Obama's economic policy

I'm supporter of Obama, and I plan on voting for him, but one thing I'd like to know more about is what, if anything, he has said about his plan for the economy. I'm sure he's said something, but I've somehow missed it.

 

he's gonna OWN the economy, thats what he's gonna do!!! He's gonna WIN the US!!!!

lol
08ama

 

I see.

 

Gee they didnt ask about economic policy in the People Magizene interview. We will have to stay tuned.

 

Have you tried his website?
http://www.barackobama.com/issues/economy/

 

I don't understand all of this hype about the Obama economics plan. Is it just me or are Bush's tax cuts working absolutely wonderfully? The other day I took my family to three different going out of business sales. We were able to completely furnish our living room with new furniture for under 1000 dollars, we purchased a years supply of drugs and medications for under 100 dollars, and my kids have all the toys and games they would ever need. You younger kids need to learn how to save your money for the real sales. I assure you that Obama is misguided in his economics plan and Bush is a great leader in terms of the economy.

 

You are the agent of propaganda. Everything you say is so wack!

 

Are you sure he's not being satirical?

 

post deleted by jack-a-roe-72

 

It probably cost you a 1000 in cash to drive to all the stores...I live in the same area and wish there were sales like that

 

Although your first inclination would be to assume that I was simply kidding around with my statement on the current economy, but what we are seeing now is a great restructuring of our economy.

Years of prosperity have also correlated with years of wasteful spending practices in corporations. Airlines for years have been running planes that were highly fuel inefficient and are now scrambling to bring in more efficient planes to reduce fuel costs and are just starting to hedge fuel prices. Many retail companies have spent most of their profits on expansion and hard asset aquisition instead of securing better business infrastructure. Most companies in this country used tons of unnecessary paper that result in millions of dollars in money that could have been placed elsewhere. Companies also were taking extraordinary risks which in most cases backfired.

I am strictly middle class, my wife doesn't work. So I pull in enough to keep us over that curve. I'd love to receive a nice check in the mail from uncle Sam giving me some of my hard earned dollars back. Yet, I've seen enough years in my life where economic success nationwide is simply where I feel comfortable. I see the current economy as a hard lesson in corporate waste policies, which we as middle class citizens ultimately will profit from. Not just with going out of business sales, that post was simply a high from a good day shopping with the family, but with an eventual and perpetual reduction in operating / production costs in major companies. The reduction of costs will translate into a decrease in the prices of goods.

The Obama plan calls for an increase in taxes on the wealthier citizens. Unfortunately, this plan may only reduce the pricing cutbacks on goods as there is less free market capital for companies to place into lower market pricing.

 

So we should let the rich run our economy into the ground, flee to offshore tax havens, so that we can benefit from what? So they will mark their prices up before they hold their bankruptcy sales? Makes no sense Sam. We allowed the savings and loan scandals to resurface under another Bush, under the cause of free markets, we are bailing out banks...when do the benefits to the working man kick in? There reaches a point when you can no longer reduce production costs without reducing the quality of the goods. I think we've reached that point. Profit is not the sole motive of a civilization, one has to look at is the quality of the goods the same as the return on investment based on commerce of goods or are we simply building empires on projections and speculation. I am tired of speculation bubbles, I'd rather see honest commerce. Businesses pay their fair cost of doing business and being answerable to their consumers. Is that such a far fetched concept?

 

If all the major companies run there will always be somebody coming in to sell to our market something. Currently our market is out of synch with reality. Wages and Item prices are too high to sustain themselves. As the middle class, it is important that we shop intelligently in all of our purchases from food to entertainment. The mortgage crisis was a bail out of the middle class. The banks would take every house and floating rate loan with them before they went, leaving many Americans on their knees. The middle class isn't paying for this. I'm sure m 18,000 a year in taxes went a long way toward that as oppossed to a major corporation. It would be wrong to blame Bush on the mortgage crisis however, I think it lies in the hands of the federal reserve chairman, as he had the most control over the matter. Bush's policies have given banks and other companies ample opportunity to recover. Nevertheless, instaed of making smart decisions with their tax breaks, many chose to overexpand, instead of increasing the profitability of their companies.

I agree that price is not the only motivating factor, but America needs to return to an era of bitter competition in both price and quality. More importantly, we need to head into an era of less corporate waste and more honest business.

 

Honestly, may I ask what Obama will *do* about the economic crisis?

 

Voting for Obama is i think not going to do you any good?

opps the counting machine is broken????????????????????????

Anyway i like obama and i hope he wins but i dont think it's happening

 

cha ching

 

i'm no economist, but from what i remember my econ teacher preaching about in high school, tax cuts to the middle class in an effort to build the middle class is a sound way to improve the economy.

::can't believe bush is still believing in the "trickle down theory"::

 

Remember the Economic Stimulus check? Most people here probably received $600. How did that help you? Obama's tax cuts will be about 83% of that. So, will $500 help you?

 

I work in a bar, and for about a week after those stimulus checks, business went through the roof (it turns out if you give the average Pittsburgher 600 dollars, they'll spend it on beer and unhealthy food.) I made about 20% more in tips, about 200 dollars extra (people don't treat money they've suddenly come across the same way that they treat money they've earned, just watch "deal or no deal"). Coupled with the 300 i got, that extra five hundred dollars paid for the books for me to go to school.

The problem with these bribes, and i do consider them bribes, is that after people burn through the money, they really aren't any better off than they were before (in the case of the bar patrons, they were worse off because they had higher cholesterol and a hang over). It turns out that people acting in their own interests don't really reinvest money in places that benefit the over-all economy. we could have taken that bribe money and given every child a free laptop, we could have fixed our roads (anyone who has ever driven through Pittsburgh can tell you what a clusterfuck of poor planning and bad maintenance the roads are), we could have invested in better public transportation, or funded research in technology and medicine.

Any of those would have greatly benefitted the whole community generally and my bar specifically. Improving the roads and public transport would have increased the number of people who had access to my bar, as well as more disposable income to spend at the bar. Improved education would create better paying jobs that would allow patrons more disposable income to spend at the bar, and advances in medicine would allow my customers a long lifespan, to spend more time at the bar.