Are Americans Really That Slow?

Americans still had that hope-change mantra in their heads.

It's gone now.

I don't know when the "honeymoon" should end, but he did deserve one. No president could undo what Bush did in a short time. In fact, we may not have had enough time yet to correct the problems even if we had a president and congress doing everything right. Obama lacks eith the ability, the desire, or both to make the needed changes, and more people are seeing that.

What would you guys suggest that he could do to fix the problem?

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What would you guys suggest that he could do to fix the problem?

It would cost him re-election, but he should, at minimum, have replaced Bernanke with someone who would put the brakes on inflation. That's unpleasant for a few years, but leads to long-term improvement. He should have also, at a minimum, put a freeze on spending. Those would have been good starts.

I am not defending what Obama has done, but inflation is not the problem at this time. In fact, there have been several months recently when the rate was negative (deflation). It may be a problem in coming years, but it is a question that is hotly debated by leading economists on both sides of the spectrum.

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inflation is not the problem at this time. In fact, there have been several months recently when the rate was negative (deflation).

We have not been in a deflationary period. Inflation is not a major problem at this very moment because there are investments that seem worthy of dumping all the newly printed/borrowed money into (though some suspect bonds might be next). Still, the money has been borrowed/printed, and no efforts were made to improve the dollars purchasing power.

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Originally posted by Loki:
What would you guys suggest that he could do to fix the problem?

Simplify it to your household. What if the country's financial shape was your house what would you do? Would you write more checks knowing there was no money in the bank?