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Obama ecconomics

Discussion in 'Politics and Current Affairs' started by Crude, Feb 10, 2011.

  1. Crude

    Crude Android Expert
    Thread Starter




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  2. jamor

    jamor Android Expert

    haha Obama is a hack.
     
  3. nlsme

    nlsme Android Expert

    Meet the new guy, same as the old guy.
     
  4. Stuntman

    Stuntman Android Expert

    Everyone has been doing this thing with numbers been doing this since the beginning of media. This is certainly nothing new. Every administration in every country in every era has done these things with numbers to try to look good. What's so special about this time?
     
  5. Crude

    Crude Android Expert
    Thread Starter

    The special part isn't the president....it's the idiots that think this one is solution to all their bad decisions. The devil convinced the people he wasn't real.
     
  6. hakr100

    hakr100 Android Expert

    Imagine how bad things would be if half-dead McCain and dimwit Palin were running things.
     
    ElasticNinja, TheBrit and nlsme like this.
  7. nlsme

    nlsme Android Expert

    I'd really rather not.
     
  8. Vihzel

    Vihzel Destroying Balls Everyday

    That's something that I really wonder. What would the US be like right now if McCain/Palin were in office? What would they have accomplished with the Democrats controlling both houses before the midterm elections? I believe that if we insert McCain with Obama... we would still have the same result.
     
  9. Dark Jedi

    Dark Jedi Guest

    for all you know things could be better. Thats the thing nothing is set in stone. So why speculate on something that never came to be. Obama is president so we can only go by what he has done while in office.
     
  10. nlsme

    nlsme Android Expert

    Yeah, the nyse has doubled since he took office. We didnt go over that cliff.
     
  11. Dark Jedi

    Dark Jedi Guest

    dont you think the stock exchange is recovering more from corporations changing their practices than obama doing anything?
     
    SamuraiBigEd and ElasticNinja like this.
  12. ElasticNinja

    ElasticNinja Android Expert

    Ireland is a world leader at cutting bloated budgets
    do visit to research (please we need teh money)
     
  13. nlsme

    nlsme Android Expert

    No, id say it is from consumer confidence. The banks were taking us off a cliff. People were scared, they pulled their investments. People arent as scared, and are willing to invest again. I say this because there really hasnt been many changes to their practices.
     
  14. joe71

    joe71 Android Expert

    the economical mess we and the entire world is in right now took years to create, and was caused by many factors. You have the whole housing crissis, banks and investment firms who loaned untold billions to those with less then prefect credit, through ARM loans, you had home buyers snatching up these homes that were ran $200,000-$500,000 with payments of $700-$1,000, never once considering that the interest rate on an ARM loan could double or tripple the monthly payment.

    A previous co worker had a house through an ARM loan when he and his wife bought it the real estate comapny explained that their $800 monthly payment could double to $1,600, when and if the interest rate changed. they were fine with it. they both made enough to cover the payment, however when the interest rate chnaged for their ARM loan, their housing payment increased to over $2,000:eek:

    everyone though Obama was going to ride in on a white horse wave a magic wand and make everything all better, fixing the problems we are facing starts here in the trenchs with the little people, stop looking to obama and politicans to fix our problems;)
     
    chandler583 likes this.
  15. nlsme

    nlsme Android Expert

    As someone said in another thread, you want the government to do what only the government can do. People will always be willing to take loans they shouldnt. Banks will always be willing to loan them the money they shouldnt,, to resale it. Only the government can control it. The people in the trenches dont care about the people in the trench next to them. They only care about the trench they are in.
     
  16. dark4181

    dark4181 Well-Known Member

    lol because people don't have the mental fortitude or personal responsibility necessary to decide how to live their own lives. No, the government must intervene!

    Or we could educate people rather than coddle them. Just a thought
     
  17. ElasticNinja

    ElasticNinja Android Expert

    yeah we do that... look at the bankers
     
  18. dark4181

    dark4181 Well-Known Member

    Correction: Bankers take advantage of people's lack of education.
     
  19. nlsme

    nlsme Android Expert

    You dont coddle, you regulate. Big differance.
     
  20. Dark Jedi

    Dark Jedi Guest

    And who regulates the government?
     
  21. nlsme

    nlsme Android Expert

    Ohh, your one of those free market dreamers that thinks an absolutely free market is flawless, and the government is bad. Gotcha.
     
  22. jwp1223

    jwp1223 Android Enthusiast

    The free market isn't flawless, but it's a hell of a lot better than Socialism...and don't give this crap (well what about Social Security, what about this, what about that), those are SERVICES that are provided. It's a big difference between Socialism (Government Controlling) and social services.
     
  23. byteware

    byteware Android Expert

    That's rather interesting, since everything Obama chided McCain for during the campaign... he has since done himself.

    Since Obama thinks McCain's ideas have been so wonderful, I would guess it wouldn't be any worse... plus we'd have someone with military experience to help during the war...
     
  24. byteware

    byteware Android Expert

    Social Security and Medicare are two "Services" that are each projected to be able to bankrupt this nation, each by itself.

    Medicare, Social Security, and the Postal Service ready to default on it's financial obligations...

    The free market may not be flawless, but it seems in a heck of a lot better shape than the Government at this point.
     
  25. ElasticNinja

    ElasticNinja Android Expert

    the free market is in a good shape
    property bubbles? reckless trading?
     
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