Obama Economy Speech: GOP Vision for U.S. 'Not the America I Believe In'

REply to debbie: Thanks for replying. Yes, it is sad about the conditions that this Nation has gotten in. It is enough to cause any body to become "depressed" because of all the "unfinished" critical conditions/issues that we were lead into. We have to keep it together though and get the voters to inform themselves of the facts and vote at a higher percentage and than they have been doing. At this particular time we are very fortunate, not to be an another "great depression." Even if the total National debt was at a record high of $12.0 trillion dollars at the end of the last administration's terms, something had to be done to prevent the 2007 deep recession from turning into another great depression. If you haven't read about the 1929 great depression it would shed new light on what FDR went through, four years after 1929. I agree with you on the Republican administration's panic of using the $700 billion dollar bailout of the greedy and frauduent financials systems without having the foresight to put the necessary restrictions for preventing the money from being "pocketed" by the CEO's. There are planned stages of the Obama plans as he is saying. There are not going to be any quick fixes of this recovery because it took years for the country to get into this situation. Stablilizing the effects of the 2007 had to be done by stopping the rise in unemployment, with the stimulus meoney. Then the plan now is to get the private companies to reinvest in manufacturing the goods which have been imported by the global corporate monopolies to give the American consumers a choice to buy "Made In The USA" goods. This is going to take time to reverse since it is the American consumers who have been buying the imported goods. In June the US trade deficit was $49.9 billion dollars. When the US consumers spend their money on imported goods, it does not help our economy or the return of our manufacturing base. Remember that the global corporate monopolies that have invested in the low monetary countries for using their low labor cost, don't have any loyalty to any country. ----------------------- debbie294696:39 PM Sep 10, 2010 I am sorry, but I'm feeling pretty "greatly depressed" with the continued decline,in the world I live in, of the economy. The political parties are worse than parent's in a custody case...they are tearing up the "wards" to get a win for the sake of a win, not what is in the interest of the American people! The bail outs did nothing but put money back into the "wealthier Americans" pockets (remember the bonuses, etc.?), but only to favored companies and their executives. I TOTALLY agree with you about buying American and always do so when an American product is available (even at a higher cost), but that is not realistic...many, many companies are owned by foreign entities. And, in truth, America is now owned by China! How sad.

Common sense knows more businesses have been shut down, sold and jobs removed in this administration than any in US American history, meddling in private industry . allowing imports into the country without a content regulation or tariff near the same as the regulation of the country manufacturing them , may help if they don't import as many as they sell here then tariff whould be in order. removinng minimum wage laws could help build job base. people working for cash paying cash get by without paying income tax which equals zero income for government.Tax on spending should be considered so groups buying with ill gotten cash would be ppaying for goods and services then government would have income and profit from all those who get money from drugs prostition, under the table farm work and paying rent in complexes that are deteriorating would have revenue to upgrade and profit from the loop hole tax losses

Do the anti Obama people want this Nation to be in another "great depression," if not, then why are they opposing Obama from spending the money needed to prevent this country from being in a depression? Private sector jobs are needed now and the US consumers with money should decrease their buying of the global corporate monopolies imported goods. It the US is getting into additional total National Debt from the record $12.0 trillion dollars that the last administration left this country, then why doesn't the private corporations help the US out by reinvesting here in this country? If they do not then these global corporations will, in the long term lose many of their US consumers which have helped cause the loss of jobs and the middle class tax base. The opponents of Obama people have tried to “beat” President Obama down, without succeeding and have tried to convince the voters that the “mess” this country is in has been caused by him and the Democrats. Yet everything the Republicans are doing against Obama should indicate that they do not want to do what is right for the country and the people. It would be terrible for this Nation if the Republicans got back in control of Congress.

Is this discussion board more like an attitude on "idealogy" than it is a discussion about the truth of the issues and what the best ways to solve the problems which need to be solved?

President Obama, WE LOVE YOU !!!

Obama must believe that 40% of the people work and pay taxes and 60% live on those taxes.

I found it interesting that during Obama's speech, his supporters were passing along the kudos at every turn, up until the point he said, "And next year taxes will go up substantially ... for everyone." It appeared that the audience became hushed, exhibited shocked looks and then murmurs. Well, at least he finally told the truth about something.

Apparently Obama envisions huge debt, high taxes and unemployment...

Whatever happened to Obama's transparency promise?

Obama is a genius!