The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Broken_Clock who wrote (229762)	11/21/2009 12:25:22 PM
From: neolib	Read Replies (2) of 306849

I'm willing to cut him some slack on timetable. He certainly is pushing for a number of his "promises" (not all which please me) like Gitmo, Iraq, healthcare. He's already largely achieved the one that most interested me, not being an international jackass like W. Other things are much more disappointing to me, chief of which was the continued cosy relationship of picking ex GS employees for Treasury posts. I will be even more disappointed if within the next year 1) Obama does little to reform the financial sector, and 2) shows no inclination to start decreasing stimulus spending as the economy improves. Unlike a lot (most, all?) of the posters here, I do think Keynseian economics is in fact largely correct, and so far in this cycle we have seen that, but for it to work long term, you only deficit spend in the worst dips, and you save during the good times, and don't meddle the rest of the time. Politicians tend to think now is always the best time to spend more, and the future is always the best time to deal with payback. That is not Keynseian economics.

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