Aa
Ok, there was a post encouraging Americans to vote. Any thoughts on the results?
I have been out of work for a while now because of the hep c and tx, so I have spent quite a bit of time watching the progress of the elections in the USA. It was so heartwarming to see the positive reactions to the elections from so many parts of the world. However, I do know our media can be biased, and I'm sure there were some very negative responses in the world, but I found it a moving event. He is only a man and I hope he can hold on to his ideals for American and our children but, as we all know "power corrupts and absolute power corrupts absolutely."
Wilful
Wilful
I think that if he would just address the nation it will help calm everyone down. Of course now that the election is over he would have to choose his words wisely or it could cause more damage than good. The Campaign Rhetoric and the unrealistic promises will no longer work. The Honeymoon with the Media is just about over and he will soon be the hunted.
He would need to propose a realistic plan (even if it is not a complete plan) and be truthful to the American People. Being kept in the dark is hurting us.
On another note I am impressed with the way the Senators are handling the Auto. Industry. Telling them they need to sell their Corporate Jets and when they come back with a plan, we’ll talk. This is sending a strong message to the American People and is helping to gain our trust.
He would need to propose a realistic plan (even if it is not a complete plan) and be truthful to the American People. Being kept in the dark is hurting us.
On another note I am impressed with the way the Senators are handling the Auto. Industry. Telling them they need to sell their Corporate Jets and when they come back with a plan, we’ll talk. This is sending a strong message to the American People and is helping to gain our trust.
I definitely agree with you. The economic crisis is a huge problem, which needs to be solved yesterday. I really hope it will not get to anarchy, that would be disastrous.
You could be right, but we don't have until January. I have completely changed my lifestyle. I have been poor in the past and know I will be ok, but this is a different culture today. Anarchy is a real possibilty, in fact I think many would welcome anarchy.
I wonder how much he can do and announce future decisions at this moment , not being the president, yet. As he has mentioned on several occasions, there can only be one president at a time. I am not sure how delicate this matter is, but I'm sure it is. I could imagine that he is lining up all his ducks and we will hear something in January.
Just a thought....
Just a thought....
Seems like a reasonable compromise. If Obama would just call a press conference and announce no new taxes, or a cut on capital gains, or will make Bush tax cuts permanemt, then I think the market would rally. His silence is disturbing and adding to the anxiety I think. I agree that if he stays quiet, we will definately go to 5000 and worse and a depression is immenent.
My personal view is that you need to incorporate both sides of the equation to get a balanced economy. Emphasizing one side over the other for too long distorts the economy.
A healthy economy requires an environment that allows business to grow without being overly taxed and regulated. It also requires a healthy consumer of the goods and services. I think the supply side folks are looking at one side and pay too much attention to taxes without looking at government spending and the health of the consumer.
We were so rich that mistakes took years before the impact was felt. We are not so rich any longer having squandered our wealth on too many useless projects while we neglected investing completely.
I think that the Reagan and Kennedy tax cuts worked so well because we were over taxing business and high net worth investors. Bush cut the same taxes too much and ran up a lot of debt because he didn't cut spending. He did cut investing though and that compounded the problem.
I think the main argument against supply side is it is a theory that deals with a part of the economy, but not all of it. Now we have a major problem on the demand side and that is very difficult to fix.
I don't think the price of Buffet's stock has anything to do with his talents. He is a long term investor and long term investments move up and down with the market during movements as severe as we are now experiencing.
I don't really think Obama is taking us in the wrong direction. He is looking for something to replace consumer spending to prevent a depression/deflation that is very hard to stop once it starts. Somehow, we have to find a temporary replacement of consumer spending and government sponsored infrastructure is being considered.
If the government sponsored infrastructure projects focus on things we really need, then it will help. If it ends up being make work or just pork then we are in big trouble. McCain proposed only supply side fixes,but there is no problem in the supply side: the ports on the east coast are filling up with imported cars that no one will buy. The same for retail inventory and computers.
I guess an analogy would be a car whose transmission fails and one mechanic proposes a fix to the clutch and the other proposes increasing the horsepower. Carter tried to fix the clutch when the engine was failing. McCain wanted to increase the horsepower when the transmission has failed and it remains to be seen what Obama will do. I only know what he says, but he will have to fight the corruption in the house and senate to make anything good happen. Since much of that is in his own party, I am not sure if he will succeed, but I am hopeful that he will.
The economic conditions of today are very much like that of 1929. So far, all the attempts to fix the problem have failed. The action of this week frightened me for the first time since the crisis started.
If Citibank collapses and the market breaks through the 2002 low (Dow 7250), we could see a market at 5000 or less. Then we could see a depression.
A healthy economy requires an environment that allows business to grow without being overly taxed and regulated. It also requires a healthy consumer of the goods and services. I think the supply side folks are looking at one side and pay too much attention to taxes without looking at government spending and the health of the consumer.
We were so rich that mistakes took years before the impact was felt. We are not so rich any longer having squandered our wealth on too many useless projects while we neglected investing completely.
I think that the Reagan and Kennedy tax cuts worked so well because we were over taxing business and high net worth investors. Bush cut the same taxes too much and ran up a lot of debt because he didn't cut spending. He did cut investing though and that compounded the problem.
I think the main argument against supply side is it is a theory that deals with a part of the economy, but not all of it. Now we have a major problem on the demand side and that is very difficult to fix.
I don't think the price of Buffet's stock has anything to do with his talents. He is a long term investor and long term investments move up and down with the market during movements as severe as we are now experiencing.
I don't really think Obama is taking us in the wrong direction. He is looking for something to replace consumer spending to prevent a depression/deflation that is very hard to stop once it starts. Somehow, we have to find a temporary replacement of consumer spending and government sponsored infrastructure is being considered.
If the government sponsored infrastructure projects focus on things we really need, then it will help. If it ends up being make work or just pork then we are in big trouble. McCain proposed only supply side fixes,but there is no problem in the supply side: the ports on the east coast are filling up with imported cars that no one will buy. The same for retail inventory and computers.
I guess an analogy would be a car whose transmission fails and one mechanic proposes a fix to the clutch and the other proposes increasing the horsepower. Carter tried to fix the clutch when the engine was failing. McCain wanted to increase the horsepower when the transmission has failed and it remains to be seen what Obama will do. I only know what he says, but he will have to fight the corruption in the house and senate to make anything good happen. Since much of that is in his own party, I am not sure if he will succeed, but I am hopeful that he will.
The economic conditions of today are very much like that of 1929. So far, all the attempts to fix the problem have failed. The action of this week frightened me for the first time since the crisis started.
If Citibank collapses and the market breaks through the 2002 low (Dow 7250), we could see a market at 5000 or less. Then we could see a depression.
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