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

  1. #41
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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by Neomalthusian View Post
    You're attributing an argument to me that I did not make. I am not attributing the housing bust to Bush.
    Well, my mistake then. But it certainly looked like that's exactly what were arguing - by challenging my statement that it didn't have much to do with Bush and then posting a speech by Bush promoting and speaking of measures that would promote home ownership. It seemed like you were taking one of the two most common narratives - that government intervention falsely inflated the market and caused the bubble. But I'm glad to see you are not in fact taking that stance, and you acknowledge that it was only but one of many factors, and that Bush himself actually played little role in the legislation that promoted such home ownership.

    Quote Originally Posted by Neomalthusian View Post
    I acknowledge the myriad contributors to it. I was only asking you to support your statement that it had so little to do with Bush.
    I'm not sure I follow you. You acknowledge there were a myriad of factors. You want me to show you how they are not all traceable to Bush? That's very easy.

    Take for example, the derivatives market. Many private financial institutions did a woeful job of adequately controlling their credit risk (even from a purely selfish, self-preservation standpoint), to the extent that Greenspan was famously quoted as being "shocked" to discover.

    Quote Originally Posted by Neomalthusian View Post
    At the very least, he was a cheerleading on the sidelines, obviously publicly advocating for trading in the stock bust for the housing bubble. Whether his role went beyond cheerleading is something I leave open for further discussion.
    Yeah, the "cheerleading" analogy is probably the best descriptor of the kind of influence the President has. In other words - not very much.

    But nobody wants to hear that and no candidate is stupid enough to run on a campaign of "I can't do anything about the economy - vote for me!"

  2. #42
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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Quote Originally Posted by Gipper View Post
    I will. However, I will say that the economic boom of the 90s didn't happen because of Clinton, but in spite of him. I think the record levels of prosperity could've actually been higher.

    I also will say that Obama didn't have direct impact on the fumbling economy, but his standoff with corporate America forced them to hold on to liquidity, jobs, and their treasury positions. That most certainly had a direct impact on America's economy.
    No offense intended, Gip, but I gotta say I would've pegged you as a Clinton fan - what with him being a shmoozy womanizer and all.

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

    I personally don't think Obama and his staff are smart enough to recognize the intelligent plans intelligent people make to fix the economy. They will continue party doctrine despite the warnings saying: This is just a rough patch. we'll get there. And no, intelligent people aren't the libertarians or the republicans. I am talking about non-partisan people who actually studies economics, have the skills and the knowledge to make good calls on things regardless without regard of political affiliation. They just don't get any time of day on the news because who cares about that.

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

    The economy is growing slowly. However, this global economic meltdown is certainly out of Obama's control, and since the USA does not live in an economic vacuum, the economic crisis in Europe would continue to affect the US no matter who is president.

    And yes, I'm going to say it. Obama is playing the hand he was dealt, one which included record deficits and two decades-long wars that were not of his making, and taking office at a time that the entire world was teetering on the edge of a global recession. So let's all look at the big picture here, okay?

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

    The economy will make no real recovery as long as obama keeps doing what he has been doing.

  6. #46
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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 Great Depression lasted over a decade and took a World War to pull us out of it.

    I think the economy was broken before Obama got elected and will take longer to actually hit bottom before it can rebound. All of those bailouts and TARP funds were temporary fixes of a much bigger problem. We fueled that last 2 decades of growth with credit that has finally run out. The gov debt is even a result of the flawed premise that credit can continue endlessly without repayment. It don't work that way and never will. Once the dust settles in another 5-8 years we'll see how far we've progressed and what kind of global transformation and evolution we're going through.
    Einstein, "science without religion is lame, religion without science is blind."

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

    Quote Originally Posted by the_recruit
    No offense intended, Gip, but I gotta say I would've pegged you as a Clinton fan - what with him being a shmoozy womanizer and all.
    I am a Clinton fan. I thought he was a great president. He didn't walk on water, though.

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

    Quote Originally Posted by DiAnna
    The economy is growing slowly. However, this global economic meltdown is certainly out of Obama's control, and since the USA does not live in an economic vacuum, the economic crisis in Europe would continue to affect the US no matter who is president.
    Bush dealt with 9/11, a collapse of the stock market, subprime/real estate bubbles bursting, and widespread bailouts. His 8 year debt makes Obama's 4 year debt look like lunch money.

    And yes, I'm going to say it. Obama is playing the hand he was dealt, one which included record deficits and two decades-long wars that were not of his making, and taking office at a time that the entire world was teetering on the edge of a global recession. So let's all look at the big picture here, okay?
    So his answer to "record deficits" is...breaking the record? Is this an example of "to heal you, I have to hurt you first"? The wars were costly, but Obamacare will make Iraq and Afghanistan look like a drop in the bucket.

    The changes he made from Bush's administration were the things that Bush did great...and the things Bush screwed up on were the ones he kept. Doubleplusungood.

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

    Doubt if the economy is going to recover unless a compromise is reached.

    Obama has invited congressional leaders to the White House on Friday to discuss the issue, with only 50 days left until the end of the year. Unless Congress acts first, $600 billion in tax hikes and automatic federal spending cuts would take effect at the end of December, with a potentially devastating impact on the economy.

    The Obama administration and congressional leaders are attempting to negotiate a deal to avoid the fiscal cliff, and instead work toward a deficit-reduction package in the next session of Congress that begins in January
    Republicans say deal can be done on U.S. fiscal cliff | Reuters

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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?
    I answered yes based on the poll question "Will the Economy Recover Under 4 More Years of Obama?"
    it has already recovered and is not going down overall, this recovery as been slow and in little snips. Many money/economy men say it will take 10 years.

    now on to what you asked above, "Do you think after his next term that we will see full economic recovery and growth?"

    FULL recovery? no thats doubtful. I gotta go with the money/economy guys again with their ten year mark. Not to mention since the planet is basically in rescission theres other factors but we are recovering faster than the rest.

    as for growth, we will see some more growth just like we already have.

    I think its impossible to see a full recovery or even large recovery in the next four years no matter who was in office, I think its silly for anybody to think different also. Unless theres some unforeseen global failure or unforeseen economy boom (new tech or something) will will be on a slow course with improvement happening along the way.
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