Topic: Obama has fulfilled his promises to fix the economy (Read 2365 times)

How can something decentralized be "managed"?

This is true. Economists have shown that the deeper the recession/depression, the stronger the recover will be. Very shallow recessions usually have weak recoveries, while deep recessions have tend to have very strong recoveries.

Deep recessions tend to have the strongest rebounds in terms of economic growth once the economy starts growing again. The post recession economic rebound that we are in is the weakest since World War 2.

If the economy is fixed then I have not seen one bit of this fix and neither has my wallet. My health insurance went from $7800 a year in premiums with $15 copay and 100% coverage for everything to $10450 the insurance pays not 1 cent out until I pay an additional $3000 per family or $1000 per person deductible at which point they will then pay 80%. The will not pay 100% until I pay out of pocket $10k ontop of my premiums.

How exactly am I better off today financially then before Obama?  For those of you that have benefited from this dictators policies...
Your welcome!!

It's not possible for any leader to fulfill his every promises but to a certain extend as he is not only alone to make and pass the bills and takeover everything around.

A president can't fix an economy, all he can do is stop strangling it.  Obama isn't the economy wizard, he doesn't have those kinds of powers, no single entity does (but if there is, check to ensure you're not living in a communist dictatorship.)  There's nothing more absurd than the belief that a man who is completely removed from the market, can somehow fix said market.  It's like studying quantum physics in preparation of running a marathon, there's no correlation.

You wanna know how to fix the economy?  Stop trying to fix it with politics.  Go start a company.  If you don't see what obstacles the state has set for you now, you'll see then.  Once again, as you'll find if you study any of these topics to any formal extent, the state is "solving" a problem it created.  Just like the state "solved" slavery, when slavery only existed because the state caught the slaves at public expense.  Just like the state "solves" our money problem, after creating a problem with the money.  The state "solves" the problem of a crumbling economy after waterboarding the economy with subsidies, regulations, patents, corporate shields, monopolies, on and on and on, not even including the direct wealth transfers via welfare, warfare and inflation.  The worst part is, nothing is any better, people just keep repeating "the economy is fixed now" until they believe it, head in the sand.  The truth is not democratic, however, and the woes of a dying economy are on a long-term course for annihilation of the state continues to interfere at the rate it does now.

I'm no Obama supporter but this was no normal recession.  Were talking Great Depression magnitude here

No economy is gonna recover that easily from a market crash like that

What he thinks is best, and what is best for the economy are not the same thing. Obama has implemented liberal policy after liberal policy which has caused the economic recovery to be much weaker then most economic recoveries, and much weaker then it should be based on how bad the recession was.

As a president, Obama has done what he thinks is best, he has made economic recovery, so the value of the American dollar is not less than the euro currency, but on the other hand, Obama's foreign policy, made ​​other countries, especially developing countries increasingly depressed, especially with the issue of terrorism in all parts of the world. Hopefully Obama made ​​a policy that will improve the welfare of the people, and still maintain a good relationship between the state 

nope, if BTC can be managed by the government then it will be accepted

Only BTC can save the US and EUR incoming crisis.

The economies problems are very much well known to economists. It is just that the problems are much too complicated for most people (voters) to understand so they will likely vote as if the economy is roaring ahead, while we are really just robbing future economic growth from tomorrow to have a little bit greater growth today via ultralow interest rates.

Eh?
Reagan tripled the federal debt during his eight years in office, mainly caused by loss of revenue from tax cuts.
All this to finance enormous tax cuts to the top income bracket, as well as record breaking military spending.
By the time Reagan left, the United States could no longer realistically manage it's debt; the United States could no longer realistically pay back its debt.

Believe it or not, Reaganomics' trickle down theory is based on the Laffer Curve, a theory conceived in 1974 by Arthur Laffer during dinner with Dick Cheney and Donald Rumsfeld.
It was meant to be a campaign platform, since the theory is not supported by any empirical data. But it somehow became the basis of Reagan's economic policy!

By the time Bush Sr. came, the full weight of the situation hit home. The debts were unmanageable, and the projected economic growth from the tax cuts never materialized.
Bush Sr. had no choice but to raise taxes, despite his famous "Read my lips, no new taxes" pledge.

Economically, Clinton is probably the best American president in the 20th century.
The United States experienced the longest period of economic growth in American history during his watch and a record 24 million jobs were created.
More importantly, Clinton presided over three surplus budgets - the only time it has happened since 1969!

He handed Bush Jr. a healthy economy and a vibrant job market.
One of the first economic decisions by Bush Jr. after coming into office was to enact a new round of tax cuts, which ultimately cost the federal government at least $1.8 trillion.
Once again, the projected benefits from the cuts never materialized. The federal debts got larger though, along with annual interest payments.
Bush Jr. also launched two credit card wars, the costs which are still being paid to this day.

I thought this was a parody thread with a punchline but when I clicked it I see there are actually idiots who think this is true.

Unbelievable.

The correct answer is the ignore button. Come on people.

lol nice troll thread first off i guess... i dunno.


but anyways, nope. we are more in debt and yes clinton + bush put in this position. clinton inherited a surplus and after his 8 years in office bush inherited debt then bush added to it.

Cmon Obama, replace USD with BTC, then maybe, maybe you'll do something useful 

that is about as applicable as saying the full moon is a factor in employment.


How do you explain increases in employment in states that did not raise the minimum wage- which happened a lot more.

This is only the experience of yourself in one city in the entire country. People that work outside of your field and outside of your "group" of people that you know/interact with would not necessarily be in the same "boat" as you. The fact that the labor force participation rate has dropped so much is more then evidence that would show the economy is doing very poorly.

When will Obama accept BTC?