DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Obama the Genius: Cash for Clunkers Boosts Car sales, Housing, Stock Market

**nvideoe** · 08-05-2009, 10:41 AM

If he really wants to improve the economy, he shuld improve on the infrastruture and not not consummable. The US economy will suffer in the long run,.

Consumption accounts for 69% of GDP in US. Cash for clunkers program is designed to help the middle class and revive the wilting auto sector in the states.
The cure is probably worse than the disease especially with the dismal employment numbers. We can expect more handout programs in the months to come from the Obama administration which is not a bad thing especially if it goes to those in need but I eagerly await to see how he deals with the massive deficit next.

08-05-2009, 10:41 AM	#5
nvideoe Join Date Oct 2005 Posts 489 Senior Member	If he really wants to improve the economy, he shuld improve on the infrastruture and not not consummable. The US economy will suffer in the long run,. Consumption accounts for 69% of GDP in US. Cash for clunkers program is designed to help the middle class and revive the wilting auto sector in the states. The cure is probably worse than the disease especially with the dismal employment numbers. We can expect more handout programs in the months to come from the Obama administration which is not a bad thing especially if it goes to those in need but I eagerly await to see how he deals with the massive deficit next.
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