Monday, February 9, 2009

Monday Economics (2_9_09)

  I listened to Obama try to sell me on the stimulus package. I am just very skeptical, I applaud the Republicans for saying no. I applaud the 'blue dog' Democrats for at least trying to put some conservative sense to it. I am not surprised but I wish the media would use more critical thinking and realize that many Americans besides Republicans have serious doubts about this plan of action. The media needs to share some greater scrutiny with the American public as to what's in this bill.

 I do not like Obama using the term 'catastrophe' as the impending result if this bill is not passed.
I think that is very... well number one it's bringing Fear to the forefront in this rush for 'swift' approval concept. Two and more important is and this is the second or third time that I have heard Obama use such apocalyptic language in describing what may very likely happen in the USA. We may have a real crash, right now things are still humming, but there is a lot of paranoia and 'toxic debt' which actually is more than we realize, I think many Americans who haven't been laid off yet are rightly reining in our overspending ways. Credit card debt is no good. There maybe way more in the 'toxic debt' department but let's not worry about that until it happens. We may very well have a greater crash, what is a President to do, bemoan and wail that we have a catastrophe on our hands. I hope not. Be confident in the American People and this Country if we have to hit bottom and work our way back up, no problem. We are tough or we will become tough those who are survivors and I expect that to be the case with most Americans. NO problem let's face our problems and not paper over them with freshly printed money courtesy of China. Talk about creating future toxic debts and I hope someone asks Obama at tomorrows press conference how does he foresee the sale of bonds to foreign countries? Has he had some in depth discussions with his advisors on this subject? Maybe he can explain to US (us) how that works? I know it will be done, I know it's been done in the past, but at what point down the road are we going to be in for trouble. Has he and his advisors tried to look ahead and get a sense of what scenarios might play out. Let's say if despite the big stimulus, the 'jolt', that somehow lets say it doesn't exactly show big results soon and for some strange reason Banks and Credit Card Companies etc those guys just keep on bleeding etc... You know what I am getting at.

  I think he has learned from George Bush remarkably well. You are either with us or with the terrorists. Now it's 'are we equal to the task'. What task? Passing this $850 Billion dollar bill. So if I disagree with your plan that makes me not equal to the task. Equal to the task of having full faith in the Presidency? I am going to stay skeptical there is no way I can fake it. 16,000 jobs in Maine, that is awesome, that is incredible I guess I'll have to wait and see. At what price 16,000 jobs in Maine? Sorry to my two Maine Senators who got sold on this project. What is the impact of 16,000 jobs in Maine? What is that all about tearing up the wilderness so more rich bankers can have summer cabins the size of.... Whatever? Who knows?
Om. Nobody knows what they are about to approve. Nor what it's impact is I am afraid the EIR for this project would not be a pretty sight for those who love the remaining Nature in the once America the Beautiful. No EIR necessary, no public knowledge necessary, when it fails blame the Republicans. Or maybe that Guy right over there.... what? Yeah you Mr. Bad Atitude, who doubts that the New Age has come and who greets every new venture this President announces, one of the greatest of the great Presidents, with skepticism and a critical eye... sorry years of observation of our fine leaders.

 I am into the New Age. Truly. Just today I said to myself forget Someday Somehow. That's over, that's old. It's now This day This way.. as it Is.  Can You handle it? I am moving in that direction. I am Beyond Hope and that's where I'll probably stay. Beyond Hope.

 Guy

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