That has very little to do with Obama losing millions of jobs because of his policies and mouth.
I think the Bush Economic Disaster has everything to do with what is going on today and the loss of millions of Jobs.
Are you just too dense to grasp the idea that Obama has made things worse with his actions? At some point boy wonder has to take off the training wheels and lose the excuses. We didn't elect a blamer n chief. We elected the man that said he could turn it around within three years and if he didn't we could hold him accountable.
[ame=http://www.youtube.com/watch?v=yJZl-YzYHFc&feature=youtube_gdata_player]Experience Matters (HD) - YouTube[/ame]
So let's get rid of Obama and the Dems, and give the Conservatives their wish. Then watch us go into a decade long depression. So many of you completely miss the most basic reason driving this recession. While we have cut taxes and cut taxes to a point of drastically reducing our government's ability to pay its bills, it has not spurred spending on the other side, and now there is no room left to cut taxes further. Even if we did, it still wouldn't be enough.
The economic problems we face are simply due to the fact that consumers have stopped over-spending. For decades, baby boomers purchased everything and anything their hearts desired. But something happened. They got old. And when they did, they found that they no longer needed half the crap that they had been buying for the last few decades. On top of that, they began to realize that they might need more money than they thought to make it through retirement as they are living longer and their healthcare costs are continually increasing. So they stopped buying. And here is the point; they are never again going to spend money like they once did.
Taking this a step further, because the baby boomer's kids have always been given everything and anything they wanted, they have become a lazy generation. They are not getting married until much later, and they are putting off having kids. And now that the economy has come to a standstill because their parents stopped spending so much money, they find themselves unable to find a decent job. And since they have put marriage on hold, they have also put kids on hold. And having kids forces people to buy more "stuff" like bigger houses, clothes, bigger cars, etc, etc, etc...
This is where we are. It's not regulations that are killing business, and it's not that taxes are too high. It's simply that nobody is buying for the simple reasons stated, and that is not going to change anytime soon.
'Boomer' No Longer Synonymous with 'Consumer?' | FoxBusiness.com
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