The past week's sick roller coaster for those whose business is profit from the grease of REAL CREATION saw confusion by both nominees.
First McCain said the fundamentals were strong. Well if no one can borrow money there are no fundamentals even though for a while, when we need things we have to pay people and our employers still pay us, but eventually the larger failure insinuates itself.
Obama made things worse by crying 'crisis' in a self fulfilling scarefest.
By the end of the week McCain wanted the SEC chief fired (he is right), and Obama insisted that people on Main Street get the same consideration as Wall Street (of course he is right, but if that can be achieved by EITHER a repub or dem, pinch me, will you? It sure sounds good on TV, though.)
Neither helped define himself. Both can add the millions made by their advisers in the pursuit of that same greed, some from the same companies, that created the incredible near disaster of this past week.
This race is still controlled by the 5% of undecideds who look as if they are changing their minds every 7-10 days or so.
Obama certainly represents change, but I contend he will change to the SAME DEMOCRATIC MANTRA-ZONE of not Bill Clinton, but to a prior busted flush of social theories developed in reaction to 1972. Just look at Europe.
John McCain for all that he is does not fit CONSERVATIVE has completely failed to establish why he fails to fit. He is probably a republican for 2 reasons. First, he more numerously (by a very few) fits republican ideas, second and more important, THE MAN in local politics when he went into office was one Barry Goldwater.
But McCain has not made the case, except to shout REFORM, why he just doesn't fit with most 'conservative' Republicans, and more importantly, explained why this same case also means virtually all the claims made against WHO HE IS by Obama are thus TOTALLY ABSURD.
Just over a month to go, and 3 debates. Plenty of time to score.
But right now both campaigns are mired in claims that the other side are bigger liars than they are.
However the major issues remain.
This economy and the life of its workers and managers is for the most part at the mercy of the price of oil. McCain retains a significant reality based advantage.
International challenges are PROLIFERATING as old ones raise their heads along with the ones which rose to prominence on 9/11. Who you gonna call? Alinsky or the fighter pilot?
Business remains fragile as long as we import mass amounts of oil, and this will remain the case for a while (assuming we move our asses on energy) ..Obama still ernestly believes tariff and protection will actually PROTECT american workers..that in itself may portent world wide disaster.
Increased taxes on business...well..has that EVER worked? Instead offer tax credits to achieve what you need. Anyone doing that? Want more taxes? Then figure a plan to allow the pie to grow, and get more taxes correlative to that achievement. Being "neighborly" and "patriotic" are simply synonyms, in this case, for NO IDEAS and THEFT FOR LACK OF SAME.
And McCain still retains the unrecognized bona fides as agent of angst for the established way of doing things, while Obama will simply flip a switch to the socially engineered correct way
But no matter what you think, isn't it nice that Lehman Bros took with them in their death throes $300,000,000 of Mr. Chavez's Venezuelan cash on monday? One third of a billion.
ZAP.
Anyone wondering if that's why the govt let them go?
First McCain said the fundamentals were strong. Well if no one can borrow money there are no fundamentals even though for a while, when we need things we have to pay people and our employers still pay us, but eventually the larger failure insinuates itself.
Obama made things worse by crying 'crisis' in a self fulfilling scarefest.
By the end of the week McCain wanted the SEC chief fired (he is right), and Obama insisted that people on Main Street get the same consideration as Wall Street (of course he is right, but if that can be achieved by EITHER a repub or dem, pinch me, will you? It sure sounds good on TV, though.)
Neither helped define himself. Both can add the millions made by their advisers in the pursuit of that same greed, some from the same companies, that created the incredible near disaster of this past week.
This race is still controlled by the 5% of undecideds who look as if they are changing their minds every 7-10 days or so.
Obama certainly represents change, but I contend he will change to the SAME DEMOCRATIC MANTRA-ZONE of not Bill Clinton, but to a prior busted flush of social theories developed in reaction to 1972. Just look at Europe.
John McCain for all that he is does not fit CONSERVATIVE has completely failed to establish why he fails to fit. He is probably a republican for 2 reasons. First, he more numerously (by a very few) fits republican ideas, second and more important, THE MAN in local politics when he went into office was one Barry Goldwater.
But McCain has not made the case, except to shout REFORM, why he just doesn't fit with most 'conservative' Republicans, and more importantly, explained why this same case also means virtually all the claims made against WHO HE IS by Obama are thus TOTALLY ABSURD.
Just over a month to go, and 3 debates. Plenty of time to score.
But right now both campaigns are mired in claims that the other side are bigger liars than they are.
However the major issues remain.
This economy and the life of its workers and managers is for the most part at the mercy of the price of oil. McCain retains a significant reality based advantage.
International challenges are PROLIFERATING as old ones raise their heads along with the ones which rose to prominence on 9/11. Who you gonna call? Alinsky or the fighter pilot?
Business remains fragile as long as we import mass amounts of oil, and this will remain the case for a while (assuming we move our asses on energy) ..Obama still ernestly believes tariff and protection will actually PROTECT american workers..that in itself may portent world wide disaster.
Increased taxes on business...well..has that EVER worked? Instead offer tax credits to achieve what you need. Anyone doing that? Want more taxes? Then figure a plan to allow the pie to grow, and get more taxes correlative to that achievement. Being "neighborly" and "patriotic" are simply synonyms, in this case, for NO IDEAS and THEFT FOR LACK OF SAME.
And McCain still retains the unrecognized bona fides as agent of angst for the established way of doing things, while Obama will simply flip a switch to the socially engineered correct way
But no matter what you think, isn't it nice that Lehman Bros took with them in their death throes $300,000,000 of Mr. Chavez's Venezuelan cash on monday? One third of a billion.
ZAP.
Anyone wondering if that's why the govt let them go?
1 comment:
How bad was it? A plea from the "economically challenged" (and I don't just mean what they pay me at the bookstore)...
I understand that Something Very Bad happened to the economy this last week on the level of Something Very Bad happened in downtown Manhattan on 9/11/01, but being a hopeless squib about all matters financial I am still confused about What, How, and Why.
I've heard comments from the MSM ranging from it-will-sort-itself-out-in-a-few-weeks to "we were a hairsbreadth away from you go to the bank and the doors are locked and there's no money in the ATM".
Even when we think we are mentally prepared for disaster, the reality comes as a shock. The scenarios now being presented have a new urgency. I for one will be grateful for any and all economics-for-dummies explanations as to why the wheels nearly came off. And what to prepare for, realistically, in the future.
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