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Andrew
Joined: Feb 3, 2005
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Is Obama trying to destroy the economy?
November 4, 2009 - 12:00 AM
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http://marketplacespirituality.com/2009/11/04/obamas-plan-to-destroy-the-economy/
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Olivia
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Re: Is Obama trying to destroy the economy?
November 4, 2009 - 04:31 PM
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i dont think so & he's a really great person i feel he not messing up it up
& hi im olivia
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Kabo Harold
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Re: Is Obama trying to destroy the economy?
December 15, 2009 - 08:43 AM
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It would be reckless of me to state that President Obama is trying to destroy the U.S economy. In all honesty, though he is trying to offset deflation by pumping liquidity into the market, his actions are going to have negative effects for the US economy in the long term. Free market capitalism works under theme of "creative destruction". In essence, businesses and countries undergo periods of cyclical booms and busts.
A recession/ depression should there be welcomed by countries as it allows the distortions and imbalances that occurred during the boom to be corrected. President Obama is not allowing the natural process of this boom-bust cycle to occur. As a result, the US dollar will be sacrificed, living standards in the US will decline and more economic bubbles will occur. When the economic bubbles pop, that will destroy the US economy, whilst the executives at Goldman Sachs utilize the golden parachutes.
This post was edited on: 2009-12-15 at 08:47 AM by: kaboharold
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