Barack Obama!

Doris said:

My intuition tells me this time maybe Darwinism will prevail... as each country dusts itself off, led by China.

It might look like bankers/consumers are being offered gin or vodka - but could it be water in this heat?


Must it be flattening the storm-ravaged property and building again from scratch and not be curbed at recession status?

That terrifies me Wayne!
Remember what followed the last two global depressions where this happened?
Gaza is being set up in readiness for WWIII.
I vote recession only!

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Obama Predicts 'Trillion-Dollar Deficits for Years to Come'

President-elect Barack Obama predicted Tuesday that the nation could see "trillion-dollar deficits for years to come," but said the country needs to continue spending taxpayer dollars to get the economy back on track.

Obama, speaking to reporters at his Washington transition office, said he didn't want to get into specific budget numbers because his proposal is still being worked out with lawmakers and has yet to be submitted for debate. But he expects a trillion-dollar deficit before the next fiscal-year budget is even proposed.

"We're already looking at a trillion-dollar budget deficit or close to a trillion-dollar budget deficit, and that potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on at this point,The president-elect was lobbying Capitol Hill as the 111th Congress convenes, attempting to pitch an economy recovery package estimated to hit about $775 billion.

Asked about concerns of increased deficit spending, Obama said: "We know that we're going to have to spend money to jump-start the economy."
" Obama said.

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wayneL said:

Without at least a deep and prolonged recession, the masses of debt binge and boomer bubble malinvestment will survive, setting us up for certain depression at some later date.

That simply must be allowed to wither away for a healthy future economy.

Unfortunately, this is politically extremely unpalatable and administration endangering. Hence, we can expect wrong decisions from any incumbent.

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wayneL said:

Well, I don't think there is a causal link between the great depression and WW2. It was essentially a continuation of WW1 and the armistice conditions Germany was forced to accept.

Not say there couldn't be a causal link between depression and ww3, but it isn't a mandatory result.

Without at least a deep and prolonged recession, the masses of debt binge and boomer bubble malinvestment will survive, setting us up for certain depression at some later date.

That simply must be allowed to wither away for a healthy future economy.

Unfortunately, this is politically extremely unpalatable and administration endangering. Hence, we can expect wrong decisions from any incumbent.

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ZzzzDad said:

Wow - this article really inspires confidence. Obama continues to insert foot into mouth:

http://www.foxnews.com/politics/200...enes-confront-economic-crisis-obama-response/

So there you have it - Trillion dollar deficits for years to come - just what the economy wants to hear right now. This is the main reason the market tanked today.

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Doris said:

The Great Depression of the 1930's was named subsequent to the five 'depressions' of the C19.
The depression of 1893-97 was a prelude to WWI as any academic historian will attest
... as was WWII a consequence of the Great Depression.

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Doris said:

Does anyone disagree that Barack will be the next US president?

I first saw him on 'Oprah' whilst I was in Canada a year ago. I sat glued and I rarely watch the show! He was so inspiring that I bought his book 'The Audacity of Hope'. This was his second book. The first... earned him enough to pay off his law school debts and buy him a house as he worked in Chicago for a pittance. I predicted the sales of his second book would help finance a run for president and I was chuffed when he nominated! He's not accepted any donations from lobbyists but from public donations which IMO give ownership by the donors to 'the cause'. A brilliant strategy!

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Julia said:

Dear Doris,

Please tell me you're not planning a new 2009 thread of "I Adore Obama".

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prawn_86 said:

Threads merged. Title changed.

Doris can continue on with her adoration, and I'll drop in every now and then to show her how 'normal' he is and like any other politician is hamstrung and wont be able to make any decent changes

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Doris said:

And he will not be hamstrung! His whole campaign was built on the foundation to break those strings!

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Doris said:

Yes Julia I do adore the man. (great butt and eyes)
I adore his philosophies.
I adore the way his family relate to each other as though they genuinely like and love each other.
There is a difference here. They will be a role model for all families.

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GumbyLearner said:

Hi guys

Thought I would start a new thread

Does he care about us?
Is he a nice man?
Does he know that we are American allies?
Can he rescue the world ecomony?

Any contribution is welcome - Positive or Negative??

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noirua said:

Still a tragedy that the worlds economies are in such a terrible state. He will be forced into admitting he can do little for those who are unemployed in the worse off communities.

In Germany in the 1930's the economy recovered by getting the unemployed building roads etc., it did work and the economy recovered. A great pity AH had other plans going on from there.

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Nyden said:

He's nothing but a poster boy. No one can do anything about the markets - they'll sort themselves out after a while on their own, simple as that

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