Reply to You Own a Business? "You Didn't Build That," Says Obama

Forum Index » Political Discussion

Reply to "You Own a Business? "You Didn't Build That," Says Obama"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Only fools believe Presidents have magical powers to go poof and create millions of jobs.  Both Bush and Obama deserve credit for creating TARP, because this recession had the potential of being as catastrophic as the Great Depression of 1939-1941. Yes 1941, it took twelve years, Pearl Harbor and a world war to break the U.S. out of the Great Depression.

Ironically many of the causes of the Great Depression also contributed to our current recession. President Obama has done what FDR did before him and that has been to create jobs build the nation's infrastructure in the forms of improved roads and light rail systems, e.g. the Dulles Metro Line extension. Spending programs like this across the country are worthwhile and they will pay nationwide dividends decades into the future.  We lived on infrastructure improvements made in the 30s for fifty years or more. Some of those improvement from the 30s are still being used today.

It's unfortunate so much of presidential elections revolve around demagoguery.  I'm sure that Bain Capital did outsource jobs overseas. It happens all the time and it doesn't make Mitt Romney a bad man.  It just makes him a shrewd businessman. President Obama has create some jobs, but not enough to drive the unemployment rate down below 8%. BTW there is such a thing as ideal unemployment which is 4.5 - 5.0% so we are actually three points away from ideal unemployment, not eight.

Give President Obama the credit he deserves for being a good President and keeping us economically afloat during these past difficult years. Do that and it would be unnecessary to insist on seeing Mr. Romney's tax returns or counting the number of American jobs that were outsourced to foreign countries by Bain Capital while he was the CEO of the corporation. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics