01-10-2012, 11:39 AM
Greg Burnham Wrote:Quite disturbing is the talk of the United States economy in the film. The current national debt which has increased two-fold during Obama's presidency and the horrendous economy is suggested to be part of the plan to strip the nation of democracy reasonable cause to make citizens totally dependent on the government. The "left" is aghast at this suggestion of the current economy. They actually believe that Obama is unintelligent enough to let this economy just happen. Ironically, it's many of the people on the "right" who know Obama's not stupid, and much of what has happened to the United States in the past four years is part of Obama's plan.
How could one so-highly educated and intelligent as Obama not know what he was doing when he incurred such debt? I left the movie thinking more strongly than I had in the past that the current debt and this economy was part of Obama's plan all along.
That's crap.
Lehman Brothers collapsed in August 2008, three months before Obama was elected. The multi billion dollar bank bailouts were organised by Bush so Obama had plenty of lead in the saddle when he took over.
Military spending drives US Government debt anyway. No recent President has been able to curb this trend.
The reason for the economic collapse was private debt, not Government debt. When I last looked (a few months ago) the private and Government debts of the US were 53 trillion and 13 trillion respectively. Private debt comprises household, business and mortgage debt. Mortgage debt is the major component.
Blaming Obama for America's current economic woes is like blaming Roosevelt for the great depression.
Bush and his cronies encouraged Americans to leverage themselves beyond their capacity to repay.