On Sun, Aug 7, 2011 at 11:13 AM, rigsy03 <[email protected]> wrote: > I think Obama will be re-elected or we will face riots. >
Well, that may be the case. I obviously think he's wrong on his economic views and the current situation after 2 and a half years of his policies would seem to bear that out to a reasonably minded person. However, he's not all bad. He's doing a bang-up job killing terrorists. Getting us embroiled in two extra wars by executive privilege probably wasn't a good idea but he's still a foreign policy rookie so I'm willing to cut him some slack. Besides, as Orn says, it's good for the economy to keep our warriors busy. He's made a few other good decisions such as abandoning the silly notion of trying terrorists on US soil and closing Gitmo and letting the Bush tax cuts expire. It's entirely likely he will eventually come around on other important issues as well as we get closer to November 2012. Our credit rating agencies have hopefully forced him to recognize the error of his ways and he will reform before elections take it out of his hands. One can only hope for the best but prepare for the worst. As much as the media is in his pocket it's disturbing to me how he's squandered his chances of making some real headway in repairing the economy. It's staggering really. To paraphrase Pink Floyd: what have we done obama what have we done what have we done to America should we shout should we scream "what happened to the post war dream?" oh obama obama what have we done? dj > On Aug 6, 4:48 pm, Don Johnson <[email protected]> wrote: > > Hm. I disagree with describing the times as febrile. Stagnate is more > like > > it. Perhaps the day traders are febrile but I have no respect or sympathy > > for them. The 500 pt. drop on the DOW represents a run to cash. Motivated > > less by fear, I think, then exasperation with a President and a Congress > > that fail to see the gravity of the situation and have the guts to do > > something about it. A government unwilling to even take half-measures to > > begin a recovery. In short, a response to cowardice and ineptitude. The > > deficit most trying us now isn't that of GDP to revenue it's lack of > > competent leadership. Instead we have a 'leader' completely blaming one > > branch of the government for all the problems as if 6 straight years of > > Democratic control of Congress had nothing to do with our current > problems. > > It shouldn't be that hard to admit there's plenty of blame to share > between > > all the branches including the Federal Reserve. Less partisanship and > more > > focus please. > > > > Unfortunately for us too much attention has been on deliberately > increasing > > the role of government in people's lives. It's expensive and it's > > inefficient. I understand TARP. I understand spending your way out of a > > recession. Perhaps it would be a good time to step up road repair and > bridge > > building and whatever infrastructure we might need in the next few years > and > > just borrow and get it done NOW. More importantly though we need a clear > and > > honest effort to reign in the reckless spending on entitlements. Our > future > > depends on it. Too much has been promised and the hard decisions on how > to > > break those promises have to be made but clearly they won't be by Barack > > Obama or this Congress. Hard times are coming; ya'll ain't seen nothing > yet. > > > > Vote change in 2012. > > > > dj > > > > > > > > On Sat, Aug 6, 2011 at 12:10 PM, paradox <[email protected]> wrote: > > > I hear you, rigsy. > > > > > Considering markets are often way ahead of the economic cycle, caution > > > might have best described the market lethargy prior to the fear driven > > > "correction" of the past week, all considered. The global economy has > > > gradually but steadily been absorbing higher commodities pricing, re- > > > configuring economic value space, and re-balancing global growth. It's > > > curious and unusual to see the markets well behind the curve, and > > > thats the work of naked fear, and opportunistic speculation (no > > > criticism, just observation). > > > > > The S&P action, unfortunate in its timing, is more a political rebuke > > > than a meaningful statement of financial "risk"; and yes, it's > > > significance is disproportionate; these are febrile times. > > > > > On Aug 6, 2:10 pm, rigsy03 <[email protected]> wrote: > > > > I would correct the term fear to caution which is a natural component > > > > of foresight. Some might call it a sizing up. For some reason, I am > > > > thinking of Ulysses- Homer's, not Grant. Perhaps the purpose of the > > > > Boy Scout motto, "Be Prepared"? Of course we cannot control all the > > > > factors that affect us in life but that brings to mind the over- > > > > controlled life versus one that adapts and is flexible- the extremes > > > > of being set in one's ways and the dewy naif who trusts all- > > > > everything and everybody. > > > > > > I find it troubling that the lead headline is S&P's rating versus the > > > > loss of our Special Forces. > > > > > > I have long thought that many survival/social instincts begin in the > > > > nursery among siblings as they vie for attention, position within the > > > > family- like children seem to hop on their own branch on the family > > > > tree in order to be unique or special. Those "skills" carry forward > > > > into school cliques and later work and social roles. > > > > > > Some have commented that S&P has no business rating anything since it > > > > is a private company or that the USA can carry any debt it pleases > > > > since it is the SuperPower above and beyond ordinary rules and > > > > policies. > > > > > > On Aug 5, 6:43 pm, paradox <[email protected]> wrote: > > > > > > > I recall an earlier post in which rigsy suggested an enduring > adaptive > > > > > value to the emotion of Fear; i was thinking about this today in > the > > > > > context of the global market gymnastics this week, akin to a > neurotic > > > > > on steroids; nothing fundamental or new in global economic terms > has > > > > > changed this week, no new notable insights of structurally > significant > > > > > proportions; in short, nothing new. Yet, we're 10%+ and 3 trillion > > > > > dollars worse of on Friday than we were this time last week. Was > this > > > > > not essentially what we developed Foresight to counterbalance, i > > > > > wonder?- Hide quoted text - > > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -
