Obama Presidency, may Bankrupt America for many years into the Future.

Discussion in 'Politics' started by 52ndStreet, Nov 12, 2008.

  1. 52ndStreet
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    52ndStreet VIP Member

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    If we enact many of President elect Barack Obama's programs, the American
    economy may infact become bankrupt for many years to come.

    The fact that we will have two major Wars ongoing, and major fedral expeditures,may cause major damage to the overall economy.This damage may take many years to repair, and it may also trigger a global
    cascade effect to other nations around the world.

    What we may have will be a total global, financial upheaval, the likes of which
    the world has never seen.
     
  2. random3434
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    random3434 Senior Member

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    Yes, because it's doing so well right now.


    I thought the anti-Christ/alien could fix all of this 52nd Street. I mean, if you're the anit-Christ/ET, shouldn't you have special powers and such?
     
  3. Toro
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    Toro Diamond Member

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    Er, perhaps you weren't paying attention the past eight years but George W Bush tacked on more debt than most non-war time Presidents in the history of the United States, and its going to get worse with the bailout.
     
  4. xsited1
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    xsited1 Agent P

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    Bush and Congress crippled the economy by starting a war in Iraq. Then the Democrats took over Congress in 2007 and things really started going South. Expect more of the same. Why do most Americans vote for these idiots in the first place? I guess that's one reason why so many refer to us as dumb Americans.
     
  5. Toro
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    Toro Diamond Member

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    I don't think the war in Iraq has much to do with our troubles. It may exacerbate it a bit but it is not the source.
     
  6. Caligirl
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    Caligirl Oh yes it is too!

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    Ya I'd have to vote for stupid spending practices, I don't get economics but it doesn't take a rocket scientist to know that you shouldn't buy more than you can afford and it isn't just the consumer doing it its the banks too with leveraging loans by 30 fold, christ. No wonder we're in the shitter.
     
  7. dilloduck
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    dilloduck Diamond Member

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    Agreed----screw the ratios and formulae. People blow money on shit they don't need and so does our government. Ain't no free lunch folks.
     
  8. Orange_Juice
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    Orange_Juice Senior Member

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    There is tons of wasted revenue in our over funded military. Hell, how much do the the Marines alone just spend on propaganda? Lots to cut there and transfer that savings into saving children and the elderly in medical programs
     
  9. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    But he's black so you're a racist! Can't you put your racism away just for one minute and reflect on his historic Presidency?

    Total global financial upheaval aside, he's doing a great job! His approval numbers so far are around 64%!
     
  10. tigerbob
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    tigerbob Increasingly jaded.

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    If Einstein, Adam Smith and Jesus formed a triumvirate to run the US, it would still be bankrupt for many years to come. Obama is being handed one hell of a mess, some of it Bush's fault, some not.
     
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