I have heard the same argument over and over. He’s only been in office for 40 days, give him a chance. I am afraid not, not any more. If we give him any more time he is going to destroy our economy. Obama lied, the economy died.
They scream that the economy started tanking a year ago, guess who was in charge of congress when that happened? I’m sorry if I offend but the far left is driving our great nation into the ground:
The above chart of the dow graphically shows when the decline started, scary huh.
While I would love to live in the fantasy land that Obama’s die hard supporters are living in, I find that the door is just not there. How can one continue to support someone with such bad judgement? He continuously nominates people with either ethical issues or tax issues, and you want him trying to fix the economy?
How about Geithners new TaxMasters ad? I owed $34,000 in back taxes, thanks to TaxMasters I now run the IRS!
rant finished
it is a very wide world and I’m glad to find among my friends people with whom I can so strongly disagree. I would like to suggest a different interpretation of that chart: Obama has made a point of abandoning accounting practices that hid serious financial problems that have been percolating for 20 or more years. It makes things look bad – because they *are* bad and have been so for a long time. Myself, I’d rather know the truth than be deluded by a beautiful lie. As for a market impact that can be traced to when Obama started campaigning, I think that’s a specious connection – when he started, he had very little public support. I would track causality the other way – the worse things looked, the more people wanted someone who’d be honest with them about a plan to set things right again.
I agree with how weak his financial appointments have been – I’m no apologist for his missteps. However, he has already enacted wage justice (Ledbetter – equal pay for equal work), significant tax reductions (for me at least), and unheard-of fiscal accountability measures. When I hear critics attack things like “earmarks” (most of which were put in by Republicans), volcano monitoring (which is a good idea, not to be disparaged), or a mag-lev train from LA to LV (which is not in any legislation anywhere), I see a lack of substance in the criticisms that makes the actual governance out of DC seem that much more reasonable by comparison.
We can and do disagree. I don’t think I’ll change your mind, nor you mine. But I am glad to have a chance to exchange our ideas, as different as they may be. Hope you’re well!
Well, I can agree that this has been brewing for a long time, longer than the eight years that Obama seems to think and probably even longer than the twenty you state. My chart, originally was one I used to point out to someone that the decline in the market happened about the time that the democrats took control of congress. While I don’t believe that it is the only reason for the decline, I did prove my point to them that data can be interpreted in many ways.
I have moved away from the stimulus bill, which is now a moot point as he passed it regardless of how anyone felt. I am now concerned with the “omnibus” budget with yet more earmarks. At the moment the earmarks in it are a 60/40 split with the dems in the lead for amount of earmarks. My biggest complaint is that Obama ran with a promise that he would not let business as usual go on, yet the earmarks are in there and he has stated that he will sign it regardless. I want him to keep his promise, I would also appreciate it if he would not have his financial talks while the market is open.
I think the greatest thing he could do right now is veto this omnibus. I think the market would react positively as well as the fact that it would help him gain the confidence of many who have had no confidence in him so far. It would send a strong message to congress that he is serious about fixing what is wrong with our government. Until he does something to prove that he is not just another politician, I will never have faith in him.