My point is that it was not solely Obama's fault. I don't give a flip if you want to believe the subprime mortgage mess was caused by government regulations. It has nothing whatsoever to do with the topic of the thread or my post to the other poster.
Obama sure didn't help the situation.
His response to a systemic financial crisis was to pass a law that guaranteed unquantifiable cost increases on consumers and businesses years before it was to be implemented.
What a way to guarantee years of economic stagnation.
Companies and Corporations just sat on their hands and waited it out.
Hell you think its bad now, wait until after the election and Obamacare goes into full effect.
That law has also led to large amounts of " new jobs " being part time.
The tax increases and cost increases meant that Corporations and Businesses would be sitting on their profits instead of pushing them back into the economy.
Hell, if you want to know how screwed up this economy is look at what Corporations are doing with their profits.
They would rather buy back over valued shares than risk a nickel of their principle in a Obama's economy.
Obama's jobs plan was a ridiculous " green jobs " initiative that was supposed to create a manufacturing base for products that no one wanted and that could OBVIOUSLY be manufactured in China cheaper.
Its like it was patterned after a 5th graders Science project.
Amd for the last 6 years he and his party have made it worse by perpetuating the Rich should pay their fair share rhetoric.
Instead of pushing economic policies that WORK, they're more concerned with pushing decisive narratives meant to rope in really stupid voters.
QE was supposed to create access to credit and get the economy moving. It did no such thing.
The actions of the Banks and the Businesses continue to expose the reality if just how weak this economy is 6 years in.
All that liquidity is sitting static on the Feds Balance sheets marked as excess reserves.
Obama's political motivations have led to him leaving the Southern border wide open. Large numbers of new jobs created haven't even gone to American citizens.
He doesn't put the American people first, he puts his ideology first. And thats had a substantial effect, a negative effect on Children in this Country.
