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+--- Thread: Why does President Obama not know how the free market system works? (/thread-44616.html)
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Why does President Obama not know how the free market system works? - toughguy2 - 11-19-2012 03:08 AM
The man is no doubt intelligent, but when it comes to this, he is clueless.
- Laroh - 11-19-2012 03:16 AM
I doubt that...
- Ms. Information - 11-19-2012 03:16 AM
President Obama cut the deficit in half and put 5 million Americans back to work.
- Matthew D Rises - 11-19-2012 03:16 AM
Everyone knows how it works. The question is; is it working? In argentina the national oil company that was privatized in the 90's was renationalized earlier this year. why? seems the private owners kept demanding government give them lower taxes and deregulation every few years and they still couldn't keep up with production.
Guess what happened after it was renationalized?
- Ken C - 11-19-2012 03:16 AM
He does. But since it's not socialism, he dosn't like it.
- magick - 11-19-2012 03:16 AM
Maybe he should attend the Bush school of economics & job creation .
- realistic girl - 11-19-2012 03:16 AM
Yes he does. By introducing options for alternate energy sources, the promotion of small business that in turn creates a free market system fill with competition therefore, reducing prices for consumers, who then in turn buy more of that product. Alternatively, Romney's approach is that all the wealth and production should be centered in a handful of people who control the market.
- kwhotrods - 11-19-2012 03:16 AM
He has lived off of the Government his whole life.That's all he knows.I can't believe anyone would think that he cut the deficit in half,when he added more to the deficit than all the other presidents combine up to George Bush.
- commish - 11-19-2012 03:16 AM
If Obama was asked how a job was created, honest to god he couldn't answer it.
- BruceN - 11-19-2012 03:16 AM
He knows exactly how it works. But I think that when it conflicts with his agenda he just doesn't care. One thing Romney said right is that you shouldn't raise taxes on anyone during an economic downturn. He did not however say, that you should also not cut spending or worry about deficits until the economy improves either.