This is the first mention of Obama in this thread.

so you blame Bush as well?

and your other thread on Obama being dumb was what? a slip of the tounge? Obama is not perfect, but compared to Bush or McCain, he is alot better.

Yes, I blame Bush as well.

And Obama is not a lot better, in fact he is exactly the same. The only good things he has done, any none “religious nut job” would have done.

Aside from reversing a few things of Bush's, he has done nothing positive.

Hillary would have been a far better president. At least she has led something in her life. As one person before me said, Obama has never run a hot dog stand, let along a country.

Hillary and I don't see eye to eye, but at least she can see a retarded idea, and know it's retarded. Obama has no clue.

what exactly did Bush do? The world's economy crash was started way before Clinton was in office. If you want to blame anyone blame the banks of the world. NO single president is the cause of this.

Avinash_Tyagi said: Not that much actually

This is not the problem.

Look at how much money was in circulation from 1940 to 1970. Same with the great depression.

Back then, the government did not have the ability to just make money up. They were commodities backed, so it had to tie back to something. If they wanted more money to spend on something, they taxed the shit out of the people, and then spent those tax dollars.

Today it's very hard to tax more and actually collect more money. The people are about taxed out. Also, we are not commodities backed anymore, so if government feels it needs money, it just prints it.

What the government has effectivly done over the last year, is asked the American people to take every dollar they make, rip it in half, and treat each half as a dollar.

This will take a while to enter circulation (as the banks get the money first, when it's actually worth two dollars), Once it's in the market, the dollar will be worth half of what it was worth as prices will rise. The sad thing however, is your paycheck doesn't.

 People are not taxed out, you really don't get it do you, in real terms US taxes are among the lowest in the developed world.

Also at the moment inflation is down, right now the concern is deflation not inflation

I guess I should have rephrased.

Almost all of our tax dollars come from the top 5% income earners. If you raise taxes on them, you will not collect any more money.

You could raise taxes on the poor and middle class and increase government income, but most people think that's counterproductive when entering a depression.

Being that I apparently don't get it, enlighten me with your wisdom. If you were president, what would you do?

 Actually you will get more revenue, you do realize that taxes on the rich used to be much higher, and our revenues, (adjusted of course) were higher than they are now, you do realize that we used to be a lending nation not a debtor nation with those higher taxes on the rich.  Nowadays however the rich aren't shouldering their share