Immanuel
Gold Member
- May 15, 2007
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Yes, things are getting better
I wish!
They are not getting better... they will eventually, but they are not getting better despite what the Obama Administration has been saying since February. Things are not getting better. They will and most likely it will happen before the President leaves office even if he decides to only serve one term, but things are not yet getting better... at least not for those of us who are still worried about our jobs.
Immie
What can he do about jobs? He can't force businesses to hire. This is a vicious cycle, almost a Catch-22. Businesses are still afraid they won't have access to long-term credit they need to keep going successfully and therefore won't hire. So until credit starts flowing again, we're at a standstill. The big Wall Street financial institutions had a more profitable year than last year. So where are they investing those profits? That's the $64,000 question, not what Obama will "do" about jobs. He wouldn't have to do ANYTHING if the very institutions we boosted up from bankruptcy would start doing business as intended.
I'm not blaming him. I'm saying that this is a cycle. We have to wait it out. It will get better, with or without his help.
What I was saying is that we will most likely see a turn around before he leaves office, but we are not yet there. What can he do? Promote job increasing economic policies... unfortunately, not everyone agrees what those policies are. I don't believe flooding the basement economics does the trick, but he, and others, seem to.
I do believe that politics played a part in bringing about the downturn when it happened. The democrats talked down the economy before the election in order to sway public opinion against the Republicans. A move, by the way, that I do not believe was necessary. However, regardless of whether they talked down the economy or not, we were due for a hit.
Immie