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- #61
Cessna:
That's a CJ4, by the way! (I'm just poking some fun on that one)
Here's why Obama is failing..
1) He fails to address the fundamental realities of our shift to a service economy wherein the "old school" medicine of "stimuli" and other voodoo work much differently now than during FDR. Economics models are stuck in the 19th/20th century..
Oh, my dear, dear friend. I'm sorry - but did you just say a $14 trillion "service based economy?" And, how exactly do you plan to sustain that hat trick into the 21st century and beyond?
Oh, my goodness! Did you really just say that??? I'll give you a chance to type it over, because that was a fatal strategic debate blunder if I've ever seen one.
I'm sorry - you want to sustain what exactly? Oh, I get it - you think we can sustain a $14 trillion Dental Office??? Are you serious? Come on, guy. You can do much better than - we will reclaim our economic place in the world by making not 5 billion, but 5 trillion McDonalds Hamburgers! Come on, folks! If you are going to participate in this thread, at least post something worth of a serious reply.
Obama, fails, because he refuses to recognize our new position in the world as top insurance sales region of the world??? Really? Try again, please.
2) He fails to address a SOLUTION to balancing our economy with a revigorated manufacturing/technical base that will provide MORE jobs/ capitalbuck than a service economy.
Where have you been for the past 5.3 years! This is precisely what the President talked about out on the campaign trail, and precisely what the President has been talking about ever since he came into office. I mean, come one, folks! Clean the wax out of your ears and turn off Fox News. That stuff will decay your brain, if you watch it too long.
This President, has been out there talking to people all over the country and potential trading partners around the world, about moving the U.S. economy to a new model that engages technology, expressly new energy technologies, so that we can not only manufacture the products that Americans use here at home, but so that we can also patent the technology and the processes, for the express purpose of exporting and selling it to our trading partners abroad!
He's been talking about this since long before he became President - where on earth have you been, sir?
3) He is totally vested in the false impression of the GOVT as a weapon against the free market. Seizing every opportunity to make that point clear. THere's hardly a profession that he hasn't denigrated lately and repeatedly.
Look, you will never get anywhere with distortions like this. This is called hyperbolic distortion. You call it "a weapon against the free market," when in reality the President is taking a stance with (not against) the American People, when the American People are the ones who keep having to foot all the decade long bailout packages that keep rising to the surface ever few years.
President Obama, is simply telling people that it is high time that corporate leaders who CAUSE crises, be held accountable and remain intellectually honest enough to admit their culpability and start engaging in more common sense policy that helps the nation to AVOID these catastrophes before they happen.
But, if all you do is filter out these actual statements by the President, in favor of some warmed over Rush Limbaugh, re-interpretation of what the President actually says, then you will never reach a level of understanding about what the President is actually trying to accomplish with the trust the American People placed in him on November 8th, 2008.
I caution you, to stop politicizing everything in sight! It is not health for our Democratic Republic.
4) The Pelosi/Reid/Obama gang has dumped HUGE smoke bombs on clarity for business. Haven't actually produced a real budget in 2 years. Haven't clarified the contents of Dodd-Frank which is gonna continue to get written probably til we're gray. Haven't developed a coherent workable energy policy based on the failed "GREEN jobs" meme. MUCH too much emphasis on that voodoo -- instead of on REAL Science/Technology based 21st century jobs.
Ok, so we finally found some common ground, here. Finally!
First, as a Trader - I am sick and tired of hearing the market complain about needing clarity from the White House. Look, Traders! It is NOT the President's responsibility to grow your account balances. That is YOUR duty as a Trader, Fund Manager and/or one who places their capital at risk in the markets each day.
You are supposed to be making investment and trading decisions based on either the Fundamentals of the market, or the Technicals of the market, not what Congress, or the President, may or may not say in a press conference. I'm so sick of hearing that each day of the week, that I hardly know what to do with my ears when I hear that nonsense. Your loss of capital is NOT the President's fault. You need to be aware of your market positions at ALL times and you need to simply stay out of markets that you do not understand.
When I trade the markets, I cannot lay blame for my losses on the head of the President. The buck stops with me - period. I control my accounts, I control my mouse and I control the decisions I make each and every day in the markets, not Polosi, not Reid and not Obama. Me. I'm the man when it comes to my market entry/exit decisions and no one else.
Now, with respect to the budget, I'm in total agreement. As an Independent, I think it is ridiculous that we can't get a not just a budget, but a balanced budget from this Congress and this President - for that matter, from ANY Congress and from ANY President. Not because it is good for Wall Street - Wall Street can take care of itself. But, because it is quite simply the proper way to run your business and the United States of America is the biggest business on the planet, save China, which is a serious nation on the move with a very serious economic advantage over the U.S. right now.
Third, I agree. There needs to be a LOT more clarity brought forth on Dodd/Frank. Some of the aspects of FinReg simply don't make any sense - especially some of the new regulations that deal with U.S. Citizens not being aloud to engage in certain types business relationships with foreign banks. If I feel like I want to establish a relationship with a foreign bank, and engage in specific types international transactions from U.S. soil, then I should be allowed to do with my money as I see fit, not a some politician decides for me.
At the same time, people need to take it upon themselves to go READ the legislation as it stands, so that they can be aware of what it proposes. Having said all of that, this does not mean that all of Dodd/Frank is draconian, hurtful to the economy or somehow a usurpation of the rights of the People.
If I had my way, the core tenets of Glass-Steagall would be re-enacted and retail banks would be requires to behave like retail banks, while commercial banks would be required to behave like commercial banks, and private banks would be responsible for their own losses and responsible to their trusting depositors. Derivatives would come from private banks and financial institutions designed expressly for such purposes as are related to such investments and there would be no undue counter-party risk adversely affecting the core investor, stockholders and none that would enable catastrophic systemic failure of the entire financial system.
The fact that we allowed that to happen in the past, is repulsive to common sense.
Regarding Green Jobs. The issue is not that the President failed at anything, but that you don't (cannot) rebuild an entire economy overnight, predicated on a completely different paradigm. This is again, one of those convoluted lies that constantly get told about this President's performance. Common sense should tell us that we won't be able to replace a predominantly fossil fuel based economy, with a pure green economy, over night. However, that has not stopped this President from constantly using the bully pulpit to discussion the need for transformation in the future AND his ideas on how we get there - which is precisely what I hear this President saying, whenever he talks about the future of Americas Economy and the role we should play in the world when it comes to green technologies.
Real science comes from real investment and you are not going to get the petroleum companies in this world to start investing in such technology and science, until they have no choice but to do so and right now, they have the options, which is to continue to pollute our environment with oil spills and carbon based emissions.
In the meantime, this is a place where Government can start to make a real difference by investing in such technological development, both in government and in the private sector. Government should be working closely, like in China, to help bring online new consumer based technologies that help to move our nation from our dependence on oil.
Right now, China, is developing a new kind of Nuclear power plant technology, that will revolutionize the entire Civil Nuclear Industry. They have figured out a way to produce clean nuclear energy, without the risks associated with core reactor meltdowns, even if the reactor is shut down rapidly. We don't have such technological research being conducted and supported by our government, here in the United States. So, when China, finishes with its proof of concept/pilot program, it will become the defacto leader in Civil Nuclear Energy production. That is a massive shame and a serious blight on our ability to keep up with whats going on in the world and to stay on top of the technology curve. We are about to lose Civil Nuclear - did you realize that?
5) Have created an increasing advantage for large corporations over "venture capital funded New" corporations. THe barriers are higher and endless.
Make some sense out of this by actually explaining HOW the President did that, please?
6) Not following thru with resolving trade policy with China, the multitudes of wars, and foreign policy which is now virtually indistinguishable from his predecessor.
Now virtually indistinguishable from his predecessor, is another hyperbolic instantiation of a lie told by the Right. You cannot and should not pack-up your military from a war zone and go home. That's dangerous and un-supportive of the Troops still on the ground. We literally built a new city in Iraq. You don't tear that down in a matter of days, or weeks, yet this President has continued with the winding down of the war in Iraq, and official combat missions have been over for a long time now.
With respect to Afghanistan, he campaigned on taking the fight to AQ/TB in both Afghanistan and Pakistan, until the Afgan government was able to stand itself up. That was always the plan, it has not changed, regardless of how many people attempt to put words in the Presidents mouth.
Largely -- like you --- he's attacked, denigrated and belittled anything to do with free market economics. No wonder you think he's wonderful..
I guess now you know a bit more about my views on Economics and why your last comment sorely misses the point entire.
There's more -- but I've got a job to do..
Whenever you find more hyperbole, this thread will be right here.