Obama ignoring economic recovery
Oct.26, 2009 in
barack obama
Maybe one of you enlightened Democrat Obamabots can explain to me what the Hell your Prezzident is doing.With the meltdown of the banking industry he is concentrating on Obama care, and not just Obamacare but Obamacare with penalties on business.OK if he inherited all these problems you would think he would prioritise these catastrophic conditions created by 20 years of DEMOCRAT AND REPUBLICAN mispheasence.
http://www.usnews.com/articles/opini...recession.html
America is incredibly indebted. The debt in the financial world went from 21 percent of a $3 trillion gross domestic product in 1980 to 120 percent of a $13 trillion GDP in 2007,reflecting an astonishing accumulation of as much as $30 of debt for every $1 of equity in many firms, most noticeably in the unregulated shadow banking system.On top of all this, house prices are still plummetingmeaning more foreclosures and a market glut. Today, 12 million homes are worth less than their mortgage, and it may rise to 15 million over the next few months. As many as half of them have mortgages that exceed the home value by over 20 percent. If half these people drop the keys in a box and walk, the losses will be in the trillions
now that we have identified the problem ,when the hell is he gonna fix it ?
http://www.usnews.com/articles/opini...recession.html
America is incredibly indebted. The debt in the financial world went from 21 percent of a $3 trillion gross domestic product in 1980 to 120 percent of a $13 trillion GDP in 2007,reflecting an astonishing accumulation of as much as $30 of debt for every $1 of equity in many firms, most noticeably in the unregulated shadow banking system.On top of all this, house prices are still plummetingmeaning more foreclosures and a market glut. Today, 12 million homes are worth less than their mortgage, and it may rise to 15 million over the next few months. As many as half of them have mortgages that exceed the home value by over 20 percent. If half these people drop the keys in a box and walk, the losses will be in the trillions
now that we have identified the problem ,when the hell is he gonna fix it ?

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