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? asked in Politics & GovernmentPolitics · 8 years ago

Can we credit Obama for killing Bin Laden,doubling the Dow,and getting us out of the housing and banking mess?

Not to mention saving GM, which is now in the black!

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  • 8 years ago
    Favorite Answer

    Yes, Obama gave the order to get Bin Laden, just as virtually every American would have. The way Obama has bragged about it, you'd think he pulled the trigger himself.

    Yes, after first tanking the DOW thousands of points, Obama has doubled it since it's low in his first term.

    The Banking and Housing Mess was fixed by TARP, a Bush program.

  • 8 years ago

    Killing Bin Laden, yes. The rest, no.

    You will have to explain just HOW Obama is responsible for doubling the Dow, at least in a good way. First, corporate business profits started recovering in late 2009. The stock market recovered, although not to record levels, in the beginning of 2010. Why did it recover? Because it like all those corporate profits. However, corporations amassed those profits because they were unwilling to expand under the business-hostile environment the Administration created. If you don't spend money, it builds up. In addition, The Fed saw that the Administration was not helping in recovering the economy, so it felt it had to. It lowered interest rates to near zero. This made bonds less attractive for investors than the stock market, increasing stock market activity. The Fed also was pumping liquidity into the economy. All this resulted in a sugar high the stock market as been operating under. How could you miss the reporting of the stock market gains, "The stock market is in record territory. We don't know why, but they are!"

    If you want to credit Obama for "doubling the Dow", OK. But only in the same way Inspector Clouseau catches his man, by incompetent action so bad, it's good.

    Just HOW after 5 years, has Obama policy been the one to get credit for getting out of the housing crisis?! I don't even know how you come up with giving Obama credit for "getting us out" of the banking mess. That was done a year earlier by TARP, under Bush.

    The GM bail-out? Notice Ford didn't need one. Obama inserted government into a bankruptcy that gave preference to the unions, that were part of the problem with their crippling pensions and benefits over SECURED investors in the company. Going through actual bankruptcy proceeding does NOT mean the end of a company. It means the harmful obligations that is dragging the company down, can be renegotiated, a rough, cleansing fire but with a future. What this did was add further uncertainty in secured investing and lost billion of tax payer money that won't be coming back.

    It also make government a silent partner in GM, forcing green energy policy on them, much of it has flopped. This is the business model government would like to have for business, government controlling interests or "partnership" in making business outlets for government socioeconomic policy, even it it fails.

    You are being led by the nose in blind followership of Obama, oblivious to the consequences of the agenda to admire. At the very least, he says he will make the tide go out. After six hours he does and you cheer.

  • Greg
    Lv 7
    8 years ago

    Yes.

    No. The Fed printing truckloads of money (which obviously devalues the dollar) was largely responsible for that.

    No. "The housing mess" was mostly resolved at the expense of virtually everyone with an investment of any kind. It was resolved by taking their money.

    No. Banking is STILL an unregulated mess. Bring back the regulation that prevented this "mess" from happening since it LAST happened (the Great Depression) and then it will be resolved.

    No. And GM may be in the black..... but they still owe the American taxpayer piles of money.... we the people still prop up this company. I won't give anyone credit for fixing GM... until that is no longer the case.

  • mark
    Lv 7
    8 years ago

    No Lets credit the Republican congress instead. Just look at the long list of accomplishments of the 112th and 113th congress. Here let me list them

    1) Repeal Obamacare

    2 - 38) Repeal Obamacare again

    39) Fail to extend debt ceiling and cause the US credit rating to be downgraded

    Hell, That's 39 accomplishments

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  • IceT
    Lv 7
    8 years ago

    For killing Bin Laden? Yes and we can also credit Bush for his use of enhanced interrogation techniques for getting the info that ultimately led us to Bin Laden so O'Bama could kill him!

    Doubling the Dow? No. That is the doing of Ben Bernake and quantitative easing (printing money). The money is injected into the economy through the stock market which helps rich people. I find it interesting that the Left claim to be for poor people but are OK with a Democrat admin making rich people richer!

    Getting us out of the banking mess? Yes. They took the TARP money which was supposed to be used to help people keep their homes and gave it to the rich, banks, Wall St., 2 car companies, and the unions. Once again the Left is supposed to be for poor people and yet here we are again with a Democrat admin bailing out rich people directly at the expense of the poor!

    Getting us out of the housing mess? No. What did he do to get us out of that mess?! They took the TARP money which was supposed to be used to help people keep their homes and gave it to the rich, banks, Wall St., 2 car companies, and the unions. Once again the Left is supposed to be for poor people and yet here we are again with a Democrat admin bailing out rich people directly at the expense of the poor!

    Saving GM? Yes for now. They took the TARP money which was supposed to be used to help people keep their homes and gave it to GM. Once again a Democrat admin. bailing out rich people directly at the expense of the poor! If GM is really in the black when are they going to pay back the more than $10 billion they still owe taxpayers?!

  • Edward
    Lv 7
    8 years ago

    GM is in the black after tax payers lost billions buying there crappy stock.

  • ?
    Lv 7
    8 years ago

    no we cant, bin laden died in dec of 2001, an as for the other items, that remains to be seen

  • Anonymous
    8 years ago

    Yes, of course.

  • Anonymous
    8 years ago

    Yes. The other side would have made it worse.

  • ?
    Lv 5
    8 years ago

    Before or after he takes credit for:

    - Largest budget deficits in human history.

    - Largest increase in health care costs in human history.

    - 10% decline in real income.

    - Record number of Americans in poverty.

    - Record number of home forclosures

    - Worst workforce numbers since Jimmy Carter

    - Net loss of 5 million American jobs

    - 100+% increase in energy costs

    - Record number of Americans on food stamps

    - First and only credit rating downgrade in US history

    - Worst environmental disaster in US history

    - Worst intrusion on privacy in US history

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