Manhattan Buckeye;852051 wrote:^^^
I think that was a bit harsh. That said, Obama needs to fall on his sword, he's incompetent and the country will continue to suffer while he's in office. There is no confidence in the American economy currently, we need strong leadership and government action (or inaction) that builds businesses and industries, not the opposite. What is getting us out of this mess? Social networking?
Harsh, eh?
Here's harsh: Just checked my 401k and it's worth $10,000 less than just a week ago. I'm not going to go through what I did in 2008 and "let it ride" all the way down 50% this time. I'm certain my losses pale in comparison to those who are much closer to retirement age. Barry inspires no confidence, gives no assurances, provides zero leadership, and has basically hidden since he signed his grand compromise debt legislation in secrecy.
I'm not blaming him solely for my losses this past week, but he IS responsible for the wanton disregard for fiscal stability and providing incentives for business to hold tight to their money. In this recessionary business environment we find ourselves, he has no clue as to how to turn it around as he and Bernacke are out of socialist ammunition. Their cure isn't working and won't work. They need to try a completely different brand of medicine and they refuse. The real question is, why won't they?