Quote:
Originally Posted by Mavdog
why do these bloggers you keep posting desire to rip the obama administration for (to quote this one specifically) "The failure of Barack Obama to comprehend the financial crisis, let alone deal with it effectively, is crumbling the façade of his competence as President", when the current administration has been in office for a total of 45 days, and if anyone has been listening it is difficult to believe that obama doesn't "comprehend" what is actually happening in the economy.
in fact the actions, the words, of obama and those in his administration say just the opposite, they DO understand and appreciate the depth of the problems that confront our economy, and are trying to use each and every tool at their disposal to reduce the negative pressures that afflict it.
from increasing liquidity for lending to business to finding ways to alleviate the issues with home mortgages, this administration clearly is doing many, many things to stop the downward slide.
will their work produce positive results? don't know yet, after all its been FORTY-FIVE DAYS! geez.
I mean heck, clearly those who don't like obama revel in using the name "the One" for him, but he isn't a magician, and remember there wasn't really a wizard behind the screen in oz as wizards don't really exist...
reagan was not a wizard, and reagan's policies seem to be put upon a pedestal by many when in fact such adoration is not deserved. reagan did not get rid of stagflation by reducing taxes, stagflation was defeated by a severe drop in energy prices. reagan was guilty of huge deficit spending, just what these authors are quick to criticize obama for. reagan did reduce the income tax rates from where they were when he took office, yet the top tax rate proposed by obama is LESS than the top tax rate in reagan's terms.
give obama some time to see if his administrtion has responded correctly or not. to decide today would be based on inconclusive evidence.
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Leaders = Leaders are like Eagles, too bad we don't have either of them here.
Idiocy = Never underestimate the power of stupid people in large groups
Planning = Much work remains to be done before we can announce our total failure to make progress