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Why does Obama want to destroy the US economy?
He is running huge deficits that will sooner or later plunge the US into a decline like Argentina had after 1930 which plunged it from a very prosperous country to what it is today. Obama knows his deficits will destroy the US economy(his advisers are smart enough to know it) but he keeps spending and spending.
His energy policy seems to be subsidize doomed green energy programs with tax payer money and put obstacles in front of all fossil fuel production, distribution and refining. This strategy is doomed to fail and Obama knows it(his advisers are smart enough to know it).
He is over regulating everything and making all US industry noncompetitive. He knows he is destroying US competitiveness (his advisers are smart enough to know it) but he keeps adding regulations.
Why is Obama so determined to destroy the economy of what had been such a prosperous nation?
13 Answers
- DynaFlowHumLv 79 years agoFavorite Answer
As a native born Kenyan, Obama's loyalties are not with the United States.
- LibraryFanLv 49 years ago
He wants to destroy it because he desires to rebuild it as a socialist economy. He is laying the groundwork for being able to say that corporations are the enemy, and that only with GOVERNMENT can any sort of business succeed (thus his touting of the Detroit automakers' slight revitalization after the government takeover).
- Anonymous9 years ago
the truth is better than your fiction:
"The government's jobs report for February, due on Friday, is expected to show non-farm payrolls added 210,000 jobs last month, according to economists polled by Reuters, after gaining 243,000 in January.
That would mark three straight months of solid job gains.
The U.S. unemployment rate is seen steady at a three-year low of 8.3 percent.
It would also be further proof the economy is on the upswing. Among recent upbeat data was last week's report showing gross domestic product expanded in last year's fourth quarter at an annual rate of 3 percent — the quickest pace since the second quarter of 2010."
now what?
- whtennisfan115Lv 59 years ago
All your question shows is that it is easier to make claims then to adequately back them up. Nothing you have posted has demonstrated INTENT to destroy the US economy.
Why don't you complain about the advisors that prompted Bush to initiate his bailout? They believed that doing nothing would destroy the US economy.
What makes YOU more right then all of them?
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- Anonymous9 years ago
Obama, you're supposed to act with America's best interests at heart, not any other nation's,
- Anonymous9 years ago
Obama. A new nation
- Anonymous9 years ago
Because that's the FOX FAKE "News" lie you LOVE SO MUCH.
How does it feel to be a buttboy for the Billionaires?
- 9 years ago
I honestly think he dislikes America's present system, and its role in the world.
- yogabbagabbaLv 59 years ago
I dunno. Bush was so great with balancing the budget I guess he just wanted to be Mr. Opposite.
I need to learn to stop wasting time with sarcasm here.