Quote:
Originally Posted by afc wimbledon
He didn't piss it away, yanks have a magic belief that their politicians can fix everything even though they don't trust them, it was Obama's bad luck to be in office through the years that americans realised they are broke and mostly owned by China and that there is no magic fix to get them out of the mess.
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Obama did little to help the unemployed in the States in his first 2 years other than increase unemployment weeks. He spent that time and political capital working on Obamacare. He bailed out the banks and invested in GM. Obama then invested in green energy which so far has produced no benefits. Obama gave money to States which protected union jobs at least until the money runs out. Very little infrastructure spending was done which would also be temparary but, at least leave a benefit behind for the tax payer.
A year ago last November the Republicans won the House with tea party candidates who promised to balance the budget. Obama is on pace to spend more in his first 4 years than Bush did in 8. Never before has America seen multiple trillion dollar increases in debt so quickly.
Since January of 2011 Obama has been doing everything in his power to gain more access to borrowed money. He has to the Republican's shame had some success. The debt limit was raised in the summer and is about to be raised again.
Obama has been basically campaigning since the spring with a message that Congress is what is holding him back from fixing everything. He blames them for not letting him tax the rich more. He blames them for not letting him have more money to stimulate the economy. He blames; he blames; he blames. The question is will American's believe him and ignore the 15 trillion in debt his government helped create.