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From what has been released, his decisions will make things worse. His economic recovery plan calls for the creation of 600,000 new GOVERNMENT jobs! Who has to keep paying the tab for these positions? The American taxpayer, of course. I agree that the size of the Government workforce should change by 600,000+, but it should be a reduction of that size. The plan has no mention of reduction in Capital Gains or Dividends taxes, FICA taxes or, most importantly, the corporate tax rate. I don't see why he refuses to cut corporate taxes, which did wonders for the economy of Ireland and others.
Each state with its hand out should send its Governor here to explain (in detail) how the state plans to use the money and what they will do to reduce spending, cut taxes and grow revenue moving forward. These states need to reduce spending and decrease the size of their workforce. If he goes overboard with environmental regulations and passes Employee Free Choice Act, that will compound the situation. In his defense, I think Obama will be firm in opposing many of the wishes of the more liberal members of Congress and the public. He has a good track record of using people when they benefit him and (in a polite way) distancing himself from them.
He even told us that he wouldn't be able to keep any of his promises and that we would need to be re-elected.
I dont think he will accomplish anything. He didn't do any good for the people in Illinois when he was elected to the state legislature. He did absolutely nothing while in the senate. What are we to expect now?
One of the best ways for the Government to fix the economy is stay the hell out of it! Remember, it was Government that instituted and strengthened the Community Reinvestment Act and kept interest rates artificially low.
He even told us that he wouldn't be able to keep any of his promises and that we would need to be re-elected.
I dont think he will accomplish anything. He didn't do any good for the people in Illinois when he was elected to the state legislature. He did absolutely nothing while in the senate. What are we to expect now?
He even told us that he wouldn't be able to keep any of his promises and that we would need to be re-elected.
I dont think he will accomplish anything. He didn't do any good for the people in Illinois when he was elected to the state legislature. He did absolutely nothing while in the senate. What are we to expect now?
My question to everyone, is how long do you think it will take for Obama's administration to start making major steps in improving everything from the economy, foreign relations, energy dependence, etc.
I believe the major steps will begin on day 1. The changes will take time.
Obama can't fix things he can only make the poain less. The economy is way too big and compl;aicted for a person to jsut"fix things". Most thngs will have to got ehu congress first of all before he sees anything.Then after things egt better it will be painful to pay for the record deficits that will be there to pay for.That is going to be a big hangover effect on the economy.
Obama can't fix things he can only make the poain less. The economy is way too big and compl;aicted for a person to jsut"fix things". Most thngs will have to got ehu congress first of all before he sees anything.Then after things egt better it will be painful to pay for the record deficits that will be there to pay for.That is going to be a big hangover effect on the economy.
Apparently most of those who answered the poll think the same thing. That he wont get anything done. I will at least give him and his administration the benefit of the doubt, they have an awful big mess to clean up, but if they can remain focused on what their goals are, hopefully something good will happen. Can it get much worse?
Apparently most of those who answered the poll think the same thing. That he wont get anything done. I will at least give him and his administration the benefit of the doubt, they have an awful big mess to clean up, but if they can remain focused on what their goals are, hopefully something good will happen. Can it get much worse?
Unfortunately, things can (almost) ALWAYS get worse! I think unemployment is around 6.5% nationally; that can go up significantly (10%+). The national debt and deficits can go up and the US Dollar index can decline. The equities and real estate markets can decline as well.
Look at the individual states; things can get a lot worse on that level as well.
For some reason, it seems many people think that things can only improve. Even if things eventually improve, it may be in light of Obama's policies not because of them.
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