Obama/Economy ?

Discussion in 'Economy' started by cindylee, Oct 11, 2008.

  1. cindylee
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    cindylee Rookie

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    During the last Presidential debate Barack Obama said that he will fix the economy from the bottom up. Does anyone know how he plans to do this? Just doesn't make any sense to me.
     
  2. mike45acp
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    mike45acp Rookie

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    That guy has not said how he is going to do anything he's great at avoiding the answers to any question.
     
  3. Annie
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    Annie Diamond Member

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    It's a 'secret' plan, it will be revealed after he's in office. I remember some other president with a 'secret' plan, for ending a war. Whoops, a nexis in time. William Ayers had problems with that president too.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    The great power of the internet is being able to actually VISIT the candidate's website!

    http://www.barackobama.com/issues/economy/
     
  5. Isolde
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    Isolde Knucklehead

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    Most simply stated by redistribution of wealth. Anybody care to disagree with that statement?

    Communism and Socialism rarely makes sense and as most in the world are finding, abject failures.
     
  6. xsited1
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    xsited1 Agent P

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    It's scary to read what he has in mind to fix the economy. Check this one out:

    "Create a National Infrastructure Reinvestment Bank: Barack Obama and Joe Biden will address the infrastructure challenge by creating a National Infrastructure Reinvestment Bank to expand and enhance, not supplant, existing federal transportation investments. This independent entity will be directed to invest in our nation’s most challenging transportation infrastructure needs. The Bank will receive an infusion of federal money, $60 billion over 10 years, to provide financing to transportation infrastructure projects across the nation. These projects will create up to two million new direct and indirect jobs and stimulate approximately $35 billion per year in new economic activity." :cuckoo:

    Obama obviously has not clue. Here's where we need to go:

    H.R. 2755: Federal Reserve Board Abolition Act (GovTrack.us)
     
  7. Sunni Man
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    Sunni Man Diamond Member

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    The way Bush and the Republicans have messed the American economy up.

    There is nothing Obama could do that could make it worse.

    In fact, what ever President Obama does could only make things better!!
     
  8. cindylee
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    cindylee Rookie

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    So Obama's plan is to give us $1,000 check for energy and a job to jump start the economy?
     
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  9. editec
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    editec Mr. Forgot-it-All

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    I've outlined what I think a trickle-up fix of the current crises might look like. It starts by not bailing out banks by buying their bad paper, but by buying those banks outright based on the market value of their stocks.

    Given that NOW McCain is echoing something somewhat similar to the FIX I have been suggesting (and that we actually did in the 1930s, it wasn't like I came up with this idea from a blank slate) you really ought to consider that both Obama and McCain are calling for essantially the same bottom up solutions.
     
    Last edited: Oct 11, 2008
  10. Truthmatters
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    Truthmatters BANNED

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    You guys do realize that the Stock Market does better under democratic presidents dont you?
     

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