Economy
By mommaj
@mommaj (23112)
United States
February 15, 2009 6:02pm CST
I would really like to see something done about the economy. Obama's plan is a good one but it is a short term fix. If you think the economy is going to improve in the next year it's not. It's going to be a long road and temporary fixes may hurt the economy worse than helping. It was just like the bailout money for the banks. The banks are sitting on the money and not giving out loans. Why would they give loans in this economy? No one's job is stable and chances are really good people will be defaulting.
If they wanted to stimulate the economy with out spending as many billions of dollars as they have they should have given the citizens the money. Sure some of the American citizens would have sat on the money but they would have invested it. Others would have spent the money guaranteeing jobs. When will the government learn to not give to the big businesses? They need to give to the citizens.
I laugh at the thought of bailing out the car companies. Why? Sure the company may stay in business for a couple of months but without us, the citizens, buying cars no one is going to keep their job and the government just threw that money out the window for a big business exec. to pocket.
1 person likes this
2 responses
@inertia4 (27961)
• United States
5 Jan 16
Well, if you remember, Bush was the first one to bail out the banks and the car companies. Obama inherited this disaster. I agree we should have let the banks fold and the car companies that did take the bailout. Like GM and Chrysler. Ford never took the bailout and held their own. I applaud them for that one. The war Bush started was the wrong move and cost america billions of dollars. That is a shame. Why does america keep worrying about other countries and giving away the money? They need to take care of us here at home.
1 person likes this