Obama's Plan for Helping the Economy - Nothing

[ChristineVA]

Originally Posted by Icy Tea

Obama's the Bailout Blunder. The auto industry, now health care and social security, everything he touches turns to dust. Now they're saving Greece and Ireland next and who's going to pay for it? Yeah, us. We can't go bankrupt fast enough, I guess.

I thought the U.S. auto industry was actually doing quite well now?

[Joke Insurance]

He does want to enact another Stimulus Plan. I guess he's now trying to do something to help the economy

[DRob4JC]

Originally Posted by Joke Insurance

He does want to enact another Stimulus Plan. I guess he's now trying to do something to help the economy

There are two economies - the real economy and the perceived economy.

The real economy is about GDP, employment, real production, etc.

The perceived economy is about stock markets and ticker numbers.

Now that there is no government money pumped into the system, we are seeing the perceived economy line up with the real economy - represented by the falling stock numbers.

Whatever stimulus or quantitative easing that pumps money back into the system will definitely help the perceived economy through the next election. Whether or not it helps the real economy is questionable at best right now.