Ford wasn't bailed out and GM repaid some of their funding with additional funding. The economy didn't collapse by Bush policy alone and what Obama is doing isn't helping grow the private sector. That is where the U.S. got its strength and is something Obama doesn't understand and apparently neither do you. Ever run a business, ever invested your own money in business? Invest your own money in a business today and see how much your silent partner gets.
Stop with the class envy and warfare, this isn't a zero sum game meaning that the rich don't make their money on the backs of someone else. There is enough in this economy for even you to succeed but not with the attitude you have.
Then you buy the rhetoric it is going to take time to clean up the mess. Stop buying the rhetoric and pay attention to the results. Obama tells you one thing and then does something else. After spending trillions shouldn't the results be better than they are now and Obama had a very strong Democrat Congress that gave him everything he wanted. The results are there for all to see, 16 million unemployed, 3 trillion added to the debt, and a healthcare bill that taxes everyone thus is a job killer. The Obama motto is "never let a good crisis go to waste" and you buy it.
Provide links and fact to back your arguments.
I'm not the one foaming at the mouth. I know that it's imperfect; but it is improving. 2010 has largely seen growth. The greatest concern is still the housing market.
I've provided links to economists and other sources. You merely replied with talking points from right-wing media.
If Republicans are going to do something, why are they blocking the bill to give tax incentives and loan assistance to small business owners? I'll give you the answer - because it's politically expediant. They'll sacrifice American jobs and well-being if it means getting back into power.
I don't buy my rhetoric from the administration (in fact, I never read a thing from them nor do I watch network news). I get my information from sources like The Economist, The Atlantic, and read the daily news from major news sources (a variety with differing perspectives).
If you've read my solutions at all, I've suggested that the best way to improve things is to give tax incentives to businesses who hire and purchase and raise taxes on wealth that is hoarded (American businesses currently hold $1.24 Trillion in cash assets and are just sitting on them).
And, just so you know: Since Obama took office, here are the actual numbers:
In February, 2009 there were 132,823,000 jobs in America. As of June, 2010, there are 130,470 jobs. That's a net loss of 2.3 million jobs.
However, since January 2010, there has been a net growth of 868,000 jobs. If we maintain that pace, by the of this year, that would be a growth of 1.7 million jobs in one year. That would mean by this time next year, all lost jobs would be recovered (net) since he took office. To get back to peak job numbers (137,818,000), that would take another three years (if the pace doesn't change). So, assuming the pace doesn't change, Obama would be close to repairing the damage by the end of his term. If the pace improves (most signs point to the fact that it will), then we will have recovered before the end of his term.
Comparatively, in February, 2001, there were 132,530,000 jobs in America. As stated before in February, 2009, there were 132,823,000 jobs. That means under Bush and the Republican policies that dominated his era (3/4 of it with total Republican control), we created a net 293,000 jobs over eight years or an average of just over 3,000 per month. In 2010, Obama's monthly average is 144, 667 per month.
Notice: Data not available: U.S. Bureau of Labor Statistics
Should it be more? Yeh, I think it should be. I think the stimulus should have been spent on infrastructure improvements. That was a missed opportunity to expand job creation.
However, given the record of the other party over the eight years they had to do things, I don't see how you can believe that they would create jobs? They failed to do it and they failed miserably. What they did do, though, was double the share of wealth held by the top .01% (that's about 30,000 people, you know). And I'm aware that the expansion of wealth isn't a zero sum game. In the 1990s, while income disparity continued to expand - at least the lower quadrants also saw their incomes rise. That was not the case in the 2000s.
I accept your attempt to debate me, but provide sources and facts, please instead of just spouting talking points. Obama wasn't in office for most of the recession, so blaming him for everything is nothing but mouth-frothing. If you believe he somehow started the recession, please tell me how he was able to do it before taking office.
Also, do you disagree with the numbers that are showing improvement? They are not VAST improvements, no. But nearly all indicators are up. If we can stabilize the housing market (the scariest of indicators out there), then we'd enter a period of stronger recovery and faster growth.
Do you disagree with the proposed bill to give tax credits and loan assistance to small business owners? If so, why? Why are Republicans blocking it? What solutions are Republicans offering to improve the economy AND reduce the deficit? How are they going to make my financial life (which, by the way, is quite stable) better (especially considering I'm paying less in taxes now than I was in 2008 under Bush).
(Link isn't working but all numbers come from the Bureau of Labor Statistics website).
