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Does Obama understand economic growth?

  1. tobey100 profile image61
    tobey100posted 5 years ago

    There is no doubt Obama believes in Government with a capital 'G'.  At last count the Obama administration has added 123,000 federal jobs during his tenure.  His philosophy is the Government can solve all problems if the rest of us would just let it have control.  Maybe he thinks that way because he's never held a job in the private sector.  Maybe he doesn't understand the difference between private and public employment.  Maybe he's surrounded by advisor who don't understand the difference.

    A simple definition is PUBLIC sector jobs are those funded with taxes.  PRIVATE sector jobs are those funded by commerce and paid by business without benefit of taxes.

    Question:  Can anyone tell me what's wrong with this public statement made by Obama's main advisor, Axelrod?

    "We need to accelerate job creation in the PRIVATE sector.  (I put private in caps as a clue)  One of the ways that we can do that is putting teachers and firefighters and police back to work because those are good middle-class jobs."

    1. Uninvited Writer profile image83
      Uninvited Writerposted 5 years agoin reply to this

      He means that public sector employees pay taxes and that they earn money to spend with businesses and that helps to create jobs for those in the private sector.

  2. LucidDreams profile image72
    LucidDreamsposted 5 years ago

    What choice do we have? Obama or Romney? Both both are out of touch but I can see Obama atleast making an attempt. Politics as usual as the country gets flushed down the drain.

  3. tobey100 profile image61
    tobey100posted 5 years ago

    I could almost guess the responses I'd get.  Doesn't matter how you try to interpret the statement or who spends the money.  Read the quote again.  The man doesn't know a private from a public job.

  4. Cagsil profile image61
    Cagsilposted 5 years ago

    Economic growth?

    I don't think there's one political official in office that has any idea about how to provide economic stability or growth.

    Why do I say that? Well, look at history. Politicians haven't address the same re-occurring problem with the economy since it's inception. What re-occurring problem? The slowing period which happens. It's inevitable.

    Having said that, government hasn't addressed this problem properly. It has continued to shell out borrowed money to decrease the slowing period, which is why the economic stability and growth is non-existent.

    They borrow money so as to shorten the time period which the slowing period lasts by injecting liquidity into the economy. This same trick has been done time after time, after time which produces the same results. No actual growth.

    Wall Street has Main Street's number because Wall Street are the masters of true deception. If growth needs to be shown, Wall Street can provide it. If the Economy seems to be weak, but Wall Street shows gains upon gains? Who is playing who exactly?

    1. tobey100 profile image61
      tobey100posted 5 years agoin reply to this

      Cagsil is the winner.  There ain't a single one of 'em knows how the economy works.  Why do ya think they become politicians??  The checks in the mail soon as I get my unemployment.  wink

      1. Cagsil profile image61
        Cagsilposted 5 years agoin reply to this

        Did you know that unemployment checks were shortened also? Just recently written on Yahoo, that Congress has decided to cut back unemployment checks. Not the amount, but how many weeks people will get/receive checks.

        Instead of the set amount previously settled on, it has now been changed. wink

        Nothing like stunting growth.

        1. Reality Bytes profile image84
          Reality Bytesposted 5 years agoin reply to this

          The more people that are dropped off the unemployment list, the less unemployment we have.  At least that is the way government views it.

          1. Cagsil profile image61
            Cagsilposted 5 years agoin reply to this

            Yes, I realize that. However, I am more concerned with what is going to happen to those people from that point on.
            Yes, they view it as a positive and will promote it to the general public as an accomplishment, such as lower unemployment, which is seen by the Wall Street world only as a positive thing, then sold to Main Street with no positive benefit.

            Yeah, it's a scam.

            1. tobey100 profile image61
              tobey100posted 5 years agoin reply to this

              Reality has a point.  If we'd all just quit work there'd be no unemployment statisticly

  5. Reality Bytes profile image84
    Reality Bytesposted 5 years ago

    All politicians understand economic growth.  Their controllers see economic growth every quarter!

    It should read, All politicians could care less about the economic growth of its human citizens!