Asked By: Mar - 11/30/2009

Best Answer - Chosen by Asker

Mr. Obama has to appease his Left Wing Base, hence his promotion of "Green" jobs. However the jobs he is promoting, wind and solar, are at this time economically infeasible. They aren't efficient enough to significantly refuse the use of foreign oil. They Can be of assistance but to become "Energy" independent, we need to use our own fossil fuel resources. However that means getting by the N.I.M.B.Y.s. The Housing Bubble which is responsible for this current economic mess is the result of several Federal Government programs that interfered with the free market system. First was the Community Re-investment Act sponsored by Rep. Barney Frank (D-MA) and Sen. Chris Dodd (D-CT). This act FORCED banks to make loans to people that they otherwise would have turned down. Then there's the fact that Barney Frank made it appear as the Government would secure those loans via Freddie and Fannie. Add the Federal Reserve has been keeping interest rates at a artificially low point and there you go. Obama as a Senator and campaigning for president voted for the bank bail outs (T.A.R.P. toxic asset recovery program). Bush was forced to sign the legislation and when Obama took office 01/20/09, he then used the money for TARP and his Stimulus Plan to further the Left Wing by increasing the size of government and not actually help the part of the economy that causes it to grow and that is employment. If he had helped small business' with tax cuts and incentives to invest their capitol into their business', unemployment would/could have stayed below 10?Instead, because he has increased the size of government and demonized investment banking and has threatened to take over still more pieces of the banking industry along with prosecuting the investment side, no one will loan money. Obama's policies are also keeping the housing market unnaturally high after it's bubble burst by guaranteeing these home loans and stopping foreclosures. By letting the housing make to reach true bottom and by keeping government completely out of it, the economy would have righted itself and we would have started to see real growth. We have no recovery and won't have one until jobs in the private sector are created. When people have jobs and reasonable security that their jobs will remain, they will spend money. Money that will be used to further increase the private sector workforce and further increasing spending. GDP and GNP will rise at a standardized and predictable rate, interest will rise to what it truly needs to be without causing inflation and then all will be well. But since the Liberals are in charge of the current reigning party, this will never happen. They will spend, spend and spend and when they run out of OPM (Other People's Money), they'll just run the presses faster and longer and soon it'll cost you $1,000,000.00 just to buy a loaf of bread. You'll need a wheel barrow just to buy gas. Don't believe me, look up Wiemar Republic in Germany right after WWI and just before Hitler.

Answered By: Tony W - 11/30/2009