Did some people actually vote for Obama because they thought he was going to give them money? If this is true, what are these people going to do when they find out they will not be getting anything? The truth is that Barack Obama doesn’t have any money to give out and as a nation we are pretty much bankrupt.

This is a trying time for our country and many people are just not educated about the situation. They fail to understand how the economy works. Many of them think the government magically has unlimited resources. This could be why so many people voted for Obama as they were thinking they were going to be getting something for nothing. If the economy continues to go downhill, what is going to happen to his popularity?

The US government has no money to give and a lot of businesses are going bankrupt. The government can just print more money (and they often do) but that devalues all the existing dollars and hurts everyone in the end. That has never stopped them from doing it but someday it will catch up to us and we will have very high inflation.

Obama is also tackling student loans and hoping to take private industry out of the equation. The argument is that private industry is trying to make a profit on our children’s education when in fact perhaps that is wrong. There is much disagreement about this but one thing is for sure: colleges cost too much and our kids start off in life with a huge college loan they have to dig out from under. Obama may be doing many things wrong but in this one area of student loans he may have the right idea.

Whether all this spending the US government is doing will end up working to keep our country out of trouble is yet to be seen. It could work but since we have never been in this predicament before, no one knows whether it will work. It may also put our country in a deeper hole than ever before too.

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