In my opinion. the only reason the USA is not in recession like in Europe is because of the Federal Reserve pumping money/credit into the USA economy but unless the hard headed Republicans dont play ball by lifting the debt ceiling and allow tax increases then I'm afraid the unemployment rate will head to spanish levels if not similar to Greek levels. Mitt Romney [not a bad guy really,] said he could do better to reduce unemployment...he was delusional in my opinion because in my opinion Obama had done a stirling job with the Federal Reserve to keep it at those current levels, but it wont last if the Republicans continue and want to destroy the USA credit rating.
It was irresponsible in the extreme what they did last year and I'm affraid the ego of that guy John Boehner who made America look like a bunch of kindegarten kids....a totally irresponsible act to gain political brownie points.....and i bet the smirk on his face yesterday says we going to get more of the same.
The reality is that those with money and assets always end up being responsible to pay for deficits sooner or later as the poor cant pay which afterall they get their income from government handout paid through taxes or borrowings. There is no easy way out of our debts or deficits, call them what you will..UNLESS you want to do what the Greeks are attempting to do now.
The Republicans seem to want to destroy US wealth by playing these silly debt ceiling games which will affect the whole world economy, thats why i follow it so closely.
The Republican tried to blame China for Americans' financial woes, yet it was your consumers who wanted to buy their goods...they were not forced by gun to their head to buy and borrow to buy Asian goods? You cant blame the Chinese for them sticking to their knitting and being more efficient and more cheaper than the other nations who pay their staff too much. You cant blame the Chinese for MINDING THE OWN BUSINESS and not wastimg money fighting wars they cant win. Dr Ron Paul had similar ideas of trading not going to wars...but the egotistical Republicans pushed him aside to choose Mitt Romney the better looking younger but not so wise a guy.
The Democrates did not scare your illegals who have lived and worked in the country for years, yet the Republicans called them illegal Aliens..as if from outer space and wanted to send them back. How foolish to scare potential voters.
The Republicans wanted to have more ships than the USA had 70 years ago, when technology has since taken over warfare needing less ships and more aircraft carriers and drones, more satelittes etc and the Republicans wanted Obama to beat his chest more and threaten more people instead of using more diplomatic methods.
These are some of the reasons why the Republicans lost, not because anyone thought Obama was perfect...just better for the times we are in these days.
