People apparently voted for Obama because they thought he was going to stand on the street corner handing out cash. What are all the people going to do who think they are going to get this free money when they find out they will not be getting it? President Obama doesn't have any money to give out and as a nation we are pretty much bankrupt.
This is a dangerous time for our country and people are just not informed about the situation. They don't understand how the economy works and they think the government is some magical entity that has unlimited resources. Perhaps this is why so many people voted for Obama thinking they were going to be getting something for nothing. What is going to happen to his popularity when things continue to go downhill and perhaps even get worse faster?
The US government has no money to give and a lot of businesses are going bankrupt. The government can just print more money (and they often do) but that devalues all the existing dollars and hurts everyone in the end. That has never stopped them from doing it but someday it will catch up to us and we will have very high inflation.
Another thing that Obama is dealing with are student loans. He is hoping to take private industry out of the equation and have all the loans go through the government. His argument is that private industry trys to make a profit on the loans and the students suffer with the high interest rates they are charged. He thinks the government can give out the loans at a lower rate and everyone will benefit. There is much disagreement about this but one thing is for sure: colleges cost too much and our kids start off in life with a huge college loan they have to dig out from under.
It remains to be seen if all the spending the US government is doing will end up working to keep our country out of trouble. It could work but no one knows whether it will because no situation like this has ever occured before. It may also put our country in a deeper hole than ever before too.
This is a dangerous time for our country and people are just not informed about the situation. They don't understand how the economy works and they think the government is some magical entity that has unlimited resources. Perhaps this is why so many people voted for Obama thinking they were going to be getting something for nothing. What is going to happen to his popularity when things continue to go downhill and perhaps even get worse faster?
The US government has no money to give and a lot of businesses are going bankrupt. The government can just print more money (and they often do) but that devalues all the existing dollars and hurts everyone in the end. That has never stopped them from doing it but someday it will catch up to us and we will have very high inflation.
Another thing that Obama is dealing with are student loans. He is hoping to take private industry out of the equation and have all the loans go through the government. His argument is that private industry trys to make a profit on the loans and the students suffer with the high interest rates they are charged. He thinks the government can give out the loans at a lower rate and everyone will benefit. There is much disagreement about this but one thing is for sure: colleges cost too much and our kids start off in life with a huge college loan they have to dig out from under.
It remains to be seen if all the spending the US government is doing will end up working to keep our country out of trouble. It could work but no one knows whether it will because no situation like this has ever occured before. It may also put our country in a deeper hole than ever before too.
About the Author:
If you would like to learn about getting Obama stimulus grants for moms, please go to my website Obama Government Stimulus Grants to learn more.
0 comments:
Post a Comment