Quote:
Originally Posted by Nascar1966
I have voted for a Democrat numerous times. He has been in office since Jan 2009 and our economy is still in shambles. One year and three months in office should be enough time to try to make some fixes to our struggling economy. I am fully aware that he inherited a mess from Bush. I wanted him to succeed, but he hasn't shown me anything that makes me think he wants to be a successful President. Which do you think should be of a higher priority: Health care reform or fixing the economy. He has gone against the majority of Americans who didn't want the health care bill passed. Instead of thinking about his fellow Americans he thinks about himself. He has put his own political party under the table with this health care reform bill and could care less about it. What has he done about securing our borders from these thug drug cartels? Governor Perry has taken the initiative to try to protect the borders of Texas. Would I consider voting for someone other than a Republican? Absolutely I would. I want to vote for the candidate who is going to do the best for the people and not go against thier will.
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Fixing the economy would be job #1. The President, however, has little impact on what the economy does despite the beliefs of most. He can't make snap-your-fingers changes that instantly change the course of the general economy- in fact the vast majority of fiscal policy is set by the Federal Reserve (central bank lending rates, money flow, etc.) Rates too low for too long, overexpansion and inflation; rates too high for too long, curtailed investment and recession. That being said, I think we are making positive strides based on indicators, despite my personal wealth saying different.
Economic indicators:
Jan '09 -> Apr '10
Dow Jones Average: 8738 -> 11005
Change in Nonfarm Payrolls: Down 750k -> Up 160k (a strong leading indicator)
Unemployment Rate: 8.3% -> 9.6% (a lagging indicator)
Retail Sales: -3% -> +1.5%
CPI: +0.1% -> +0.1% (measure of inflation)
Housing Starts: 450k -> 600k (Jan '09 was a historical low)
Existing Home Sales: 4.5MM -> 5.0MM
Quote:
Originally Posted by Danzig
this and your previous post were right on. well done.
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Thank you, 'Zig.