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Will the Economy Recover Under 4 More Years of Obama?

Will the Economy Recover Under 4 More Years of Obama?

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The Giant Noodle said:
It depends what happens globally. Our economy is fully globalized. We need jobs. How can we compete globally when a million hut dwellers will do the same job for penies!??:roll:
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If we get rid of the minimum wage then American workers can take the jobs back from the hut dwellers.
 
I live in the hardest hit city in the USA. We are recovering very slowly. But we are recovering. In 4 more years, we will still be recovering.

When we had the housing bubble, everybody was a millionaire! Whoopie! But that's over now and we have to slowly rebuild our world using the harsh constriction of reality.

Me, I'm stocking up on tulips and telecom stocks:roll:
 
I think it will get better. However, how much debt we accumulate while it does is the question.
 
Obama helped his vision of an improved economy, and most of America seems to agree. Hell, a free cell phone can make almost anyone on the Left believe the future is lookin' awful bright.
 
digsbe said:
Obama has had 4 years to fix the economy and so far it seems no better than when he came into office.
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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.
 
digsbe said:
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?
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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.
 
Objective-J said:
"Do you think after his next term that we will see full economic recovery and growth?"
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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.
 
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.
 
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)
 
obvious Child said:
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.
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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.
 
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.
 
digsbe said:
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?
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I checked other, I think it will get much worse.
 
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.
 
digsbe said:
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?
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No. Just wait until the lead up to Jan. 2014 when Obamcare goes into effect and businesses both large and small, all across the country, have to fire, downsize, lay off or make currently full time employees into part-timers. And in some cases these businesses will just shut down and go out of business altogether.

The pattern is being shown already. Papa John's, Appleby's and Hostess are all like canaries in the coal mine. Just you watch, as time goes by the full effects of just Obamacare will be clear to all. It will serve to put a hit on the economy well before the second term is over.
 
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Zyphlin said:
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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Our pre-2007 growth was artificially pumped by overleveraging. We are paying for our excessive years of boosted growth now. It is not reasonable to compare growth coming out of a debt fueled era to a period of far less leverage. Pre-2007 should be treated as abnormal, not a benchmark.
 
I wanted Romney to win because I thought that Obama getting out would be like a levee breaking on corporate-held liquidity, flooding the market with all the money and jobs they've held back due to Obama's unreasonable anti-corporate sentiment. I think it will stay pretty bad because Obama will continue to have a "me vs. them" mentality, a fight he cannot win.

I'm starting to long for the unemployment rates under Bush now.
 
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