The economy is a lie, built on lies. There is no economy, it's a facade. Have you ever heard of high frequency trading? that's your economy right there. Gross Domestic Product calculated by how many peoples lives you can destroy in a day.<br />
Obama's job isn't to fix the economy, it's to keep it going. I can't even imagine how sick you'd have to be to allow this to continue, but he's doing a wonderful job.
It was a mixed soup of awful that got us here.
The economic mess really started under Reagan when we seriously began spending money without thinking of how to pay the bills and redistributing the country's wealth from the average American to the upper 1 or 2 percent of the poplulation.
You can even trace it back further than that I think. When Lyndon Johnson started the "War On Poverty" and used (at the time) untouchable Social Security funds. Started us down the path of legislating long term debt and only paying the interest on the debt to increase funds available for government spending.
the economy needs a new back bone it was the manufacturers before they left for cheaper production grounds and to avoid high taxes now its only government positions and ultra high tech companies making the dough , how long will this last ? , and will they interfere with Gold stocks when the barrel reaches empty again ? , mmmm , i don't see a vibrant future for Canada or the US especially for the lay man or woman looking for work , and no President or Prime Minister can pull a rabbit out of their ears
The executive branch has the power to impose regulations that can suffocate the economy. When Obama took office he imposed hundreds of thousands of regulations.