take several more years for them to get better. Company profits are up and they're hoarding cash. We must incentivise them into spending it in ways that create job growth and spur demand. All I see from Republicans are policies that will continue to support them hoarding their cash and continuing the constant cycle of money spiraling ever upward to the top 1-10% wealthiest Americans that began in earnest in the early 2000s. Hoarding harms the nation. I'm not against the wealthy being wealthy - but tax policy should reward hiring and investment and should punish hoarding by taxing interest on cash holdings at a rate that basically makes the interest near negative. This will force the "trickle down" that Conservatives seem to so adore.
We live in a free enterprise, capitalistic economy that Obama doesn't understand. The results speak for themselves.