Do you think the economy will improve once the elections are over? - Page 2

Sorry to be negative but I don't think either candidate will be able to turn everything around. I don't think you can expect one man to be able to change everything. Past history shows how powerful the lobbyists are and how both sides of Congress can create a stalemate.

In addition the problems we face - health care, gas and automobiles, immigration, food safety, education disparity, job loss overseas, etc. - are extremely complicated.

I can only be optimistic and hope so, but I have no idea. I do not feel like either presidential candidate is addressing the issue thus far.

honestly, no. The economy always goes through cycles. Part of that is the monetary system we have set up with "fake" money. Have you ever thought about what our money is based on? Not gold, not silver, nothing but paper and bank transactions. Inflation occurs, and will continue to occur, when the government runs high deficits...prints more money, and creates false bubbles by getting involved.

The idea that the president should "manage" our economy is sort of ridiculous. That really isn't the president's job. The Congress is the key, really, because of their role in taxes. In addition, if we create more "jobs" by putting more people on the government payroll (this is how we deal with excess unemployeed) - it can actually hurt us because our taxes pay their wages, pensions, benefits - there is more deficit and less programs that get the funding they are promised.

I just think it's vital for people to realize that the economy's fundamental problem is excess deficit, high spending, a war costing billions, and printed money. Also, many people don't realize that the government isn't independently wealthy...that's our money they spend. So I think we have a vital interest in how it's being used.

Gas prices have inflated mostly due to INFLATION - the US dollar took a really hard hit. We are below and are almost tied with canada. For a time, the only money that we were better than was Zimbabwe (100,000% inflation) and the peso. American's standing must be reestablished. If China revalued their currency, we would be in major trouble

I don't think it is a matter of a new president making changes. While I do think so of it can be handled from the white house. . . not sending American money to assist in foreign countries, etc; I think most of it can be handled by consumers. If you want gas prices to lower, change the way you use gas. If there isn't as high a demand for it, then the supply goes up and costs come down. Unfortunately, it takes a lot of people changing and most people just want to complain about it instead of making changes.

It will be interesting to see what happens that's for sure.

This thread is from 4 years ago.  And the majority have said the economy would not improve.  So do you think the economy has?  Do you think it will improve over the next 4 years?  Share your thoughts now before the election...

I think the economy has only continued to worsen. We've strengthened other countries economies ahead of our own. I really don't see Obama changing his current path so much that he can turn that around, and Romney is such a flip flopper on his 'plan' that it's a total crap shoot if he'll manage to improve it (I highly suspect it will continue to slide if he is elected)

 

We are also so far in debt the concept of an economy is a total joke. American households cut back and create a budget to get ahead. If we do that on a large scale as a nation we will also see even leaner time prior to being in the black again. It takes time to institute changes, especially the drastic changes that will be necessary. Even if one of them does come up with a good idea it will be years before any positive effects are seen.

 

The whole idea is pretty disheartening.

I never feel one person can change an economy around. Generally it's a 10-15 year process and we are still in the middle of it. It's like a pendulum swing. It's just a crap shoot of who will be in office once it has the ability to rebound better.
 

I do not believe we have seen a true up swing yet, I do not think for a second either choice is the best choice for improvements. So long as Obama is in office Congress is not going to work with him which has been a hold up on a lot of bipartisan ideas he has supported. The Tea Party has worked so hard to stop him, that if they put that much effort into really doing something for the economy we might see some improvement. Romney is a joke. If his idea of foregin policy is to get us into a war in Iraq then our economy will never recover. War has what got us into a lot of this debt in the first place. Plus I am not thrilled with a lot of this ideas on business and what he thinks will grow our economy. Say what you will Obama has brought a few companies back from over seas, which has at least helped with some jobs. If we could continue that path I believe the economy would improve.

Sorry to tell you this but it's going to get much much much worse, nastier than you've ever seen! and it doesn't matter is Dictator Obama wins or European banker bought Mitt Romney wins...................................
 

I think Mels nailed it ... the reporting on the economy changed even if the actual citizens of America weren't experiencing anything different.

 

And was completely wrong because it is going to take so much longer than 3 years to see any recovery at all. As a matter of fact in '08, my hubby hadn't even been laid off yet. As a matter of fact, there have been so many lay-offs since '08, this country has seen mass migrations due to job searching and job changes that has been almost as bad as during the Great Depression. The "credit card rights" laws were changed which tightened up credit and made it harder for people to make ends meet (interest rates skyrocketed, minimum payments doubled or tripled). We hadn't even seen the worst of the housing bust and foreclosures yet. Oh but for the "good old days"! I didn't give the presidency and Congress enough credit in how much they could completely mess up the economy. Silly me, I didn't think they'd have that big of an effect. Like I said, I was wrong.