Barack Obama's Growing Pains And The Impact It Has Made On The Economy

September 11. 2012

President Barack Obama

As America rounds the home stretch into the 2012 Presidential election, President Barack Obama is being asked to defend his spending record and financial choices regarding the U.S. Economy. Obama with no experience in economics, entered office and spent the most money of any U.S. president in history. As a result, America is saddled with record toxic debt that made the financial crisis exponentially worse. 

Wealthy businessman Mitt Romney, who has decades of experience with finance is offering an alternative to Obama's economic problems, via running for president in the 2012 election

For Obama, these actions were based on trial and errors and said growing pains were undertaken in a risky manner that has not paid off. If Obama is reelected, it would be four more years of the same type of  excessive spending he has engaged in for the past 4-years. The question is can America withstand that or will it lead to greater economic collapse as the signs are currently showing , via greater unemployment, more foreclosures and business closures.