Is Obama succeeding or failing with the economy?

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Please give and also explain your answer.

2.5 million (2,500,000) jobs lost since he took office. He predicted unemployment would reach 8% under his plan, but it's now 9.4%, and is expected to reach 10%.

*Bonus question: Where will all the money come from to pay back the $10 trillion ($10,000,000,000,000.00) he proposes to borrow during this recession?

Obama's formula for fixing the economy: Get the U.S. as deeply into further debt as possible, shattering all previous debt records under all former presidents combined.

In closing, I would like to leave you with this thought: Obama is incompetent, and a racist. He said he believes in "economic justice" -- translation: money being taken from whites and given to minorities -- rather than fixing the friggin' economy! He was actually asked about those two things side by side, and chose the former over the latter. What a dunce!

Also, remember how "stupid" Bush was? Well, chew on this: Obama's IQ is lower than Bush's.

Last edited by Ragtime on 10 Jun 2009, 10:12 am, edited 6 times in total.

Well, when Obama got into office, you were calling attention to every dip in the Dow Jones and trying to link the market to his every utterance. By that measure, Obama has done pretty well, up 10% in 5 months.

Overall confidence in the financial system? That's up. 10 banks are going to start repaying the government for TARP loans.

Obama is a dunce, Obama is less intelligent than Bush? Hmmm ... which one graduated Magna Cum Laude from Harvard Law School? Yeah, he must be a dunce - in bizzaro world.

Which one learned to fly a jet fighter (a complicated piece of machinery which if not operated properly will kill the pilot)?

ruveyn

Which one learned to drive a car, which can easily kill the driver and occupants if not operated properly?

The original claim was that Obama's IQ was lower than Bush's, and there was a picture of Obama wearing a dunce cap. Harvard Law School does not graduate dunces Magna cum Laude. Measures of IQ are not based on skills like being able to fly a plane. Neither leader has released certified IQ test results, but the academic records strongly suggest that Obama has a leg up on Bush.

Ragtime is blowing hallucinatory fumes out his posterior.


This from today's news:

I forgot to add the poll. Please vote!

To put it simply, the American economy has been set up to fail since before Reagan entered into office. Presidents (over the years) have simply been caretakers of a slowly sinking ship.

Our economic crisis is by design. Any economics teacher will tell you that debt-driven economies (which the USA has been since around or before 1970) must eventually fail. When the monthly interest payment exceeds what they can borrow each month...it all comes crashing down.

Obama is not to blame for what he got, but he single-offhandedly ensured in his first 100 days that the end will be disaster. The false "bailout" of Wall Street is in the trillions of dollars which are unaccounted for (the public was told the bailout package was only $700+ billion, but actual tracing of the money has indicated trillions has been moved with no official accountability or review by a supervising authority).

Obama has more than tripled America's debt in a matter of months. People were screaming to get rid of G. W. Bush and not to vote for John McCain over the debt that was being created by a misguided foreign policy of war without end. Obama does 3X worse and everyone is orally pleasuring him and telling him how wonderful he is.

The age of America is closing. Teach your kids Mandarin....they'll likely need it.

The market is doing better now at fighting the lack of investor confidence due to Obama's slow government takeover of the private sector. Now, Obama has announced that he will speed up the stimulus spending.



Which Ivy League university boasts the most business graduates to become CEOs which then ran their huge companies straight into the ground due to their gross incompetence? Harvard. Last I saw, the count was 11 Harvard-graduated, mega-failing CEOs, and the next-closet Ivy League university had only 6.

Obama has no EXPERIENCE running a business or doing anything else related to the duties of President of the United States. He is easily the least-qualified U.S. president in history.
So I repeat, he is incompetent. Just because he's black doesn't mean he shouldn't be held to the same standards all the previous presidents were. And just because Supreme Court Sotomayor is Hispanic doesn't mean her outspoken racism should be tolerated on the bench.

Not really. The initial fear and the largest fear was related to a lack of confidence in the markets and institutions. That free-fall has been broken.




Relevance? None.



Experience running a business is not a key qualification for being president - Harry Truman did run a haberdashery in a small town along the Missouri/Kansas border, but that has little to do with his legacy in office. No job in the world is adequate preparation to be President of the US.

Of course he will be judged, as all presidents are. But holding him 'to the same standards' as previous presidents is not going to happen. No president is held to the same standards as the others. Presidents are judged in terms of a complex, subjective framework that changes according to the times. Hoover can only be judged by his response to the economic crisis, while FDR is judged in terms of his recovery package and his role in WWII. Try doing it some other way ... you can't.

Read the bolded text.

And?

Some people would say that serving as a state legislator and US legislator can partially prepare a person for the Presidency - Lincoln and JFK are two individuals that come to mind. Some people are partial to governorships - but I suppose you don't think that LBJ or Bill Clinton were that good of presidents even though they were governors and had 'executive' experience before coming into the oval office.

Maybe I will push that button on my time machine to take us back a few months to the elections so everyone can reconsider their votes .... nope, I decided not to. America will have to make do with the President it has, even if Ragtime is not satisfied with his paper qualifications.

That's right, it's just me. Everyone else is thrilled at Obama's performance thus far. I'm sure the 2,500,000 people who lost their jobs this year are quite grateful to Obama for that.

Way to marginalize Obama's critics.

Personally, I'm sick of the man's name, face, voice, lies, and teleprompter addiction. And no, America doesn't necessarily have to make do with Obama as president for the next 3.6 years. We have laws to ensure that a renegade president can be reined in, and even removed from office if necessary. He's our president, not our king: he's only useful to the extent that he represents the interests of the people.

Well, feel free to keep criticizing... that's your right. And I will keep on refuting what I deem to be nonsense.

Last numbers I saw, Obama had a favorable rating around 65% and a negative of around 30%. Which is pretty solid.

Most of the 2.5 million people that lost their job this year don't blame it primarily on Obama (or Bush, for that matter) ... economies are cyclic, and when the business cycle turns down, businesses lay people off. That is just the way it is. I could be facing such a layoff, as work around here is drying up... started before Obama took office, for reasons unrelated to Obamamania. A few hundred thousand people unwisely lent a few trillions to 100 million people, and before you know it, the economy don't feel so good anymore.

It's too early to know the results of Obama's economic policies, but I am concerned about our growing debt.

That is highly unlikely. However much you disagree with Obama's politics, he is a highly intelligent individual, with degree from two Ivy League universities and time spent as a professor at one of America's best universities. Bush is just a moron however you cut it. He couldn't even get into University of Texas.

You left off the correct answer, in my view: "it is too early to tell."

Everyone who has any clue about economics realizes that events happening today are the result of policies put in place anywhere from 6 months to 10 years ago, and the effects of Obama's policies will not be know until anywhere from 6 months to 10 years after they are put in place.

It isn't nearly as simple as you are trying to make it out to be.

Not to mention, there is only so much a president can do when it comes to the economy.

And, for the record, I gave the exact same courtesy to Bush Jr. with his policies.

enjoy your fail OP