Does it really need a $100B to create jobs by the POTUS or its just the gov't spending habit again?

will America get bankrupt in two years?

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  • 1 decade ago
    Favorite Answer

    Habit. Peace

  • 006
    Lv 6
    1 decade ago

    100B is not nearly enough. The US needs a massive spending stimulus to snap businesses out of bringing down their debt (right now, since their assets have dropped so much, they are spending down loans in an attempt to bring their debt ratio in line, instead of spending on new projects). It's the same thing that happened to Japan in the 90's; low interest rates, stagnating economy, and businesses still refuse to focus on profit, which drives the economy and makes capitalism work. Hopefully the government wakes up before we lose a decade too.

  • After two tax cuts to the rich, Bush had the WORST job creation record of ANY modern full-term president. Read the Wall Street Journal:

    http://blogs.wsj.com/economics/2009/01/09/bush-on-...

  • Anonymous
    1 decade ago

    Obama has no clue about job creation. Hes a lawyer. And community organizer. Not a business owner

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  • 1 decade ago

    If we just stopped spending and left companies to themselves and gave them a tax break things would improve on their own.

    The only jobs Obama seems to have ideas about creating seem to be government jobs. More government jobs = more taxes.

    I wonder about us going bankrupt and what would happen after that.

  • Anonymous
    1 decade ago

    Unfortunately someone has to pay for 8 years of republican failure.

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