Quote Originally Posted by Rick Scarf View Post
Temporary bandaids to perk up the economy for the next year or so, while ignoring the underlying causes. He'll probably get re-elected because he wants to help the teachers, firefighters, middle class, tax the rich their "fair share" etc. But he isn't making any attempt to get credit flowing again by looking at the system of capital reserve requirements or the fact there are only a handful of large banks anymore where these used to be dozens and dozens. Too much government tinkering and attempts by the Federal Reserve to devalue our dollar to boost exports is the real problem, because it leads to market uncertainty which causes investors to be weary of any long-term investing.
If it passes, things will tick up a little, artificially outside of the free market system, and he might just be re-elected because of it. If it doesn't pass because the Republicans block it, he will run on the Truman podium of a "do-nothing Congress", so really this works out ok for Obama either way, and you and I will just be deeper in the hole in a year or so.
hey quit being racist