Quote:
Originally Posted by Tempest
I love how people go on and on blaming Obama for the economy... What happened in 2008 was not the start of a regular recession which can take a year or two to get out of.. It was a world wide financial disaster.. That takes years to work you're way out of.. Anyone that thinks otherwise is just delusional.
And yes... Other countries rebounded more quickly.. But that's because they have a more sound financial system in place in the first place. To fix the US system will take a lot of changes which are near impossible given one party doesn't want to regulate etc and is pretty much responsible for what happened in the first place.
Obama isn't perfect... But then again, none of them ever are.
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Bush inherited a balanced budget, low debts and a pretty good financial structure. Obama inherited a pile of shit. That's about to get bigger. The crisis in the Euro is about to hit the fan and the shit will fly everywhere.
The real problem isn't the leader.
You can see the culprit by looking into the mirror and looking at the top money makers.
Simply put the US and some EU countries spend more than they earn. The citizens enjoy a standard of living based on debt. And now the banking crisis has revealed the problem of debt. Whether its your CC or your State/Country or you United States or European Union. You are going to have to adjust your standard of living.
Now will you vote for a man who stands up and tells you the hard truth that unless the country you live in manufactures and sells more overseas, buys in less from overseas, you
have to take a 10% pay cut. And the odds of exporting more and importing less are very low and it will be slow?
Never blame the "Liberals" for the problems of today. Blame the people exporting jobs, importing cheap goods and lending trillions to countries that I wouldn't let buy a set of content on credit. You might find a lot of them vote "Republican".
Great for them, their wealth has increased, so they don't give a flying fuck. When the house of cards collapses they will be sitting on a beach in the Bahamas, drinking ice cool cocktails with a naked nude native lady pouring it down their throats. While you get your power cut off.
Why do you think the price of Gold and precious commodities has risen?