Wow this surprises me, because over here he was said to be the best president the US will ever have. He comes across so nice and cosy with his wife and kids. I think I must read up a little on him, as you guys have given me more insight than anything in the news over here. Maybe there is a cover up going on so as not to scare us all. Things looked so good, and I am sad to see so many Americans feeling this way about the person who is running their country.
Take your own advice and do some reading from legitimate news sources if you want to form an objective opinion about Obama. Internet forums in general, and this one in particular are attractive to fringe elements who are not representative of our society in general and present a point of view that is far outside of the mainstream. In fact if you'd like to skip a step to speed things up so you can move on to actual research, just watch the opening 10 minutes of the Glen Beck program on the Fox network to see where these parrots get their squaking points. After your nausea passes you can move on in your quest to form a rational, non-polemical opinion of our president.
Helen - the forums here are an excellent sampling of how a LOT of Americans feel about Obama. I'd suggest looking around at a few more American political sites too, for a more rounded picture. Try freerepublic.com for one.
The main reason so many are upset is because he doesn't respect our constitution and therefore our freedoms. People really wanted change, but not the change he's giving us.
Naturally, it's a matter of opinion. But their opposition to anyone they consider a RINO (anyone to the left of Sarah Palin) indicates they're after ideological purity. Even Sean Hannity, pretty far right himself, said he and everyone else he knows has left the site because of the admins' propensity to ban people who don't toe the Freeper line.
You need to be more careful with your assumptions. I'm the son of immigrants who came to this country with absolutely nothing and retired early (very comfortably). I personally have never carried debt (besides my mortgage) in my adult life and live well within my means.
My parents, incidentally, were Republicans through the 80s and switched to Democrats when the GOP changed from a keep-the-government-out-of-my-personal-life party to one that intrudes incessantly. They are also put off by the flat-earth, hyperreligious segment that seems to dominate the GOP these days.
Which goes to show you know little about economics. Real economic prosperity can only come about through savings and investment, not taxation and government waste. That's why we suffered through a Great Depression that lasted over a decade and a half.
We only recovered because of the enforced savings due to the Second World War. Even if people could spend their money, there would not have been anything to buy until after the war ended. Saving led to investment, which lead to a boom.
Ever hear about Montgomery Ward? He so believed the "liquidity economists" that he thought the economy was going to collapse after the war because government spending was going to drop. He went so far as to close stores in order to protect himself from the coming "Second Great Depression". Oops.
These economists were also the ones that assured us that once the last cord to gold was cut in 1972 that the price of gold would drop to about $10 an ounce from the then current value of $35 an ounce. Gold shot up to $200 an ounce and has never dropped below that point since. Oops.
With a track record like that, it's a wonder anyone believes these idiots anymore, but there are always the gullible who will I guess.
You seem to understand the basic tenets of classical macroeconomics but are completely missing the boat when it comes to the psychological effect on liquidity. I'm sorry, but you sound more like a politician and less like an economist.
When investment exceeds intrinsic value and spending beyond what's recoverable, a bubble is created that has devastating effects on the psychology of both consumers and lenders, making the risk-loving to risk-averse in an abruptly short period. Until lenders feel (yes, feel) that they can extend credit safely, and when consumers feel like they can spend, then the economy is in recession.
Look at Japan. Their saving-heavy culture led to a recession that lasted more than a decade. It's clear that a climate that encourages investment but also consumption, and stable credit markets, are critical to a smoothly-running economy.
Sure it's related. Stimulus spending during the inflation phase of the bubble makes it bigger. Stimulus spending during the bust phase of the bubble makes the recovery take longer. Do you really know what you think you know?
Spending during the inflation phase of the bubble is not stimulus - the economy doesn't need stimulating. In this, I'd include ratcheting up spending, both military and non-military, to the tune of about $2 trillion, under George W. Bush. Stimulus spending after the bust does not prolong the recovery; it makes it shorter. I'm really wondering at this point if you're just pulling my leg...
We're definitely not getting the real story on Obama from the media here in Britain. Take his new health policy, for example: I've not come across any British newspaper article or TV news item that says people in the US are going to be made to buy private health insurance - yet that is what his policy entails.
yeha, pretty bad - he likes to push through and pass in the senant 1600 pages in two days - no way can they have the time to read what all they were passing - no way - but the senant passed it - the sad thing is no one in America really knows what all was in those 1600 pages - the news only noted a few things - so - we have a ton of new laws we are oblivious too at the moment
The only time a US president is loved and worshipped is when he's running for office. The US is now very much divided about his approach. Most seem let down, which is odd, really, because he hasn't been in office that long.
I don't agree with a lot of what he is doing, but I think he's doing a lot of damage control from previous administrations, and it's probably better than nothing.
The fact is Obama is a democrat and he has spoken in the past about redistributive change. Democrats in general believe in a bigger role for government in society, at least they do now a days. Kennedy when he was president believed in the free market system. He was a tax cutter and believed government should have a smaller footprint in society.
Obama seems like a nice man, and I'm sure he believes that his policies will be good for America. The left though, should not deny that Obama wants government to take a greater role. That Obama wants to redistribute wealth from corporations and the wealthy to the poor and even from the USA to poorer countries.
Many of us did not vote for him, nor do we share his views. Many of us that did vote for him did so because the republicans who were supposed to be fiscally responsible and for smaller government strayed from this philosophy.
Personally, I believe Obama's policies will be a catastrophe for America. I doubt he will be reelected, but he does have a nice smile.
How many nuts can he surround himself with? Sounds like the kid asking the owl how many licks it takes to finish a lollipop. As many as it takes to ramrod his nutbar agenda down the American people's collective throats? Just a wild guess.
You do realise Bush never supported socialism right?
Socialism was the end of a dream that a much misinterpreted author once had. Utopia, a society where people get along within their borders and are self-supporting. The capital based globalized state we now live in is full of hypocrisy left right and centre. Obama is not a socialist. Bush was not a freedom fighter. China is not communist. Power serves itself and will use any sort of lingo to melt its citizens into conformity. Leaders will lead, like a farmer tends his stock. We are the stock of wealthy farmers. America is broke but that doesn't matter, you don't need money to succeed in politics. I am sick of being bothered. What are my options? Fight evil? No chance. No chance of winning. Let it be. We now live in a global nation. There will be a war of wars again and there is nothing that any of us can do about it.
Right politics IS liberal politics. Do you even understand the concept of liberty? Forced health care? So what. Heck, maybe he might give some a cheque if they fall under the poverty line? Heaven forbid he takes from the rich.
If you really want to read fair and balanced reporting, go to http://www.realclearpolitics.com/. They have the best articles and opeds from the left, the right, and the center. They also have tracking polls.
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