Barack Obama, Austerity President

Feb 02, 2012 10:39

I hope all of those Republicans who claim that this administration spends too much sees this article. Of course, I suppose it can be claimed that the Republican-controlled House was partly responsible, too. There are charts in the linked article.

Barack Obama, Austerity PresidentImagine an alternate reality where the first term of President ( Read more... )

economics, economy, recession, barack obama, spending

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etherealtsuki February 2 2012, 21:30:04 UTC
I don't it's completely fair to pin all of this on Obama. It's the result of something that has been gestating for 30 years now. It mind-boggling how many Americans are ignorant on just the basics of how their economy works. The recovery would be much quicker if taxes rose. But to even imply that is political suicide now. Taxes has been demonized to the point that is now hurting the economy. People don't realize cuts like austerity measures are like putting a tiny bandaid on an open wound like slash another wound in a different area of the body. People vote in assholes because they want lower taxes even though we are being currently taxed the lowest since people kept track of this shit. It's like people, pretty much White people, want to go back to those idyllic 50s when (1) it was never like that especially for POC who don't have the privilege of thinking the 50s were awesome and (2) Americans were taxed much higher then than now.

What I can blame Obama on this issue is that he should've negotiate with a party who is determined to get him out of there, even if it mean stepping all over their constituents to grab that power back. Bush had the majority for 6 years and managed to create an atmosphere that was political suicide and question your loyalty to your country if you dare oppose the GOP. Obama is at fault somewhat for not taking the power from the GOP, although one question if he could given he's a Black man in a racist country. Where governors think they could put their hands in your face without consequences.

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wemblee February 4 2012, 04:43:43 UTC
I don't it's completely fair to pin all of this on Obama.

+1,000

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