Is Obama totally incompetent?
Hello! Here is an interesting bankruptcy question with some good answers.
He speaks calmly but is destroying our country. He took office with a recession, and high unemployment, and a general attitude that we can succeed in time, left by Bush’s message and actions. Then he increased the recession, made worse the unemployment rate, and tells us we should be envious of others and their incomes. But higher income people create companies and jobs, even union jobs. Someone needs to sit him down and tell him how this country got to be where it was prior to Bush last 2 years and all of his term. He is failing all of us very quickly. I will not vote for someone who lacks a basic understanding of how this country operates.
BTW, I am black. So please don’t accuse me of racism.
Yahoo Answers always has very good bankruptcy questions. Hopefully this one has benefitted you.
Have a nice day!
Tags: bankruptcy
November 30th, -0001 at 12:00 am
Yes, he’s either incompetent or deliberately destroying America, you decide which
Chapter 13 bankruptcies at record levels
http://www.rib.uscourts.gov/Docs/Stats/C…
worst chronic unemployment since the Great Depression
http://www.cbsnews.com/stories/2011/06/0…
he spends almost a $Trillion$ on shovel ready jobs, then says there never was any shovel ready jobs
http://www.cbsnews.com/8301-503544_162-2…
then he cannot find anything to cut
http://directorblue.blogspot.com/2011/02…
he continues the tradition of signing Middle Class destroying Free Trade deals
http://www.thenewamerican.com/usnews/con…
http://www.businessweek.com/news/2011-03…
says our enemy, is not our enemy
http://www.foxnews.com/politics/2011/12/…
First president to get our AAA credit rating lowered
Feels the need to apologize for the USA
http://www.heritage.org/research/reports…
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November 30th, -0001 at 12:00 am
Jan. 09. Losing 820,000 jobs the day Obama took over. We’ve now been gaining jobs for 22 straight months.
Jan. 09. The Dow Jones was under 8000. Today, it’s over 12,000.
We are moving in the right direction. Now, if Republicans hadn’t filibustered everything for three years, we’d be much further along. Imagine that, they filibuster the American Jobs Act, which would’ve created 2 million jobs, then complain about jobs. Republicans suck.
Obama did NOT “increase the recession.” You’re listening to right-wing talking points that are simply not based on facts. He increased the debt (as every president has done since the Civil War), but did not make the economy worse.
November 30th, -0001 at 12:00 am
Jan. 09. Losing 820,000 jobs the day Obama took over. We’ve now been gaining jobs for 22 straight months.
Jan. 09. The Dow Jones was under 8000. Today, it’s over 12,000.
We are moving in the right direction. Now, if Republicans hadn’t filibustered everything for three years, we’d be much further along. Imagine that, they filibuster the American Jobs Act, which would’ve created 2 million jobs, then complain about jobs. Republicans suck.
Obama did NOT “increase the recession.” You’re listening to right-wing talking points that are simply not based on facts. He increased the debt (as every president has done since the Civil War), but did not make the economy worse.
November 30th, -0001 at 12:00 am
Unfortunately though some gains in jobs are real what is not being told with equal truth is that a HIGHER number is being lost every month now, so yes….. the titanic is STILL sinking faster than we can bail water. Not that the republicans have a better idea but all I wanted to say to you is look for the facts as to what is happening. The stock market is no indicater of what is happening in the USA. Jobs are the no. 1 concern to everyone now. Creating mass numbers of jobs takes real leadership, something Obama has yet to find. color has nothing to do with it.
November 30th, -0001 at 12:00 am
Unfortunately though some gains in jobs are real what is not being told with equal truth is that a HIGHER number is being lost every month now, so yes….. the titanic is STILL sinking faster than we can bail water. Not that the republicans have a better idea but all I wanted to say to you is look for the facts as to what is happening. The stock market is no indicater of what is happening in the USA. Jobs are the no. 1 concern to everyone now. Creating mass numbers of jobs takes real leadership, something Obama has yet to find. color has nothing to do with it.
November 30th, -0001 at 12:00 am
You have a great deal to learn how govt works. You are clearly under the impression the prez has power he doesn’t have. It’s the house that calls the shots and makes the policies. You are blaming the wrong person.
November 30th, -0001 at 12:00 am
You have a great deal to learn how govt works. You are clearly under the impression the prez has power he doesn’t have. It’s the house that calls the shots and makes the policies. You are blaming the wrong person.
November 30th, -0001 at 12:00 am
Absolutely yes. His solution to any problem is the typical liberal Democrat one-just throw more more, that we don’t have, to it.
November 30th, -0001 at 12:00 am
Absolutely yes. His solution to any problem is the typical liberal Democrat one-just throw more more, that we don’t have, to it.
November 30th, -0001 at 12:00 am
I think he can still walk and chew gum but that’s about it. That was also his skill level before his appointment as president.
November 30th, -0001 at 12:00 am
Simple answer from a non-economist: Did you copy this homework from another conservative?
November 30th, -0001 at 12:00 am
Unemployment is down. The recession ended six quarters ago. You need to take an economics class.
The myth that the rich are job creators is just that, a myth. Look at the US economy in the 1950s. With a top tax rate of 91% on income over $200,000 (1.6 million in today’s dollars) the US economy soared. Why? Because people making those top rates invested to avoid the taxes. The built up their companies, bought stocks and bonds, and spent on things like college educations and homes that gave them tax deductions. The US economy boomed. Lacking that push, the rich spend their money on luxuries that do not stimulate growth. Again, basic economics.
http://pleasecutthecrap.typepad.com/main…
November 30th, -0001 at 12:00 am
Unemployment is down. The recession ended six quarters ago. You need to take an economics class.
The myth that the rich are job creators is just that, a myth. Look at the US economy in the 1950s. With a top tax rate of 91% on income over $200,000 (1.6 million in today’s dollars) the US economy soared. Why? Because people making those top rates invested to avoid the taxes. The built up their companies, bought stocks and bonds, and spent on things like college educations and homes that gave them tax deductions. The US economy boomed. Lacking that push, the rich spend their money on luxuries that do not stimulate growth. Again, basic economics.
http://pleasecutthecrap.typepad.com/main…
November 30th, -0001 at 12:00 am
There is always a time lag between what the government does and when the effects are apparent on the economy. When Obama was elected, we were still on the economic down slope caused by bushjrs policies and deregulation.
The banks and walls street hit bottom shortly after Obama took office. The solution was massive spending by the government to pump more money into the economy and assure lenders that they wouldn’t be left with massive unpaid debt from failed companies that borrowed the money.
bushjr knew that before leaving office. That is why he cut taxes and gave everyone a rebate. Tax cuts {particularly for the rich) don’t help the economy quickly if at all. The rebate was too small to have an impact. It needed a lot of money because the problem was massive. We were close to an economic meltdown and the only model from the past that worked was massive government spending. The problem was so dire that the incurred debt was secondary to the crises. A recovered economy can repay the debt. A failed economy can’t so things only get worse.
The wealthy don’t create jobs. They already have the money and aren’t willing to risk their fortune on a new technology that may fail. Most new jobs are created by small companies founded by some daring individuals who risk their homes and families for a dream. Small contractors, small restaurants and small tech companies like MicroSoft and Apple were at one time are the job creators. The sometimes get loans from the wealthy but to do so, give up a big chunk of their ownership. Usually, the wealthy investors don’t fill the entire need for full capitalization.
As a result of the stimulus package, our economy is rebounding. there are more jobs now and they are growing each month. That will continue all this year and the next. It would have grown faster but the Republicans gained control of the House of Representatives and quashed any additional stimulus package that Obama saw as necessary for faster growth. Had that passed we would have seen an even faster rebound. Blame the House Republicans for the delay, not Obama.
Either way the stimulus worked. GM and Chrysler are prospering and repaying their loans as well as some of the giant banks. Those repayments are used to reduce the debt.
Recovery will end and we will descend into economic hell if Republicans continue to control Congress or win the presidency. More than likely they will cut spending in social areas and infrastructure improvements and repair while raising the budget for war material and military super weapons.
Or they will do nothing which is almost as bad. That is their style. Too little, too late.
November 30th, -0001 at 12:00 am
There is always a time lag between what the government does and when the effects are apparent on the economy. When Obama was elected, we were still on the economic down slope caused by bushjrs policies and deregulation.
The banks and walls street hit bottom shortly after Obama took office. The solution was massive spending by the government to pump more money into the economy and assure lenders that they wouldn’t be left with massive unpaid debt from failed companies that borrowed the money.
bushjr knew that before leaving office. That is why he cut taxes and gave everyone a rebate. Tax cuts {particularly for the rich) don’t help the economy quickly if at all. The rebate was too small to have an impact. It needed a lot of money because the problem was massive. We were close to an economic meltdown and the only model from the past that worked was massive government spending. The problem was so dire that the incurred debt was secondary to the crises. A recovered economy can repay the debt. A failed economy can’t so things only get worse.
The wealthy don’t create jobs. They already have the money and aren’t willing to risk their fortune on a new technology that may fail. Most new jobs are created by small companies founded by some daring individuals who risk their homes and families for a dream. Small contractors, small restaurants and small tech companies like MicroSoft and Apple were at one time are the job creators. The sometimes get loans from the wealthy but to do so, give up a big chunk of their ownership. Usually, the wealthy investors don’t fill the entire need for full capitalization.
As a result of the stimulus package, our economy is rebounding. there are more jobs now and they are growing each month. That will continue all this year and the next. It would have grown faster but the Republicans gained control of the House of Representatives and quashed any additional stimulus package that Obama saw as necessary for faster growth. Had that passed we would have seen an even faster rebound. Blame the House Republicans for the delay, not Obama.
Either way the stimulus worked. GM and Chrysler are prospering and repaying their loans as well as some of the giant banks. Those repayments are used to reduce the debt.
Recovery will end and we will descend into economic hell if Republicans continue to control Congress or win the presidency. More than likely they will cut spending in social areas and infrastructure improvements and repair while raising the budget for war material and military super weapons.
Or they will do nothing which is almost as bad. That is their style. Too little, too late.
November 30th, -0001 at 12:00 am
His records are long on talks but very short on achievement. He’s good as candidate but not as president. It’s sad but true. He inherited 5.7% unemployment. AAA rating and 10 trillions deficits. Now is 8.5% unemployment (actually much higher) AA rating and 15 trillions deficits. (He’s now asking for 1.2 trillions to spend more) Please explain.
Obama did not create this mess but he makes it worse. At first, he blamed Bush, Hurricanes then Congress and now he’s running out of excuses! NEVER HIS FAULT. (Don’t forget Democrats controlled Congress 6 yrs and Obama had 2 years). Do not blame Obama. Blame the voters who put him into the office and that’s why we’re in trouble today.
Back in February 2009 President Obama told Today Show host Matt Lauer that he’d be a one-term president if he didn’t fix the economy in three years. “I will be held accountable,” Obama said. “I’ve got four years and … A year form now, I think people are going to see that we’re starting to make some progress, but there’s still going to be some pain out there … If I don’t have this done in three years, then there’s going to be a one-term proposition.”
November 30th, -0001 at 12:00 am
Stop being racist.
November 30th, -0001 at 12:00 am
Stop being racist.