Will the Economy Improve?

Question

Now that Obama has been elected/anointed, will the economy suddenly get much better?
Or, as seen by the reaction of the stock market this week, (dropping nearly a quarter of its value) are we in for a far worse time considering Obama's stated intentions of Eliminating the Bush tax cuts, and thereby taxing everyone more, and socking it to those evil, vile rich people?

What say you America?
Is it going to get better or worse?
Please opine if so included...and don't get pecsniffian...that's MY job!

Answer 1

As bad as things look, they will only get worse as the country observes the implimentation of Obama's program! (as described by Obama during his campaign)



So...we will get the socialist agenda that promises to give us double-digit unemployment, far greater entitlement speding at the expence of those who once had the money to creat jobs.....

Or....we see Obama back-tracking on many of his campaigning proposals as to expensive for the government to undertake...thus alienating his leftist constituents!

So...things can go either way,,,depending on which Obama winds up giving the next State of the Union...the Socialist Obama...or the Revisionist Obama!

Answer 2

Generally speaking, the use economy gets very volatile everytime the USA picks a new leader.

It usually gets better going into the new leader's second year, after taking office. But I doubt it will get better fast, since many factors usually stay relatively constant instead of the way they are now.

This has nothing to do with the statment of eliminating Bush tax cuts. A small increase in taxes isn't near as bad as loss of purchasing power by allowing capital to remain nearly idle in a bank account(idle for the owner of the cash, not idle for the bank).

The fall in the markets are do to the economic reports that are doing far worse than predicted. Everytime one drops, it is far more job losses, far worse retail sales, and far worse factory orders than expected.

Banks are still failing, and credit is still not flowing well again.



But whether it will get better or worse is anyone's guess with such interlinked economies, anyone of them doing the wrong thing can end up draging the others down just like bank failures are doing do to banks with them linked together so tightly with investment portfolios.



If other countries decide to ditch the USD and peg their currency to the euro, the US economy will get far far worse.

Protectionist methods will only be better for America, but far worse for the rich elitists who are taking advantage of the cheap labor all around the world.



We will probably see that a huge public works system is needed if the world insists on creating jobs everywhere but America.

Answer 3

please don't shoot the messenger----and I'd like to be proven wrong--but this administration will be an economic and social fiasco.

You have an assembly of far left goons controlling the House----and---Senate----and now the Executive branch as well and will quite likely turn the tide to the far left in the Judicial branch with new appointments under this administration----with an inadequate system of checks and balances there will be open season for all the tax and spend pork barrel projects they can conjure up.----can we say SOCIALISM?------The American Voters will learn a bitter lesson here it is sad to say----they refused to listen to reason or logic and instead preferred to make facts irrelevant and now we have to pay a terrible price...Our glimmer of hope lies with the possibility of new job creation...we have to try to think positive

(edit)-----the Liberal philosophy of 'no enemies on the left' is self-destructive.

Answer 4

The markets are reacting to information from the real economy -- job losses, deflation, economic contraction. Not to Obama's plans, which have been understood for months.



It will get better. It always does. But I am doubtful it will get better suddenly.

Answer 5

Economies do not "suddenly get much better".



As long as credit is tight and our dollar is weak, we will have a bad economy.



Will it get better? Of coarse, eventualy, if we can stanch the bleeding now.

Answer 6

later, economy will be okay. but, now, too early. you know, policy cannot be changed in one night. be patience !

Answer 7

The economy will improve... eventually...