What, specifically, do you think Obama has done wrong in terms of the economy?

Discussion in 'Politics' started by Billy000, Dec 19, 2011.

  1. Billy000
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    Billy000 Democratic Socialist

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    Why do YOU blame (or don't blame) Obama for the high unemployment rate? What policies of his (or lack thereof) have been detrimental in your opinion?

    Support your answer with outside sources. Otherwise, don't waste your time answering. The same ole Republican/Democratic rhetoric isn't going to fly this time. I want hard data and analysis.
     
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    Last edited: Dec 19, 2011
  2. Two Thumbs
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    Two Thumbs Platinum Member

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    he turned down the Canadian oil pipeline.
    Thousands of jobs, here, and a reduced need for oil from the ME.

    Shovel ready jobs were not as shovel ready as we thought, hahaha....Pres obama

    The money wasted on cash for clunkers.

    Passed over 112,000 pages of new regs that will have to be followed.

    Ask your buddy rdean to verify this; obamacare cost his company 250k this year. There well over 65k companies. if just 10 percent have the same cost....
     
  3. editec
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    editec Mr. Forgot-it-All

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    I wouldn't count on in depth analysis from this crowd, Billy.

    But I'll chime in.

    I believe of the things that this admin failed to do was make the stimulus large enough to have the impact it might have had.

    $780 billion minus about 40% of it which came in form of tax breaks, just wasn't enough money to have a signficcant impact a fibrilating 14 trillion dollar GDP.
     
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  4. Billy000
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    Billy000 Democratic Socialist

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    I do not think those examples good enough. Obama's policies have created about 3 million jobs. There is also no evidence that government regulations have significantly slowed down economic growth during his presidency.
     
  5. Billy000
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    Billy000 Democratic Socialist

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    I agree with all that you said here.
     
  6. Two Thumbs
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    Two Thumbs Platinum Member

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    3 million jobs created and yet UE still went up.

    just more left wing blather

    U.S. National Debt Clock : Real Time

    official UE; 13.2 million
    actual UE; 23.9 million
     
  7. Billy000
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    Billy000 Democratic Socialist

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    Yes, but why is it Obama's fault that the UE is up? That is the basic point of my OP.
     
  8. Two Thumbs
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    He's been in charge for three years, for two years he had a majority in both houses

    He did nothing for the economy and nothing for UE.

    Why? I could conjecture to amuse myself, but I'd like to hear your reasons for his failures.

    And please none of this party of no bs, that's been debunked by obama on 60 minutes.
     
  9. Billy000
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    Billy000 Democratic Socialist

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    Obama's hyper-diplomatic approach with Republicans has been costly. I also blame the inaction on the democrat controlled congress in the first two years. That being said, I think Obama has made a genuine effort to improve the economy. He was just a little misguided. How this has affected the UE is unclear, but there is no denying that there has been steady (although slight) economic growth in the past 9 months.
     
    Last edited: Dec 19, 2011
  10. Two Thumbs
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    Yes, there's no denying that even after multiple failures, the system is still able to self correct with no help form obama at all.
     
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