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Americans disapprove of Obama's handling of the economy by 50 percent to 46 percent with 4 percent undecided, compared to the 48 percent-to-46 percent margin by which they approved of his handling of the issue in early May.Its time to pull out of Iraq and Afganistan but keep watch on the nuclear weapons
in Pakistan. Everything about Afganistan is just a waste. Mc Krystal knows it, hence the reason for his behavior.
President Obama has accomplished a great deal. When he took office we were losing 750,000 jobs a month. After his stimulus package passed those numbers declined each month and we are now adding jobs. He has also cut taxes on the middle class, passed health care reform, saved the banking and auto industry, implemented more environmental regulation. Hopefully the deficit will come down after those tax cuts on the rich are rescinded and those two disastrous wars are ended.
June 26 2010 at 7:14 PM Report abuse Permalink -2 rate up rate down ReplyThe democrats are sticking it to us because they know they will be voted out in November and Obama is using that to get more of his uwanted policies passed.
June 26 2010 at 5:34 PM Report abuse Permalink +4 rate up rate down ReplyWhat has Obama done except make a bunch of promises he hasn't kept?..
June 26 2010 at 11:36 AM Report abuse Permalink +5 rate up rate down ReplyI am disappointed that more people have voted down my two posts (below) than have voted up. Both posts were offered to provide some historical basis to people for issues of current interest. It was hoped that by understanding what has happened in the past, people would so consider when forming opinions and positions posted herein. I am sorry that the down-voters seem to not want the relevant past to influence their thinking. Too bad…
June 25 2010 at 3:27 PM Report abuse Permalink -7 rate up rate down ReplyWhen are Democrats going to wake up to the fact that their party is no longer theirs? They ignore the people who are calling the Democrat party "Progressive" now - they better start doing some research on what "progressive" stands for and its roots The 'progress' part is misleading, it is the same old tired socialst/marxist policies of the 1930's that FDR tried to push forward, that have already been proven to have extended the depression into the Great Depression and were economically ruinous for the country. The progress means the slow progression into socialism and the loss of your individual freedom. The Dems (Progressives) profess to be for the 'little guy' but promote Union control and expansion of government (do some homework on Unions and their background as proponents of racism); neither of which grow the economy or create new businesses or jobs, and necessarily control your life, property and liberty. Union pensions have ruined the auto industry in Michigan and the economies of Union dominated states are ALL in the toilet. California's public sector unfunded pension liabilities is what is trashing the economy there and will likely force bankruptcy. Union members: force your corupt management out! They are not working for you they are using you and your dues to accomplish power and control for themselves, which they throw you crumbs. They have sold you a bill of goods - you don't put $175K into your retirement and end up with $8M. Union managers will shift these mismanaged pension funds onto the rest of us to pay, because they expect a pay-back bailout from the Obama Administration. Democrats - please wake up and take your party back.
June 24 2010 at 6:53 PM Report abuse Permalink +10 rate up rate down ReplyHere's some more history for those who think that the financial recovery is moving too slowly and blaming the Keynesian economic approach (which did end the Great Depression):
The unemployment rates for the years 1981 through 1988 were 7.6%, 9.7% (peaked at 10.8% in Nov 1982), 9.6%, 7.5%, 7.2%, 7.0%, 6.2%, and 5.5%, respectively. The rates of 9.7% and 9.6% are not too different from the current rates. The point is that it takes many years to reduce the unemployment rate. To expect a return to normalcy in a time frame on the order of months is totally unrealistic, especially for a population that is about 75% greater than in the 1980’s and in the aftermath of a recession (from December 2007 to July 2009 with a GDP decline of 3.7%) that is greater than that in the early 1980’s (from July 1981 to November 1982 with a GDP decline of 2.7%). In 1982 the peak unemployment month was at the end of the recessionary cycle, and it is not unusual for unemployment to peak after the recession is “officially” over. In conclusion, it will still take many years (maybe 5 to 6 years) before the unemployment rate returns to about 5%. People should recognize the reality of the situation. By the way, the 1980’s data given above are from the years when Ronald Reagan was the President.
I hope this helps...
For those who are critical of overspending, a little history:
Just before WWII the national debt was about 50% of GDP.
By the end of WWII (when the US industry and economy was going full-tilt-boogie) the national debt was about 120% of GDP. That’s right the debt was greater than the economic output of an entire year!
Since the end of WWII every President has reduced the national debt until Reagan and Bush. When Reagan took office the national debt was about 33 % of GDP. When Bush (Sr) left office the national debt was about 66% of GDP.
Clinton reduced the national debt, so that when he left office the national debt was about 55% of GDP.
When Bush (Jr) left office the national debt was about 75% of GDP.
Today it is about 87% of GDP.
The national debt can also be represented in dollars or in dollars adjusted for inflation when comparisons are made across time. One point to keep in mind is that when represented as % of GDP, the national debt will appear larger during economic contraction (recession or depression) because the economic output is diminished. As examples, the 120% GDP national debt of WWII was significant, since the economy (due to the war) was booming, while today’s national debt of 87% is less so, since the current economy is yet sputtering from the recession of 2008.
I hope this helps...
He inherited a HUGE mess and is now being blamed for not fixing it fast enough.
June 24 2010 at 2:06 PM Report abuse Permalink -8 rate up rate down ReplyYes, and Clinton inheirited a huge windfall economy and took credit for it. They can't take the responsibility when they are in power, but they sure like to take credit.
June 24 2010 at 7:20 PM Report abuse Permalink +7 rate up rate down ReplyIsn't blaming Obama for everything getting old? The bipartisanship in this country is the cause for our slow recovery. The republicans constant attacks on the president and congressional filibustering are what is holding our country back.
June 24 2010 at 9:26 AM Report abuse Permalink -34 rate up rate down ReplyFollow Politics Daily
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