Will Obama fix the economy?

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Mad_Banana

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#1 Mad_Banana
Member since 2007 • 648 Posts

With rising unemployment rates, falling price of dollar, and bad housing

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DivergeUnify

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#2 DivergeUnify
Member since 2007 • 15150 Posts
how is he supposed to?
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jazzkrotch

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#3 jazzkrotch
Member since 2009 • 827 Posts
Of course he will- the only thing he has lied about so far was signing a fair-pay act before 5 days published on his site were up.
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limpbizkit818

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#4 limpbizkit818
Member since 2004 • 15044 Posts
The Government can not "fix" the economy, they can only harm it.
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Theokhoth

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#5 Theokhoth
Member since 2008 • 36799 Posts
:lol: If he does, I'll concede that he truly is the Messiah.
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Huell_Howser

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#6 Huell_Howser
Member since 2008 • 364 Posts
Anyone with half a brain knows that the economy fixes itself. It was doing better than it should have over the past decade so now it has to go through a natural recession to correct itself. And the only reason it experiences fluctuations between exceptional growth and recession is because humans are panicky idiots who are too quick to hop aboard the short-term economic bandwagon. And the ridiculous stimulus plan is the most horrible plan I've ever heard and will only cause the recession to last longer. At least it might not pass due to all the opposition to it. And no, Obama will not fix the economy. He'll just take the credit.
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Army_gal76

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#7 Army_gal76
Member since 2008 • 42 Posts
Just to put it simple. NO.
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Oblivionfan10

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#8 Oblivionfan10
Member since 2008 • 6327 Posts
Possibly, maybe not. Too soon to tell. My guess is no
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Jacobistheman

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#9 Jacobistheman
Member since 2007 • 3975 Posts
The president has very little control, so no. If he had full control, it would crash because he is a socialist, and socialism doesn't work so no. The economy will fix itself if he doens't try to get involved, that is what always happens.
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chessmaster1989

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#10 chessmaster1989
Member since 2008 • 30203 Posts
Hopefully, it will. What's the betting on how long it will be before Mysterylobster comes on and says Obama's plan will fail :P?
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Jacobistheman

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#11 Jacobistheman
Member since 2007 • 3975 Posts
Anyone with half a brain knows that the economy fixes itself. It was doing better than it should have over the past decade so now it has to go through a natural recession to correct itself. And the only reason it experiences fluctuations between exceptional growth and recession is because humans are panicky idiots who are too quick to hop aboard the short-term economic bandwagon. And the ridiculous stimulus plan is the most horrible plan I've ever heard and will only cause the recession to last longer. At least it might not pass due to all the opposition to it. And no, Obama will not fix the economy. He'll just take the credit.Huell_Howser
Well said my friend!
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deactivated-59d151f079814

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#13 deactivated-59d151f079814
Member since 2003 • 47239 Posts
Too soon to tell, his policies may be beneficiary to improving the economy.. But as people said earlier, a president can only do so much.. Hell even FDR's programs never really pulled the United States from depression. What he can do is make this recession more comfortable with the people ailing in the economy, which is just fine for me.
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PhilMargera

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#14 PhilMargera
Member since 2008 • 248 Posts
Obama and Oprah will definitely keep all the cocaine dealers rolling in cash. That much is a given.
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Frattracide

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#15 Frattracide
Member since 2005 • 5395 Posts
No. In fact, if current trends are any indication, I think we will see increasingly shorter industry bubbles followed by increasingly longer recessions. All of that courtesy of the government.
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chessmaster1989

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#16 chessmaster1989
Member since 2008 • 30203 Posts

Obama and Oprah will definitely keep all the cocaine dealers rolling in cash. That much is a given.PhilMargera

.....................................................................what? Wtf are you talking about?

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Jacobistheman

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#17 Jacobistheman
Member since 2007 • 3975 Posts

Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.

That said, I dont think any person can or has fixed the economy they were just the right person at the right time.

I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.

Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.

SEANMCAD
I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.
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Jacobistheman

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#20 Jacobistheman
Member since 2007 • 3975 Posts
[QUOTE="Jacobistheman"][QUOTE="SEANMCAD"]

Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.

That said, I dont think any person can or has fixed the economy they were just the right person at the right time.

I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.

Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.

SEANMCAD

I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.

but the problem is your a historically completely wrong. PLEASE look up "the great depression' in wikiepedia and learn that it was the goverment itself that gave our contracts back by money it didnt have and THAT was what ended it.

You do realize that anyone can post whatever they want on Wikipedia right? Also that is not what ended it, government prolonged the depression, and a huge war (that was funded by the government) and 25 years got the world back out of it.
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chessmaster1989

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#21 chessmaster1989
Member since 2008 • 30203 Posts

I am amazed at how many people dont know basic US history.

What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.

Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable

SEANMCAD

No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).

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deactivated-59d151f079814

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#22 deactivated-59d151f079814
Member since 2003 • 47239 Posts
[QUOTE="SEANMCAD"]

I am amazed at how many people dont know basic US history.

What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.

Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable

No.. It had to do with the fact of that EVERY OTHER MAJOR INDUSTRY in the world was in ruin.. The United States filled the gap, furthermore FDR actually didn't like getting debt and tried his best to avoid it.. Furthermore we had a small recession right after World War 2 ended.. Your oversimplying the whole thing.. In the end it had alot do with the fact that Britian, one of hte main powers in the middle east basically pulled out of there due to a ailing economy in the 50s.. Which lead the void to teh United States to capitalize on the oil industry there.. The US industry was basically untouched by war, while every othe major industry out there that had the possibility of ocmpeteing was heavily damaged by the war.
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#23 deactivated-59d151f079814
Member since 2003 • 47239 Posts
[QUOTE="chessmaster1989"][QUOTE="SEANMCAD"]

I am amazed at how many people dont know basic US history.

What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.

Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable

No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).

Not directly. If you read up the United States actually had a small recession right after the war.. What it did do was set the United States as a nation with a undamaged industry while the big competitiors were basically in shambles due to the damages they had.. It also had alot to do with the United States strangling the oil industry into their control int he middle east..
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wulfshelmut

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#24 wulfshelmut
Member since 2009 • 77 Posts
No. Im afraid the economy has gone down a road that makes it unfixable. He cant fix the economy. Its just a fact of life. Only the most hardcore O-bots still think he will.
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deactivated-59d151f079814

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#26 deactivated-59d151f079814
Member since 2003 • 47239 Posts
[QUOTE="SEANMCAD"][QUOTE="chessmaster1989"][QUOTE="SEANMCAD"]

I am amazed at how many people dont know basic US history.

What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.

Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable

No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).

No actually it was not. Fiirst let me state a historical fact and then a view/point

1. what stoped the great depression was massive public works projects (including military) that was funded by goverment spending that was in amounts beyond what the goverment had. That is jsut factual and hard to spin but it can howevre to spin it people need to at least know this fact which I have noticed nobody here does.

2. We just got out of a war, how did that war help us get out of an ecomonic hardship?

1: Uhh no.. The work programs made people more comfy, but it never brought the United States out of the great depression.... 2: I find this a bit hypocritical, you are acting as if you have a firm grasp of history.. Yet you make such a silly comparison.. The global economy of the 30s and 40s is much different from the global economy of the 21st century.. Furthermore, this was a small scale war on a country that does not hold as much economic power at stake as WW2 had..
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Frattracide

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#28 Frattracide
Member since 2005 • 5395 Posts
[QUOTE="Jacobistheman"][QUOTE="SEANMCAD"]

Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.

That said, I dont think any person can or has fixed the economy they were just the right person at the right time.

I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.

Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.

SEANMCAD

I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.

but the problem is your a historically completely wrong. PLEASE look up "the great depression' in wikiepedia and learn that it was the goverment itself that gave out contracts back by money it didnt have and THAT was what ended it.

before stating how something was solved in the past its helpful to know something about how it was actually sovlved in the past.

There was significant demand in specific industries. That demand is what helped to fix the economy. Governments cannot generate value, they can only borrow, inflate or redistribute. In fact, previous efforts to redistribute wealth through programs that provided jobs in areas of the market that were in low demand were failing (and probably helped to prolong the depression.) If the demand did not exist, then the economy would not have been jump-started the way it was. The fact that it was the government that was giving out the contracts is almost incidental. I say almost because no other entity has unlimited credit. But the reason that factor was significant was probably due more to the "War effort" mentality than the will of the government.

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Suddenstriker52

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#30 Suddenstriker52
Member since 2005 • 996 Posts
[QUOTE="SEANMCAD"]

Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.

That said, I dont think any person can or has fixed the economy they were just the right person at the right time.

I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.

Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.

Jacobistheman

I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.

The spending during the Great Depression was not enough to meet money needed according Keynes. Keynes said that the government needed to inject a massive amount of money into the public to recover from a economic slowdown. This massive injection occurred during the World War. After the war, economy recovered from the Great Depression because of the contracts given out by the government. The problem with classical economics is that if people don't spend the economy declines. What this means is that everytime people get scared by the economy and refuse to spend then the economy with decline. This creates a cycle in which the economy can grow. Keynesian attempts to solve this by giving out money so that economy will grow and create a morale boost in people to start spending again.

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cametall

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#31 cametall
Member since 2003 • 7692 Posts
Probably not. It'll most likely fix itself and he'll get credit for it, like every president...ever...
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Jacobistheman

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#32 Jacobistheman
Member since 2007 • 3975 Posts
[QUOTE="chessmaster1989"][QUOTE="SEANMCAD"]

I am amazed at how many people dont know basic US history.

What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.

Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable

SEANMCAD

No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).

No actually it was not. Fiirst let me state a historical fact and then a view/point

1. what stoped the great depression was massive public works projects (including military) that was funded by goverment spending that was in amounts beyond what the goverment had. That is jsut factual and hard to spin but it can howevre to spin it people need to at least know this fact which I have noticed nobody here does.

2. View: We just got out of a war Iraq war, how did that war help us get out of an ecomonic hardship?

I have heard a lot of experts say on the news that without the Iraq war, the economy would be worse. Also the public works (except military) had no effect on the economy.
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sexaylady

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#34 sexaylady
Member since 2008 • 119 Posts
America fixes the economy.. The president just spurs it on.
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PhilMargera

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#35 PhilMargera
Member since 2008 • 248 Posts

[QUOTE="PhilMargera"]Obama and Oprah will definitely keep all the cocaine dealers rolling in cash. That much is a given.chessmaster1989

.....................................................................what? Wtf are you talking about?

Thier excessive coke use. You up to speed now?
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deactivated-59d151f079814

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#36 deactivated-59d151f079814
Member since 2003 • 47239 Posts
[QUOTE="sSubZerOo"][QUOTE="SEANMCAD"]

No actually it was not. Fiirst let me state a historical fact and then a view/point

1. what stoped the great depression was massive public works projects (including military) that was funded by goverment spending that was in amounts beyond what the goverment had. That is jsut factual and hard to spin but it can howevre to spin it people need to at least know this fact which I have noticed nobody here does.

2. We just got out of a war, how did that war help us get out of an ecomonic hardship?

SEANMCAD
1: Uhh no.. The work programs made people more comfy, but it never brought the United States out of the great depression.... 2: I find this a bit hypocritical, you are acting as if you have a firm grasp of history.. Yet you make such a silly comparison.. The global economy of the 30s and 40s is much different from the global economy of the 21st century.. Furthermore, this was a small scale war on a country that does not hold as much economic power at stake as WW2 had..

Your view of history is in conflict with what is on Wikipeida. Not saying that you are wrong but saying you have a lot of upward battles to have.

Well than wikipedia is wrong.. We had a recession in the United States right after the war.. Work programs did not solve the problem of depression it only reduced its affects on population.. In the end the War helped us mobilize a massive industry.. It also made us a huge exporter of oil which was needed now that it was used as the main fuel for things such as Navy.. Where the United States exported something like 70% of the worlds oil supply at the time.. Furthermore.. The Great economic powers.. like britian and other places were in shambles after the war.. The United States filled the void. As seen even more when Great Britian on their knees with debt left the middle east, where the United States took over the oil efforts there..
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MetroidPrimePwn

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#37 MetroidPrimePwn
Member since 2007 • 12399 Posts
No. The president can make a lot of decisions that can help screw up the economy, but when it comes to fixing the economy, the only thing that can help is more consumption, which the president can't do anything for.
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Huell_Howser

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#39 Huell_Howser
Member since 2008 • 364 Posts
No one knows for sure what ended the Great Depression. Many believe that the New Deal and government spending actually prolonged the depression until WWII. Others believe WWII saved the economy from this plan as it both trained a workforce and instilled confidence in American spending. In other words, the times were so turbulent that it is impossible to pinpoint what exactly ended the Great Depression. All I know is that people's feeble attempts at controlling the economy can never be given full credit for fixing it.
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Jacobistheman

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#40 Jacobistheman
Member since 2007 • 3975 Posts
[

Wiki says we were coming out of the downturn before the war was over and you say they are wrong.

You know what? I am going with wiki over sSubZerOo for my historical references on this one. No offense.

SEANMCAD
You know that sSubZerOo could have posted that on Wikipedia 15 min ago and you wouldn't know. Also did you read on there, and anywere else that the US was in a recession caused by overspending and everything in 37 and 38, that is the only thing that they were coming out of.
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StrawberryHill

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#41 StrawberryHill
Member since 2008 • 5321 Posts
No, Obama will not fix the economy. It's going to take a lot more than one man. It's going to take the collaboration of multiple nations and many people to set things right. In much the same way that George Bush did not ruin the economy. There are many players in the geopolitical game...to say that one man is going to change things like this by himself is ignorant.
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Sajo7

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#42 Sajo7
Member since 2005 • 14049 Posts
You can't just fix an economy. At most Obama might soften the blow for some people. The economy will improve on it's own in the coming years.
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MarineJcksn

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#43 MarineJcksn
Member since 2007 • 1675 Posts

Not a chance. This "stimulus" package he's so wet over signing is the same crap we got from the Bush "stimulus" package and the $850 Billion dollar TARP Bailout package. Do people even comprehend how much money our Government is about to flush down the toilet? And it's not for items to "stimulate" the economy either; it's a list of pet projects Democrats have been pushing for the last 40 years.

You watch. When this Recession lasts another year and this cash does nothing, the 2010 mid-terms are (hopefully) going to clear out a lot of these clowns. Fixing the economy wouldn't be hard either. Cut the Corporate Tax, the Individual Income Tax and Capital Gains taxes for a temporary period; say, 2 years. Get Government Regulation out of the way of the Private Sector. If these morons could understand that instead of trying to push Socialism, we'd be money.

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#44 Stevo_the_gamer  Moderator
Member since 2004 • 50155 Posts
Will he in four years? No. Eight years? Doubtful. Printing more money to pay for the debt will only make things worse -- and that 825+ billion dollar spending, yeah, real logical there. Keep it up Congress, devalue our money to the point where it'll cost me a bucketful of cash to buy a glass of water. Keep it up, and maybe you'll escape scrutiny by placing all teh blame on the President, ya'know, what you pulled on Bush or the other party? Nancy Polosi: "It's entirely the Republicans fault". Such ignorance like that is what put us in this sort of fiasco.
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thusaha

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#45 thusaha
Member since 2007 • 14495 Posts
I hope so.
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#46 MoonMarvel
Member since 2008 • 8249 Posts
[QUOTE="Mad_Banana"]

With rising unemployment rates, falling price of dollar, and bad housing

The dollar is actually doing surprisingly well against the Euro. And no, Obama will send us into a depression. I hope the republicans take seats next year and reclaim the white house in 2012.. We need them bad!
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#47 deactivated-5ac102a4472fe
Member since 2007 • 7431 Posts

I think that he may lay the groundwork for fixing the economy, but it will take way longer then the 4-8 years, that he is in the house.

But to be honest it is not him alone that works for it, alot of corporations has to do thiers, and people in general have to stop saving up.

Which is easy for me to say, and the stock market listens to no one man.

Just dont expect miracles.

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gobo212

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#48 gobo212
Member since 2003 • 6277 Posts
The economy doesn't stand a chance with the issue of peak oil looming.
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#49 Shenmue_Jehuty
Member since 2007 • 5211 Posts
I give him a 50/50 chance.
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chessmaster1989

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#50 chessmaster1989
Member since 2008 • 30203 Posts
[QUOTE="sSubZerOo"][QUOTE="SEANMCAD"] Your view of history is in conflict with what is on Wikipeida. Not saying that you are wrong but saying you have a lot of upward battles to have.SEANMCAD
Well than wikipedia is wrong.. We had a recession in the United States right after the war.. Work programs did not solve the problem of depression it only reduced its affects on population.. In the end the War helped us mobilize a massive industry.. It also made us a huge exporter of oil which was needed now that it was used as the main fuel for things such as Navy.. Where the United States exported something like 70% of the worlds oil supply at the time.. Furthermore.. The Great economic powers.. like britian and other places were in shambles after the war.. The United States filled the void. As seen even more when Great Britian on their knees with debt left the middle east, where the United States took over the oil efforts there..

Wiki says we were coming out of the downturn before the war was over and you say they are wrong.

You know what? I am going with wiki over sSubZerOo for my historical references on this one. No offense.

oh and wiki is saying

"Cost-plus pricing in munitions contracts guaranteed businesses a profit no matter how many mediocre workers they employed or how inefficient the techniques they used. The demand was for a vast quantity of war supplies as soon as possible, regardless of cost. Businesses hired every person in sight, even driving sound trucks up and down city streets begging people to apply for jobs"

and it seems to me you are implictly saying they are wrong. again, for now I am going with wiki for my sources.

Dude, no offense, but citing Wikipedia as the source supporting your argument is pathetic. Find a real source.

By the way, the cost-plus pricing still related to the war, so, in a sense, it was the war that brought us out of the depression.