ANSWERS: 61
  • NO. it's going to be a sad four years for the US. i'm seriously (seriously) considering Canada.
  • It has to get better. GW has screwed us so bad, how can it get any worse. I honestly think he will
  • Who is president has very little effect on the economy. It will get a little better just out of hope. He, however, will be able to do little except rhetoric. The economy is a lot more complex than having one person drive it.
  • It will be hard. He'll certainly try, but I doubt he'll fix it completly.
  • Doubt it
  • Not in 4 years - that's a very short time. I do think that if he does all he can do that he'll be able to get us back on the right track. Get things going in the right direction and not in a way that we'll collapse again at a moment's notice. It's been predicted that it's going to take at least 10 years for -anyone- to undo the mangling that Bush managed to do to our country in 8 years.
  • I think he will select competent and knowledgeable people to work with him toward a comprehensive change. Transparent and sensible market practices are essential.
  • Not for a while. It's a global problem, and it will take time to get it sorted. But if I think anybody can turn it round, he will.
  • we shall see...I'm trying very hard to be optimistic
  • No-one can improve the economy immediately. The causes for the recession are too complex. I just hope Obama will be smart enough to take the best advice he can get. He is not an economist. His background is political science and law. True for most politicians today. A good leader today needs more than that. The country and government is full of lawyers. There has never been a dirth of lawyers. But, they have never helped the economy without good advisors.
  • No. If anything, he will hurt it.
  • While the president does not have total control over such things, they can certainly hurt their country's economy more than help the world economy. I think Obama will definitely hurt the US economy by taxing too much, especially with a democrat congress helping with the bleeding of the people with no control or way to stop them short of revolution, which will be tougher with them attempting to take the guns from the people and Obama putting his "civilian security force" in action. It is very Orwellian what is about to happen to us here.
  • Not by himself
  • Unlikely. This disaster keeps getting worse and worse and who knows what else is lurking in the shadows that will explode on his face. As I see it, the man has been set to fail
  • I think so we must give him a chance. Its easy for others to be sceptical but you know its not an easy job but has a good past and I am sure it will be a good future . Gotta think about the good things about him and what that can bring.
  • I think he can, but of course it will take a while.
  • Well, it took a Democrat to turn The Great Depression around. And, he certainly has appointed a formidable economics team.
  • Not as long as Barney Frank and Chris Dodd are running banking. They created most of this mess and have done nothing to fix their incompetency except throw more money at their cronies in banking.
  • He is not a miracle worker he is a man. It will take many countries and economists to improve the economy of the world.
  • 2 words Jimmy Carter: Obama is little more than the Jimmster you will see new lows.
  • Presidents have little power to help the economy. They have more power to screw it up.
  • Sure he will with the help all American people! Good morning Michael!!
  • Yeah, probably.
  • I doubt it! That would be nice! I guess that is why he kept saying "Hope" and "Change" but would not tell anyone how he is gonna do it!
  • no. no one person can "fix the economy". I think he will contribute and that eventually it will be fixed simply because the world always comes out of these slumps
  • well i hope so, somebody has to
  • i want his babies!!!!!!
  • Geeze, I really hope so and quickly. Somethings gotta give.
  • We'll see.
  • Yes, he will TRY to fix the US economy, because that's part of his job description. But he can't fix it alone. He needs the cooperation of everyone, even those who do not like him.
  • no he cannot he is a big showman not a president (sorry i feel that way)
  • He's gonna give it his best shot!!
  • I can't say as yet, but I certainly hope so. Besides, since we are now suffering the growing pains of a global economy, it will have to be a global effort, involving many players, not just one man/woman or country.
  • Nope! It is the reason GW smirks as much as he does.
  • Fix, NO Way. Start Fixing it, YES! He will start to do it!
  • i think helll start fixing but then get shot cause hes trying to change to many things, some people are really pissed off and scared
  • Unequivocally! He is an intelligent, committed person that has the power to do it!
  • I'm afraid not. He has proposed going down a path that has failed before. What the U.S government has done and proposes to do in an even bigger way is the same thing Bernie Madoff did for 40 years until the scheme collapsed. From Andrew Sumereau- There is little doubt that if Bernie Madoff had dropped dead in late November he would have been eulogized as a great man. A respected and successful businessman, a noted philanthropist, and generous benefactor of multiple charitable and education institutions, for over forty years (since the Nixon administration!) he built and maintained a business empire that generated wealth for thousands of individuals and families. Then literally overnight a unique financial calamity occurred forcing Bernie to admit it was all a mirage, a fraud of epic proportions. Bernie Madoff, (and now in a similar circumstance, Ramalinga Raju in India) was compelled to confess that his deck of bogus cards was built on the weak and shifting sands of other people's money, money moved from person to person, place to place, but somehow never truly invested. That Bernie could run his fraud for over forty years reveals many enthusiastic enablers happy to show a blind eye toward the obvious as long as Bernie worked his magic on their behalf. And unlike larger scam operations that thrive on phantom transactions like Citibank, Merrill Lynch, Goldman Sachs, and AIG, Madoff could not rely on friends in high places to provide "bailout" money. Taking money under the pretense of investing it, using it for other purposes and then apologizing when the money is revealed as squandered -- such behavior is rightly condemned as evil. Unless, of course, you take the money from taxpayers. Bernie's real misfortune was a credit line all dried up. If he were a politician under similar circumstances he could have taken "bold action" and fleeced his investors further without their consent. The problem was that he was called out. That sometimes happens in the commercial world. Unlike a politician, he could not extort money from the public to get out of his jam. His enablers gave him money willingly and enthusiastically. When panic occurred they called for their money back, money that didn't exist. But the credit line of government can never be exhausted, fed by a nominally legitimate but criminal enterprise known as the tax code, controlled and executed by the very same benefactors that borrow and spend. Applauded and hailed for their "courage" to make "tough decisions" our new President and our new Congress will tackle the economic "crisis" brought on by insane borrowing and spending habits by borrowing trillions of dollars more to spend (oops, I mean invest) on the nation's "infrastructure" and "pump" billions more to shore up large financial institutions that even Bernie would deride as profligate and crooked. Just like Bernie's investors, we turn a blind eye to the reality before us. Hope replaces common sense, and wishful thinking presumes that maybe time will heal our self-inflicted wounds. Trillions of dollars in debt, our federal government reflexively spends and spends. It is the only thing it knows how to do. Yet history teaches spending on "problems" never works. Has spending cured poverty? Has spending improved education? Has spending cured our energy dependence? Experience and wisdom seem to have no relevance. Real political courage, the courage to say "Stop!" is missing. With a history-ignorant media focusing exclusively on the color of a man's skin rather than his experience or ideas, besotted with themselves for their tolerance and inclusiveness, drunk on the excitement of federal power flowing through every part of our economy, the promise of a New-er Deal is almost certain. Following in the path of FDR means ten years of Depression followed by World War. Is that really the Keynesian blueprint we have to follow? Like the investors in Bernie Madoff, no one wants to upset the federal gravy train. Not the banks, not the media, not the big auto companies, not the voters anxious for another "stimulus check." No one. The truth, though evident to every thinking person, is seemingly too painful to bear. The United States Government does not produce wealth, it does not create opportunities, it does not educate, and it is not a beacon of hope. It was not meant to be. It was established, "... to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity." Twelve trillion dollars of debt and growing is hardly a blessing to leave to our posterity. Bernie's crime is business as usual in Washington DC
  • Well, he's accomplished the first step by sending George back to Texas. Step #2 is to spend less than George. That will be easy, since George has spent more than all previous presidents combined, borrowing from China and other countries, putting us deep into debt. John McCain, the loose cannon, was already planning to become George #2, with his own list of wars to declare and countries to invade. ("Bomb-bomb-bomb, Bomb-bomb Iran.") McCain was planning to spend as much as George or more, like a drunken Republican in a gun shop. All Obama has to do is not be George and not be McCain. He's already done both. We can't lose. Don't worry. Be happy. Tomorrow is a New Day. :)
  • No. He'll raise taxes so high, that you and I will have little money left in our pockets. He can save the economy by cutting taxes and a reduction in spending, though with his promises of new and expensive programs*, I can't see that happening any time soon.
  • We know that he can't fix it alone, nor can he fix it overnight. But I think he will make every effort to get things turned around and headed in the right direction. And he needs everyone's cooperation to do so. I think a lot more people are confident of an eventual turnaround with him in office.
  • No, he won't. Nobody can fix that mess, not even Superman
  • Not likely, The economy will correct itself Obama or not. It may be a slow painful process but it will eventually adjust itself.
  • Yes! He can. He can because,,,,,,,,,,,,,,,,,,,, well because he says he can. He will............... He will think of something, like putting everyone in the country on welfare. Yeah, thats an idea. Free money for everyone! Party up everyone! Don't yall worry about tomorrow.
  • Only in your dreams!
  • I HOPE SO, I am counting on him deam it
  • I think he can start the turn around, but that it'll take much longer than just his 8 years.
  • no. But he'll get the credit when it does.
  • He needs to instill confidence in the american people and he is not doing that, frankly he is scaring the sh#@ out of people and that isn't helping.
  • No, I think our country will, but he will certinely help.
  • No, no one can "fix" the problems of the world today except God himself. Even if Obama turns out to do a good job in office (which I doubt it) he will still have a lot of people disappointed in him because of how much he is being talked up, he will not be able to do the things that people hope for.
  • Only time will tell.
  • By the judicious use of forward and reverse gears.
  • Nope. I seriously doubt.
  • Nope. I seriously doubt.
  • Nope. I seriously doubt.
  • Nope. I seriously doubt.
  • No I do not think so. My thoughts are this "He makes Jimmy Carter look like an economist". While one man can not change the economy, and especially since it is a global issue, he has limited influence on the recovery, as any one man or government would. But his plan is only going to create inflation issues, and put further strain on our population with higher taxes down the road. If he really wanted to help our country, he would renew the balanced budget approach. How can we feel good about crippling our kids and grandchildrens generations with massive debt.

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