Quote:
Originally Posted by spence
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.
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
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"It has nothing to do with incompetence "
That's your opinion. In my opinion, 4 years is a lot of time, and $5 trillion is a lot to flush down the toilet, if all you have to show is zero jobs created and lower wages. A huge majority of business owners said the passage of Obamacare would hurt them, but Obama did it anyway. That's a big part of the 'larger trend' yuo describe, and that effect lies right at his feet.
Spence, there are states that are growing and adding jobs. They are overwhelmingly red states. Pure coincidence, I supose.
"Obama inherited a trillion + defecit "
(1) Inherited from whom? Obama and Biden were members of the US Senate, and they were in the party that controlled Congress from 2006-2010. In our country, the legislature controls the legislative agenda and the purse strings. So I'm not sure I give Obama a complete 'pass' on the mess he claims to have 'inherited'. He didn't walk in off the street. He was there. I'm not saying it's all his fault. But I'm saying he bears some responsibility for what happened.
(2) He promised to cut that deficit in half.
"there's little a McCain president could have done to avoid adding similar debt"
Wrong. McCain would not have passed Obamacare, and he wouldn't have implemented a stimulus that did nothing except delay public sector layoffs for one year.
"you agree that nobody could turn things around overnight "
Agree 100%. But I think you'd be hard-pressed to find anyone who could have mis-managed the crisis worse than Obama has.
"the fact that things are getting better "
It's not a fact that things are better. $5 trillion added to our debt. That means that every living American is now $16,667 deeper in debt than when he took office. That works out to $67,000 for a family of 4, and the interest is now accumulating. What does that family of 4 have to show for that $67,000 IOU Obama gave to the Chinese on their behalf? Zero jobs created, and wages that are $4300 lower than they were 4 years ago. Higher healthcare costs. Astronomically higher fuel prices. How you can claim that it's a 'fact' that things are better, I simply cannot fathom.
We're not bleeding jobs like we were, that is a fact.
But at what cost? And what kinds of jobs are being created - part time jobs with no healthcare. Whoop-dee-doo.
"We could always sprinkle some magic dust on the US economy"
You think that's a fair assessment of what McCain would have done, or what Romney is proposing/
That's you in a nutshell, right there, that post. You bend over backwards to heap praise on Obama, and yuo dismiss those who disagree with him as proposing to 'sprinkle magic dust'. That's very dishinest, and it's what we have all come to expect from you. I;m happy to honestly debate the merits of what Obama has actually said and done. You cannot bring yourself to do that with my side, because you know you can't reject these ideas on their merits, so all you can do is dishonestly dismiss them.
I cannot fathom that you work in finance, I can only pray that your DNA isn't on anything that will ever impact my family.