Not if Hillary Clinton runs, her husband has been pushing her too.
I'm pretty sure she will and if, it will be very difficult for the Republicans to find someone to counter her.
Oh oh, the Dow plunges more than 170 points at the first opening session after Obama's win. Guess what the big moneys are thinking.
Not because of Obama, but because of the Republicans in the Congress might still follow their blocking policies and that's the worse that could happen for America.
You have not showed anything. If raising taxes on the rich will not pay off the debt, then what did you mean by saying Obama understood how to resolve the debt? By raising taxes on everyone?
Raising taxes for the 1% is only a part of the solution and only for the short term, because you can't even get the next budget balanced otherwise, with the result of a recession. That again means dramatic budget cuts and tax increases for everyone in the US as the only solution!
You still didn't understand that, like many in your country and that's the problem, because Americans are not used to think about the consequences of your behaviour.
Again, you have no choice but reduce the spending in the mid to long term to reduce the dept, while infrastructure and economy must be strengthened by the government on the other side. Simply raising taxes in a time where you have less people in jobs that can pay taxes and your economy is slowly coming back from the financial crisis is not a solution!
What good is this if policies are filled regulations that hindered businesses?
It creates jobs on the lower end, which translates into more tax payers as well, so more tax revenue without increasing taxes for all! It speeds up transportations and logistics, which makes your industies to be more effective and competitive compared to others in the world, that translates into better economy, which again means more more tax revenue without increasing taxes for all!
Then why did Obama focused on health care which while does need reform, spending cuts and economic recovery are the more immediate needs? How does this make sense, increase spending then cry about not having enough money?
Spending is not = spending, you have necessary spending and unnecessary spending! Spending billions for 2 useless wars, or for huge numbers of troops in countries where they are not needed anymore is unnecessary spending. Obama achieved more wrt getting those who were responsible for 9/11 in 4 years and with waaaaay less spendings, than the former government. Ending these useless wars and getting back the troops, reduces the spendings, which again helps to reduce the dept. While Romney wanted to do exactly the opposite!
Improving the quality of living, by increasing health care and education budgets, improving infrastructure and reducing taxes for the lower and middle class on the other hand are necessary spending, especially when you were far behind in these fields in a global comparison, even behind many way less educated countries. That alone should make clear that the earlier policies of de-regulations didn't helped you, but made it even worse. Poverty increasing, education level droping, more industries loosing compared to foreign counterparts, more US companies moving production to foreign countries...
All this made America weaker, not stronger!
I lived under my means and that is what responsible people should do. And yet people with high credit scores but low cash reserves were able to purchase homes, pay only interests
Exactly and how was it possible that these people got these cheap loans, that normally never should have been granted? Because of your insanely de-regulated banking sector, that wanted to make more and more money, by selling more and more cheap loans and diverting these bad loans to other banks again. This bubble had to blow up someday, because everybody only took high risks and didn't thought about the consequences.
So you should blame those, that made these de-regulations possible, you should blame those bankers that got big bonuses when they sold poor people cheap loans, because these people are still living on the good side, because they didn't lost their homes, or have to suffer now and not those how were blinded by greedy bankers with "the american dream" that
anybody can own a house!
Btw, India was often criticized by US officials and bankers, because of the regulations in the banking sector, but exactly these regulations were the reason why India was not as badly effected by the financial crisis that you have created. Otherwise we would face the same problems like the Europeans now. Where even countries that had a good dept to groth ratio like Spain, are now in deep trouble, because they have to bail out several of their banks, that bought the bad loans from the US and invested in these cheap loans as well.
High risks and de-regulations only feeds the greed of the 1%, while the 99% have to pay for the consequences at the end and today the whole world suffers because of US de-regulations. If you get into a recession it will be even worse, so if you want to do something, put some pressure on the Republicans, to finally start helping your country by working with THE US PRESIDENT, because that will help the world as well!!!
