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. #81
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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.
    I predict that someone that is unable to discern the vast improvement of our overall economic from Jan 2009 to Nov 2012 will in 4 years time again be able to make anything resembling a sound judgement of the difference in economic affairs between Nov 2012 and December 2016.

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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?
    You're kidding right?

    Banks were in near total free fall.
    Corporate earnings were tanking.
    The stock market was dropping like a rock.
    Housing was seeing record foreclosures.
    Job losses were in the high 6 digits.

    Today many banks are stable, abet there's a bigger risk down the line, but they aren't in freefall
    Corporate earnings are phenomenal
    Stock market is booming
    Housing is starting to pick back up with new houses being built
    Job increases are hitting 6 digits.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by Objective-J View Post
    "Do you think after his next term that we will see full economic recovery and growth?"
    This is a loaded question.

    What many consider "full" was what we saw under the middle Bush years which was financed heavily by debt. In a way, our anchor of full growth is that of an artificially pumped system.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Yes, it will. In large part because I believe our economy is rather cyclical and is impacted by far more than just the Presidency. The mere fact of likely seeing a giant amount of baby boomers retiring over the next 4 years, opening up positions for upward movement in companies and in government, which leaves lower positions open for people to gain a job, should be one contributing factor here. Our economic engine is too finely tuned to not rebound. The difference is the speed in which that rebound takes place. One can look at the 1980's for an example of that. I believe what we'll see over the next 4 years is a continued, slow, recovery and one where we likely still won't be to our pre-2007 numbers again.

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

    If I believed that government is the engine that drives the economy, i would say .. no.. it will not be "fixed" in the next 4 years.

    as I do not believe government is that engine, I'll say .. yes, the economy will be much improved over the next 4 years ( not fixed, as we will still have some very serious systemic problems)

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

    Quote Originally Posted by obvious Child View Post
    This is a loaded question.

    What many consider "full" was what we saw under the middle Bush years which was financed heavily by debt. In a way, our anchor of full growth is that of an artificially pumped system.
    I agree it is a loaded questions especially when one makes the inaccurate joint statement that things are no better now than 4 years ago.
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    Re: Will the Economy Recover Under 4 More Years of Obama?

    Increased government spending and higher tax rates will not grow the economy. Printing unlimited fiat money will not grow the economy. Nothing that Obama has done or plans to do is going to grow the economy. We need to cut government spending, cut tax rates for everyone, get rid of corporate tax, phase out the failed war on drugs (saving billions), defer programs and powers to the states as much as possible, and reform both the monetary system and the tax system. We need to encourage entrepreneurship, business, and free markets, only that will create jobs and grow the economy.

    The federal government needs to stay out of the business of regulating the economy to within an inch of its life. Free people and free enterprise, in the digital age, is a sure formula for unprecedented prosperity.

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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 checked other, I think it will get much worse.
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    Re: Will the Economy Recover Under 4 More Years of Obama?

    I was powwowing with one of the VP's of a local bank today. He said they are considering stopping residential mortgage lending for awhile because it was nearly impossible to keep up with the regulator requirements of the day because the landscape is changing too fast and there is no clear picture from day to day what will or will not cause them issues.

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

    Quote Originally Posted by Objective-J View Post
    I agree it is a loaded questions especially when one makes the inaccurate joint statement that things are no better now than 4 years ago.
    Short of memory many people have become.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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