Obama's handling of the economy is a complete failure. I don't know why I'm only just realizing this.
The economy is in shambles right now because Wall Street invested so carelessly and put so much money into non-value creating ventures that the system collapsed under the massive debt it incurred.
So basically, you have a group of financial elites who have proven themselves to be incompetent money managers. You have debt bogging this country down. You have a non-value oriented perspective on making money.
What does Obama do?
He runs up trillions of dollars in debt. He leaves the incompetents who caused this problem in charge of our financial institutions. He's trying to keep the old way of investing money alive, even though it's been proven to not work.
And the stock numbers on Wall Street go up, even though the actual productive ability of the economy is in the shitter.
I don't know if Obama either can't see the consequences of his actions, or if he can but ignores them. It's irrelevant. What matters is that the very nature of the economy is about to radically and fundamentally shift, and Obama's policies are making that coming shift as violent as possible. The American auto companies have become bloated corporate giants, with the UAW rivaling their decadence. If the companies were just allowed to fail, we could remove their toxic business practices from this nation and rebuild a modern and efficient American auto industry more in line with the rest of the world.
But we're not, we're essentially nationalizing the auto-industry like the Soviets did. We can debate the philosophy of this all we want, but the Soviet Union collapsed because it was an untenable system. We absolutely cannot just throw money at the auto industry and produce shitty cars that can never turn a profit for the auto industry, but Obama's acting like that's just fine. Rather than letting the auto companies die gracefully and move on, he's making their eventual collapse cost billions more than it should.
Or take green energy as an example. Obama can talk about the tax breaks and green building bullshit in his stimulus package all he wants, but it won't do anything to meaningfully impact how much green energy this country uses. China's paying electric companies to install solar panels. The CHINESE are more forward thinking on this than we are. They're revolutionizing how they get their electricity, and we're stuck with tax credits for green windows that won't do a fucking thing for energy consumption.
I'm not even an expert on this shit, but it just seems too obvious. You don't solve a problem by continuing the conditions that caused the problem, and that's exactly what Obama's doing. I'm hoping at some point people realize this.