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Obama's Two Greatest Fears

Discussion in 'News & Current Events' started by InTheLight, Aug 20, 2012.

  1. InTheLight

    InTheLight Well-Known Member
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    Inside an article about discord amongst the Obama campaign staff was this nugget:

    The two things Obama fears most about a Romney victory: A 7-to-2 conservative Supreme Court within a few years. And the equally unbearable possibility, in his mind, that Romney will get to take a victory lap on an economic rebound Obama sees as just around the corner. “I’m not going to let him win … so that he can take credit when the economy turns around,” Obama said, according to an aide.

    Read more: http://www.politico.com/news/stories/0812/79867_Page3.html#ixzz246CM8Nnn
     
  2. InTheLight

    InTheLight Well-Known Member
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    Oh Barry... you mean Romney will be able to say "it's Obama's fault we got in this mess" and then within a year the economy will be humming along and Romney will be able to take the credit for it? Yeah, that would be your nightmare. Though I'm sure you will be crowing from the sidelines that YOU had fixed the economy and Romney merely inherited the success you so richly deserved.
     
  3. targus

    targus New Member

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    Seriously, does anyone see the U.S. economy improving in less than 5 to 7 years?
     
  4. InTheLight

    InTheLight Well-Known Member
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    Yes. Removing Obama from office would be a signal to business owners that the White House is now on their side. Obama is like a damper on the entrepreneurial spirit ("you didn't build your business."). Romney would have the opposite effect.

    Getting rid of Obama would remove the uncertainty surrounding allowing the Bush tax cuts to expire. It would give momentum to repealing parts of ObamaCare that are a burden on business, esp. if it is a prominent issue in the campaign. Regulations passed during Obama could be reversed. Business leaders would figure Romney would cut spending. Romney would get the Keystone pipeline built. If he can get his tax plan passed it would put more money in the pockets of working people and the rich. If he can get his Medicare plan passed it would remove the uncertainty surrounding that entitlement.

    In short, there would be a lot of uncertainty and regulations removed and a dramatic change in business owner's moods and confidence levels if Obama was voted out of office.
     
    #4 InTheLight, Aug 20, 2012
    Last edited by a moderator: Aug 20, 2012
  5. Revmitchell

    Revmitchell Well-Known Member
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    Yep:thumbs:
     
  6. saturneptune

    saturneptune New Member

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    There is lots of money on the sidelines in cash accounts and treasuries awaiting any sign of certainty. I believe the market would soar at a Romney, or a Republican victory in general in the Senate. Even if Obama wins, the Republicans taking the Senate would help. If either happens, I will shift some of my 401K from bonds to stocks. This could happen even before the Republicans take office January 20.
     
  7. LadyEagle

    LadyEagle <b>Moderator</b> <img src =/israel.gif>

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    ITL, totally agree. If Romney wins, I expect the stock market to break all records the next day. Now might be a good time to invest (other than Facebook, lol).
     
  8. Jon-Marc

    Jon-Marc New Member

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    I don't see it improving at all as long as we have politicians in control. "Even so, come, Lord Jesus."
     
  9. gators_2006

    gators_2006 New Member

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    When I read the title, my first response was 1. Romney and 2. Paul Ryan has basic math skills that Obama doesn't have.
     
  10. Max Fenster

    Max Fenster New Member

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    We live in a Global Economy that is very much intertwined, and getting more so every day. Electing Romney vs. Obama isn't going to change the global economic ills of the rest of the world.

    Most large US corporations now do a majority of their business outside the US.
     
  11. targus

    targus New Member

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    That's a strange concept isn't it?

    "Oh, no!!! The economy might improve but I won't get the credit!!"

    Shouldn't every American be happy when the economy improves?

    Without worrying about personally getting credit for it?
     
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