We have the same problem now as we had during the election, the American Media is still giving him the soft touch. Criticism of Obama on news networks not named Fox is about nonexistent, and clearly Fox being Republican TV and all clearly they can't offer an objective opinion And honestly, the laundry list of fucked up things Obama has done since he was inaugurated is quite long and distinguished, I'm not asking for them to bring it all to light as they should, just picking one thing would be enough.
^ It really is a shame though, it's like the American media are afraid of criticizing him. But I agree, he has done so many bad things, that we'll feel the effects for the next 20 to 30 years.
Are you talking about Bush? Because if you are talking about Obama, I'd like to hear what those things are. On topic: yes, the protectionist measures are the worst, because it is counterproductive to international trade and the global economy. The global financial system definitely needs to be more regulated and standardized across nations, but that is more of a preventive measure for the future, since the damage has already been done. The government buying up toxic assets could be good if the current owners would go bankrupt with them, and the stability of the financial system relies on them not doing so. Just writing them off won't work. What is needed (and will allegedly be provided) by Obama is public investment in education, infrastructure and other projects that will increase productive capacity and employment in the future. The sad reality is that the US, and many other western countries, are burdened by industries that are too expensive to run compared to how they are run in Asian countries. If American cars were really "better", then the price and demand would reflect that, but that's not the case. The US, and other countries, need to let outsourcing be unrestricted in order to gain something in the long run. The obsolete domestic workers should be put into education for industries that aren't likely to be outsourced, and produce products that preferably are exportable. For instance, the Swedish government will not bail out SAAB, nor Volvo iirc, and that's a good thing. SAAB hasn't been profitable for decades, so it's better if that which can be salvaged is sold to other companies, and the redundant employees retrained for other industries.
