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Reasons Why the US Economy Is Still Bad Even in 2016

Updated on September 29, 2017

This is a coverage of the true extent of the US Economy

There had been a lot of discussion over all of the major news networks about a possible default on the debt if the debt ceiling was not raised. But the real reasons that the US economy is in still "bad" shape is never really revealed to the American public. At least, this type of news is not really reported accurately enough. I put the word bad in quotes to emphasize that it is not as bad as before but still not good enough for the middle class. The real reasons for the bad economy are many. So let’s discuss some of these reasons. Much of this essay is based on what this writer has read, seen and heard for a period of many years going back to 2003 so it will be biased. Those of you that want to see a different perspective on one of the most complex and troubling issues of our time are encouraged to give this written piece a chance.

Reason #1: Ronald Reagan and his Reaganomics agenda

My first point would be that the real slow decline of the middle class in the United States happened under President Ronald Reagan as Reaganomics became a major part of his agenda. So some of you may be asking the question of what role did Reagan have to play in the weakening of the economy? Basically Reaganomics was part of what is known as the trickle-down theory. Do some of you still don’t believe me? Free market capitalism makes the rich even richer and the poor even poorer.

A short video explaining how Reaganomics works

A photo of George W. Bush the 43rd President of the United States

Even though I have been critical of George W. Bush for the state of the US economy, his presidency is not the only reason for the still weak US economy. At least he was responsible for Medicaid expansion.
Even though I have been critical of George W. Bush for the state of the US economy, his presidency is not the only reason for the still weak US economy. At least he was responsible for Medicaid expansion. | Source

Reason #2: George W. Bush and Dick Cheney

President George W. Bush and Vice President Richard Cheney are two more men responsible for this mess. This might be hard for many of you to believe but this is one of the real causes of the economic crisis here in America which is one of the wealthiest countries on Earth. Although Paul Wolfowitz is considered one of the architects of the second disastrous Iraq War, it was Cheney who was the real "mastermind" behind this along with Bush Jr. who kept on asking for research on whether there was a Saddam Hussein and 9/11 connection! And this country has been able to maintain a high standard of living because of all this borrowing of money from other countries so it can finance its operations. Yes, the economic slowdown is also partially due to the loans that were not able to be paid off by many homeowners and the collapse of the subprime mortgage market. But the reality is that the Republican Party’s policies are responsible for the economic chaos that America is in right now and it is very clear. The United States government spends more money each month than the revenues that it generates and it is no wonder why the country is in debt. You cannot spend more money compared to the amount that you make and expect to be in good financial shape. Not even an average person in any country can do that and expect to not face consequences.

Note: even if George W. Bush was a bad President, at least he understood how the US Constitution works.

Biggest reason for the weak US economy in 2016

What is the biggest reason for the weak US Economy even in 2016?

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Reason #3: Economic blunders by the Bush Team and his advisors

Just after Bill Clinton left the White House, America had a huge economic surplus. People in this country had jobs and they could support their families. But with the arrival of George W. Bush into the nation’s highest office, Bush and his team of advisors made a series of blunders which has left the US exactly in the shape that it is in now.

Using free market capitalism tactics combined with corruption, Bush and Cheney used a series of tax cuts which were shown to benefit only the wealthiest of Americans while middle class incomes declined from 2001 through 2009. Actually, the US deficit did not reach $1 trillion until 1981 which was the start of the Ronald Reagan presidency. The Republican Party’s main objective has been to make sure that the rich get richer while the poor continue to struggle. The Republican Party does not care about the average person. I know that this essay may sound biased to some readers and it is but this writer is attempting to present both sides of the story. If some of you are wondering about the Democrats’ role in this don’t worry we will get there.

A detailed map of the War on Terrorism (since 2001)

Reason #4: the failed War on Terrorism

And then with the September 11th incident, Bush launched a worldwide war on terrorism and on October 7, 2001, US forces went into Afghanistan to try and eliminate the Taliban and capture Osama Bin Laden who is now dead. The US forces along with the other NATO countries are stuck in an unwinnable war that can never be won through the use of force. It is said that wars are won politically. Then in March of 2003 the United States and the United Kingdom under then Prime Minister Tony Blair used a series of reasons to justify an illegal invasion of Iraq because they were concerned about Saddam Hussein having weapons of mass destruction. It is estimated that the US is spending $10 billion dollars each month to finance two lost wars while 1 out of every 4 children is now on food stamps. In addition to this, 1 out of 8 people is on food stamps. The United States cannot afford to keep spending this kind of money on these wars. It has been proven that you cannot spend billions of dollars on foreign wars and expect to have a healthy economy. Even James Madison understood this very well. The facts are very clear. If the United States continues the wars in Iraq and Afghanistan while the rich continue to get richer, the country is going to face bankruptcy along with other serious social problems. The corporations have continued to have record numbers of profits while an extension of the Bush era tax cuts resulted in the creation of only 18,000 jobs in June a few years ago. The news media in this country broadcasts only what they want their citizens to hear. Wars are never good for a nation’s economy and it is clear that the United States is no longer a first world country like it claims to be. The US is becoming a country of the very rich or the very poor. The wars overseas along with the horrible decisions to cut the taxes of the wealthiest Americans have proven to be very costly. A nation that is on the verge of bankruptcy cannot ever be considered a first world nation. Some people have even said that Mexico now has a better economy than the United States does. The United States must withdraw all of its troops from both Iraq and Afghanistan as soon as possible. The wars in those countries have already been lost and there is no way that the US army can win these wars against populations that have so much pride and they are willing to die for their country. It is time that these wars came to an end right now. Over 14 years of war in Afghanistan has not eliminated the Taliban and force will never get rid of them. Almost 5,000 official US deaths later in Iraq have not produced the so-called weapons that Bush and Cheney claimed that Iraq had.

Instead, billions of dollars and many lives have been wasted for nothing while the US economy continues to suffer.

Reason #5: it is not Barack Obama’s fault

It is time for the people of America to stop blaming Barack Obama for the economic mess in America. He inherited this situation and it was never his fault. The real problem is the Republican Party and it is as simple as that. The Republican Party is extremely corrupt. A victory in the 2012 general election for the Republicans would have meant that America would go further into debt and be destroyed economically. The Republican Party’s bad and irresponsible policies are one of the biggest reasons for the bad US economy and not Barack Obama. It is time that the American public realized this. The Republican Party of the late 20th and early 21st centuries is much different than the one that existed in the 1860s during the term of Abraham Lincoln. What a difference that a period of 140+ years can make in a country! Many things can change and there are many things in America that have changed since 1861. So if the bad US economy is not the fault of President Obama, then who is really to blame?

Reason #6: the risky loans that were sold to customers by mortgage companies such as Countrywide Financial Corporation

Another huge reason for the US economy being still bad is due to the fact that mortgage companies such as Countrywide Financial Corporation sold and gave risky loans to its customers. These customers were convinced to accept these loans even though they could not pay them. As someone who used to work for the company that was the largest mortgage lender in the US, I saw and heard what was going on in the company. This writer used to work for Countrywide Full Spectrum Lending Division in Southern California between 2004 and 2007 in the sales and processing departments. Due to irresponsible and risky behaviors of former CEO Angelo Mozillo and some of the people higher up in the company, many people lost their jobs and were forced to look elsewhere for work. So on a related note…

Senator Bernie Sanders Brilliantly Explains What Is Wrong With the US Economy

Reason #7: the rise of Wall Street and the influence of it on American politics

These days, the rise of Wall Street and Corporate America has much to do with how the US economy is functioning. These corporations and lobbyists have a lot of say in who gets in the White House. Many members of Congress follow where the money will take them. This includes members of both major parties. Corporate America basically manipulates these politicians and tells them what to do, so it is fair to say that the Democrats are at least partially to blame for the tough times that we still face. Readers will now get some additional outside perspective and see why the US economy is still not where it should be even in 2016 as we approach the Presidential election in November 2016. And what is about to follow is documented evidence and facts, not just me saying something to get points across.

More statistics to prove the real state of the US Economy

According to some statistics released by the Guardian newspaper in London in 2013, it was not even looking good at that time. One major problem is that wage earners are seeing their earnings drop. Between 2009 and 2012, median wages in the US dropped by 2.8% (Herbst). And Herbst also says something in this article that Bernie Sanders has said MANY times: the middle class here in the US is declining! Another thing that people should really pay attention to is that the said unemployment rate at the time of 7.6% was not accurate. In June 2013, if we were to look at the unemployed population plus those that were looking for a job but gave up and those that are part-time workers but they want a full-time job, the figure was estimated to be at 14.3% (Herbst). If you do the math, that’s almost twice as high as the stated figure! Why is our media deceiving us? Maybe they don’t want us to be afraid which may be a logical assumption at this point. Some of you may be asking how we improve the US economy. That’s not the focus of this article. The reality is that unless we make the US a more business friendly environment, things will continue to be harder for young people, even this writer. And sadly, I have not really heard any real solid solutions from either of the major political parties on how to fix this massive problem. So there you have 7 major reasons why the US economy is still bad in 2016.

Works Cited

Herbst, Moira. 10 Reasons The US Economy is Stuck. 24 July 2013. 5 May 2016.

A video about wealth inequality here in the US (relates to the topic)

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    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      I do understand the difference between an opinion and a fact. It is clear that we have differences here but at least we do agree on certain points which is good. That is the good thing that I can take out of this conversation. I do agree that there has to be healthcare reform but that reform can't come by destroying ObamaCare because who knows that the plan that comes after it will be good or not. It would be like taking a risk that may or may not work out. I also think that there has to be a bipartisan effort in order to improve the economy, healthcare, and other issues of our time. I wish you well even though we disagree on certain points. Good night Jack.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      I agree it has gone too long but here is my final thought. You seem to have a problem understanding the difference between opinion and fact. I cited facts after facts and you still say it is an opinion. In order to have a debate, you need to understand the difference. Have a good night.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      First of all, don't insult my knowledge please. Second of all, yes, the premiums of Obamacare have risen but that's what we get with a for profit healthcare system. And it is still better than what we had before. As I said earlier, the Congress tried to obstruct Obama including Mitch McConnell who wanted to make sure that Obama was a one term president. Of course, he failed at that would you not agree? Obama won two terms, that is a fact or are you going to deny that as well? Historically it is very difficult for one party to win more than 2 terms because of "party fatigue." Yes, some people were angry at Obama but the American people are never happy with who they have as President. In my opinion Donald Trump isn't a real President but that's a different story. I tried to point out in the article that both major parties are somewhat responsible for the economy. But blaming the state of the economy on Obama is not a good thing to do. The GOP was against him from the beginning of his term. But he still got healthcare passed and the Republicans couldn't reject him there, isn't that nice? When ObamaCare was passed the Democrats had control of Congress. I think that instead of the Republicans trying to repeal a law that works, they should fix the flaws of Obamacare instead. This conversation has gone on longer than I expected or wanted it to. It is clear that no matter what I try to point out, you can never accept that people have a different opinion than you do. I am done with discussing the topic with you. Have a good day sir!

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      Here is Barack Obama in his own words -

      https://hubpages.com/politics/The-Obama-Legacy-In-...

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      You know nothing about Israel and yet you make these outrageous claims. I have been to Israel and have seen the devestation of rockets in malls and innocent people dying and having to build bomb shelters in their homes... Israel have offered many peace gestures and the PLA is a terrorist organization and corrupt. They stole millions from the people including Yasser Arafat. These are facts that cannot be denied. So you want the rest of us to pay for your healthcare. I have no problem helping but I don't want to bankrupt our country doing it. We cannot have 80% of the people paying for 20 percent who choose not to have insurance...or can't afford it... This business model does not work in the long term.

      With regard to Obama, the reason we have Trump as President today is partly due to Obama. He was so bad, they rejected Hillary who ran as a third term of Obama...

      Please go look up his ratings and find out for yourself. You are an intelligent man. Why don't you help yourself by learning from history.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      First of all, I highly applaud him for making the ACA a reality. As I explained earlier, this health law allows people like me with a preexisting condition to afford health care. That's the first thing. Secondly, he should ignore Israel's advice and if he did turn their back on him, I am glad he did that. Israel is a corrupt regime that never gave the Palestinian people to have their own homeland which is a big crime. I am not talking about the general population of Israel, just the government and Benjamin Netanyahu who is a far right conservative. Obama did not need to listen to him. And lastly, under the Obama Administration as a result of the Iran Nuclear Deal, Iran is under a watchful eye by the international community. Even your favorite president Donald Trump admits that the deal is working even though he does not like it. Israel should not be a friend or an ally of the US. They are a criminal regime just like North Korea and Russia under Vladimir Putin. I am a huge supporter of the ACA that' the best thing Obama did and because of it, cancer patients have survived. I have tried to do all I can to make you understand how great Obama was yet people like you never gave him a chance and you just assumed he was bad or mediocre. Have a good day Jack!

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      Obama is rated mideocre. He has passed the ACA which has been a disaster of a program. He lied to get it passed and now we are finding our what was in it... high deductible, rising premiums...increased Medicaid. He raised our national debt to 20'trillion dollars. Which will be paid back by your kids and grandkids... his foreign policy of lead from behind was a disaster. He allowed Iran to continue working on nuclear weapons...and turned hos back on our friend and ally Israel. We have a new division among race relations under Obama...

      So how well do you think he will rate in history, especially when Obamacare fails innthe next 2 years.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      Abraham Lincoln should be #1 or close to the top. I hope that historians will rate Barack Obama higher on the good Presidents list as time goes by. He has only been out of office for almost 9 months but I would be shocked if he wasn't ranked very high 15 or 20 years from now. And the worst president of all time will be...Donald Trump of course after he leaves the Oval Office either by a forced resignation, impeachment, or the 25th Amendment. Ronald Reagan was an entertainer just like Trump and even though Reagan served as Governor of California, he did not start in politics from the beginning. The Presidents that have historically done the best with the US economy have been those that have started in politics from the beginning of their working life. Established politicians are what we need in the White House. I'd happily vote for a corporate Democrat because they'd do better than most establishment Republicans. I'd encourage you to check out the David Pakman show on YouTube. You will learn a lot from that show and you would really know what is really going on in the USA.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      Not according to historians that rate presidents...

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      Jack: actually Reagan was not a good President. He significantly reduced the labor unions and look where that got the USA? It was Franklin Roosevelt that got the country back on its feet after a historic Great Depression and what party was he from? He was a Democrat of course. Democrats historically have done better as Presidents than Republicans have. After Eisenhower who was smart enough to warn about the dangers of the military industrial complex, Richard Nixon expanded the Vietnam War into Cambodia and he was President when the Watergate scandal brought him down. What party was he from? Republican. Reagan: Republican. George H.W. Bush and George W. Bush: Republican and they were not great Presidents either. So far the best President in the 21st century is Barack Obama and its not even close. And no, Donald Trump has not accomplished more in 9 months than Obama did in 8 years. Trying to compare Obama to Trump would be like trying to compare Lebron James of the Cavaliers basketball team to Tyronn Lue (ex Los Angeles Lakers Point guard). It is obvious that you can't even compare the two. Obama could have gotten even more accomplished but the US Congress obstructed him. No, the best results in recent times were under Bill Clinton and Barack Obama who is one of the best Presidents of all time.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      Ara, who ever you are watching and getting your news, you are not being told the whole story or the truth. The economy has ups and downs through all administrations both republican and democrats and there are overlaps due to the delay of some policies...

      The best results in recent times was under the Reagan years. In 1981, after he reduced the tax rate to 28%, we saw an economic boom that lasted 20 years and with 20 million jobs created and a GDP rate at 7% some years....go look it up. It is historical fact.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      Ken: thanks a lot for making my morning more informative! So much to talk about here. Also, the fact that the USA has started wars that it should not have been in as I mentioned in the article are a big reason why the economy has changed. Also, the country used to have a solid manufacturing base which it destroyed and we now see the result of that. Also, check out the online show called The David Pakman show on YouTube. In one of the videos, he says that historically, the US economy has been better under a Democratic Administration (Bill Clinton, Barack Obama). But now with Donald Trump, things may start to slowly weaken. Thank you for your contributions to this controversial topic and let me know if my perspective helped you.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      Jack: I do agree that there is freedom in the United States but also, there are people that abuse that freedom and say things in public that are not appropriate. We have a President that uses Twitter to type things about others that are not appropriate and I'm being nice to the man. If we have freedom, our citizens should be responsible enough to use that freedom wisely. Yes, the USA has been a nation of immigrants since its founding. The key to the US success in the past and this is the point I'd like you to really grasp: is that the US used to have factories which was a major reason why it was so successful from 1945 to about 1980. After 1980-1992, it experienced a recession until Bill Clinton made the economy work better. But now, the USA has wrecked its manufacturing base and you see the result of that. I hope this historical perspective answers the question of why the USA was great.

    • Ken Burgess profile image

      Ken Burgess 2 weeks ago from Florida

      Ara - "one thing that I did not mention in the article. As for China's influence, there's no doubt about that. Also, we are seeing a rise in automation and various industries such as coal are becoming a thing of the past. "

      Ara you made a few points in reply, let me focus on these for now.

      Coal is becoming a thing of the past here in America, but all that coal is now being shipped to China. This was actually something agreed upon with China many years ago, our national policies and the whole 'clean fuel' and 'clean air' campaigns by our government were designed with this in mind, so that Americans would not be made aware that we were giving our resources away on the cheap to a foreign power, rather than using them to keep our own power cheap, and our own people employed.

      As for the non-taxation, non-tariff agreements with China, it allows corporations to use China for its cheap (slave like) labor, the rich grow richer, the middle class of America gets saddled with debt and our industrial might is gutted, in a generation we will be a nation with a population as powerless and poor as any other nation... that is what globalization will bring us, America's exceptionalism and America's middle class will cease to exist... there will merely be the upper class, and above them unseen the .001%... and then the rest. The American dream, of freedom and opportunity will be completely dead as it was known.

      That is what will occur if our civilization continues without interference from some type of global environmental disaster or global war. Should a devastating event or series of events occur, who knows what could happen... look how long it is taking for aid to get to Puerto Rico, it is one small island and America has all its military and resources to focus on its needs... imagine if a disaster struck that could do that to most of the world?

      Our jobs haven't been replaced by automation, there are over 100 million Chinese now employed making things that used to be made in America 30+ years ago... that is just the reality, a reality few want people to connect the dots to... because then they might demand their Congressmen act on their behalf, and start taxing those products, one way or another, so that slave labor practices in China didn't put them out of work here in America.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      That is fine with me. You seem to have a dificulty answer a simple question. I will help you out. The key to our success as a nation is "freedom". Our people are free to pursue their dreams and the government is there to maintain a stable environment and fair and justice... Not every country offer the same to its citizens. That is why millions are trying to immigrate here both legally and illegally. You are still young and have lots of opportunity to live and learn. I wish you well.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      I welcome the discussion and the debate but to a point. What I said still stands and let's just leave it at that. You obviously have a different view than I do. There is no need to try and convince me of anything. I am done trying to debate the topic with you. Have a good day sir.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      You are missing the point. These data points are by itself trivial but it proves that in order to gain these achievements, it took something unique. You have not answered that question. What is so special about our country that allowed all these things to happen? Once you have the answer, you will realize we are great already and that the things you hope for are contrary to our country. We don't believe in giving away things... we believe in individual doing their best and using their God given talents and achiving their best...

      "The problem with socialism is sooner or later, you run out of other people's money..." guess who said that quote.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      You want an answer to all that you said? My answer is there's no need to try to convince anyone. This is not some kind of contest where someone is trying to prepare for some competition. The USA has done good things no doubt about that. I'm just only saying that it is not the best country in the world. "Best country" is purely subjective. There is no need to try and convince me or anyone else about anything. Just state the point and move on. So what if we have had the most Nobel Prize winners or the most Olympic medals? Doesn't really matter all that much to me to be honest with you. What matters to me is having a country where people can afford healthcare, where people can afford to go to college and university without having to use student loans just to pay for an education. Just because we have the most colleges does not mean that going to college is affordable. In my opinion (you can disagree if you wish), the US should have an education system that costs less. It should also have a medical system where health insurance can be provided to anyone even people who really need it because of health reasons. The government's responsibility is to think about its people and provide them with basic necessary services. If they don't do that, they are not doing their job properly. The way to make the economy better is to spend the money on job training, job creation, and create a more business friendly environment. So what if the US is #1 in Olympic medals? That's very good but not significant enough for me. The USA was good for the middle class until 1980.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      You are confusing two things. Being happy is a state of mind. We are discussing economic systems and by all empirical measurements, the USA is the number one most successful nation in the history of the world.

      I challenge you to examine all the facts...

      We have the most patents..

      We have the most Nobel prize winners...

      We have the most Olympic medals...

      We have the highest GDP per capita

      We have the strongest military...

      We have the best medical system...

      We have the best equipment... hospitals...

      We have the most colleges...

      We have the top international corporations...

      I can go down more and you won't be convinced...

      What you need to ask yourself is how did all this come about?

      Was it just luck?

      Did we have divine help?

      Did we steal it from others, exploited 3rd world nations as some claimed?

      What was the magic that created all this prosperity?

      I await your answer.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      Best system in the USA? No way. However you are entitled to your opinion as the saying goes. Let's agree to disagree here. I don't like the free market capitalist system and that's my right not to. I'm not saying the USA is a bad country but it is not as good as it used to be that is why the economy is still not as good as it should be. The US government is corrupt especially under Donald Trump and his Vice President Mike Pence. And secondly, just because the USA is in not as bad a shape as Venezuela, that does not mean that the average person is happier here. Just because you have lots of money and material goods, that does not guarantee you will be happy in the long run though that is on a different topic. My only point was that it is not accurate and unbiased to say that the USA has the world's best system. That's just a viewpoint and not a fact. Though I have to say the discussion in this article has been active and that is a good thing when we have a healthy debate. The USA is not a terrible country but it is not as good as it used to be during the Bill Clinton Presidency.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      I hate to break it to you. Denmark is not a socialist country...

      I wrote an article on this a while back...

      https://hubpages.com/politics/Socialism-Defined-fo...

      How do you explain Venezuela? and Cuba?

      Look, I traveled all over the world and have seen it first hand.

      We have the best system hands down. It is not perfect, but better than any other nation on earth.

      It is why we are exceptional and unique in human history...

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      I would happily have a socialist system any day over this free market capitalism we have here in the United States. People such as Bernie Sanders advocate the right kind of policies. There is nothing wrong with people having access to health care and we have to make sure that they can afford it. Affordability would not have been possible under the bad proposed legislation by those two corrupt men Lindsey Graham who is just as bad as Donald Trump and that other man Bill Cassidy who clearly lied when he said the bill would cover people with a preexisting condition such as myself. There is a reason why people love Bernie Sanders and he is the most popular US Senator today. If you don't believe me do a Google search and find out. Socialism works in countries such as Sweden and Denmark which I would argue are about 10 times better countries to live in compared to the USA. Sorry, the USA is no longer the world's greatest nation and won't be as long as Donald Trump, Mike Pence, or Paul Ryan are in power. Socialism is the best! Have a nice day sir!

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      By your logic, why not 100 percent? Why not pay for all housing, child care, food, healthcare,... the needs are endless.

      You want to know what happened when socialism is tried. Go see what Venezuela and Greece is happening today... people are digging through garbage and the average person has lost 15 pounds of body weight... why?

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      We cannot have over 32 million people lose their health care. These people need their insurance and there are so many people that need Medicaid to survive. If we take that away from them, they will either be put in a tough situation or they will die. I would rather have ObamaCare in place instead of destroying it and putting in something worse. Former Speaker of the House John Boehner once said that the Republicans had no plan on health care. How very true because they have been a big failure for 7 years.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      Ken Burgess: thank you for discussing the trade agreements, one thing that I did not mention in the article. As for China's influence, there's no doubt about that. Also, we are seeing a rise in automation and various industries such as coal are becoming a thing of the past. Also, in my previous comment I meant to say that if Republicans do not pass the tax cuts, this will be very bad for them. It would be like Lebron James missing a slam dunk when he is wide open and there is no one in front of him as he makes his way to the basket. You would think that the GOP should pass the tax cuts but we will see what happens.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      Your bias is showing my friend. Trump has done more in the 9 months than Obama in his 8 years. It is true the GOP lead Congress has done very little with regard to repeal of ACA or other legislation like immigration and tax reform...

      The ACA cannot be fixed as is, 2000 plus pages of a flawed unsustainable system. I can't make it more clear for you.

    • CELEBSFAN78 profile image
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      Ara Vahanian 2 weeks ago from LOS ANGELES

      However, the attempts to repeal the ACA have failed EVERY TIME! They should just work on fixing the flaws of the ACA instead of stealing healthcare from millions of people who need it. As for the taxes thing we will see if the GOP can do these tax cuts or not. If they don't do that successfully, it ill be bad for them because this has been the GOP's strong point. Trump was "elected" to do many things but he has accomplished very little in his time in office so far.

    • jackclee lm profile image

      Jack Lee 2 weeks ago from Yorktown NY

      All true...that is why Trump was elected to crack down on undocumented crossing our borders, renegotiate fair trade deals, reduce taxes to stimulate economy and repeal ACA...

      That is why the GDP is 3.1% this morning!!!

    • Ken Burgess profile image

      Ken Burgess 2 weeks ago from Florida

      If you remove political bias out of trying to figure out why the economy is bad, it is a pretty simple thing to do.

      When you have to conform it to political ideology, and make it an effort to blame one political party over another, you have to jump through some hoops and ignore a great many facts.

      The reason why our economy still struggles is simple. China is the #1 reason, the fact that their products enter America unrestricted and un-tariffed.

      Another reason is that our government (see corrupt Congress) does not enforce hiring laws on corporations allowing national companies like Toll Bros. and Tyson Foods to hire tens of thousands of undocumented workers rather than Americans.

      You could extend that to include the H1 & H2 - B visa programs which allow hundreds of thousands of American workers to be replaced by cheaper foreign labor, legally, thanks to a corrupt Congress that doesn't care about the American workers... they serve the interests of the corporations.

      We could also discuss how NAFTA, CAFTA, and many other trade agreements break down the American ability to compete with other nations via trade, open trade borders do nothing for the American worker, they allow companies to manufacture products in foreign countries and ship them back to America without taxation concern. This does nothing beneficial for America, or American workers.

      All this is great if you are a corporation, or bank, or mucker on Wall St. ...but if you happen to be an American worker, especially a laborer in construction, manufacturing, or processing, you are screwed by all of this.

      The documentary embedded into this Hub I wrote explains how this works, explains how our economy will never recover so long as Congress allows China to ship its products to America tariff and tax free, and so long as we maintain unfavorable trade agreements like NAFTA on the books.

      https://soapboxie.com/economy/China-overtakes-US-E...

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      Jack Lee 9 months ago from Yorktown NY

      Galoren, I am not heartless. I just believe in a different system than socialism. If the system you wish to have actually worked, I would have had no problem. The ACA has been a disaster and it will be repealed. We need a market driven solution for healthcare, not a one size fit all.

      As far as the current economic mess, it is on the shoulder of President Obama an dhis policies. You can blame Bush for maybe the first 2-3 years but after that it was Obama and he owned it. The primary reason for the poor recovery was the ACA act. It has prevented small business to hire.

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      GALoren 9 months ago

      This is for Jack Lee. Jack, you are a heartless human being. The reason why we, Americans who care about our fellow man, should pay for the health care of the less fortunate, is the same reason why those who serve in the military, do so to protect people like you. There is no difference. Americans should never let their fellow citizens who cannot pay for healthcare, die in the streets. Shame on you Jack

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      Ara Vahanian 16 months ago from LOS ANGELES

      The US has three branches of government, and there is a checks and balances system in place to ensure that no one branch has too much power. Yes, government does have its limitations. My feeling is that the GOP wanted Obama to fail as President and Senator Mitch McConnel met privately with others to discuss on what they could do to make sure Obama was only a one-term president. Thankfully that didn't happen. This Administration tried to create an alternate system of health care compared to what we had before. People can complain all they want to but complaining doesn't change the system. Just as a side note: no government is perfect but the US could and should be better than it is.

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      Jack Lee 16 months ago from Yorktown NY

      Where did you get the idea that the "responsibility of any government is to make sure that its citizens are well taken care of..."

      You have a poor understanding of our Constitution. I suggest you read up on what our government is all about. You can start by reading my American civics 101 hub.

      By the way, I would not recommend putting your trust on any government. The lessons of Katrina should remind everyone that government has limitations.

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      Ara Vahanian 16 months ago from LOS ANGELES

      That's one of the reasons why there has been the rise of parties such as the Libertarian Party. One of the main ideas of this party is that they want no government intervention in the lives of the people. On the other hand, it was under the presidency of Franklin Roosevelt that we adopted such programs as Social Security and public works projects, designed to get people back to work. The responsibility of any government is to make sure that its citizens are well taken care of. But how can we do this if one of the major parties opposes what the Executive Branch sets out to do?

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      Jack Lee 16 months ago from Yorktown NY

      Bad laws are repealed all the time.

      You can search on President Obama's speech back when he was still a Senator and he clearly said he wants a single payer system and that it will take 20 years to get there. He intended the ACA to be a stepping stone to his ultimate goal. How else will you explain the failed launch of the health exchange web sites? This is not rocket science. Websites like these are developed by agencies private and public all the time. The cost overrun is another matter. One of my other compaints about big government is that it is so wasteful with our tax dollars.

      Peace.

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      Ara Vahanian 16 months ago from LOS ANGELES

      Anything that is already signed into law cannot be repealed and overturned. If the GOP wants to enact a brand new system, they will have to debate it and both houses of Congress must vote and the majority must agree to pass it. And then the future president must sign the bill for it to become law. Why would the Obama Administration hope that this ACA fails? That part doesn't make sense to me. This has been a great discussion though.

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      Jack Lee 16 months ago from Yorktown NY

      Celebsfan78, I totally agee with your statement. Do you think ACA fullfill that promise?

      President Obama missed an opportunity to work on a compromised bill with the Republicans. Instead, he allowed the lobbists and the Insurance companies to write this 2000 pages of a monstrocity bill and forced it upon the people and over 70% disapprove. In my opinion, this bill was designed to fail. That is why the rollout web site was such a disaster. What the Administration is hoping is that the ACA will fail in afew years and the government will take the whole thing over and leading to a single payer system.

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      Ara Vahanian 16 months ago from LOS ANGELES

      I never suggested that healthcare should be free. On the contrary, the United States deserves to have a system where anyone that wants insurance can purchase it without having to pay so much money or to be told that their insurance does not cover a specific procedure because their insurance is an HMO (as an example). If countries such as Norway, Sweden, or Switzerland have universal health coverage, there is no reason why the US should not have it. The other problem is that adopting a universal health care system would cause an uproar from private insurers that would complain all day. We can't please everyone but citizens of this country should have the proper access to health care!

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      Jack Lee 16 months ago from Yorktown NY

      celesfan78, You have it backwards. The reason healthcare was more expensive before is that it was not fully privatized. One of the solution put by GOP was to allow insurance companies to compete across State lines. It is now expensive for a difference reason. The people who are covered most of them require government subsidies. That is spreading the cost among everyone else. I cannot debate the full ACA act with you, it would take too long. The proof is in the results.

      By the way, healthcare is not a basic human rights. It is not in the Constitution. Human rights are life, liberty and the pursuit of happiness... There is no free lunch, no free healthcare and no free housing or free cell phones... Some tax payer is paying for it.

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      Ara Vahanian 16 months ago from LOS ANGELES

      As far as I know, the GOP wants to privatize everything, that is why health insurance in this country has been so expensive. Because it has been privatized so that any insurer can charge whatever amount that they want to. Then you have someone like Bernie Sanders that wants to truly reform and change this country to make it better for its citizens. Marco Rubio had the audacity to claim that the United States is not Sweden (obviously not) but the problem is that the GOP will condemn any move that does not cater to its own interests and THAT is a major problem. Even if the ACA is expensive it is certainly better than what we had before.

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      Jack Lee 16 months ago from Yorktown NY

      Celebsfan78, I am glad ACA is working for you but have you thought about how a different plan could have fix the preexisting condition coverage and not cause so much disruption for the rest of us? That was the problem with ACA, it was not debated properly as it should. It was forced on the American people with one party support only. I predict it will not survive as enacted. The full impact will not be completed until Obama left office, by design. Many health exchanges are already failing. Republicans had an alternative plan but were not given any chance to discuss them. If you want, I can teach you more about the EPA and other government failures.

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      Ara Vahanian 16 months ago from LOS ANGELES

      Actually what some people may not realize is that the Affordable Care Act was started so that people with preexisting conditions such as myself can have access to health care. The idea that ObamaCare is a job killer may have some truth to it (depending upon who you ask) but the bottom line is that health care is a basic and fundamental human right. Before Obama took office, those with preexisting conditions such as myself could not even get health insurance. This is an employers market because that's the way that they want it to be. In their mind, it is cheaper to hire no one than to hire somebody that may desperately need a job! I don't know much about the EPA but I do know that Republicans have been playing games and THEY are the ones that always wanted to make sure that Obama failed as President because they had resented him all along, they probably planned to resent him as soon as he was inaugurated. As I was trying to point out, both major parties share the responsibility for the situation that we are in. We need to be focused on solutions instead of playing games.

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      Jack Lee 17 months ago from Yorktown NY

      In case you haven't noticed, it is the year 2016. You can make that argument in 2009 and 2010 and maybe 2011. It's been seven and half years since President Obama is in charge. The real reason the economy is sluggish and have been since 2010 is Obamacare or otherwise known as Affordable Care Act. It was a job killer and it turned out to be neither affordable or better care. Ask any small businessman what is preventing them from hiring more workers. The mounting government regulations by the various federal agencies such as the EPA has killed many jobs and lead to the failure of our coal industry. I can go on but your lens is clouded. Thou doest protest too much...