
Danny Democrat here, ready to talk.
With all the talk about the economy I question what’s really going on?
A few short months ago, before the election was finalized, there were constant promises about improving our economy. Plans and pledges were proclaimed on a daily basis. Which promises were kept?
Although information is scarce and has a low reliability, many estimate Obama has spent or set aside over a trillion dollars in the four months he has been in office. A large portion of this is the bailout money going to help large corporations in America. This is said to help the economy by keeping the employees who work for these companies employed and keeping the perception of America stable. Obama stated that he can’t assure that the economy will bounce back this year, but that he will “get all the pillars in place for recovery this year”.
To me this sounds like he is feeling pressure for immediate results and action, but is spending such extreme amounts of money really a step in the right direction for economic stability? The questions I hear concerning this are: Where does all this “bailout” money come from? Is there really an account somewhere that is negative trillions of dollars from all the national debt? Or is all this money just a number in a computer? Conservatives criticize Obama’s tactics, claiming his $787 billion stimulus package will do little to revive the economy. Obama’s defense is that he was given a country at its wits end and expected to rebuild it. It will take time and we can’t give up on his promises yet.
“We've experienced great trials before. And with every test, each generation has found the capacity to not only endure, but to prosper -- to discover great opportunity in the midst of great crisis. That is what we can and must do today," said Obama.
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