Political Perspectives; President Barack Obama's Economic Policies

[Tkdkid9]

....a socialist nation coined under the term Liberalism. There is no such thing as a free lunch. Someone always has to pay for it. The reason why the Reagan tax cuts stimulated the econmy, was because it left more money in people's pockets and paychecks, which gave them the comfort of being able to spend more money. However, the contrary has shown to do just the opposite. It neither stimulates the economy, creates growth, or jobs...

[Tkdkid9]

....not be able to sustain, and the economy, and country as a whole will collapse on itself, just like what happened to Germany after the war. It printed so much money to pay for the war that it became worthless, and inflation ended up destroying everything. You cannot just pump money into the economy, it doesn't do anything. Obama is just destroying our great country piece by piece. He is a radical extremest, and his idea of reform is indeed to turn us into a socialist nation...cont.

[Tkdkid9]

....has show that if you lower taxes, it will generate more revenue for the federal government. The Obama plan does nothing of the sort! Just because a major company fails, it doesn't mean that the government has to run and bail them out. It doesn't do any good, as we are currently seeing right now. All of this money that Obama is having pumped into the economy to save the banks, aviation industry, auto industry just to name a few has done nothing but cause more debt, which we will eventually...

[Tkdkid9]

They are radical changes, and are by no means a return to any prior policy. If you look back in history, every time these same ideas have been used, they've all failed! The economy goes through natural up and down cycles, if the economy stayed in one position for an abnormal length of time, no new ideas or innovations would be formed to push up society as a whole. Now, I'm not saying that not being in a recession is a bad thing, just that it is natural. History...cont.

[OrderoftheWhiteHand]

Thanks for the lesson.

[litus2005]

That was a great explanation. Thank You for this information.

[raider49xr]

What is the plan to help small businesses, many banks continue to raise existing rates and even eliminate commercial loans all together to small business.

[DSHess1]

You put your finger on what I regard as the hole in the plan. The Fed and President assumed that if credit were available to banks, then banks would make credit available. Hasn't happened! How to solve this? Further carrots for the banks are not politically feasible. In some areas, such as student loans, we've shifted to government acting as lender. Student loans & also thru SBA. But we really need some more entrepreneurial lenders to help turn this economy around!