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Obama promises to revive U.S. economy

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Style over substance, the guy is a fool.

McCain gonna win anyway Obama, so stop spouting trash.

All intelligent people know only Republicans can boost the economy.

Democrats make us hard working huys out of pocket, and donate our cash to poor little minorities. Bwahahaha

Vote for the honest guy from the honest party, way to go McCain.

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"Republican John McCain said the culprit for the deficit was the administration’s wasteful spending.

“There is no more striking reminder of the need to reverse the profligate spending that has characterized this administration’s fiscal policy,” McCain said in a statement issued Monday."

Meanwhile, Sen. McCain is adamant he wants to continue the $12-30 billion/month "War on Terror", which is one of the primary reasons behind the near-half-a-trillion deficit the White House announced just yesterday, that - amazingly - doesn't include Iraq spending bills.

So, Sen. McCain admits there is a problem with wasteful spending and yet his only strategy is to....make it even worse?

Look, I know Sen. McCain has admitted he lacks economic nous, but this is beyond ridiculous.

Even a housewife (no offence at all to housewives) could straignten Sen. McCain out on this one - if you have a debt, either cut your spending or increase earnings.

With a tanking US economy thanks to Bush/McCain policies, the latter is the most difficult option, but McCain's strategy it seems is to increase spending.

When is the Republican party going to wheel out their serious candidate?

Sen. McCain is a joke. LOL!

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I'm pretty amazed to believe that people will continue to believe that the republicans have the answer. Let alone the correct answer to fix the economy.

The last 16 if not the last 20 years can show you how the republicans and the democrats have handled the economy.

You want something different for a change, vote democrat. < :-)

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I don't think anybody has the answers to the economy. We are finding it difficult to find someone to support us in the lifestyle to which we have become accustomed. I think we have some hard choices to make and I don't think that any politician is going to be honest enough to say so.

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SezWho2; Just put your faith in McCain. He is the guy to carry on our successfull economy.

GW has done a great job and let`s carry on the same way.

Obama is too inexperienced to know how to do the job.

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Fairandbalanced: "McCain gonna win anyway Obama, so stop spouting trash. All intelligent people know only Republicans can boost the economy."

You don't seem very 'balanced' at all, my friend. Are you referring to the trillion dollar defecit Bush made Clinton's surplus into? Ummm.... let me remind you that that's a Republican who took a Democrat's surplus and flipped it upside down.

What's more, McCain just flip-flopped on his promise to "never" raise taxes and says he's no longer opposed to it and it's 'on the table'. That means he's going to take more of your money from your pocket, my friend.... hahaha.

As for McCain winning, please don't crack such jokes when I'm drinking hot coffee! Kudos for the laugh, seriously, but it'll never happen.

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smithinjapan; Hey, nice liberal propaganda there.

Look at the facts, economy is growing, Freedom in Iraq and Afghanistan, no more terrosist attacks on US soil. What more do you want?

McCain is honest, and will only do what is best for the whole country, unlike Obama, who only thinks of his liberal elite pals.

Get with the programme dude!!!

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Surge,

McCain's economic judgment--like Obama's--will be formed by his advisers, not by himself. Furthermore, he will have to work with whatever Congress the election gives him. I don't particularly trust McCain to select good advisers and I don't trust the electorate to give McCain a majority.

I think Obama would be more likely to command a majority and I also tend to think his mind is a little more agile and his judgment a little better. A candidate can marry into money but its difficult for an entire nation to do so.

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Well, certainly the billions of dollars the Democrats want to throw indiscriminately at realty investors who made poor investment decisions during the housing boom is sure as heck isn't going to make things better. President Bush should be vetoing that wasteful bill.

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SezWho2, McCain has a razor sharp mind.

And let`s no forget that he is a true patriot and war hero.

Obama cannot win as voters will see he does not care for them, only in having power.

McCain aint letting the country down, and he`ll carry on growing the economy when Bush is gone.

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As for McCain winning, please don't crack such jokes when I'm drinking hot coffee! Kudos for the laugh, seriously, but it'll never happen.

So, I guess smithinjapan is also voting Obama.

That's Ok. I'm still undecided.

How does Obama figure his plan to DOUBLE the capital gains tax is going to stimulate our economy...

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"Obama promises to revive U.S. economy"

Has it been knocked out? Ha ha ha ha ha! Fact: New orders at U.S. factories jumped buy a much bigger than expected 3.7% in July.

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There are too many liberals here, just spouting what they hear or see, on the liberal media.

Revive the economy? It is doing fine, thanks. Obama would destroy it though. Probably give Billions of Dollars to his new overseas buddys.

McCain is a long serving politician, who the public can trust, only one choice, VOTE mcCain!!!!

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"There are too many liberals here"

Ha ha ha ha ha! I'm beginning to like this guy...

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sarge: it's pretty clear that 'surge' (my guess is he/she is merely a new handle) is merely being sarcastic and possibly trolling for response.... there's no way anyone believes what he says. Same with 'fairandbalanced'. There is an inordinate amount of new names popping up suddenly on this thread, with the exact same message in different words, and saying nothing but that which is contradictory to fact.

'McCain has a razor-sharp mind', for example, is clearly contrary to fact, and is designed to get people to come on here and react by pointing out how even today he has flip-flopped and seemingly 'forgotten' that he has promised NOT to raise taxes if elected, not to mention pointing out the question of his senility (as in, to believe it or not). See? Now I had to point out to you how people would respond, simply to spell it out. Hope you got it.

The only thing 'razor-sharp' about McCain are the little filings and stubs under his dentures.

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Smitty - "McCain has a razor-sharp mind" is clearly contrary to your opinion. Duly noted.

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sarge: It's not opinion, it's fact.... again, the only thing razor sharp about McCain... okay, the only thing aside from the stops under his dentures and the knives that have to keep cutting cancer off him... are his 180 degree flip-flops on everything he says; well, either he flip-flops, forgets what he says, or people are simply 'taking him out of context'. Look, the guy's only RUNNING for president and already he's got more lies and forgetfulness than bush has had...

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I don't know which is worse, the assertion that McCain has a razor-sharp mind or the fact that he keeps cutting himself with it.

McCain is a good man as politicians go. We could do worse than to have him for President. We have done worse for the last 7 and a half years.

We could also do better. Even the Republicans could do better.

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The US economy is doing fine, someone says?

This "fine" economy is facing a deficit of 482 billion dollars!! A record in US history! And the White House didn't even include the 80 billion needed for war. Against the will of Congres.

Major banks in the US closed 4.8%-11.6% lower. Because again they worry about the subprime mortgage crisis. The IMF warned that it's far from over.

Sure....doing "fine".

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GWB to leave office with 10,000 billion USD debt, for John Mccain or Obama. This debt of 10 trillions and solutions plans should be biggest problem for Mccain/Obama ,when they get chief, economic commanding officer post.

Iraq and afghanistan is far from being, the big problem.

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We could also do better. Even the Republicans could do better." Allow me to comment. I agree but I would like to go further than that. I am so sick of this Dem or Repub crap. On one hand we have an old guy who has really only done pandering. And, on the other we have a rock-star who is really only a crowd pleaser. I think the only we way we can do better is to pull back everything from jump street and start over. Imagine if there was such a choice as "none of the above". Let's put an independent in office!

I kind of feel forced to vote for O and I am sure others are feeling like they are forced to vote for McC.

Smitty, you mentioned flip flopping McC, but there is just as much flip flopping going on on the dems side as well.

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Oh, is McCain still running?

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Indeed. The U.S. economy is in extremely dire straights and it will be up to our next president to fix it.

America, we've been "arbusto'd."

Taka

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Taka,

Look at in a positive, Rusmfeltian light. Bush is good at some things. Like running stuff into the ground.

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"Obama promises to revive U.S. economy"

He'll need as much help as he can get - Thanks in no small part to the abject failure of the bush years, America paid $200 billion in debt interest last year alone.

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it will be up to our next president to fix it."This is what politicians want you to believe but in fact, there is really very little they can do without pissing half the world off. If you let in McC, far too many companies will go off shore, leaving far too many out of work and these days, umemployment insurance is at an all time low. For companies that stay in CONUS, they will, by the support of McC, start to hire illegals at high rates, not having them pay taxes, giving them free access to schools, medical facitilies, and ... you know the rest. The American worker is basically a thing of the past. All need to get into white collar work. Even cities and state governments are hiring illegals to fill lower wage jobs. If you let in O, companies will have far too many taxes against them, again, effecting the employment rate and allowing, basically taking right after Bush, illegals to work and not pay taxes and basically the same as McC.

As usual, military purchasing will come down, as it did in the Clinton years, cutting into big companies' opportunities. With either candidate, public works projects will go too far out to tender, becoming no so lucrative for mid sized companies.

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'Verts, And letting us know where WMDs aren't and ending any debate over who deserves the title of worst president in the U.S.'s history. So...legacy boy has that going for him.

But...the truth of the matter was stated very aptly by SezWho2 above. To truly fix what ails America, Americans are going to have to take a hard and honest look in the mirror and we're going to have to quit our primadonna ways.

The last politician that dared even start down that path of getting us to act a little more responsible was President Carter and he was widely vilified for it.

Taka

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we're going to have to quit our primadonna ways." So the McCain guy who claimed the US is a country of whiners was correct?

BTW, all sorry for the incomplete post above, was called out. Lost my train of thought. But, do any of you actually believe either McC or O can fix this economy? Its really a whole new ball game. What does America lead in anything any longer?

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Skip, Obviously not everyone, but, yeah, America certainly does have her share of whiners of all races, both genders and all political affiliations, in my opinion. I didn't really have any heartburn over the whiners remark at all.

Taka

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I didn't really have any heartburn over the whiners remark at all." Neither did I.

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I agree. Why was Mark Gramm (?) slammed for - basically - telling it like it is?

Pretty odd.

But I'm not American so what would I know about American psychology and moreover, what right do I have to talk about anything concerning America?? :-)

(ha ha ha! OMG, I hope nobody bites, like seriously :-)

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Why was Gramm slammed for "telling it like it is?" Well I guess he should of qualified his remarks by showing some sympathy (feigned at least) for those who lost their homes, can't afford gas, lost health coverage ... I mean not everyone in America is whining over trifles (or wining over truffles for that matter). Only an out of touch elitist could utter such a remark and not understand how insensitive that sounds until it hits him in the face.

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Promises, promises.

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buddha - "Only an out of touch elitist could utter such a remark and not understand how insensitive that sounds until it hits him in the face."

Precisely. Gramm has already been given the boot, and it's only a matter of time before America gives McCain the boot.

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"Oh, is McCain still running?"

Oh, was that more sarcasm?

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Obama thinks increased spending and a massive tax rise are just what America needs. Same as Hoover. He would impose tariffs as well. This is sure to aggravate the recession into a depression. Hoover did the same thing and created the greatest human tragedy in history. That's the thing about the old guy - he knows history a little better. When are people going to recognize Obama as the joke that he is?

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"worst president in U.S. history"

Anyone remember 20% interest rates and the misery index during the Jimmy Carter years?

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skipthesong,

Except for your characterizations of McCain and Obama, I agree with you entirely. It is because I suspected that the comments about McCain and Obama were made on a partisan basis and not on merits that I brought the issue of party into play. My suspicion could have been wrong, but I doubt it.

I don't think that there is any doubt that both parties could do better. However, I think that McCain is more than a person who only pandered for support. I think he is an honest (relatively) and sincere American who has demonstrated an ability to work with people on both sides of the aisle, but one who has anger management issues and whose age is uninspiring and whose mental acuity is questionable.

The same is true for Obama. It is unfortunate that his resume is thin, but I see no reason to doubt either his (relative) honesty or his sincerity. One of the primary characteristics of leaders is that they must be able to adapt to new problems, to new data and constantly present a vision that enrolls support. Obama is working in the world of ideas that affect peoples lives and the charge that he is simply a rock star is misleading.

But, yes, let's get an independent into office, by all means. Or let's go back to the founding fathers original notion that the presidency would be contested by a multiplicity of candidates and the election would be thrown into the House. Or let's expand our political system so that we do not get two political parties which front and back the same coin. I'm down with that.

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sarge,

"Anyone remember 20% interest rates"

Heh, funny you should mention 20%...a bit like Dubya's approval ratings, n'est ce pas?

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hellokitty,

Hoover was a republican and one of the models for the bush trainwreck administration.

The joke will be on you and your fellow deadenders who wake up in November and find your little phony world of non-existant WMD and propaganda is finally over. The failure president will go back to his ranch and cut brush like he did as OBL was preparing to attack the USA. Barak is Gods answer to the bush failures over the last eight years.

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Heh, fact is, Madverts, the economy under Bush is WAY better than the economy under good ol' Jimmy.

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Veuillez m ´excuser as they say in your part of the world, Adverts, but the appropriate response is to point out that Congress' rating is even lower. Yet everyone expects the Democrats to make gains there come November.

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Let me see McCain is saying he's going to balnce the budget and cut spending while Obama is going to "stimulate" the economy with more spending and programs. I want to see Obama outline where the money will be coming from for all his new spending programs. It just doesn't add up as he's promising a little handout to almost everyone. McCain is right on this one, the deficit is killing the dollar among other things.

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Sarge, you are correct on the economy during the Carter years, one of the worst times in US history barring the great depression. Let's hope we avoid that Carter era goody stagflation.

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USAexpat - "I want to see Obama outline where the money will be coming from for all his new spending programs."

Just in case you missed it, Obama wants out of Iraq.

Once the costs of redeployment are paid for, he'll have upwards of $15 billion spare a month.

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Once the costs of redeployment are paid for, he'll have upwards of $15 billion spare a month.

So you are definitely voting Obama then?

I reckon that Obama, with his worldwide popularity and his rock-star status, would have no trouble getting Iraq,its neighbors and even Europe to help defray the costs America incurred freeing that nation of Saddam and defeating al Qaida. I wouldn't be surprised if Canada and Australia pitched in. On the downside, since he is a Democrat, it is possible that he'll scrap certain free agreements that have so greatly benefited Canada Mexico Japan China India Australia Vietnam Russia Central and South American nations these last 7 years.

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"the costs America incurred freeing that nation of Saddam and defeating al Qaida."

Uhm, bud, al-Qaia were put in Iraq by the invasion. And they 'aint been defeated.

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Madverts; they were there already, hiding in the north.

If you had been watching Fox news instead of the liberal media you would know that.

The US ecomomy does not need reviving, it goes from strength to strength. McCain will continue Bush`s policy of high economic growth.

Obama would destroy our whole economy, with his welfare state policies, he hasn`t got a clue.

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Guys we know that the republicans have the answers to fix the economy. We have been blessed with a president who cared for the people. george bush:

Gave us $4,000,000,000,000.00 in tax breaks.

Blessed the pharmacetical companies with $Billions of dollars.

Passed the law that we couldn't buy drugs outside the US. So we pay 3, 4 or 5 times the cost that foreigners pay for the very same drugs. That includes the same drugs made outside the US, shipped in and then we're raped for drugs.

Started a war on lies. We'll owe over $3,000,000,000,000.00 for this fiasco.

Borrowed our future from China.

Damn, I'm having fun remembering all the things that george bush and the repoublicans have done for us.

george bush actually gave $30,000,000,000.00 and then an additional $160,000,000.00 to Isreal.

I think I could write so much more, but time dictates I stop. < :-)

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adaydream; Hey, nice liberal agenda your pushing here.

How about taking my stance, be objective and look at matters in a balanced way.

Better start viewing a real news channel that will give you facts, not soundbite lies.

George Bush has done nothing but good for the US and the world. The US is safer, richer and freer than at any other time.

We have also given freedom to millions worldwide. Way to go!!!

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Barack Obama …blamed “irresponsible decisions” by the Bush administration and Wall Street for the country’s economic woes

Partially correct: He conveniently failed to mention the Congress, the Federal Reserve, and the American people themselves. Is he too dense to miss that, or just too disingenuous?

Obama said the economy needs both short- and long-term fixes, including another round of “stimulus” measures… and a longer-term focus on renewable energy… and on universal health care...

Any stimulus package that doesn’t come from cutting the federal budget makes the problem worse. Also, long-term government interference in the energy industry and the healthcare industry will be an economic disaster for all future generations. In fact, it’s precisely government interference in these two industries that have driven costs we’re experiencing today.

We… have to provide some short-term relief,” Obama said. “People are hurting right now.

No we don't! U.S. citizens need to accept some short-term pain now to avoid much worse pain down the road. Most adults understand the idea of accepting an inoculation now to avoid a disease in the future. Could the U.S. leaders quit feeding us placebos? Also, I haven't profited from these bad loans nor have I compromised my financial future by going into debt. Why should I feel the pain to bail out those who haven't acted responsibly?

Present at the meeting were AFL-CIO President… former treasury secretary… former Federal Reserve chairman… former New Jersey Sen… Google chairman and CEO… New Jersey Gov… the former head of Wall street investment firm… Billionaire investor.

Let’s see who’s represented: unions, Federal Reserve, Senator, high-tech CEO, state Governor, Wall Street investment broker, and a billionaire investor. All of the people who stand to gain or lose from federal government interference in free markets. These people want to make sure the field tilts in their direction, even if that means most other American’s savings and efforts are de-valued.

John McCain said the culprit… was the administration’s wasteful spending.

Only partially true. Who does this idiot think authorizes the spending? It’s in the control of his own and Senator Obama’s branch of government. Has he forgotten that’s why we have a Constitution that distributed power among the branches?

As president, I have committed to balancing the budget by the end of my first term,” McCain said.

I’ll believe it when you do it.

We can’t afford… to keep on doing the same things we’ve been doing,” said Obama. “We have to change course… he offered few details about his plans.

Few details... I wonder why he won’t just come on out and reveal his change of course.

He warned his economic advisers that the current crunch was “a direct result of putting off tough decisions for too many years.

Amen to that Sen Obama. Are you going to eliminate all forms of foreign and domestic welfare? Both individual and corporate? If not, you don’t really represent a change – only a shift in focus. Are you going to get us out of the Social Security mess? We simply don’t have the wealth as a nation to offer welfare to anyone. As an individual if I’m up to my eyeballs in debt how can I bail someone else out of their financial troubles? Why do we think our nation can do what’s impossible? It isn't rational.

I’ve laid out an economic strategy in this campaign that I think will provide short-term relief and long-term growth,” Obama said.

Is there an official web site where I can read Sen Obama’s economic strategy? Thanks in advance.

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We have given freedom to many world wide is right, but not under Bush

But freedom is nice of us to give. I am looking forward to seeing the people of Iraq free, but on the other hand, we can only wait and see what that freedom will be. Then count the casualties involved, not only US GI's but also innocent civilian lives lost in Iraq.

By the Way. FOX News sucks in my opinion and very much right wing. If it is major News networks one want to mention, I think CNN would be the best chioce for non Bias reporting, except they to do not give us all the news.

There is the left leaning MSNBc and then the Radical side of the Right. FOX News..

But to base anything of of FOX News, that is halarious and just shows what a follower one can be instead of basing issues on facts and not deception and lack of reports to know the truth.

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PS Betzee, you can say excuse-moi to me. Never been keen on all the formal stuff...

I was trying to impress you with my sophisticated command of French. As for the state of the US economy, GWB recently observed on camera, "Wall Street got drunk. Now it's got a hangover." The American people are going to pay a big price for electing a man with no more sophisticated understanding of the situation than that.

Voters will have to assess the relative merits of the two candidates' platforms. In the case of McCain, that will be difficult since he's indicated nothing more than that he intends to end the Congressional practice of "earmarks." It's hardly enough to balance the budget especially since he reversed himself on the GWB tax cuts.

Bottom line: Getting us out of this mess will entail raising taxes and cutting services no matter who is elected.

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Betzee; Only Bush then McCain can save us.

They are experts on the economy and are both honest guys.

Obama would decimate the economy, only helping his liberal friends and new friends from abroad. Guy is an oaf, but people are seeing that now.

Wat to go McCain!!!

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Bottom line: Getting us out of this mess will entail raising taxes and cutting services no matter who is elected.

I agree with cutting services, but I disagree that raising taxes with get us out of this mess.

If the problem is the weak U.S. economy how will burdening citizens and businesses with more taxes strengther the economy? The government doesn't produce wealth - they just re-distribute it. We need business and industry to be stronger if we expect the U.S. economy to be stronger.

I certainly don't imply by this that I believe in any form of corporate welfare. I just think that it doesn't make sense to burden and dis-incent the very people and organizations that are needed to produce more wealth.

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Obama is a duck. A puppet for the insecure.

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If the problem is the weak U.S. economy how will burdening citizens and businesses with more taxes strengther the economy?

We're going to have to raise taxes in order to cut our borrowing which is part of the reason the dollar has sunk so low and, in the process, driven energy prices up.

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I just think that it doesn't make sense to burden and dis-incent the very people and organizations that are needed to produce more wealth.

Too much of the wealth generation during the past eight years has been on paper. That's a major part of the problem.

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Suge asserts: Only Bush then McCain can save us. They are experts on the economy and are both honest guys.

If they're experts on the economy I guess that makes me a genius. Actually, for all I know they may be experts. However, that would mean that they're doing what they're doing on purpose which would make it fraudulent and criminal.

Suge asserts: Obama would decimate the economy

I agree with you 100% here. However, if Sen Obama were to draw back from many foreign interventions we'd see a short-term boost to the economy. The decimation of our economy would show up long after his term is over as social programs that hang like a millstone around our children's and children's children's necks.

There isn't an electable party left that in action supports the Constitution or the ideals of small, distributed government.

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sdmsec; Conservative and you don`t trust Bush and McCain To carry on our countries growth?

These guys serve us to the best of their abilities, McCain has sacrificed so much for his country.

Our government is the most generous on earth, FACT!!!

We are obliged to help promote freedom, and we do that wherever possible, with the minimum lose of life.

I suggest you start viewing FOX news and gain a more balanced view on the current adminstration.

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Betzee,

Thanks for your responses. I've recognized that you try to give reasoned explanations when you post, and I appreciate that - even though I often disagree with you.

We're going to have to raise taxes in order to cut our borrowing which is part of the reason the dollar has sunk so low and, in the process, driven energy prices up.

I agree with you that we desparately need to stop going deeper into debt. I agree that the dollar is headed to the toilet. However, I think we can begin to not only balance the budget but to pay down the debt by simply cutting out foreign aid completely followed by eliminating social programs over time (10 years maybe?). We need to ween people off of government dependence in all its forms.

Too much of the wealth generation during the past eight years has been on paper. That's a major part of the problem.

I'm not sure how this relates or refutes my claim that increased taxes will burden and dis-incent the very people needed to generate wealth. The bottom line being that nothing will generate "real" wealth (as opposed to paper wealth) except producing something with "real" value. That's what entrepreneurs (sp?) and businesses do.

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If the problem is the weak U.S. economy how will burdening citizens and businesses with more taxes strengther the economy? The government doesn't produce wealth - they just re-distribute it. We need business and industry to be stronger if we expect the U.S. economy to be stronger.

As any neoclassical economic textbook will also tell you, a government which doesn't balance its books runs deficits. And deficits eat into future wealth.

But all that doesn't really explain much without reference to the specific context of our current problems. When GWB came into office, his first priority was a tax cut. This would stimulate investment and create jobs as our economy entered a recession. Well, the recovery turned out to be jobless (the reasons for this are debated) and the Fed left interest rates low. This led to too much cheap credit and too many investors, including homeowners, lost all sense of risk. Meanwhile the GWB administration kept trumpeting the "great economy" so people would forget about Iraq.

It was easy to sign off on the war, no sacrifice was asked of most Americans. The Iraqi oil would pay for everything. When that did not prove to be the case, GWB was not in a position to ask for a tax increase. Instead he borrowed heavily to finance the ongoing conflict which has now exceeded his estimates by a factor or 10 as reflected in his 5 trillion dollar contribution to the national debt.

After it became apparent how much bad lending had fueled the inflated book value of assets, the American banking system looked kind of wobbly. Yet Uncle Sam had no choice but to bail it out since foreigners had invested, motivated in part by American government guarantees. (America wouldn't have to rely on foreign lenders so heavily we saved more. But this goes against the consumerism which had engulfed our society.)

Government entitlement spending also goes mainly to the elderly who are no longer in a position to work. Many do depend on their social security checks (and Medicare of course). As we live longer, and the baby boom generation approaches retirement, the problem will become more pronounced.

There are issues where reasonable people can disagree. Should the dollar be strong or weak? Many thought it was too high under Clinton and depreciation was in order. This would help our exports. In fact we export very little and one factor which has encouraged out-sourcing of jobs is our employer-paid health care system. GM spends more on employee health care than steel, for example. Is this a greater factor in where to locate its plants than the value of the dollar? Well, I think so....

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To understand our present circumstances. I've studied the Nixon presidency closely. He was one of the most interventionist presidents we've had in recent times despite the fact he was able to swing the country to the right so soon after Barry Goldwater had failed.

He had no choice; he had to pay for both entitlements like social security and the Vietnam War (we couldn't very well hit the Chinese up back in those days) until we arrived at "peace with honor."

I would like to see some sort of legislation that makes it impossible to fund a conflict that exceeds a year on borrowed money. If it's worth paying for, then let's pay for it now. Don't defer the cost to future taxpayers to whom the defense "well you wish Saddam was still in power" will mean nothing.

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Obama cannot help the economy, no skills at all.

A dream ticket to boost the economy would be McCain and Neil Cavuto.

The stock market would go up 10% the first week of being elected.

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Surge - "dream ticket to boost the economy would be McCain and Neil Cavuto"

Nah, Neil's got too many health problems. The ticket already has enough health problems with McCain on it.

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Betzee,

I appreciate the analysis, and I agree with it.

Perhaps I didn't make it clear earlier that I agree we need a balanced budget (or better yet a surplus to allow paying down the federal debt). I think it would be much more productive to achieve these goals by eliminating foreign aid altogether (including the Iraq war) than by raising taxes (for reasons I've stated earlier).

Anyhoooo... I've also wondered about the tenuous link between employment and health insurance - what is the relationship really? I can't quote a reliable source, but I've read somewhere that the government pretty much dictated that companies of a certain size had to offer health insurance to employees - creating the HMO boom. It's no wonder that we've lost personal freedom in our healthcare once the responsibility was removed from the individual and placed in the hands of an organization.

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Anyhoooo... I've also wondered about the tenuous link between employment and health insurance - what is the relationship really? I can't quote a reliable source, but I've read somewhere that the government pretty much dictated that companies of a certain size had to offer health insurance to employees - creating the HMO boom. It's no wonder that we've lost personal freedom in our healthcare once the responsibility was removed from the individual and placed in the hands of an organization.

HMOs were supposed to the the market solution to all the problems which nearly brought us national health care in the early 1990s. Yet they have many of the same problems of national health care systems. Doctors have no financial incentive to specialize. Sooooo, if you need a specialist, you may have to pay out of pocket.

Premiums have been rising and some people (not everyone) link this to the poor job market. Businesses aren't going to take on anybody whose employment can't justify the company health care package.

For a business which outsources jobs, it will probably have to pay into the host country's health care system. But in the cases of India and China, it's much cheaper because they do far less for their citizens than their American workers expect from our health care system.

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Amen. It seems like the healthcare industry would be greatly simplified, more free, and less expensive if we just went back to paying for routine stuff out of our own pockets and purchase insurance for catastrophic medical events.

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The legacy of GWB's victory is that you've got to offer a tax cut to get elected. McCain, who initially did not support the Bush tax cuts, now wants to make them permanent. Obama, by contrast, wants to give tax relief to working families.

The real lesson should be tax cuts are often based on fuzzy math, or unrealistic revenue projections, which leave the government even deeper in the hole. This is how we ended up where we find ourselves.

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zurcranium says: Hoover was a republican and one of the models for the bush trainwreck administration.

so why is Obama modeling his economic policies after Hoover's?

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A tax-and-spend dogmatics claimst to "revive the economy". That is so ludicrous one could not make it up. No nation has ever taxed itself to wealth. None. Ever. Never.

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