Avinash_Tyagi said:
ironman said:
Avinash_Tyagi said:
ironman said:
Avinash_Tyagi said:
ironman said:
Avinash_Tyagi said:
halogamer1989 said:
No, it is not the end of the world. I can tell you one thing, though. It is the end of Obama--that much is almost a guarantee. Mitt Romney 2012. |
Actually Obama will likely win reelection easily, the state of the economy in 2012 will pretty much guarantee it
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lol what? his numbers are dropping, he will easily get creamed...unless the GOP pops out another John Mcain *shudders
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his numbers dropped because of rising unemployment, but that's nearing the peak, unemployment will begin dropping next year, by October 2012, three years from now, unemployment will be back around 4-6%, at which point his numbers will be back in the 60's, minimum, lol
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Doubtful, unless he creates a bunch of pseudo government jobs...which I believe he is planning on doing, meanwhile, the private sector will shrink even more. I don't see him getting a second term.
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ROFL, even if they started creating government jobs it wouldn't matter, think for a minute, the main engine of the economy is consumption, and consumption is based on people having disposable income, even if you have a government job you spend money on goods and services, when companies sell more goods they expand their production to meet demand and hire more workers, so it doesn't matter, at the end of the day the economy and private companies grow and employment rises, thanks for playing.
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Of course you forget that government jobs are funded by the private sector. The system that he wants to put into place is unsustainable. I'm suprised you don't know that.
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No, actually its covered by deficit spending and tax revenue, which is sustainable in the short term, other countries continue to cover our deficits, and will for the next decade or so, as US is still the most important single market WW. Actually a lot of private companies rely on the government for their funding, government contracts, so you've got it backwards.
Once we get out the the recession and our economy is churning along, at that point we'll need to cut spending and raise taxes and begin paying off debts, but that is a while off.
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Actually, many countries are starting to turn their backs on us. So what happens when Obama's government jobs are the majority, The rich business owners will shut down because their taxes will be too high (and let's face it, a millionare can retire early) and the poor ones will go out of business, then who is left to pay taxes? guess what, the whole system comes crashing down, and we ge another recession, only this time, nobody lends us money...what do we do then? Obama and congress are spending way too much, and subsudising too much. Let the free market work and it will rebound, it always does, it's when government gets involved that the process slows down. I say cut spending, stop subsidizing businesses that were irresponsible, lets get our year or so of pain, and get back to living life.
