Question:
How would you rate Obama's Economic Policy?
anonymous
2012-03-14 08:03:12 UTC
Today, 12.8 million Americans are unemployed, 8.2 million cannot find enough work, and 1.1 million have given up looking for work altogether. Unemployment still remains above 8 percent, the supposed maximum rate, and certainly above 6 percent. For 36 straight months, unemployment has been higher than what the president promised. That's more than a rounding error; that is a failure of leadership.

Second, Obama promised the stimulus would not only have a large impact but also an immediate impact. Said the president-elect, "I'm confident ... our 21st century investments will create jobs immediately," adding, "We've got shovel-ready projects all across the country."

Those jobs never materialized, and it was not for lack of workers--or shovels. As President Obama remarked in June 2011, "Shovel-ready was not as shovel-ready as we expected." He chuckled through the mea culpa, but it's no laughing matter. Obama failed to deliver--and at great cost to taxpayers

Third, President Obama said in February 2009 that the stimulus would lift "2 million Americans from poverty." But since Obama took office, 6.3 million Americans have fallen into poverty.

Fourth, the "green economy," Obama vowed, would create millions of jobs. The Energy Department has handed out $35.2 billion in stimulus money to jumpstart the clean energy industry, but it's created more red ink than green jobs

Finally, the fifth promise: one million electric cars.

http://news.yahoo.com/five-biggest-failures-president-obamas-stimulus-law-145224542.html
Nine answers:
?
2012-03-14 08:04:44 UTC
Thievery and lies for political gain.
whoyeah
2012-03-14 15:27:12 UTC
With the amount of stonewalling and disingenuous dealmaking by the Republicans how could you know what Pres. Obama's policies really are? Here's a very good example.



Last week, Speaker of the House John Boehner (R-OH) signaled during an interview with Fox Business that he was open to reneging on the budget deal the GOP crafted with Democrats last year during the debacle over raising the nation’s debt ceiling.

“I’m really disappointed that they’re considering a budget – violating the budget agreement that is now the law of this country. This was designed to avoid another government shutdown or a threat of a shutdown,” said Senate Majority Leader Harry Reid (D-NV). “We had a deal last August on the budget numbers, and we expect them to live with that deal,” Sen. Patty Murray (D-WA) has said. The end result of this standoff could be yet another impending government shutdown, as the government’s current spending authority expires on September 30.
anonymous
2012-03-14 15:11:30 UTC
the simple fact is... it was MUCH worse than anyone realized... McCain said the economy was fundamentally sound, LOL...



so the stimulus and unemployment estimates were very short...



overall, unemployment peaked at 10 percent and is back down to 8.3 percent, very close to following Reagan recovery numbers in 1984 from Carter's recession...



all you have is to say "he didn't meet his goals"... but those goals were clearly short sighted and he didn't understand the depth of the recession...



NOW YOU COULD SAY THAT'S A FLAW... the only problem is... REPUBLICANS thought it was EVEN BETTER and that NOTHING needed to be done but a little mortgage help... lol...



it's a two party system... overall, I would rather have the party that notice the problem and tried to fix it, even though it came up short... than the party that ignored it and said "MOVE ALONG, NOTHING TO SEE HERE"



edit: this question is 5 paragraphs long? why do cons expect a response in one minute? do you just want one liners with partisan rhetoric?
anonymous
2012-03-14 15:06:01 UTC
Absolute Cluster phuck failure
Sathi
2012-03-14 15:05:37 UTC
I'm waiting for a liberal response, but I'm just hearing crickets chirping.
regerugged
2012-03-14 15:10:42 UTC
Obama is so full of it, he should take a laxative.
Liberalism is a Mental Disorder
2012-03-14 15:06:43 UTC
http://www.youtube.com/watch?v=J6TcpfBHlbs
A true American
2012-03-14 15:08:34 UTC
does he have one? or will he steal Bushes ideas?
?
2012-03-14 15:04:38 UTC
Not too bad.


This content was originally posted on Y! Answers, a Q&A website that shut down in 2021.
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