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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.87-0.1%Dec 3 4:00 PM EST
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To: RJA_ who wrote (76434)7/16/2011 11:58:41 PM
From: Hawkmoon1 Recommendation  Read Replies (2) of 218167
 
There will be a deal. The question is whether the "R's" will cave in and grant Obama a sufficiently large enough debt cap to where he doesn't have to come back to Congress for another adjustment before the elections in 2012.

I hope not.. I think the "R's" are smart to say that they are going to assert their power over the gov't purse strings and keep this President on a short leash.

The power to tax and spend that taxpayer money is the political currency of both the Democrats and Republicans. It's got to come to a halt somewhere and priorities readjusted.

When the Gov't spends money to stimulate the economy, it should primarily be to focused on spending that nets a long-term ROI for the entire economy. There are many advances in material science, alternative fuels/energy sources (which provide baseload power or replace oil imports), as well as utilizing and exploiting outer space (power, new materials from zero gravity manufacturing, and maybe even harvesting a resource rich asteroid).

But most importantly, when the gov't spends money it should be about creating new jobs, and training it's citizens to fill them. We need to recapture our national vision and pursue the future we wish to create.

We need energy independence to enhance our national security and buffer us from the disruptions from other economies. We need new and more efficient infrastructure to enhance our productivity. And we need reciprocity in our trade and immigration relations.

And we need to get away from turning our financial system into an un(der)regulated casino that only rewards short-term speculation to the detriment of long-term investment.

Hawk
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