First 100 Days
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I realize that we’re barely a month into President Obama’s administration, but I’m wondering what is the plan for his twin themes of “Change” and “Hope” voiced during the campaign. So far it seems that what he meant was we’re going to change back to the Clinton administration and hope that no one notices.
Or am I missing something?
I find it odd that a message of “Hope” has turned into a tone of “Despair”. And he’s going beyond Clinton.
To all the aspiring political analysts and senior economic advisors in Registered Rep forum land. What is your proposal to save our economy and get it passed by Congress?
[quote=jkl1v1n6]To all the aspiring political analysts and senior economic advisors in Registered Rep forum land. What is your proposal to save our economy and get it passed by Congress?
[/quote] 1. Seriously address the coming entitlement spending crisis. 2. Balance the budget. 3. Put some kind of political control over the Fed and the Treasury to stop them from taking on more public debt. Most of our problems are political, not economic, imo.[quote=buyandhold][quote=jkl1v1n6]To all the aspiring political analysts and senior economic advisors in Registered Rep forum land. What is your proposal to save our economy and get it passed by Congress?
[/quote] 1. Seriously address the coming entitlement spending crisis. HOW? 2. Balance the budget. HOW? 3. Put some kind of political control over the Fed and the Treasury to stop them from taking on more public debt. HOW? Most of our problems are political, not economic, imo. [/quote] We all are aware of the broader things that need to be done. The question is how can these things be done? We can all sit here and play Monday morning economist or pundit and bitch about Obama and his plans but nobody has yet to come up with anything let alone anything better. The truth lies in the fact that what you said about problems being political. Until those on both sides come together and get behind a plan instead of posturingm, nothing will work.[quote=jkl1v1n6] To all the aspiring political analysts and senior economic advisors in Registered Rep forum land. What is your proposal to save our economy and get it passed by Congress?
[/quote]
How about a little of the transparency that was promised?
Why, for example, did a news network have to go to court and sue to have the Treasury disclose what it did with the peoples’ money?
Stop mark-to-market accounting today. Re-enact the uptick rule for short sales. Let the banks fail, and then sell off their assets. Companies would buy those bad mortgages at pennies on the dollar.
Then, when (or if) the mortgage fails, they have a nice piece of real estate somewhere that they can turn around and resale. Yeah, this would kill home values. Super painful in the short term, but better for everyone in the long term. True capitalism works. "The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries."Churchill, Winston (after all, he was part American Indian)
Churchill was also the guy to say something like:
"The best argument against democracy is a five-minute conversation with the average voter. "
Got to appreciate the cynicism
[quote=now_indy]Stop mark-to-market accounting today. Re-enact the uptick rule for short sales. Let the banks fail, and then sell off their assets. Companies would buy those bad mortgages at pennies on the dollar.
Then, when (or if) the mortgage fails, they have a nice piece of real estate somewhere that they can turn around and resale. Yeah, this would kill home values. Super painful in the short term, but better for everyone in the long term. True capitalism works. "The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries."Churchill, Winston (after all, he was part American Indian)[/quote]
Great post and I agree 100%
[quote=ExPropTrader]
[quote=now_indy]Stop mark-to-market accounting today. Re-enact the uptick rule for short sales. Let the banks fail, and then sell off their assets. Companies would buy those bad mortgages at pennies on the dollar.
Then, when (or if) the mortgage fails, they have a nice piece of real estate somewhere that they can turn around and resale. Yeah, this would kill home values. Super painful in the short term, but better for everyone in the long term.
True capitalism works.
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries."Churchill, Winston (after all, he was part American Indian)[/quote]Great post and I agree 100%[/quote]
I whole heartedly second that! True Capitalism works!!