Close Topic Options

Pres. Barack Obama's Next Move - Page 58

President Barack Obama presented a reassuring assessment of the U.S. Economic situation Monday, calling the country's problems "imminently solvable."

Obama spoke as the Dow continued its day-long slide, falling below 11,000 at one point for the first time since November.

"No matter what some agency may say, we've always been and always will be a triple-A country," Obama said.

Investors are reacting to Friday's downgrade of the U.S. Credit rating from AAA to AA+ by Standard & Poor's. S&P on Monday downgraded mortgage lenders Freddie Mac and Fannie Mae. Ref. CNN

Move Obamas Barack Pres

A several month process on Debt Reduction that yieled what? Why of course, it yielded a 2 trillion dollar increase to the Debt. That is reduction DC Style!

Our Campaigner and Chief tells us to hold our heads high as we have always been and always will be a AAA country no matter what some agency says...and he is right with the past tense part of it. The words are far less inspiring than they were 3 yrs ago. It is at this point that the President needs to move way to the center and with a PLAN. Quit talking about having one and never showing one...the people are tired of hearing it. We will have to raise some taxes that is for sure, but we also need to stop all the discretionary spending that has jumped almost 25% under this administration.

This is a great country, but great countries like great neighbors, customers and friends honor their word. The dollar is part of our word as long as we sell it to our friends. Let me help with answering one thing...printing more money to pay the debt is not the answer so try again! Also, quit saying that we can just print more cash to pay the debt (and in the process make the dollar worthless).

These are the times that make great presidents and this one is unfortunately letting the opportunity slip through his hands and offers us only rhetoric. Rhetoric will not put food on the table for long.

Pres. Barack Obama's Next Move History & Civil Business Politics

Beck summed it up nicely this way:

I will be amazed if Pres. Obama makes it to a second term, I think the Democrats are already counting their losses.

Page 58 Move Obamas Barack Pres

If Obama wants a second term, he will need to actually unveil a plan that he typically talks about having, sell it to the public as a solution and ram it though congress after it gets that mandate from the people. In my opinion, it is too late now to finesse our way back to prosperity. Creating jobs is the right thing to do to get us out of this mess, but since we are too deep now it is difficult to prime the pump of job creation. I would say give up on creating jobs, but tax cuts for businesses usually does a good job at getting more jobs...unfortunately, we are going to need lots of revenue and probably can give up much corporate tax and actually may need to tax more.

The top 1% are going to have to pay 5 to 10% more in taxes. I like the idea of trying to have the tax increase cover the interest payment on the debt. Middle income earners with 401k's will need to have to tax differed optioin pulled for a while to help increase revenue. Programs are going to have to be cut. The US will have to take a backseat to international military operations. We cannot sustain as many fights as we currently have and need to pull out of at least 1-2 of them. Companies need incentives to grow businesses and hire in the US. R&D deductions should be held and some sort of benefit for those companies that increase US hiring need to be realized.

Just working on the unemployment issue would have been fine if our debt wasnt so high. Devaluing our currency wouldn't be so bad if the US didn't import so much, but devaluing now would just lead to rampant inflation or stagflation.

This is going to hurt and it will hurt everyone. The world is also too mobile to just target the rich or companies to foot the bill. They can always leave for a better deal...wouldn't you?

However, if Obama really moves hard to the center and goes to work for the people, he has a chance. If this continues through the next year with the same effort and leadership he put into the recent set of debt talks...there is no way he sees a second term. As a matter of fact, there will be few politicians that see a next term with what is going on in DC.

Move Obamas Barack Pres

Obama blames economy on everyone but himself...

President Obama hilariously blamed Bush, headwinds, earthquakes, the Arab Spring (wait, didn't Obama cheer those on?), conservatives, your grandma and just about everything else for the bad economy. If that wasn't lame enough, Obama made the awful decision to speak while the market was tanking (down about 400 points) - and after his horrible speech it tanked another 200 points. Genius! Ref. Source 1

Pres. Barack Obama's Next Move

Pres. Barack Obama's approval rating lowest ever

The poll "says 39 percent of Americans approve of Obama's performance, while 54 percent disapprove. "¦ A deeply unsettled political landscape, with voters in a fiercely anti-incumbent mood, is framing the 2012 presidential race 15 months before Americans decide whether to give Obama a second term or hand power to the Republicans. Trying to ride out what seems to be an unrelenting storm of economic anxiety, people in the United States increasingly are voicing disgust with most all of the men and women, Obama included, they sent to Washington to govern them." Ref. Source 6

Pres. Barack Obama's Move - Page 58

Obama clashes with Tea Party member

Ryan Rhodes, a group leader in the Hawkeye State, stood up and shouted a question during a town hall, asking the president how he can call for more civility when "your vice president is calling people like me, a Tea Party member, a 'terrorist.'" Ref. Source 2

Pres. Barack Obama's Move Politics Business Civil & History - Page 58

Obama blames ATMs for poor economy AGAIN

For being one of the smartest people ever, Barack Obama seems to say a lot of idiotic things. A few weeks ago Obama bemoaned modern technology, such as ATMs (really? that's modern?) that make businesses 'more efficient' (as if that's a bad thing) and in turn, use less employees. Well, he doubled down on the ATM complaint AGAIN. Harvard should be ashamed. Ref. Source 1