Do you think Obama is deliberately destroying the economy? That has been a question raised recently, however we now believe that Obama and his administration are just naive. They have tried to create many new policies they believe will help the economy, however they are only hurting us more because they are created so quickly and with little thought behind the plan. We were not able to track the $787 billion stimulus cash, the Cash-for-Clunkers program entrapped more than it helped, and the employment rate more than doubled while Obama was in office. Not to say all of these were Obama's mistakes but he certainly hasn't shown any promises. He tried to put the government in charge of health care, auto loans, student loans, etc., and ends up asking for tax help to cover all of these expenses! This clearly shows his lack of experience in economics. Obama needs to do something quick in order to gain back some popularity before the mid term elections come around in the next couple of months!
http://www.intellectualconservative.com/2010/09/10/the-jury-is-in-obama-is-deliberately-destroying-the-economy/
Subscribe to:
Post Comments (Atom)
In my opinion, this article makes sweeping assumptions.
ReplyDeleteObama and his administration are spending in an effort to rebuild and stimulate a damaged economy, much like FDR did to bring us out of the Great Depression.
Now whether you agree with this method or not, the fact that the administration is employing it does not necessarily illustrate an incompetence or lack of experience on its part.
I don't think that, unless you are an economist or a similarly educated individual, you can say with an informed certainty that Obama's administration is destroying the economy; the effects of these young policies and programs have yet to be seen.