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Originally Posted by aceventura3
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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I agree with this to a point. I think people put too much stock in the impact they have, but I do think governments play an important role in the economy.
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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.
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Um, wait. What has hurt more, Obama's "rhetoric and attack" or the financial sector's history of ludicrous credit practices coming to term? The reason why banks aren't lending and credit is frozen has a hell of a lot more to do with the breakneck speed and heavy-handedness at which banks threw around their own money and the money of others. What is your opinion of Obama's recent move regarding how banks may or may not do business in the future?
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Originally Posted by roachboy
because the fact is that obama is not a leftist except in the bizarre-o frames that conservatives and folk to the right of them want to lay over him.
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Well, it's fairly clear that to a lot of conservatives, even centre politics is "left wing." It's interesting to hear that view from where I'm sitting.