Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
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?
milly sorry not a troll. just asking about something obama said during the campaign.
7 Answers
- ?Lv 51 decade agoFavorite Answer
Obama is only interested in making himself into a celebrity and giving money to his cronies.
- jerry wLv 71 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 - Anonymous1 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.
- Anonymous1 decade ago
Because if the banks and corporations go under, the bottom that he's starting from drops lower.
- How do you think about the answers? You can sign in to vote the answer.
- 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.
- tartu2222Lv 61 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'.
- MillyLv 41 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.