The damage to the US economy is almost impossible to fully recover. Corrupt business practices and dealing by bankers, politicians and Wall Street Stock traders over a long period of time led to the GFC. Obama is all talk and no action.
It will take years to fully recover from this recession. Unemployment rates are at 10% in most of the western world including US and mainland Europe.
For every boom there is a bust. It takes a long time to fully recover from the bust.
Obama's rhetoric is not going to drag the US out of the economic doldrums. Bailing out US corporations for them to possibly lose the money all over again? Policies and regualtions are needed to ensure the corporations do not lose money again. Socialised medicine which would cost US tax payers billions of dollars to run and maintain. Higher taxes would be needed to finance the socialised medical program. Hopefully the Republicans stop the Social Medical program.
Obama sounds like all talk and very little action. His support and approval rating have hit record lows. He will more than likely be a one term wonder US President.
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