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Originally Posted by Azure
Ever looked into the changes Obama made in the US educational system? After the atrocity that was NCLB, the changes he initiated might actually start the long process of fixing things.
His 'stay the course' approach in Iraq was also something he did right.
But these things are small compared to the economy. And I simply don't agree with the government spending a trillion dollars of taxpayer money that they don't even have and trying to jump start the economy.
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From what I understand, he's following the lessons learned from FDR in combating the Great Depression. Speaking of FDR.
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Like Hoover, he saw the Depression caused in part by people no longer spending or investing because they were afraid.
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Which led to his great quote,
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"The only thing we have to fear is fear itself."
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http://en.wikipedia.org/wiki/Franklin_D._Roosevelt
It's a gamble but it seems the only way is to give the economy a kick start and saving the banks and the leading industries such as the automakers, should bring some confidence. It's going slow for the US because congress refuses to make any real changes to Wall street and the banking system and big business is holding back investing.
It may be that the US emerges from this set back as not the pre-eminent economy, but out gunned by Europe and China.