Bush, made economy bad and Obama is making worse. To fix short term losses, Obama is going to make big time long term loss.
They need to lower down the expense, rather then printing more $$. There are few things Obama told to people and I don't see it happening:
1. Our Army will be out of Afghanistan. I don't see it happening.
2. We will have to pay less for Health insurance. In fact, I am paying more since 2010.
3. He is still give more bailouts and support to loosing companies AFAIK.
Also, somewhere I saw AIG made profit last quarter. Did they paid the money back? Not full, but at least a little?
PS Intel is making good amount of profit. Check there job openings and they also have new project going on. If you see any company has more job opening then usual, consider company is either making profit or they investing money on there next project.
He said we would withdraw from Iraq too, and we are supposed to pull out 100,000 troops soon (this summer I think). So that's good. I don't know why we are still in Afghanistan. Osama Bin Laden is probably dead by now anyway, and the Taliban will never give up. They endured the USSR, I'm sure they can tolerate a NATO occupation indefintiely. It would be nice if we "won", but the only way to do that would be to kill the entire country, which the Russians tried and failed.
I have very mixed feelings towards Obama. When he talks, I like the guy. But I think his policies are a continuation of the Bush era in general, only worse. I think he has no common sense when it comes to money, if you are going to borrow money you should invest it in something that is going up, not going down. Never invest in a failing company. "Never try to catch a falling knife". Every trader knows that. And he broke this rule, which makes him a world-class idiot in my mind. And he did it with my money, and your money, and our kid's money. Bush wasted a trillion over eight years. Obama has wasted more than that in his first year alone.
AIG got over $180 billion in the taxpayer-funded bailout and have no plans to pay it back. How could they pay it back? Their stock did a 1:20 reverse split last year so it would look like they were profitable and they could avoid being delisted on the NYSE for falling under $1 a share. I was holding 500 shares that day and got burned bad because it dropped as soon as it split. My sell order was 10% under the original price. So I lost ~50% in an hour for no reason, because it was repriced twenty times higher and I had 1/20th the number of shares. They think their shareholders are too stupid to understand a basic inverse ratio. I will never touch AIG again. They are the worst of the big financial stocks. Pure evil too.