Quote:
Originally Posted by kane
I guess I am a little confused by this thread then. It seems you started it off with the point being that Obama isn't as popular or that he doesn't have as high of approval ratings as the media (or his administration) would like us to believe.
Now it seems to have morphed into "Obama is destroying the world."
In response to this post I will say this: I have always thought that most people don't vote for president based on economic reasons and once the president is in office they don't worry to much about economic policy. The reason is most people feel no matter which party it is they are going to get screwed. I think a like of people look around at their lives and if they have a decent job and a decent house and a decent car and they have a decent outlook on the future they don't give a damn what our leaders do as far as the economy is concerned. This is why things like guns and abortion are such big issues. People vote on issues they feel will directly impact them.
Most people don't understand exactly how the economy works (myself and 99% of GFY included) so they tend to not try and not worry about it as much as possible until it effects them. And now it has. A lot of regular people got their 401K statements and saw how much they lost over the last couple of years and they are pissed and they want Obama to take action. They don't know what the correct action is, they just want it.
If McCain had won and took a completely different action there is a decent chance there would be reasonable support for it. Most people have no idea exactly what is happening or how to fix it so when they see the leadership taking steps to fix it they feel better.
Maybe the steps will work. Maybe they won't. We can make all the predictions in the world and until the time passes and things play out we won't see if we were right or wrong.
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i was just watching the news and pondering the newest plan for the Fed to pump money into the system that almost completely escaped the attention of the media.
i understand that no one is going to be happy about any decision thats made and thats the nature of politics.. however, in this case.. its the financial markets that matters. its their opinion that matters. its all the foriegn holders of US debt that matter. its the price of gold rising that matters. and in spite of the obvious reactions to these "plans" it all gets worse.
...but this whole thing of borrowing money to spend our way to prosperity is bizarre beyond description.... and all begs the obvious question.. "why don't we just print money and spend it like this all the time if thats what helps the economy"... i am very much a fiscal conservative and believe strongly in the market to recover. i say that as someone who lived in russia through its transition and witnessed first hand how quickly wealth can be created against all odds.... against the absence of a functioning court system, banking system, tax system etc. there is no such thing as a company that's "too big to fail" - if you believe that.. then you've never actually seen an entire banking system and currency collapse and stood there on the street and watched how fast people pick up the pieces and grow the economy again.