Quote:
Originally Posted by 732002
Devils: deficit & slow economic recovery.
Anything the Gov does to fix the deficit slows the economy.
Stimulate the economy and increase the deficit. There is no win/win.
The economy has cycles and who ever happens to be president at that time takes the credit or blame. If you believe BO is to blame for the slow recovery to be consistent you would also have to blame W for the crash.
Even a slow recovery is a recovery. The Dow was below 7K now it is over 13K, with contributions my 401K has doubled since the low in 2009. New homes are being built on my street..............................
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The Dow is up because most of the key companies on the Dow are profiting from overseas business profits, mostly due to outsourcing. The Dow is NOT, repeat NOT a barometer for the health of the US economy. Try checking GDP and unemployment statistics for a much more meaningful barometer.
I agree that the President is often blamed/credited for the economy. That said, the most important issue that is weighing down our economy is MASSIVELY increased debt aggravated by undue regulations. BOTH B.O. and GW get blame for this. If B.O. gets another term, he will MOST CERTAINLY bury us MASSIVELY deeper in debt, aggravating the situation further. THAT is why he must go, although he probably won't.
08-20-2012, 11:37 AM
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