Changes

The '''Obama administration corporate bailouts''' which occurred during the 2009 economic crises poured money into corrupt and inefficient corporate entities and decreased the efficiency and productivity of the American economy. The occurrence of the corporate bailouts by the Obama administration was not surprsing given that [[Wall Street]] firms were among Obama's biggest campaign supporters.<ref>http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638</ref>  Rather than investing in corrupt and inefficient businesses due to political considerations, given the relative greater efficiency and dynamism of [[capitalism]], the Obama administration should have allowed the capitalist forces to cause a more rapid allocation of economic resources.  Allowing market forces to allocate resources instead of government bureaucrats to allocate economic resources due to political considerations would have caused the [[United States]] economy to recover more rapidly.  A 2005 study found that corporate bailouts are often done for mere political considerations and cause unproductive allocations of economic resources.<ref>http://papers.ssrn.com/sol3/papers.cfm?abstract_id=676905</ref>

The '''Obama administration corporate bailouts''' which occurred during the 2009 economic crises poured money into corrupt and inefficient corporate entities and decreased the efficiency and productivity of the American economy. The occurrence of the corporate bailouts by the Obama administration was not surprsing given that [[Wall Street]] firms were among Obama's biggest campaign supporters.<ref>http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638</ref>  Rather than investing in corrupt and inefficient businesses due to political considerations, given the relative greater efficiency and dynamism of [[capitalism]], the Obama administration should have allowed the capitalist forces to cause a more rapid allocation of economic resources.  Allowing market forces to allocate resources instead of government bureaucrats to allocate economic resources due to political considerations would have caused the [[United States]] economy to recover more rapidly.  A 2005 study found that corporate bailouts are often done for mere political considerations and the resources allocated exhibit significantly worse economic performance. <ref>http://papers.ssrn.com/sol3/papers.cfm?abstract_id=676905</ref>

Top trend forecaster [[Gerald Celente]] predicts that the corrupt economic policies of the Obama administration will lead to a second [[Great Depression|great depression]] that will be more severe than the great depression in the 1930's (Celente predicted the 1987 US stock market crash, the dot.com crash, the US 2008/2009 recession, and the collapse of the USSR in the early 1990s) and may lead to a "second [[American Revolution]]" (Celente predicted the [[Tax Day Tea Party|tax protests]] that are now occurring in America).<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref>  Celente also asserts that the costly and inefficient temporary short term methods that the Obama administration is using to alleviate economic problems in the short term (which are causing massive increases in deficit spending) is only making matters worse and will not prevent the worse economic depression in United States history from occurring.<ref>http://www.youtube.com/watch?v=_C8K7rWkGGw</ref><ref>http://www.youtube.com/watch?v=1LBffdIW0XA&feature=response_watch</ref>

Top trend forecaster [[Gerald Celente]] predicts that the corrupt economic policies of the Obama administration will lead to a second [[Great Depression|great depression]] that will be more severe than the great depression in the 1930's (Celente predicted the 1987 US stock market crash, the dot.com crash, the US 2008/2009 recession, and the collapse of the USSR in the early 1990s) and may lead to a "second [[American Revolution]]" (Celente predicted the [[Tax Day Tea Party|tax protests]] that are now occurring in America).<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref>  Celente also asserts that the costly and inefficient temporary short term methods that the Obama administration is using to alleviate economic problems in the short term (which are causing massive increases in deficit spending) is only making matters worse and will not prevent the worse economic depression in United States history from occurring.<ref>http://www.youtube.com/watch?v=_C8K7rWkGGw</ref><ref>http://www.youtube.com/watch?v=1LBffdIW0XA&feature=response_watch</ref>