Thread: Obama Appeals to Congress for $50 Billion in Emergency Aid

I hope not, that would be a deal breaker...I'd probably vote for Obama over palin

Counter cyclical spending can help stabilize an economy. It can be effective and stimulative efforts from Obama's administration has done some good, the question is at what future cost? The problem with the US is we are always in perpetual deficit, we should be running counter cyclical spending deficits during recessions and surplus during economic expansion. The problem right now is the prior and current debt coupled with massive counter cyclical spending is crowding out some private sector investment. Additionally, it appears that this crowding out will likely become more prevalent as interest rates rise beyond 2012. This will have a significant affect on GDP growth. Most economist estimate that the debt/deficit by 2015 will have a .7 to 1.0% drag on GDP as we move into the latter half of the decade.


Mitt Romney actually has a very firm grasp on monetary and economic policy, you may not like him, but when it comes to economics/monetary and fiscal policy he would likely push the country in the right direction for sustained long term growth.

the main thing was that it didn't include a public option, at least i don't think it did

Yea, Goldman needed that bailout to make a profit.

Fucking guy trying to help the country

who's pretending? he is president of the united states, not a manager at a CVS. i guess he missed the part of the job description that said "THIS JOB IS REALLY HARD AND STRESSFUL"

i don't want to hear it. sorry rookie from chicago didn't get handed the 1990's US with a booming economy with tons of growth

but yet despite his shitty canvas, he continues to make it shittier.

sure


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that's generally how it works in communist countries. so much for the "safety net"

but shit how can a president be wrong that takes the time to have beer with his black friend and a cop to try and settle "racial differences" over a matter where his buddy was an uppity faggot? or how can anyone say he's a shitty president when he takes time to fly overseas and lobby for chicago to get the olympics

Yeah just throw more money at the problem and hope it goes away. Good job failbama.