Quote:
Originally Posted by DirtyWhiteBoy
I know you're a Obama man, but unless he starts pulling magic rabbits out of his ass, and I hope he does, the black savior is not going to make it to a 2nd term. He is going to have the USA so deep into debt, the dollar at an all time low, several states bankrupt and unemployment at an all time high, that the nation will foolishly BEG for a Republican to replace him. Ohhhh, I dunno, lets say Jeb Bush, maybe, to come in and *try* fix it. Of course, the joke will be on them because it can't be fixed without a LOT of pain and suffering, which the American people are not willing to go through, because they want the latest iPhone and continue to live beyond their means.
Dark days ahead I'm afraid.  |
You wanna make a bet right now? I love your logic man!
But he doesn't have to pull "magic rabbits out of his ass." He can be beaten if things get worse or don't improve, but I believe it will improve by 2012. The democrats may take some hits in the 2010 congressional mid-terms because the recovery is a work in progress, but the presidential election is more than 3 years away. I am pretty sure the economy will be back on track by then and it won't take rabbits and asses either. Given his personal popularity (which will fluctuate), all he needs to do to be re-elected is make marked improvement and point to sound, factual gains in the economy, particular unemployment. Basically, like Reagan in 1984.
There's no magic pill, but there are a lot of very smart people who believe that the way out of a recession is to follow a spending/stimulation and accumulation debt plan, and grow your way out of it later:
This is basically what Obama is doing:
http://en.wikipedia.org/wiki/The_Gen...st_and_Mon ey