When does this economy become Obama's in your world.
How long does it take to recover from a huge housing bubble that the repubs allowed to build up? You tell me.
How long does it take to recover from the destruction of our banking system, which required a $700 billion TARP that was passed only by Dems in congress then signed by Bush while congressional repubs just played politics? You tell me.
This is NOT a normal recession.
Heck Bush took over a shallow and short recession in 2001 and he got his tax cuts in 2001, and got more tax cuts in 2003, and he still had a "jobless recovery" going in 2004, and that was a small one. The tax cuts never worked, which is why repub Greenspan still had rates at 1% fully 3 years after the shallow short recession of 01 ended. That was an enabler of the housing bubble which would not have blown up so big if Greenspan had pursued responsible monetary policy, instead of playing politics and trying to get Bush re-elected.
Why do I consider the past? The repubs have a track record of huge failure in managing the US economy and they show me no additional knowledge gained from the experience.
Obama has not done anything near as stupid as the repubs did last time at bat. I'll vote Obama again, probably. I heard Huntsman this morning, and he may have a light on. We'll see. The rest of the announced repub field does not have a clue. Bachmann and $2 gasoline, GIVE ME A BREAK! Rick Perry, yea, run the fool and see how bad he loses.
Conservative said:
Please explain to me why their are fewer people employed today than when Obama took office, more people unemployed today than when Obama took office. Why the GDP growth in 2011 is lower than it was in 2010 and why the cost of 4 trillion added to the debt created those numbers? Businesses aren't hiring and that is because Busineses cannot print money, there has to be demand for products and Obama scares the hell out of businesses and the consumer. The results are there for all to see, when you will look at the results and stop buying the rhetoric?
The nature of the economy has changed over the last 30 years. Robots and computers have reduced the need for much manual labor and some skilled jobs, due to productivity improvements. China and India entered the world economy 30 years ago (it was Reagan who opened trade relations with China), and they have 1/3 of the worlds population. We have an excess of labor in the world, and business is exploiting it and shipping jobs to India (call centers and IT, reading XRAYs, stock analysis, etc.), and manufacturing to China. That's not Bush nor Obama's fault, and it is infinitely harder to deal with than a normal 4 year business cycle recession we encountered in the decades following WWII. The solutions that worked in the past are not working, because the problem is different. Until we correctly diagnose the problem, solving it will not happen.
For anyone to earn my wholehearted support, that is what has to happen. Short of that, we are just voting for the guy who will screw up the least, and in recent history, that's the Dems. Not great, but not as bad as the repubs.