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User avatar #19 - aerosmithabc (05/12/2012) [-]
every person in my school hates him and thinks he's the worst president ever and when i say i like him they say its just because i met him (which i did) but thats beside the point
he's doing an decent job for the **** economy he walked into
#92 to #19 - John Cena (05/12/2012) [-]
I respectfully disagree. You can't blame the skyrocket on debt entirely on Obama, he's only one man- but even "decent" is giving too much credit when American debt has not dropped- but in fact skyrocketed.
User avatar #140 to #92 - retardedboss ONLINE (05/13/2012) [-]
A lot of people don't understand the Economics of the situation we're currently in, hell, I don't even claim to know what the **** is going on. But, to my understanding, we have to borrow so much money to keep inflation going to encourage people to spend money (if money was going up in value people wouldn't spend as much because their money would be worth more the next day than it is now). You can't fix the economy if no one spends any money. Basically, the reason we're in trillions of dollars of debt is so we wouldn't go into another great depression again. I really can't explain ALL of the details, and I don't really understand most of it, but I don't think Obama is really doing that bad.

Please forgive me if I'm wrong, I haven't taken economics yet (i'm going to next year) this is just the stuff my History teacher (also the economics teacher) has told me, so I could be remembering wrong.
#148 to #140 - John Cena (05/13/2012) [-]
The problem isn't the actual debt itself but where it's attributed to. It's the entire country that pays because it's the government spending money on businesses in a socialist economic fashion. It's more effective to allow businesses to fail because supply and demand will always lead to the development of more corporations that can supply allowing for demand to alleviate itself given time. Using debt as an assurance for dollar value is a solid plan for short term, but over long term the higher debt ceiling you have the more inflation you'll have until dollar values hyper-inflate and you can no longer provide people the necessary money to be of original value. I.e- you have 20000 dollars in the flank but do to the decrease of dollar value you only can buy an object valued at 15000 or less. The problem isn't the dollar itself- it's just a unit of measurement that keeps a steady value of 1- but as the dollar becomes more inflated prices have to be raised to make up the deficit. You still have that 20k in the bank but it can't provide for you as long as it could before. The problem with the debt ceiling is that it can keep the dollar value semi-regular but once the plan collapses you will have a massive hole that can only be filled through inflation and that's when prices will skyrocket. if a debt ceiling had been established in the first place there would be a flux in the economy and inflation on a more rapid scale but would regulate over time as supply begins to meet demand again.
User avatar #152 to #148 - retardedboss ONLINE (05/13/2012) [-]
Yeah, now you're getting into stuff that's way over my head. Normally I love a good political debate, but I simply am too under informed on basic economic principles to even begin to have any kind of conversation on that level. I'm only 16 so I know **** all about how things in the world work, and I think that's the problem. Most people have little to no idea how any of the stuff the president does actually affects anything. Sorry I can't offer any sort of actual rebuttal.
#156 to #152 - John Cena (05/13/2012) [-]
I'm only 17, pretty sure I screwed up alot of the terminology but I just was giving the jist of it. Total history nerd though, and you see the same kind of economic patterns over and over. I just think history has proven that the best solution is to allow matters to work themselves out. We actual had a depression in the 20's that you never hear about because it resolved itself due to the fact the government did little to [url deleted] was actually a lower economic depression than the Great Depression you all hear about but it was resolved in less than two years.
User avatar #135 to #92 - aerosmithabc (05/13/2012) [-]
good job you give a reason and evidence, its fine if you disagree but most people are like, "I can't get a job because Obama is a terrible president." no, you cant get a job because your a ******* retard
#144 to #135 - John Cena (05/13/2012) [-]
I try to bass my opinions off of facts as often as it can. Too often with politics you have an argument with two people that just devolves into a pissing contest because neither one wants to see the other side and actually try to convince them. That's the problem, it's hard to respectfully disagree anymore or present any single flaw without being shouted down instead of discussing.

User avatar #136 to #135 - aerosmithabc (05/13/2012) [-]
#31 to #19 - John Cena (05/12/2012) [-]
The past three years: "Wow Obama does a really good job"
Elections: "The republicans say he sucks! That means he must suck!"
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