http://blogs.reuters.com/great-debate/2008/11/07/after-victory-a-reality-check-for-obama/ Here is what could be..... 10% consumption tax only..... Jobs would start in droves.....a lot of them by foreign investment because of cheaper US taxes.... Removal of Legal Largesse..... Cut the government in half by 2010.... When the economy declines....so should the size of government.... Establish a worldwide direct access exchange..... The most efficient capital in the world.... Totally new oversight ...Ban the SEC.... Computer bank redundency in key markets.... All entries are boilerplate....cheap....easy to supervise.... Establish local township government..... Ability to manage Education by internet..... Reduces all educational costs.... Medicine..... No longer a business Generic drugs Community clinics Innovations rewarded.... Transportation Nat Gas and Batteries Innovations rewarded Energy New nonpolluting and cheaper innovations Innovations rewarded Banking....local asset based lending only.... Why? Look around.....what banks are doing well now....and why.... .......................................................... The above will work..... Furthermore it does not help that Obama is surrounding himself with FNM FRE board members.... Obamanomics as proposed....will not work...... Honeymoon is over before it starts.... As I have mentioned before...the 2 party system has got to stop....The US is going to find this out for certain...this time around.... Change alright.......Not good.....Where? Just another lawyer with a podium....so far.....
The U.S. is going to find out much much more than that in the next 4 years. Actually the next two years will be very ugly!
You miss the whole point of the Obama message. It's all about feeling good and 'fair' for his demos, its got nothing to do with with growing an economy. Remember that when he started campaigning there wasn't a crisis as large as this one, his team quickly assembled a message, and that's all it is, that they thought would win. His 'policy' is nothing but an assemly of old cliches out of the left playbook. The fannie and Freddie criminals are ok, they were demos. It's ok to enrich yourself as the CEO of a failing company as long as you are a democrat. Raising cap gains is a proven money loser as far as tax revenue is concerned, so why is he doing it? 'fairness' Some talking head said he could be the next FDR. If so, you may as well shut out the lights on this economy. FDR didn't have a clue, he bumbled around with all sorts of crap including things to make people feel good like digging tranches.
You're correct about that, of course. However, all of the NObamabots will be shown to be just as wrong as were Bush supporters. NObama has the potential to do even MORE HARM to America than did Bush... and that's saying a mouthful.
I have some thought and want to gain some feedback. I have heard it said often that we should respect the office of president even if we don't respect the man who occupies it. However, if the first and most important duty of the President of the United States is to uphold and defend the Constitution then Obama will never truly be president. None of us owe fealty to a man who so obviously holds that document and the men who wrote it in contempt. Until Obama is able to prove that he intends to fulfill that most important obligation of his office we need not trouble ourselves about respect or recognition. When Bush leaves office, America will have no President. As regards who to blame for the current state of affairs, I blame the American people. Half of the country has become a flock of dull, indolent, and ignorant sheep that follows whichever politician promises to enable their indolence to the greatest extent. They care nothing for the country, only for their own particular interests. They care nothing even for human life if it interferes with their pursuit of freedom from responsibility and accountability. They are America's shame. May they become slaves to their democratically elected master.
no doubt obama's policy is bad for the stock market.......not necessarily the whole economy. It's Bush's fault that America wants a bigger govt. I voted for Obama knowing that my imcome may suffer. I'm sure many Americans did the same.
It is amazing how so many supposedly educated people miss this one concept.... You cannot demand more from less, and expect the total to grow.... ................................................................................................ One has to plant seed....fertilize...and nourish the plants...to expect to harvest a lot of fruit.....The trees that produce the fruit must be multiplied, protected, and nourished.... ................................................................................... It does not get more basic than understanding this...... .................................................................................. Reason number 1: Lawyers in general know nothing about economics but yet control the US.... Reason number 2...Lawyers control the US government and the Securities markets.....and do a lousy job of it because of the inherent conflicts between government and corporate employment....Think not ? There are articles in the news continually on this very topic..... ....................................................................................... Right now.....the fruit trees are being chopped off and burned for firewood..... It will not be long before there is no more fruit....Welcome to the biggest Haiti of them all.... .................................................................................. ie The simplicity of it.....GM,F,C People want to buy a vehicle that gets from point a to point b... A vehicle is not medical, retirement, having to hire the wrong people,....etc...., purposeful future parts failure......etc.... A vehicle is actually the parts that make up the vehicle.....nothing else...This is what people want to buy..... ................................................................................................. Obamanomics as proposed just chops down and burns more trees..... Pretty soon....HAITI has a big sister..... .................................................................................... Here's another one ....that even the ex head of Harvard who may be the next head of treasury will not understand.... Pension A buys stocks for its portfolio.....In the early years the pension managers knew that people wanted and needed transportation.....Thus they bought GM, F, C.....Then as time went on, people who worked at the plants wanted the plant to pay for their medical and other costs that they should have paid on their own.......Then the cars became something other than cars....but you could not visually see what part was not a car, and what part was a car......whereas in reality 40% of the car were costs of things that had nothing to do with a car...because of lawyers impositions..... The carmakers also had pension plans that had billions in stocks....In the past when a stock was bought, the bid was 32.00 and the ask was 32.75, and another $1.00 was paid in commissions.... Thus one paid $1.75 in transaction costs..... Then in 1998, the bid was changed to $32.05, and the ask to $32.06, and the commission was .2 cents for a total of 1.2 cents.... But Obamanomics came into power and wanted pension plans to go back to paying the $1.75, because traders commissions were responsible for price losses in houses....But because of the lawyers in Obamanomics, costs to pension plans were increased over 100 fold.... ........................................................... Just think......what a great thing that Obamanomics is for the US...and for the world !!!!!!!!!!!!! You want to turn $1,000,000 into a $1.... Just Obamanize it.......its a wonderful feeling !!!!!!!