nohunta wrote:
So obama is in now. What i want to know is will his economic policy work. I was reading in another topic (Prop 8 ) that Obama policys were a fail. I wanted to know is it true or will he really bring the economy back up. Btw I AM 15 so no huge words (Barotrix-.-). I have read up on them but i dont necassarily understand them. I get the overall picture but i need it broken down ^.^
You're hearing that from people in that thread who really have no idea what they're talking about. No one really knows yet how his actual policies will work out... they will almost definitely differ from what he said on his campaign, 'cause just like all candidates he will have to adjust his policies to the presidential position.
Basically Obama wants to increase taxes on those making over $250,000 and decrease them on those making under that, to stimulate economic growth by bettering the condition of the middle class.
A lot of people greatly exaggerate this and say that Obama is a socialist, which he really isn't.
He is for socialized health care though.