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Originally Posted by Baraka_Guru
Well, that would be the populist response. But when everyone is judging him based mostly on unemployment numbers, what do you expect?
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I don't judge him based on unemployment.
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Are you suggesting that a president has little or no effect on economies such as the U.S., or just Obama?
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I have consistently held the position that Presidents get too much cred and too much blame for economic conditions. I am a free market capitalist, I do not believe government or centralized control is effective in managing an economy. Government can maintain an environment that promote healthy economic growth or Government can do the opposite, so in that regard government can have an impact on economic conditions. Government is not the root cause of normal business cycles nor is government the answer to them.
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Are you suggesting his decisions will have little or no effect on unemployment? How much intervention do you expect from him?
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At this point in time I think his rhetoric and attack against the financial sector, the "rich", etc. has hurt. I also believe the uncertainty of tax increases, increases in cost for health care, cap and trade, etc., has hurt. Banks are not lending, credit is frozen, he has not helped in this regard either. He said his stimulus would limit unemployment to 8%, we are well above that.
I want him to listen to the sectors of the economy that actually create jobs. His plans for targeted tax credits, ain't going to help. I don't need a child care tax credit, I need access to lines of credit at reasonable costs. I don't need a retirement savings, I need to be able to sell my home to a guy who can get a mortgage.
I am just letting off some steam. This is very frustrating and I am oh, so, tired of the meaningless jibber jabber coming from Washington. Doing nothing is o.k., saying no is o.k., gee.