How the Barack Hussein Obama's win will Effect Economy and stability?

  1. ZIa Ahmed khan profile image79
    ZIa Ahmed khanposted 5 years ago

    How the Barack Hussein Obama's win will Effect  Economy and stability?

    It is now official Barack Hussein Obama, won the elections. How it will effect economics, specially the debt cliff and tax cuts.

  2. independentwriter profile image59
    independentwriterposted 5 years ago

    I believe that it is going to affect the economy in a negative manner.  We are going to continue to absorb large amounts of debt and tax cuts are probably going to go away.

  3. PDXBuys profile image73
    PDXBuysposted 5 years ago

    Look at it this way, Obama needs to pull about $10 trillion out of a hat.  He needs about $5 trillion to repay what the government borrowed for his last four years plus another $5 trillion to cover his spending for the next term (an estimate based on Obama's current rate of spending).  Anyone want to wager on his odds of success?  Oh, even after he does that we will still be $10 trillion in debt - exactly where we were when Bush left office! (Give or take a trillion...)