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Wasn't obama going to rebuild the economy from the bottom up?

If so, why is he giving all of this money to banks and corporations instead of giving money to just us ordinary people?

Update:

milly sorry not a troll. just asking about something obama said during the campaign.

7 Answers

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  • ?
    Lv 5
    1 decade ago
    Favorite Answer

    Obama is only interested in making himself into a celebrity and giving money to his cronies.

  • 1 decade ago

    Obama has been listening to the economists with different points of view, the experts agree that the best way to get the economy back on track is to get the banks working the way they are supposed to. It has nothing to do with who deserves the money or not, just what will help the overall economy, so that the whole country, and actually the whole world, will recover. These are not normal times, normal policies will not work until the economy recovers. That's why, for example, even if you don't believe in huge deficits in general, they are necessary until the economy starts to grow. We need jobs, and we need banks to lend money. I think that giving money to the states will help out tremendously, they all are having budget crises without the resources the feds have.

    Source(s): I have a bachelor's degree in Economics
  • Anonymous
    1 decade ago

    Cause Obama is a puppet..hes not going to solve anything...all he was meant to do was to get the American peoples hopes up after dealing with a retarded president like bush. Don't expect much from the American government. Put your faith in them, and you'll lose.

  • Anonymous
    1 decade ago

    Because if the banks and corporations go under, the bottom that he's starting from drops lower.

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  • 1 decade ago

    That's what he thinks is the best for the country, unfortunately i don't think wasting trillions of dollars is doing us any good.

  • 1 decade ago

    Rebuilding from the bottom up requires the help of the Repuglycans in Congress, and they are unwilling, for political reasons, to help. Don't blame him; blame the party of 'NO!', the GNOP, as in 'Got NO Plan'.

  • Milly
    Lv 4
    1 decade ago

    Yeah, why hasn't he done it yet? Darn him! He's been in office for nearly 100 days now!

    Source(s): I ain't gonna pay your toll, troll.
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