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Politics : View from the Center and Left
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To: quehubo who wrote (105422)3/4/2009 6:25:15 AM
From: NAG1  Read Replies (1) of 541955
 
QH,

The financial decline in the markets is related to the bad news in the economy and all the things we are finding out about the size of the problems at the banks and companies like AIG. Obama got a stimulus plan out within his first month in office and the money is barely getting out into the countryside at this time to create a stimulus. To blame Obama for that is unfair. In 6-12 months, if things are not starting to turn around, then the results start to get tied to this administration. The thing that I think is good about Obama is that he still seems to listen to people and appears willing to change his mind if the conditions on the ground change. I think that is going to be most important in this economy. There is going to be information that will come out that will cause there to be adjustments to be made. I think Obama has shown the flexibility to respond. What I find interesting about all this is that people are blaming Obama for spending too much and then these same people are blaming Obama for not stimulating the economy. Can't have it both ways. Unless it is only tax cuts that you want and that is where we have come from.

Anyway, didn't mean to get long winded about this but some information that all the stimulus spending that all the governments are doing is starting to have an effect.

bloomberg.com

Being blinded by ideology that there is only one solution to the problem is where the republicans are coming from right now. The republicans that compromised and got something through, if this stimulus works, would be the true heroes.

Neal
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