05-31-2011, 12:45 AM
Here's why I don't hate Obama. First, he inherited a fucking mess (economically, internationally, every which way). Has he completely turned the Titanic? No. But would I have expected him to do it in 4 years? No. As commander in chief, I think he's done well (again, considering what he inherited). From an economic standpoint...meh. I'd give him a B (again, considering what he inherited). I think he's overspending but I distinctly remember when he took over as President that leading economists (on both sides) at the time advocated pumping money in to the economy and were warning of some huge credit tightening/major depression if that didn't happen.
Much of the bailout money has been repaid, correct? And even though unemployment still sucks...would it have been worse if those measures hadn't been taken?
As ugly as it was, he pushed through some healthcare reform which has been argued for/debated for decades. Like or dislike Obamacare, at least SOME progress was made in healthcare reform. Too bad the bill had so many attachments that it made it a fugly mess. But that's politics.
I'm all for cutting spending but rather than looking at the 10-20% of the budget, I think we need to look at the 80% of the budget (including defense spending, entitlements etc.). And yeah, while I'd prefer an overhaul in the tax system entirely, I don't know why we should have tax rates now that are lower than those in the Reagan or Nixon administrations. There's no indication that the Bush tax cuts helped our economy (in fact, if you look at our current situation, you could say the reverse is true).
Much of the bailout money has been repaid, correct? And even though unemployment still sucks...would it have been worse if those measures hadn't been taken?
As ugly as it was, he pushed through some healthcare reform which has been argued for/debated for decades. Like or dislike Obamacare, at least SOME progress was made in healthcare reform. Too bad the bill had so many attachments that it made it a fugly mess. But that's politics.
I'm all for cutting spending but rather than looking at the 10-20% of the budget, I think we need to look at the 80% of the budget (including defense spending, entitlements etc.). And yeah, while I'd prefer an overhaul in the tax system entirely, I don't know why we should have tax rates now that are lower than those in the Reagan or Nixon administrations. There's no indication that the Bush tax cuts helped our economy (in fact, if you look at our current situation, you could say the reverse is true).
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