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Originally Posted by Jermyn Davidson
Did this multi trillion dollar defict occur in the little over 8 months that President Obama has been in office?
On January 20, were we at $0.00 debt and today August 26 were trillions of dollars in debt?
So if economists say that the stimulus was the right decision, and if the decision for the stimuls packages was largely influenced by the Republican Bernanke, where is the Democrat President Obama at fault?
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He is not at fault-- he acted with the best intentions for the country, under the advice of the smartest economists in the country.
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If the government did not act the way it sis, most educated folks will tell you that we would have went over the brink.
It's foolish to blame our current President for the economic mess-- most folks don't. |
His latest picks, Former Federal Reserve Chairman Paul Volcker and University of Chicago economist, Austan Goolsbee, are no exception.
Volcker, 81, will head the Economic Recovery Advisory Board, a new White House panel to help President-elect Barack Obama create jobs and bring stability to the ailing financial system. Goolsbee will be the Economic Recovery Advisory Board's top staff official
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Vice President-elect Biden and I have assembled an economic team with the vision and expertise to stabilize our economy, create jobs, and get America back on track. Even as we face great economic challenges, we know that great opportunity is at hand -- if we act swiftly and boldly. That's the mission our economic team will take on," said President-elect Obama in a statement released on November 24.
Meet the members of Obama's economic team:
Read more:
http://www.nydailynews.com/money/200...#ixzz0PLv1lIRR
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Paul Volcker, the former Federal Reserve chief President Obama tapped in early February to head up a board offering outside economic advice, doesn't sound happy that the panel has yet to hold a formal meeting.
"The whole organizational side of this has been a nightmare," Volcker told the Wall Street Journal on Saturday.
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Obama isn't connecting with the panel. It was all big talk before the innaguration and he ignores it.
Obama is not getting advice from Volcker
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