Won’t disagree with some lack of specifics from Romney. But on the flip side, you have to ask yourself, is Obama’s plan working? the answer is no. the unemployment rate is lower, but that’s bec. of millions more people dropping out. Millions added to food stamps and govt support, even if the stock market has done better.
Obama himself literally promised a ~5% unemployment or he said himself he should be a 1 term president. He didn’t exactly make good on that did he? After convincing yourself the other guy is shady, you naturally default to Obama. People don’t question enough the track record of their own candidate.
So you voted for 4 more years of the same, and that’s your right. Now, we’ll never know what Romney can do. You took the gamble that the same stuff going forward will work. I’m just not as convinced.
Do you think food stamps and government support (for those that got bailed out and others) are a bad thing? I understand that there are those who will never have the drive to work or had a traumatic event in their lives that prevents them from wanting to work but I think with Romney in charge, the cuts in those areas would be coming. When people say he does not understand I will give you a shining example, you cut welfare and guess what happens then? Those with not enough will be at your front step with gun in hand waiting for you to come home…Welfare it seems keeps those without enough happy enough. I have seen it, I grew up around it. Give them any less and we will have problems.
It amazes me that people in finance continue to think the president has the power to somehow delever a nation after a 20 year bubble without the pain that comes with. I maintain that Obama is doing a good enough job on the economic front. Certainly, it doesn’t warrent the whining. Furthermore, republicans often say, well, unemployment sucks, while acknowledging the severity of the bubble and the fact that their candidate has no clear plan, and then go on to say Obama somehow failed economically without clarifying how. We have a stable. recovering economy in the midst of a global recession, how much better can you do? Yes, growth has been slowed by European deleveraging and a Chinese deceleration. But we’re still one of a handful of non-BRIC countries growing. The president can only provide stability and the atmosphere for growth alongside some deficit spending to encourage a recovery. Beyond that, it’s wait and watch, much as a doctor can provide the medicine, but can’t waive a magic wand.
Not sure why people keep using deleveraging as the “end-all argument”. Get people jobs and working, and a lot of problems start to go away. People have lived with leverage for many years, and it’s just fine as long as people have a job to pay for it. Even if you deleveraged everybody, killing off debt without a job still doesn’t do crap for people. So “deleveraging takes a lot of time” sounds very much like an excuse.
Obama’s experience is govt. Romney’s background is in business and the private sector.
Which experience will give the person a better sense of what actually creates jobs?
You are vastly overestimating the Presidents ability to create jobs
You have the risk of a major monetary contraction, and they’ve managed to keep the economy afloat despite it and other threats such as the Euro deleveraging BS mentioned.
There’s no magic button you push and people suddenly jump back to work. Economic activity takes time to grow.
The only way you could “put people back to work” would be through some random government-funded project designed specifically to hand out money to workers.
To the original poster, I don’t really understand it either. FB is totally onfire with everyone jumping for joy and actually having real to life emotions about it all. It don’t really understand the concept of identifying with “a side” and then feeling personally attached to that conceptual thing. It’s seductive, but it’s retarded.
The only FB post I found interesting was this quote
“When people put their ballots in the boxes, they are, by that act, inoculated against the feeling that the government is not theirs. They then accept, in some measure, that its errors are their errors, its aberrations their aberrations, that any revolt will be against them. It’s a remarkably shrewd and rather conservative arrangement when one thinks of it.” - John Kenneth Galbraith
Well, the Munger family is heavily invested in California politics, driving measures to raise taxes. I don’t think either Buffet or Munger have ever been fans of Wall Street or the general investment industry. I just think when business powerhouses like the Kardashians, Steve Jobs and Buffett are behind Obama and you’ve got to heed notice.
20 years ago people were embarrassed and ashamed to be on welfare, unemployment and/or food stamps, but today they think it is their right. They are better off sitting on their ass and collecting checks every two weeks than going out and working and actually paying taxes and into the system. Who is to blame for that? Is it Obama for allowing this or is it Bush’s fault for the shitty economy over the past 10 years? Everyone is to blame in my opinion, but until we stop letting people live for free without doing a fucking thing nothing will be solved and we will grow deeper and deeper into debt.