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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (436450)11/24/2008 9:59:16 AM
From: Road Walker  Read Replies (1) of 1575181
 
Our economy is still basically strong. But EVERY "good" economy depends on consumer confidence, and our consumer confidence has been shaken by the mortgage crisis and the liberals' talking it down during the election.

More voodoo BS. This is about fundamentals not 'mood rings'. The credit markets have frozen... for good reason.

In fairness, I also believe Bush made a huge mistake in promoting the 700B bailout, and Congress made a mistake in supporting it. It should never have been done and served only to exacerbate the confidence crisis while doing NOTHING to relieve the cash flow problem.

To be determined. You saw what happened with Lehman went under... imagine AIG, MS, ML, Citi and all the others going down at the same time with no one to take up the slack for lending. The world would have come to a halt. Yet to be seen if it makes any difference, they may still go under... in which case the world will still come to a halt.

I think within four years we'll know whether Obama is heading the right or the wrong direction. If he is heading the right direction I'd vote for another 4. If he isn't, I'll hope for someone with more experience and a true understanding of the issues.

He's putting together a pretty good crew... we'll see.
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