Yet, Obama failed to act strongly by signing the 1st Porkulus Bill at nearly a TRILLION dollars and now he is promoting Porkulus II. Then there is the UAW bailout that was not needed. Add the fact that he won;t secure out boarders which is bankrupting California and a huge burden on many other states and all tax payers.
China and our other lenders will just string us along and then shut down our credit when they think it will hurt us the most. Yes, we import trillions of thier mfg junk but hitting us economically is more to thier interest.
What we need to do is reduce the money we are spending so that we can get back to a pay as we go budget. Cut all the money we send overseas, stop wasting money on the Global Warming hoax, get out of Iraq and drastically cut most domestic spending. Obama should lead by example by cutting his wife's staff, and quit taking all of these useless trips abroad since he is clueless about National Foreign Policy.
Any idiot can spend money but, it takes a real leader that can solve problems without over-spending.