Convince me....

United States
July 5, 2009 7:29pm CST
How is Obama's policies gonna get us outta this recession, with the spending, printing money, relying on china to buy our debt, paving roads and building bridges, trying to get our youth to do volunteer government community organizing??? The left gave Bush horrible reviews for his spending and governent expansion which he did but what gives Obama the right to do this two fold??? I'll try not to reply and just listen to all who tries to convince me.
2 people like this
5 responses
@diamania (7033)
• Netherlands
6 Jul 09
If you are not going to reply then you don't use the full potential of this discussion. As for the topic at hand, I don't think USA will be able to get out of the recession. The problems are too big, perhaps people must finally admit Usa is not the best country in the world anymore and try to take measures to first stabilize the economy and then shrink the country's debt...
1 person likes this
• United States
6 Jul 09
I'll reply as time goes by, I can everyone has their limits...
1 person likes this
• United States
6 Jul 09
I have to agree with what you said about maybe the US won't be able to get out of this recession. Just want to comment that this recession did not start 6 months ago when Obama took office...It was a long time in the making. Hmm, maybe leaving Iraq and putting the money spent over there to use in OR country might not be a bad idea.
• United States
6 Jul 09
I hate to say it, but you could be right when you mention that the USA may not get out of this mess. I have never seen anything like this in my lifetime, and I am over 50 years old. This mess started way before Obama took office. It took years to get this bad, so why does everyone expect Obama to clean it up in 6 months? What I want to know is, why are we spending millions in Iraq, when that money is needed more in our own country?
@heathcliff (1415)
• United States
6 Jul 09
Economics is like populating the world with one family: it's nasty but we owe our existence to it. (In some theories anyway!) In a recession, everyone slows their spending, especially big businesses who do so by laying off or firing workers. The only way out of a recession is to get money flowing again. Government spending is the only thing we collectively control: We can't make individuals spend their savings and we can't make companies operate at a loss for a while, so we do what we can. Once the money starts flowing it increases spending among the people and businesses that get it and creates jobs (paving roads, building bridges, etc: they don't build themselves!). Spending leads to more spending whch leads to more company profit, which leads to jobs, which leads to more money in people's hands, which leads to more spending, etc. Macroeconomics 101 even teaches more government spending equals more Gross Domestic Product. As for the debt, it is a seperate issue: one created by lack of willingness by the American people to let their government operate at a profit. Continually lowering taxes and giving incentives to big business has been popular but has diminished the appropriate cash flow to pay for all the programs the public collectively wants. Like it or not, Americans as a whole want alot from their government but don't want to pay for it. Hence, we operate at a loss every year and get deeper and deeper in debt. Much of our Federal debt is held by Americans, but if anyone is really worried about China buying up our debt all they have to do is raise taxes! Everything I've said here won't convince anyone who absolutely hates government spending, but there really is no alternative. You won't find any legitimate recovery plans that do not involve government spending. Lowering taxes just encourages the hoarding of money and doesn't help job creation right now while "wait and see" creates a steeper descent toward a true depression.
1 person likes this
• United States
6 Jul 09
If hoarding money is such a big problem to economic prosperity then why are we where we are at now, I'm thinking spending has been the normal operation for quite sometime now both from consumer to the government it's been expanding in debt and size since Clinton, or even Bush Sr., and look where we are at!! All people did including government is live beyond they're means, what you say kinda contradicts itself. Reducing taxes has worked before, and if you even mention that your thinking of dropping the capital gains tax by even 5 percent you'll see the stock market explode and people's 401 K's will come back.
@meandmy3 (2228)
• United States
6 Jul 09
I hope someone can convince you because I need it as well. I am just not sure that he is going to help our economy in any way.
@faisai (1138)
• Hong Kong
6 Jul 09
I am not sure if it will finally get better or not because in the end, it is the confidence of people about the economy that matters. The economy of US is heavily dependent on retail and that alone is heavily dependent on consumers confidence. In fact there are already signs that the economy is back on track and that big job cuts are less likely than previous few months. Still, it will take some time until the companies are ready to expand again.
@clrumfelt (5437)
• United States
6 Jul 09
How are Obama's policies going to get us out of the recession? Simple. They will stop using the word recession and rename it something that seems more positive. They did the same thing with the "war on terror" by renaming it "overseas contingency operation." Nothing has really changed by renaming it.