View Poll Results: Will the Economy Recover Under 4 More Years of Obama?

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  • Yes

    28 35.44%
  • No

    35 44.30%
  • Other (explain)

    16 20.25%
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Thread: Will the Economy Recover Under 4 More Years of Obama?

  1. #11
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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by dyanaprajna2011 View Post
    People think that just because Obama didn't fix the economy in his first term, that he's not capable of doing so. But these people are forgetting a few things: Bush severely crippled our economy, and it's going to take alot of time and work to fix it, time and work that Obama might have actually been able to better start in his first term, if Republicans didn't do everything in their power to stonewall him from getting anything accomplished. But, things have actually improved, if only by a tiny amount. Provided he doesn't get the same from Republicans in his second term, I think he can get things fixed, or at least make things better. Like it's been pointed out, he's not the only one involved. He has to work with Congress on how to fix the mess we're in, and let's hope Republicans learn to at least compromise, instead of the playing the BS partisan game they did his first term.
    i liked your post until the bolded part. you should know that will not happen until the next election at the earliest.

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    Re: Will the Economy Recover Under 4 More Years of Obama?

    It'll go up in 2013 and the beginning of 2014, at which time it'll plummet when the private sector tells Obama to go fist himself...harder.

  3. #13
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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by roflpublican View Post
    probably. but it would recover a lot quicker if the house would stop blocking everything. this recovery has been slow and painful because of gridlocking.

    also: the economy is on much better footing than it was when obama took office:
    Attachment 67137796
    sorry to use this picture again but since the figures keep being ignored they need to be presented again.
    Nice picture but clever dividing into presidential "terms" makes the Obama spending look much smaller than it was, since the single TARP huge spending year then became the federal spending "baseline". Also budgets (spending authorizations) are actually passed by congress not the president, who can only sign them or veto them.

    See this: Federal Spending by the Numbers - 2012
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by digsbe View Post
    Obama has had 4 years to fix the economy and so far it seems no better than when he came into office. Do you think after his next term that we will see full economic recovery and growth?
    The economy is like an aircraft carrier. It takes a while to turn around. Business is its engine. As long as business has confidence in leadership, tax and other regulations, it will power the ship. Right now, there's no such confidence. I'd say it's going to be a long journey, but ultimately the economy will prevail and the carrier will complete the turn.
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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by roflpublican View Post
    you give the rich tax breaks, they'll fix the economy. actually they should pay negative taxes. we should pay them to live here.
    Those aren't the people who are really suffering though.

    We'd essentially be rewarding the very people who got us into this mess.


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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by MaggieD
    The economy is like an aircraft carrier. It takes a while to turn around. Business is its engine. As long as business has confidence in leadership, tax and other regulations, it will power the ship. Right now, there's no such confidence. I'd say it's going to be a long journey, but ultimately the economy will prevail and the carrier will complete the turn.
    Actually, it kind of depends on the situation. If you use a presidential litmus test insofar as his policies, a proponent of deregulation and contractionary monetary policy is more like an aircraft carrier, but an incredibly "hands-on" president who likes to tighten screws and throw money at the problem is closer to a submarine. My argument is that, from what I've seen, the aircraft carrier will turn the right way, whereas the submarine will turn the wrong one.

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    Re: Will the Economy Recover Under 4 More Years of Obama?

    I think 4 years is not long enough for the economy too make a full recovery and the more i learn about politics the more i learn that Obama is not that great of an economic president, but hes better then Romney imo

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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by digsbe View Post
    Obama has had 4 years to fix the economy and so far it seems no better than when he came into office.
    What do you mean "fix the economy?" We've had 20 years of roller coaster economics because of the stock and housing bubbles. What would really demonstrate that the economy is "fixed?" We haven't started cannibalizing one another. There aren't bands of marauders roaming the countryside. We have stability, at least compared to that scenario. Is the stabilization a "fix?" What WOULD be a fix? Finding another bubble to inflate?

    I chose "Other" because I don't see the POTUS' role as "fixing the economy."

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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by MaggieD View Post
    The economy is like an aircraft carrier. It takes a while to turn around. Business is its engine. As long as business has confidence in leadership, tax and other regulations, it will power the ship. Right now, there's no such confidence. I'd say it's going to be a long journey, but ultimately the economy will prevail and the carrier will complete the turn.
    i hope not, otherwise the chinese will tag it with their new magical-harry-potter invislble ballistic missile with super stealth generation 8 epicness antimatter warhead.

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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by MaggieD View Post
    The economy is like an aircraft carrier. It takes a while to turn around. Business is its engine. As long as business has confidence in leadership, tax and other regulations, it will power the ship. Right now, there's no such confidence. I'd say it's going to be a long journey, but ultimately the economy will prevail and the carrier will complete the turn.
    Business does power it to a certain degree, but it does not add capacity, or more jobs unless they believe consumer demand exists to require the added capacity and new jobs. Given the still high debt loads of much of the US middle class and the number of people un/under employed, the consumer demand does not exist to justify business invesment in added capacity or create jobs.

    This has very little to do with the government, the only thing Obama could do to change this situation is to force the banks to write off or down significant amounts of consumer debt. Which means the US economy will remain sluggish untill the consumer returns to a level in which consumption requires added capacity. This will take years, unless the wealthy decide to ramp up personal consumption levels. Then they will become true job creators
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