Read full article : http://www.boston.com/business/technology/2012/11/07/how-obama-victory-could-affect-areas-economy/KmOa8LhK4fekmJKQnPxnmL/story.html
This Article explains how the Obama win affect the US economy in the years to come ....
Read full article : http://www.boston.com/business/technology/2012/11/07/how-obama-victory-could-affect-areas-economy/KmOa8LhK4fekmJKQnPxnmL/story.html
40 Comments
10318442
11/7/2012 01:42:50 pm
there were three things that the obama team wants to accomplish this term. first being the economy, Obama wants to extend tax cuts for the middle class americans and spend more to build and repair road and infrastructure. One of Obamas biggest problems he faces is giving mid level businesses a tax break. Obama recent election to serve another term also had its impact on the stock market. the stocks took a plunge this past weekend because the president promise to raise taxes, this raise rattled investor thus putting the stock market in a stand still. Finally the auto industry, Obama seeks to improve the fuel economy substantially by the year 2025. He want the average MPG to be over fifty (54.5) by the year 2025. Obama also set a very ambitious goal to have one million electric vehicles on the road by 2015.
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10421151
11/8/2012 04:49:39 am
Where I am originally from, we do care a lot about the environment. Therefore I am especially excited about Obama's goal to put 1 million electric vehicles on the road by 2015. Another good thing is that Obama also requires automakers to double their vehicles' average fuel economy to 54.5 miles a gallon by 2025. That is great, and I am glad to see that other countries also work on going green. I also like the idea of Obama focusing on being overall more energy efficient by investing in renewable energies. That will also create more jobs.
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11056713
11/9/2012 12:33:05 am
It was interesting that one of the writers used the word "brinkmanship". Economic brinkmanship is something that can be easily described on paper and be seen as necessary but the American people will become weary when it is actually being practiced. Like all things, an economy takes time to recover and people, understandingly, become impatient. The article describes how different industries will suffer but how other ones related to those negatively affected, will have hopes of increase production/usage. With the healthcare overhaul, insurance companies are going to have more customers but they are also going to have to be the ones paying for substantial fees in the coming years. A positive outcome, however, is that hospitals will start to actually becoming paid from their services. An increase in pharmaceuticals is also expected, since more people are going to be able to get it. A negative outcome, however, is some of the financial regulation that will be enforced. An increase in tax on investment dividends can turn off some investors and when those investors are the same ones who are expected to see an increase in their tax bracket, then this also creates an disincentive to invest. Like many other Presidential terms, this economy will have many sided facets. Truman's words still speak truth when he wished to have an economist with one hand because they always say "you'll have this outcome but on the other hand...". Some industries will suffer but others will grow during these next four years.
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00740024
11/9/2012 09:52:35 am
this article is very informative, giving the forecast of many sectors of the economy. It does not get too specific, but is still quite effective in setting a foundation for further research into the topics. It seems that it is very difficult to get information that is not discredited by somebody else when they get into arguments over certain topics. I am will take all of this as a standard with a high degree of truth and consider new information as it comes out. I do think i fundamentally disagree with the majority of the president's ideas. I am glad to hear that his influence is limited by a gridlocked congress.
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Whitney Ford
11/11/2012 06:24:51 am
I personally think that Obama's requirement to change the average fuel economy 54.5 miles per gallon is unreasonable. With a number that high, auto makers will have to either completely eliminate SUVs and trucks or make them all hybrid run vehicles. The cost of making hybrids is too expensive and would jack up the selling price way too much. The day after Obama was elected back into office the stock market dropped about 300 points, to me this looks like a sign of bad times to come. If the EPA outlaws hydraulic fracturing the oil industry will slow down severely, increasing dependency on foreign oil while raising gas prices across the nation.
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W Ford
11/11/2012 06:26:12 am
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10471094
11/11/2012 12:28:29 pm
I think the Obama administration is doing the right thing. They are watching over the environment and trying to grow the lower level social class. He is doing his best I feel like to tax the right people and businesses, but it may get a little out of hand in the near future. As a college student I want him to start focusing on creating jobs and reducing the unemployment rate. Their are way to many people graduating and not able to get a decent job with a college degree. Its almost to the point to consider going abroad and finding a job. For the auto industry, I say we just "shutup and drill". Electric cars are not the way to go and to raise the standard on MPG to 54 is a joke. But, as long as the economy strengthens and jobs are created I do not care much of what Obama does.
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10316017 William Mullarkey
11/12/2012 12:06:12 am
I think it willl be very interesting to see how decreased spending and increasing taxes affects our economy. On one hand, we have an enormous debt. On t6he other, we are taking money out of our economy to pay that debt. Either the deficit or the economy will suffer I'm afraid.
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R10497673
11/12/2012 12:16:43 am
Obama wants to extend Bush-era tax cuts for the middle and lower class, while raising taxes for the upper class, the top 3% in particular. He also wants to raise funds for building roads, bridges, and other infrastructures. The stocks fell this past weekend because the president said he was going to raise taxes, this raise rattled investor thus putting the stock market in a stand still. A foreshadowing of the times to come. Obama also wants to improve the fuel economy by 2025, which would do away with heavy duty vehicles.
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R10370709
11/12/2012 02:08:13 am
Although Obama's second term may not take full effect until 2014, I am still glad to hear that the economy should well on its way up short after that.
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R10367183
11/12/2012 04:26:07 am
This article frustrates me. I don’t understand how people did not see Obama’s true colors while he was in officer. His entire campaign this time was about increasing taxes. Seriously? Half of the population cannot afford to give more from their paychecks than they already are. Due to Obama wanting to increase the taxes has lead to a plummet on Wall Street. Stocks dropped after his election. That’s staggering because now stock market is at a stand still.
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Christian J. Johns
11/12/2012 05:05:59 am
As you can clearly see by the two days Obama won the election, (2008 and 2012), the DJIA dropped over a combined 800 points. If that doesn’t say something for him affecting the economy then I don’t know what does! Also he is so heavy on the new, clean energy companies that he leaves the oil and coal companies in the mud. I think that if he were to try and get American to clean energy while also helping the oil and coal industry to still stay alive. I understand how he wants to make cars more efficient to help save on emissions and all, but that creates all these different hoops to jump through for the car manufacturers and makes it more difficult for them to be profitable.
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R10403437
11/12/2012 01:13:45 pm
President Obama is continuing to make good progress by wisely proposing to raise tax rates on income in excess of $250,000. In other words, you only get taxed at a higher rate for the excess you make over the $250K - you don't get taxed higher for the first $250K. all Americans would still be getting a tax break on their income up to $250K - The Obstructionist GOP Congress should embrace this plan, which will continue progress for the good of America and Americans. The other area that I think he need to work on is the unemployment rate, their are way to many people graduating and not able to get a decent job with a college degree, he need to set a goal and make it happen.
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R00833037
11/13/2012 03:42:41 am
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R10383232
11/13/2012 08:22:27 am
Wouldn’t you think we would have seen some of these changes the past four years??? A main concern of mine that affects me in the near future is the unemployment rate. Too many students graduating with a college degree are not able to find sufficient jobs. This needs to change.
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10399309
11/13/2012 09:14:28 am
I think that by Obama being more "green" with the environment is a great thing and providing more electric cars on the road by 2015 is wonderful and more fuel efficient cars. But I am really more concerned about the unemployment rate going up because it will be a lot harder for students to get jobs right out of college. It does make it a lot more scary for job finding and it will be more complicated to find jobs.
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R01950523
11/13/2012 10:28:58 am
It looks like Obama's fuel efficient cars plan will be excellent. Vehicle companies would not increase their MPG without being forced to. Plus the tax credit will be an excellent incentive for people wanting to go with a green/electric vehicle. 10k would definitely offset the supposed increased production costs of having to raise the MPG standard.
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Angry American
11/13/2012 10:53:34 am
Obama's economic plan is basically the same thing he promised four years ago. We have yet to see many of the discussed benefits materialize, but honestly, with the way he enjoys spending money and raising taxes, I may not have any "change" left by the end of his second term. The logical approach would be to establish a fixed tax rate no matter the income level. For example, lets say this established rate was 30%, how can anyone complain when every citizen is held to the same standard? Why do the wealthy deserve to donate a higher percentage of their money? Also, it is not possible to allow free immigration and provide the government benefits our citizens are accustomed to receiving. This fatal flaw will either need to be addressed in the near future, or we may suffer far greater economic dangers than those presented by the "fiscal cliff".
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R10321022
11/13/2012 10:54:08 am
Being a construction engineer we dread Obama's re-election because of the trouble he puts on the industry itself. The aritcle says that the government is spending more to build bridges, repair and build new roads and add more public structures but theres a real drawback. With the projects that the government helps fund they all have to be envirnomentally certified, meaning overall, its going to cost alot more and take longer. So yes, Obama is helping the construction and engineering business but its costing him alot more money that we have.
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R10350404
11/13/2012 11:17:33 am
Obama inherited a recession, and now the economy is coming back. In his second term, he needs to be bolder. He can afford to now, as he never has to run another campaign again. He needs to take a stand on the promises he made in his first presidential campaign, the promises that brought excitement and support. He needs to fight to bring back jobs, especially in states with the highest unemployment. He has his shot in the next four years to do that because he earned re-election.
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R10396346
11/13/2012 12:35:35 pm
Obama hasnt been trustworthy since he stepped foot in the white house. Employment has not "skyrocketed" like he told us it would and the only type of change he has given us is a much higher tax for high-income americans. If there was a flat tax rate for everyone instead of taking higher income peoples money, there would be more tax revenue in the long run and more financial economic help.
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Kyle Mentzel
11/13/2012 01:37:30 pm
I am very concerned about Obama's plan, that by 2025 the MPG will be 54.5, sounds a bit ridiculous. Not only will that make cars more expensive to manufacture, putting more stress on the auto industry, but it is very optimistic thinking that American's want to give up driving suv's and trucks. However the issue I am most concerned about is the unemployment rate. Being a college student about to graduate, the struggling job market is what has me nervous. I believe the Obama administration should start by creating more jobs and reducing the unemployment rate. Not only for college student's sake, but for an American economy that has not been on top in quite sometime, and needs the change Obama has promised.
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Kyle Mentzel
11/13/2012 01:38:17 pm
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R10394293
11/13/2012 01:41:12 pm
I'm not sure what people expect to change after Obama's first term, but obviously America's future is in jeopardy. With the unemployment rate already down, and statistics predicting it to fall more, college students are being effected greatly and will have trouble finding jobs even more so than we do now. The only positive I got out of this article and Obama's ideas concerning "green energy" and how he wants to make more use of it. I, as a college student, cannot afford another drastic increase in fuel prices. My bank account hurts already as it is from the prices now. Although I do am not an Obama supporter, I do remain hopeful that he can spend less this term and help put America back on its feet.
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R10374498
11/13/2012 02:04:18 pm
Obama's goals for the economy seem a bit too far fetched. He is setting too many goals for the future that seem unattainable. The taxes on the rich will have to be approved by Congress before he can start taxing them.
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R10337813
11/13/2012 06:54:21 pm
It is evident that our economy is struggling and changes need to be made in order to stimulate it. I do not believe that Obama's plan is logical or practical. First off, by taxing middle and upper class citizens, most of whom have worked very hard to make the income they do should not be penalized for working harder than others. We live in a society where you can be born with very little and still accomplish anything; granted, it requires more work and may be more of a struggle it is possible. Our country did not become one of the strongest in the nation without "The American Dream." Let us not take that for granted. I believe that the more money and benefits offered to everyone in society, including those who are not willing to work for it or make sacrifices is only going to cause higher unemployment and give the american people less incentive and less urgency to earn a desired income or benefits such as health care because it is being handed to them. Also, the upper and middle class individuals are the people who spend money on goods and services and make investments in the stock market. By taking more money away from them less money will be spent thus causing businesses to not prosper and hightening the unemployment rate. Tax money does not need to be spent on roads and bridges, it needs to be given to businesses. If there are more businesses prospering there will be more jobs, more people earning money, and most importantly more people spending money and making investments. The more investments that are made, the more money banks can create. It is obvious that his plan has not lowered the unemployment rate, lowered the budget deficit, or given anyone drive to work harder, so I wonder after his re-election how much worse off will our country be by 2016?
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ECO-11am-10338868
11/14/2012 12:25:34 am
If Obama plans to raise the average MPG to 54.5 I would assume the auto industry would take a plunge rather than an increase in sales. Americans would not give up the ability to drive trucks and bigger suv's just to raise the avg MPG. Employment has still yet to take a sharp increase so what has Obama spent doing on that topic for the last four years. If he is worried about a decline in oil bc of tension with oil rich countries then maybe we need to start taking advantage of the oil rich states that our within our country.
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R10313659
11/14/2012 04:11:38 am
The tax cuts Obama plans to make in my opinion will not help but harm the economy significantly. The majority of Americans who are giving other Americans jobs and spending money (the wealthy) do not need to be taxed to a higher extent than lower middle income Americans. Raising taxes for upper class citizens will discourage spending, while the middle class is receiving breaks that only helps that particular tax bracket. If jobs are necessary to be created and unemployment needs to decrease, tax breaks need to be given to those who are providing the jobs - the upper class. It is also apparent through the stock market that the re-election of Obama leaves Americans concerned for the economy. The majority of the actions that the president wants to take will not help reduce unemployment or national debt, but in my opinion actually further these two important issues.
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01948264
11/14/2012 05:30:01 am
This election has been a fairly controversial one to say the least. I have always held a negative disposition towards the formation of political parties in the first place. We might not all agree on the various topics discussed within this article, but that isn't what's important here. As citizens of the United States of America we each need to realize just how blessed we are. We the people have the ultimate power and it is important that we focus our individual energy on creating a better living environment for ourselves as well as the generations to come. The earth's resources are limited and we need to be responsible in our consumption as a nation. Anybody who thinks that there is no need to cut back on carbon emissions, or to increase the mpg standards across the board is an idiot. There is much more at steak here than money. If the "right" thing requires that we lose a little money now to ensure the success of our nations future then it is imperative that we do so. Money and greed often consume people and they forget what lies at the most basic level of humanity. We need to remember that we are all humans and that we are all in this together. If we as human beings choose to focus our attention on one common goal I think that we would be very much surprised by the results that would soon follow. With this said, don't be an ignorant, greedy, and unappreciative citizen of our great country. Strive to truly make a difference in this world, you might be pleased with what learn along the way.
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10304889
11/14/2012 07:00:47 am
A Stock market plummet following the election shows a lack of confidence for the President. A stock market crash could be the straw that broke the camels back in our current financial state. I agree that whoever was chosen in the election is going to face a tough couple years. Ultimately the President and his team need to draw up a plan to get out of this mess that is fully deliberated and aggressive. There is only 1% of people in the wealthy not even their tax money put together is going to make a dent our debt.
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11/14/2012 07:03:24 am
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10343471
11/14/2012 09:53:32 am
I feel like the reelection of Obama is going to make for an interesting four more years. Not only do I disagree with his Obamacare, but raising taxes for people who actually work for a living is completely unfair and ridiculous. Also, I believe the recent fall in the stock market says it all; people who work hard for their money do not trust Obama! There is no possible way to make everyone equal. In this article I saw something about requiring all vehicles to get 54.5 miles to the gallon. That would be nice, but that is also not possible in my opinion.
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Jaycie Sorrells
11/14/2012 12:15:41 pm
These next four years are going to be something else that is for sure! With Obama's reelection there are many things that seem quite unreasonable. The unemployment rate is simply high enough, then raising it to over 9% and looking to continue to grow is unbearable. The population is going to be double by the year 2020, the employment rate doesn't need to follow. Obama has many unrealistic expectations and plans. Taxing the wealthy is not going to make a dent in the debt, and sending money to foreign countries to produce the things that can be made in America is not going to get the job done either. Especially when the jobs will help American unemployment, Bottom line we better watch out or we will be learning Chinese for our national language.
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10375323
11/14/2012 12:16:34 pm
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10474647
11/14/2012 01:50:55 pm
I feel Obama is in the complete wrong. First off he is pulling money out of already hurting ecoconomy to pay for his spending. He needs to find other ways to decrease the defacit. Also his views on cars MPG is completely insane. Ever car would have to be hybrid or completely electric and those things are no where near affordable for the middle class yet. I know the environment needs to be looked after but there's many other things that can take immediate affect.
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R1032405
11/14/2012 01:51:24 pm
I think people have to consider that things always get worse before they get better. Let us not ignore the fact that the deficit exsisted well before Obama took office. The distrubution of wealth in our countr has been a wideing gap between the rich and the poor since the great depression of the 1930's ended. lets be fair, Warren Buffet is paying less in taxes than the average middle class american? I don't see how him paying more taxes to even the playing field is unfair? Do I think he should be punished because he's wealthy, absoultely not! Do I think that he should have a financial obligation to our country through taxation that is porportional based on his salary, HELL YES! Over the next four years Obama will most certainly have to adapt to changes that our population as well as economy will inccur but with effective leadership we can most certainly get back to where we want to be.
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Ahmed Tariq R10332107
11/14/2012 01:52:54 pm
I believe Obama's plan to extend Bush-era tax cuts for low- and middle-income along with targeted tax breaks to businesses will be good for the overall economy. One major problem for Obama will be a Congress that is divided. The Republicans retained control of the House and Democrats still control the Senate. In his second term, Obama needs to be bolder and take more drastic actions. I believe Obama is making a ton of promises for the next four years and he will have to come through on those promises if he wants to be remembered as a successful President.
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R10367789
11/15/2012 12:36:10 pm
I believe that is will take some time for our economy to grow substantially again no matter who is in office. However I do believe Obama needs to be more aggressive and fall through with his forward approach of improving our country. With also considering that our Congress is divided he needs to not have some a liberal approach on things to get the Republicans on board. We have been in a slump for long enough something has to give for an economic boost.
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01943651
11/16/2012 02:22:43 am
This is terrifying. Raising capital gain tax and dividend taxes with not influence investors to invest. This will drive the economy south as less investing with injure companies which can lead to them laying off workers if they don't get the investments needed to expand and operate. Obama can put a wind turbine on the back of his car if he wants, we can see how far he goes. He will have to reconstruct ever road and bridge in America to go downhill to get the wind necessary for that to happen. Or he could put a solar panel on a car, hopefully he doesn't need to drive at night. I am nervous about these next four years. Thanks for the article, it just made me that much more scared.
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10377276
11/18/2012 10:17:46 pm
It's sad that our economy is as bad as it is right now. I believe the MPG requirement should have been done years ago when oil prices began to rise substantially in the hopes of helping our eco footprint. I believe that some of these things are typical problems in an economy that is trying to come out of a recession, but Obama is trying to fix too many things a once.
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