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It 's gonna take more than one mandate to fix this mess!
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Re: Credit Card Bond Sales at Zero, First Time Since 1993 (Update1)
Originally Posted by shmessy
Back up the statement. You have nothing.
To a large extent, NEPatriot is right. No American president has ever "fixed" an ailing economy in our modern history. and in today's world economy, that will be an even more difficult task.
I think the best we can hope for is to minimize the number of people who really suffer be implementing policies that extend unemployment benefits, create infrastructure jobs and the like.
Do you actually believe Obama or the federal gov't has ever had the ability to fix recessions? If we did, we'd never have recessions. But in a capitalistic system, we actually need recessions to correct imbalances...just not ones as bad as this looks.