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Old 11-05-2008, 05:41 PM   #1
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Obama likely to make early mark on economy

http://news.msn.com/en-us/articles.a...7557918&afid=1

Although Barack Obama will not officially be president for nearly 3 months, Obama and his team are already hard at work on plans to address the detiriorating economy and continue repairing the battered financial sector.
Obama is expected to meet with the CEO's of General Motors, Ford, and Chrysler within the next few weeks to shore up the industries finances and head off the potential loss of millions of industry-related jobs.
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Old 11-05-2008, 07:41 PM   #2
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yeah, lets hope he doesn't make energy prices skyrocket....
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Old 11-05-2008, 07:53 PM   #3
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Unless Obama goes back on what he promised to do about the economy, he's going to really mess things up. The government shouldn't get involved in the economy in a capitalist society; to get involved and "share the wealth" really is the definition of socialism.

He needs to give oil companies tax breaks, he needs to stop trying to force health care on companies, and he needs to stop trying to raise taxes businesses that make over $250,000 a year. If you take away tax breaks for oil, you make oil more expensive, which means higher prices for energy, which means higher prices for everything. And if you force more taxes and health care on businesses, you just give them more incentive to take their jobs to Mexico or India where it's less expensive for them to operate. With many businesses already laying people off (Circuit City, where I work on weekends, just shut down 155 stores and fired all the people in them), now is not the time to make it more expensive to hire employees.
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Old 11-05-2008, 08:00 PM   #4
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His health care plan WILL NOT see the light of day. He still doesn't have the majority Senate Democratics to prevent a filibuster, so there's not much he can get done without all those fat, old, rich guys' approval. And of course they want to help us middle-classers out. 9.9
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Old 11-05-2008, 08:03 PM   #5
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I hope Obama will be able to improve the economy.
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Old 11-05-2008, 08:03 PM   #6
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The majority of the Senate and House of Representatives is Democratic now and will be even more so after this election.
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Old 11-06-2008, 04:12 PM   #7
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... well.. the republicans sure did a good job at proving how a lasseiz faire system DOESNT work...


... i feel rather confident on his plans.. sure, taxes are going to likely go up... but like they say, you need to spend money to make money..
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Old 11-06-2008, 05:30 PM   #8
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haha, all I can say is we're in for one heck of a ride.
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