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7 Bumps

Does he really think this is the reason for high unemployment?

This to me just cements his utter lack of understanding of how the economy works.

WASHINGTON (AP) - Beset by a weak jobs report, President Barack Obama on Friday called for swift action by Congress to raise the nation's borrowing limit, saying the uncertainty over the debt ceiling has hindered hiring in the private sector.

In remarks in the White House Rose Garden, the president linked two of the most high profile issues facing his presidency - the weak economy and a massive budget deal to meet an Aug. 2 deadline to increase the debt limit.

"The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that will need in order to make additional investments to grow and hire," Obama said.

http://apnews.myway.com/article/20110708/D9OBLU4O2.html

Answer Question
 
Carpy

Asked by Carpy at 2:21 PM on Jul. 9, 2011 in Politics & Current Events

Level 39 (114,053 Credits)
Answers (36)
  • Raising our debt ceiling does not mean that we have a serious plan to deal with our debt and deficit. That may be one of the more stupid things I've seen him say.

    miss_lisa

    Answer by miss_lisa at 2:23 PM on Jul. 9, 2011

  • To think that a mess this large was created by one president is pretty ridiculous. This is something that was 20+ years in the making, so blaming Bush for this mess is silly.

    I don't see this as Obama bashing, but realizing that Obama's comments aren't the brightest. Doesn't mean he's stupid, doesn't mean we're bashing him. It does mean that we see things for what they are and that this idea that raising the debt ceiling limit will make things better and somehow equates to a long term plan to deal with the financial issues we're facing makes no sense at all.
    miss_lisa

    Answer by miss_lisa at 2:29 PM on Jul. 9, 2011

  • uncertainty over the debt ceiling has hindered hiring in the private sector.


    Silly me, I though some of it had to do with uncertainty over pending legislation (Obamacare) and how it will effect a businesses bottom line.  Or perhaps the whole cap and trade thing and POTUS making and end run around Congress through the EPA.  Or maybe talks about raising taxes on the 'rich' or despite all of their efforts to screw with the economy with quantitative easing we still seem 'unexpectedly' slow on our way to recovery.

    QuinnMae

    Answer by QuinnMae at 2:29 PM on Jul. 9, 2011

  • Oh lord, more Obama bashing! Do you not realize the massive mess he was left to clean up after our oh so wonderful BUSH!

    And just think. If you would educate yourself AT ALL, you would give up on that old worn out "Blame Bush" idiocy.
    Carpy

    Comment by Carpy (original poster) at 2:31 PM on Jul. 9, 2011

  • This is something that was 20+ years in the making, so blaming Bush for this mess is silly.

    More like 100 years.
    Carpy

    Comment by Carpy (original poster) at 2:32 PM on Jul. 9, 2011

  • Unfortunatly that's pretty much the same thing all the lawmakers say. We hear them saying all the time things like, we need to lower corporate taxes, we need to keep the Bush tax cuts in place, we need to deregulate, we need to lower the taxes on profits companies want to bring here that are made over-seas, etc. etc. & they completely miss the fact that NONE of those things result in more jobs & more hiring. There simply cannot be jobs & hiring when companies are pretty much free to send work over-seas, then bring those profits back at a minimal tax rate & dole it out in the form of bonuses, etc to their execs. American companies need to start behaving like American companies, do most of their work, hiring here if they want tax concessions.
    meriana

    Answer by meriana at 2:33 PM on Jul. 9, 2011

  • I think it depends on what aspect you're looking at. I'm sure there are some things in this recession that were in the making long ago. But the housing market is something I see as starting w/Clinton. There's so many different failures going on with this recession that it's really hard to just point at one and say that's the problem. It's a real clusterf**k.
    miss_lisa

    Answer by miss_lisa at 2:35 PM on Jul. 9, 2011

  • "Oh lord, more Obama bashing! Do you not realize the massive mess he was left to clean up after our oh so wonderful BUSH! " Oh god bless you for speaking sense!!!! If bush wasn't sucha fucktard sending us off to war spending billions on NON SENSE we wouldn't have such a hole to dig out of. You think Obamas going to fix the country in 4 years your as stupid as BUSH! He had such a stick up his butt about avenging crap that happened when his father was in office he jumped at the first chance to flush us down the shitter! VOTING FOR BUSH IN THE FIRST PLACE WAS "SILLY"! As far as I'm concerned all you republican can blame your self for this mess.

    Anonymous

    Answer by Anonymous at 2:43 PM on Jul. 9, 2011

  • The economy was in the crapper way before the birth of  Obamacare, so trying to shift the blame for lack of jobs to that entity is not entirely appropriate. US jobs cost money. Labor is a huge portion of any companies' budget. It's all about $$$$$- if owners and corps can make more money by employing foreign labor, they will. FYI, it doesn't matter what party is in office, the same rules apply. China will find out soon enough as jobs shift to even cheaper labor markets. Greed, the downfall of all world powers. There will come a point (and sooner rather than later) that Americans will not have the $$$ to buy what these Corps and businesses are selling. So sad that greed got in the way-

    Sisteract

    Answer by Sisteract at 2:46 PM on Jul. 9, 2011

  • Well he didnt have experience going, why do you think he would know how to run the country now? He obviously needed more experience. I can only hope when he is voted out we can get back on track.
    gemgem

    Answer by gemgem at 2:47 PM on Jul. 9, 2011

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