Are you not paying attention to the financial news? We're in for a pretty rough ride coming up no matter WHO is elected next month. Neither Obama NOR McCain has any magic bullet in their back pockets to "fix" the current economic mess, at least not in the sense of "make it all go away."
It took years of terrible policies by the Bush administration (and other factors) to get us into the "perfect economic storm" we're in right now, why would anyone think it won't take years of even the best policies to get us out? In fact, this has been one of the ONLY things I've seen that's even vaguely tempted me to hope McCain wins the election: that the next President - no matter WHO he is - is in for a bruising (as are we all) on the economy. Leaving McCain holding the bag might have the possible up-side of breaking America's two-decades-long enchantment with the ruinous policies of modern conservatism.
But that's not a sure thing, not at all, and furthermore, I realized that guys like Lee Atwater and Karl Rove will ALWAYS find a way - however much lying or suspension of disbelief it requires - to blame Democrats for the problems caused by conservative policies. Did your President spend the last eight years on a disastrous spending credit-card-fueled spending binge? Say the Democrats are "tax and spend." Did we alter the two hundred year old policy of preemptive defense to one of PREVENTATIVE war, and invade a country which hadn't attacked us on false and ginned-up evidence? Claim that the other party's nominee wants to invade another country. These are guys who operate on the level of my five-year-old when it comes to taking responsibility: avoid and deny at all costs. It's common in five year olds....it's not supposed to be in adults - but it seems to be in a certain stripe of conservative. That's why Richard Clarke's statement in public "Your government failed you....I failed you....and I'm terribly sorry" was so astonishing: because we'd never seen it before, and haven't seen it since, out of a member of the Bush Administration.
The markets are tanking because they forsee Obama as president.
I'm sorry, but neither you nor anyone else has presented any actual evidence that this is true. You've said it several times, but - again, as my five-year-old sometimes says - saying so doesn't make it so.
The article says that the view expressed in it is a minority view. Since "the markets" is not one person or even a small group, I would think the view expressed here would have to be a majority view to have such a phenomenal impact on the markets.
The markets are tanking for a bunch of reasons, but mainly because the country is completely overextended and much of the world economy with it. This crisis is so severe that I really think that the presidential race is a minor factor in how the DOW swings.
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WE WILL ALL BE EMOTIONAL IF OBAMA IS ELECTED - SOME WILL BE ELATED - SOME WILL BE DEVASTATED.
Sopal
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I disagree that a lot can not happen in four years - for the positive or the negative.
Are you not paying attention to the financial news? We're in for a pretty rough ride coming up no matter WHO is elected next month. Neither Obama NOR McCain has any magic bullet in their back pockets to "fix" the current economic mess, at least not in the sense of "make it all go away."
It took years of terrible policies by the Bush administration (and other factors) to get us into the "perfect economic storm" we're in right now, why would anyone think it won't take years of even the best policies to get us out? In fact, this has been one of the ONLY things I've seen that's even vaguely tempted me to hope McCain wins the election: that the next President - no matter WHO he is - is in for a bruising (as are we all) on the economy. Leaving McCain holding the bag might have the possible up-side of breaking America's two-decades-long enchantment with the ruinous policies of modern conservatism.
But that's not a sure thing, not at all, and furthermore, I realized that guys like Lee Atwater and Karl Rove will ALWAYS find a way - however much lying or suspension of disbelief it requires - to blame Democrats for the problems caused by conservative policies. Did your President spend the last eight years on a disastrous spending credit-card-fueled spending binge? Say the Democrats are "tax and spend." Did we alter the two hundred year old policy of preemptive defense to one of PREVENTATIVE war, and invade a country which hadn't attacked us on false and ginned-up evidence? Claim that the other party's nominee wants to invade another country. These are guys who operate on the level of my five-year-old when it comes to taking responsibility: avoid and deny at all costs. It's common in five year olds....it's not supposed to be in adults - but it seems to be in a certain stripe of conservative. That's why Richard Clarke's statement in public "Your government failed you....I failed you....and I'm terribly sorry" was so astonishing: because we'd never seen it before, and haven't seen it since, out of a member of the Bush Administration.
I'm sorry, but neither you nor anyone else has presented any actual evidence that this is true. You've said it several times, but - again, as my five-year-old sometimes says - saying so doesn't make it so.
You know you're just wasting your time, don't you?
LOL!
Great Article!
Not a scientific survey, but interesting nonetheless:
http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=12342127
The Economist's poll of economists
Examining the candidates
Oct 2nd 2008 | WASHINGTON, DC
From The Economist print edition
In our special report on the election we analyse the two candidates’ economic plans. Here, we ask professional economists to give us their views
Sopal
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The article says that the view expressed in it is a minority view. Since "the markets" is not one person or even a small group, I would think the view expressed here would have to be a majority view to have such a phenomenal impact on the markets.
The markets are tanking for a bunch of reasons, but mainly because the country is completely overextended and much of the world economy with it. This crisis is so severe that I really think that the presidential race is a minor factor in how the DOW swings.
Pages