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11 Bumps

6 months to a year

There are two ways to make changes that impact the economy. They are done directly by the Fed, and take 6 weeks to 3 months to cause a change. They are done indirectly by congress, and take 6 months to a year to cause a change. This is basic common knowledge that can be found in any Intro to Macroeconomics text book (if you can't find your own on Google, I'll be happy to put up links if you ask).

Obama has been in office for over 2 years. His first "tweak" to the economy was passed 2 years ago, and signed into law a week from now, 2 years ago. There has been twice as long for the max time required for his changes to take effect. Is he "allowed" to be responsible for his own policies yet, or shall we continue to blame them on someone who has no direct or indirect influence on the economy since 2008?

Answer Question
 
NotPanicking

Asked by NotPanicking at 11:24 AM on Feb. 6, 2011 in Politics & Current Events

Level 51 (421,174 Credits)
Answers (42)
  • He is responsible for his own policies now - as you pointed out, it's simple economics. His die-hard supporters will continue to blame Bush, but the reality is that he is standing on his own now.
    Scuba

    Answer by Scuba at 11:26 AM on Feb. 6, 2011

  • He is finally going to meet with the Chamber of Commerce after 2 years. He proved he didn't respect them or consider their collective business knowledge valuable. Well, his new COS is a former board member of the Chamber. Maybe Daily will have enough influence over his boss to get him to listen to the true experts in economics instead of his beloved and trusted czars.
    jesse123456

    Answer by jesse123456 at 11:27 AM on Feb. 6, 2011

  • He is responsible for his own failed policies in the US.


     He is NOT totally responsible for the nuances and ramifications of a struggling global economy- Unfortunately,  it's all connected-

    Sisteract

    Answer by Sisteract at 11:30 AM on Feb. 6, 2011

  • He is NOT totally responsible for the nuances and ramifications of a struggling global economy- Unfortunately, it's all connected-

    Wow, really? Is he at least responsible for how he chose to navigate that global economy, or shall we blame that on someone else, too?
    NotPanicking

    Comment by NotPanicking (original poster) at 11:32 AM on Feb. 6, 2011

  • Its been 2 years, and Obama has 2 more, so Yes, its fair to judge Obama on the NOW. Unemployment is just starting to fall and time will tell. Slow steady improvement is needed. The US is improving faster than other countries. This economic crisis was global not just the US.
    Justmom223

    Answer by Justmom223 at 11:35 AM on Feb. 6, 2011

  • It's Palin's fault.
    lovinangels

    Answer by lovinangels at 11:38 AM on Feb. 6, 2011

  • Yes, his own stupid mistakes are his fault. It's about time people realized it.
    scout_mom

    Answer by scout_mom at 11:39 AM on Feb. 6, 2011

  • Jeez, lovin, looks like you grew a stalker after all.
    NotPanicking

    Comment by NotPanicking (original poster) at 11:39 AM on Feb. 6, 2011

  • Just- don't bother. These "ladies" refuse to see that Obama is not the root of all evil. Make them a joke as far a debating.
    Anonymous

    Answer by Anonymous at 11:39 AM on Feb. 6, 2011

  • This economic crisis was global not just the US.


     Agreed- In the "industrialized" world- Obama can not control other nation's responses either, no matter his "navigational" skills. Thankfully...bullies on the block should not be tolerated, right. J

    Sisteract

    Answer by Sisteract at 11:39 AM on Feb. 6, 2011

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