Do you think Obamanomics has failed?

Question

"Add Obama's determination to raise everybody's taxes by allowing the Bush cuts from 2001 and 2003 to expire Jan. 1, 2011, and it's easy to why banks, businesses and consumers are hoarding trillions of dollars that could otherwise spur economic growth. And we haven't even addressed the destructive effect on economic growth of Obama's nationalization of major portions of the economy, including the banks, health care and the auto industry.

The economy is stalling, unemployment seems stuck at European levels of idleness, the federal deficit and the national debt are at historic highs, public confidence in Congress is at its lowest-ever level and big majorities of Mainstream Americans say Obama has the country on the wrong path. Obamanomics has failed miserably and it's time for everybody in this town to admit it so we can move on."




Source:
http://www.washingtonexaminer.com/opinion/Time-to-admit-Obamanomics-has-failed-1008050-100154469.html

Connie · Accepted Answer

Yes......BIG TIME!!!!! It will be expired tax cuts PLUS record tax increases for all.......

Anonymous · Answer

Nope.

Reaganomics? Yep, that failed spectacularly and that is why we are in trouble, it has little to do with Obama's policies.

That "opinion" article doesn't take into account slowed job losses, rising stock market, or the growing economy. Believe the lies if you like, it only make you look foolish.

If Obama economics had failed the job losses would not have leveled out and the DOW would not be above 10,000 and there would not be 3% growth in the economy.

? · Answer

No.

What we are experiencing right now is a little thing from Reagonomics 101 called "The Trickle Down" theory, or the lack there of.

.

Curtis 1911 · Answer

No,,,,obamanomics is doing just what obama and the congressional democrats want,,,to grow government, to payback big labor union, and to create a huge dependency class with lifetime unemployment while destroying as much capitalism as possible.

obama is using the stimulus money as his own slush fund to buy democrat votes with.

Because we all know everyone getting a government paycheck votes for democrats, and big labor union gives big money to the democrat party.

DukeofDixie · Answer

I would say so, our future in Obama's OWN White House projections are awful, the pink bars are Obama's, the red bars are the Congressional Budget Office and probably more accurate
http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/
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Anonymous · Answer

It was never working in the first place.

Billy Blaze · Answer

You really don't understand what the word "opinion" means, do you?

Anonymous · Answer

well its not easy to straight up what bush a fail screwed up ! ...


iam a conservative ...bush screwed us

Dapper Dan Man · Answer

Too soon to tell.

.

Anonymous · Answer

I KNOW it has failed.

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Do you think Obamanomics has failed?

12 Answers