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Will Obama help the Economy?

Now that the election is over, the big question on everyone’s mind is, “Can Obama deliver the change he promised?”  People all over this country are seriously hurting.  Many are losing jobs and others can’t pay the bills.  And so, there is a dependency on the government that is growing.  People have been reckless with their money, and they need a bailout.  This is tough, because you need to teach people how to fish, not just give them a hand out.
The market continues to go down in record fashion.  Many people feel that a depression is on the way.  What would that look like in this country?  This isn’t the same generation who knew how to hunker down and work hard.  We have a lot of spoiled Gen X’ers.  Will they be able to fight through these rough times.

Companies continue to report losses, and it looks to be a down year heading into the holiday season.  This is horrible news since so many retailers depend on the 4th quarter to break even.  And now, with fear in America’s minds, the wallets will tighten.  One sector that is expected to do well in spite of the recession is online retail.  Ecommerce companies sell nearly everything online including scrubs, marine corps rings and other merch.  Experts expect online sales to go up again as people are hesitant to spend money on gas and would rather shop for the best deals online.  So, this area of growth appears to be recession proof.  Don’t think Obama will have much impact here.

I am concerned in a plan to redistribute wealth.  It seems to me that people need education on how to handle money, not more money.  I guess it’s not a huge concern in the current state of the economy, but that’s where I would focus.

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