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ARE EXTREMELY HIGH INTEREST & UNEMPLOYMENT RATES & OUT OF CONTROL INFLATION the "CHANGES" OBAMA has DELIVERED?
The most dangerous driver of interest rates, however, is the U.S. budget deficit and the tremendous flows of debt coming out of the Treasury. This is simple economics – flooding the credit markets with U.S. debt means driving prices down and driving interest rates up. Bond market “vigilantes” – those major institutional buyers of government debt impervious to soaring rhetoric and political promises – have reawakened and want to see concrete steps toward getting the $2 trillion deficit under control.
Rising interest rates, for whatever reason, are a very real threat to the hoped-for economic recovery. The housing sector appears to be near stabilizing, but this progress can evaporate quickly if mortgage rates shoot up. There are only a couple actions government can take at this point to ease interest rate pressures.
10 Answers
- Anonymous1 decade agoFavorite Answer
That's the change Obama was hoping for. But I think that the lame-o's who voted for him had something completely different in mind. The funny thing is, they still don't get it.
- good guyLv 71 decade ago
you are wrong on all counts and it is considered good practice to cite the source of your "additional comments"---you plagiarized this material. That said, "extremely high interest rates? Are you serious? You must be about twelve years old if you think interest rates are "extremely high"---read a history book and you'll learn interest rates are at all time lows, and anyone who had a home mortgage back in the 80's will tell you the mortgage rates ran in the 15-18% range. And your scary "out of control inflation" ---while possible in the future---is not present at this time. And yes, employment is increasing, but certainly not "out of control"---and is due to manufacturing going overseas, something the president has no control over. I'd explain the changes obama has already made, but you are too closed minded to accept reality. No matter, there is one thing that hasn't changed at all, and that is the right's continual berating of obama. The funny/sad thing is you don't realize how bitterly childish your belittling sounds.
- Anonymous1 decade ago
What are you babbling about? If you thought the deficit and unemployment problem was going to get fixed in 6 months or less then you've been living in fantasyland. I was watching the news yesterday and even the GOP said that he was moving too fast on health care. Obviously the guy is trying to get stuff taken care of as fast as he can. So why don't you be part of the solution instead of just crying and whining when Obama does something you don't like?
- 1 decade ago
Obama is responsible for this, yet the Libs will always blame the Repubs. This is what happens when the uneducated, felons and illegals get to vote.
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- Anonymous1 decade ago
Don't forget partisan politics and higher taxes to pay for it all.
