Originally Posted by caribny:
I warned you two years ago that Obama was playing with fire by not aggressively focusing on the economy.
You lack of knowledge on how the US economy works is quite evident. Which Congress or US President has not focused on the economy following the 2008 financial and housing collapse?
Anyone with the assertion of the President not aggressively focusing on the economy ignores the following:
- TARP to cleans the banking system and allow loans to be made to businesses and consumers. This is not White House a press release, go read it in the newspapers and stop being a Sarah Palin.
- A fiscal stimulus package that provided tax relief to Americans and States funding to provide unemployment insurance, thus ensuring that the drop-off in consumer spending will be mitigated somewhat. This is not White House a press release, go read it in the newspapers and stop being a Sarah Palin.
- Providing back-stop to the auto industry bankruptcy process and getting them back on their feet when private capital couldn't jump in or were disinclined to do. This is not White House a press release, go read it in the newspapers and stop being a Sarah Palin.
- Signing a trade agreement and providing tax incentive for export companies to guarantee one of Obama's 2008 election promise, which he has kept. This is not White House a press release, go read it in the newspapers and stop being a Sarah Palin.
- A proposal by the Administration to cut spending by $3 trillion over 10 years with $1 trillion in tax raises only on those making over $250,000 a year - the so-called balanced approach. This is not White House a press release, go read it in the newspapers and stop being a Sarah Palin.
You are a disenchanted Black man (yes I'll introduce your race here as part of my response) who thinks black unemployment at 15% or so is directly related to Obama turning his back on you. If you ain't, it's because you want to be contrarian to every single utterances of mine here.