Originally Posted by DrugReptoNurse 
Bush is gone, he isn't going to our President again. This is Obama's economy. He and his administration assured us that if we didn't pass the stimulus bill the nation's unemployment rate would rise to 8.5%. Hmmm.....we did pass the stimulus bill and guess what.....unemployment nationwide is averaging above 10%. Seems to me doing nothing was the better alternative.
While I agree that Bush's watch is over, I think you are forgetting some very important points of recent history. The "bailouts" were started by Bush, not Obama. I don't understand how you can say "doing nothing" is a better alternative. Yes, the unemployment rate is currently at about 10%, but, it's hard to say what it would be at today if no stimulus package had been implented, maybe better, maybe worse. I think anyone who claims to know the answer is merely offering conjecture and speculation.
Verdict....Obama failed. I feel assured any bill he pushes through to help the economy will fail also. He is a slick talking politician...not a businessman.
Obama and the congress are trying to fix a failure by the previous administration.
Bush signed Medicare prescription drug coverage.....a huge mistake. You can't have new trillion dollar entitlement programs and expect the economy to absorb the costs. It doesn't work. Russia is a great example of that.
The spending spree needs to stop before the US dollar is worthless. Have you noticed the spike in gold prices???
I'm worried also about the spending, I think we need to make cuts too. In fact, I think if you ask any American if they support cuts in spending they will say yes, where we run into problems is
where to cut spending.
Re: The Coming Deficit Disaster
World News & Politics