is United States Doomed?

Discussion in 'Economics' started by traderzhangSan, Jun 8, 2010.


  1. Harry Truman was one of the worst Presidents in US history. He allowed the US to lose a winnable war by hiding behind the United Nations. This trend of fighing wars with one arm behind our back started with him.

    I'm afraid the problems may be too big to solve for any President. Every President starting with Reagan, except Clinton of course, has failed miserably at fiscal responsibility. The debt buck does not stop with the current Pres. It is passed to the next Pres. Placing all blame on Obama is unfair since 12T in debt did not instantly appear the day he took office. I feel that Congress and the Pres will try to cut the deficit aggressively next year after the midterms. The only hope for this country in the long run is severe austerity.
     
    #21     Jun 10, 2010
  2. Obama will be the victum of his own ideological obstinance. By
    extension so will the Dem,s If the entire stinulus were invested
    into tax incentives for the rich as well as the middle -class, we would have meaningfull job growth by now.
     
    #22     Jun 10, 2010
  3. Retief

    Retief

    Who gives a chit if it's unfair? Who taught you life was fair? It's not. It never has been. It's a logical fallacy; google the just life fallacy. So what if Truman was a bad POTUS? Maybe he was, maybe he wasn't. It doesn't matter. The point stands. Obama and the dems are in charge, have been for awhile, and what they have been doing is making the situation worse, not better.

    Think of this like a trader. You're long a stock and it looks its price is diving for the center of the earth. Your unrealized PnL is way red and getting redder.

    Now maybe you inherited this position from your grandfather, who initiated the position 40 years ago. You can blame him. "Goddamn grandpappy, wtf was he thinking, sticking his grandson with this POS stock". Or you can close the position.
     
    #23     Jun 10, 2010
  4. You don't become a great President from making easy decisions.

    You become a great President from making hard ones.

    Runningbear
     
    #24     Jun 10, 2010
  5. THere is a disconnect here. The author of the post stated that Obama is to blame for everything. I presented facts that clearly show this has been going on for years and counter the "Everything was perfect and running smoothly until Obama took office" argument. Where were all of these debt and deficit hawks when Reagan tripled the debt or when Bush II doubled the debt?
     
    #25     Jun 10, 2010
  6. Retief

    Retief

    It doesn't matter. The only relevant thing, is what's being done NOW. Assign blame after the fire has been put out.
     
    #26     Jun 10, 2010

  7. AMEN +1
     
    #27     Jun 10, 2010
  8. zdreg

    zdreg

    others disagree with you about truman: http://en.wikipedia.org/wiki/Histor..._the_United_States#Quinnipiac_University_poll

    It depends to what sector of society the austerity is applied to. if the austerity shrinks the gov't it is a plus. if it shrinks the private sector the results will be a disaster from which the US may not recover.

    obama is to blame for all of the increase in the deficit since he took office.
     
    #28     Jul 31, 2010
  9. Nah, politicians, public sector workers, police, fire, teachers, and other union thugs are saved.

    Corporations and private sector workers are screwed.

    Greece is in the US' future.
     
    #29     Jul 31, 2010
  10. Do the respondents realize that, since Korea, other countries took our loss there as weakness and have been challenging us? If the Taliban knew we would carpet bomb/firebomb their entire country, like in WWII, and not be wimpy, like Korea, do you think they would have hosted AQ?
     
    #30     Jul 31, 2010