Quote:
Originally Posted by Azure
I find this position mind-boggling considering a lot of other countries are showing moderate to great signs of recovery.
How long are people going to keep saying Obama isn't at fault while the rest of the world starts moving forwards towards a better recovery?
When the only reason your unemployment numbers aren't even worse than they are right now is because of census workers and other public jobs being created, and the private side of the economy is faltering, me thinks some fault does lie in the direction the government is taking.
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The United States was the focal point of the financial crisis. Other countries had tighter regulations on the banks in place, the US had been going hog wild for while before the crisis.
Other countries also have the ability to act faster to make changes to the law necessary in order to stabilize the economy. In the United States, it doesn't work that way, it's a slow system by design that's been made much slower by a corrupt relationship between big business and State. As seen by the bail outs.
I guess I need to outline a distinction I've made in my mind but hasn't been clear in my posts. I don't think Obama has done well for the long term health of the economy. I think he has failed his supporters in that regard. He has maintained the cozy relationship with big business. He has terrible financial cabinet, giving him pro establishment advice that isn't fixing anything.
However, the economy in the short term isn't his fault and to blame him for it is ridiculous. He can hardly be at fault for the United States falling behind in its recovery, when the United States government is slow as molasses by design and the country most affected by the collapse. His bad long term policies will affect the United States down the road, but they won't have much of an effect on this economy. Short term, he's doing all he can: funnel money back into the economy.