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Robert
Lv 5
Robert asked in Politics & GovernmentElections · 8 years ago

Is there anyone left who doesn't believe the Barack Obama is DELIBERATELY trying to destroy the economy?

Well if there is, his latest boondoggle should convince you! What caused the economic mess that we are in now? The government forcing lending institutions to make loans to people who couldn't afford them!!! We haven't recovered from that fiasco yet and what is Barack Obama doing now?? Encouraging banks to make loans to people who can't afford them!!! Wake up America. He can only get away with this if we go along with it!!!!

Update:

The economic mess we are in now was caused by the government coercing lending institutions to make loans to people who couldn't afford them. Barack Obama did not start it. It started long ago. Barack Obama took over a big big mess and turned it into a disaster. If you think that the stock market shows a robust economy you know no more about economics than Barack Obama. He has done everything he possibly could to STIFFLE the economy. He had lots of help from Ben Bernanke. As a matter of fact the mess he has made would not be nearly so bad without the help of Ben Bernanke. Bernanke's printing phony money had almost as much to do with making a bad economy worse as Barack Obama. If you think the housing bubble was bad, just wait until the Stock Market bubble bursts (and it will).

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  • 8 years ago
    Favorite Answer

    Obviously, most of the American electorate did not concur with your analysis.

  • ?
    Lv 5
    8 years ago

    You really said that. I seriously don't think so, he does have ethics, his ethics just doesn't make any good sense sometimes to any of us who have problems with his ethics, that sounds almost like coercion and that is illegal as putting a strong arm on folks to commit fraud.

    Ask him and listen to what he says, maybe or maybe not it clicks. I am disappointed with him, and what he does in that seat, is of our own doing, we let him get elected and it's almost over, same goes for the Clinton's if you remember the way they ripped off those folks in Arkansas when they were in office and so many other ridiculous financial BS moves. Then there was both the Bush men and how they got us into wars we still fight for oil. Now what do we do about other things that even happened during Reagan, hey Nixon, and Carter, these are all lessons and we still seem to elect horrible presidents.

    Start looking at these fools, we are as much at fault. It's not fun, when these things happen, we are the little guys that go to the poles and vote, we are the taxpayers that fill the banks that hold the money they are using.

    The United States will never be a 3rd World Country, we have too many ways to correct the mistakes, lets just do it, just don't vote for a good joke and a smile or for someone who holds up a baby and pretends to love people who have children and want an autograph or a picture of them.

    We are in a pickle and we can keep these men and their wives out of the White House so just do that and be careful - many are campaigning or about to right now. And why? They are working your butts, but not mine. :) (things will get better)

  • ?
    Lv 7
    8 years ago

    I see a few idiots left here that don't believe that. Anyone who believes that Barack Obama has had anything to do with the swing in the stock market is definitely not a Mensa member.

    Here is why the stock market is doing so well:

    Good economic news Tuesday helped lift stocks. Retail sales in the 17 European countries that use the euro rose faster than expected, China's government said it would support ambitious growth targets, and a report showed U.S. service companies grew last month at their fastest pace in a year.

    It is the wealthy that are feeling the gain because most of the middle class sold their stocks in the crash and their only wealth is in their homes if they still have them and they still haven't recovered from that hit.

    Read the truth about why the stock market is doing well on my link. It has nothing to do with Obama.

  • Anonymous
    8 years ago

    The 65% of Americans who are sufficiently patriotic to own US stocks probably have a real hard time believing "Barack Obama is DELIBERATELY trying to destroy the economy"...they have all seen whatever funds they have invested almost DOUBLE in value since Obama took Office...

    S&P 500 under Bush; 1343 to 805 (DOWN 538 points, or 46%)

    S&P 500 under Obama thus far; 805 to 1553 (UP 748 points, or 92% so far)

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  • 8 years ago

    I'm guessing you don't have much education and that you are very biased. While Barack Obama every move has not been perfect, he in fact has helped the country's economy greatly. Next time you want to make a political argument about something don't be so vivid on your opinion as this makes people not take you seriously by using words like "boondoogle". Research the market flux and unemployment rates of the last 15 years and then tell me who and what messed up the economy.

  • 8 years ago

    Yes. He wastes as much money as he can. He set up the American tax payer to take the fall again for bad credit borrowers to default again. I say let the damn banks fail. He is trying to end property ownership all together.

  • Anonymous
    8 years ago

    Yes.

  • ?
    Lv 4
    8 years ago

    Me. I do not believe that Obama is destroying the economy. Just because Fox News and other conservative media influences you to believe that it's not true. He is trying his best.

  • Anonymous
    8 years ago

    i think its gone downhill since LBJ myself

  • Anonymous
    8 years ago

    Your side lost, crying wont help.

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