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Originally Posted by Jim in CT
True. But not everyone is incompetent enough to add $5 trillion to the debt in 4 years, and all we have to show for it is a net gain of zero jobs and lower wages.
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It has nothing to do with incompetence and everything to do with larger trends.
Obama inherited a trillion + defecit and given the reduced tax revenues, war expenditures and pre-planned spending there's little a McCain president could have done to avoid adding similar debt. Sure, there's the gamble that stimulus spending was unecessary but I'm willing to wager it helped keep us slipping into a worse situation.
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Zero job growth, lower wages, higher health costs, higher gas prices, anemic GDP growth...and $5 trillion deeper in the hole.
If that's 'working' to you, you are entitled to that opinion. But we can do better.
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So you agree that nobody could turn things around overnight but the fact that things are getting better still isn't good enough, it's not fast enough for you. We could always sprinkle some magic dust on the US economy...that would fix the EU and China as well...right?
The problem right now isn't Obama, it's a political system that can't agree on even the most basic steps forward. Sure, there is plenty of blame to go around but either party would be well served to compramise with whomever is elected.
We know how the GOP responded to Obama's win.
-spence