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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (458280)	2/20/2009 6:44:12 PM
From: longnshort	Read Replies (2) \| Respond to of 1573720

The check out woman at the grocery store said to me" did you hear what Obama is saying about the economy, my husband and I aren't spending a penny, we are all doomed" Way to go Ophoney, why is he scaring the shit out of people ? what is his agenda? I guess we should ask Ayers.

To: Tenchusatsu who wrote (458280)	2/21/2009 8:19:04 AM
From: Alighieri	Read Replies (1) \| Respond to of 1573720

How do you rebuild consumer confidence that was based on excessive credit? I'm not really sure anyone knows the answer to that. I don't think you do it overnight, as most of the laments I am listening to here and on television seem to expect. It took time to get here and it'll take time to get back to seminormality. What Obama is doing is earnest, despite the cynical crap that I am reading here and listening to on right wing radio. I was listening to hannity on the radio yesterday...the stuff these people say is pretty unbelievable. Oh...and Alan Keyes...read what he has said... "Obama is a radical communist and I think it is becoming clear. That is what I told people in Illinois and now everybody realizes it is coming true," said Keyes who ran unsuccessfully against Obama for the Senate in 2004. "He is going to destroy this country and we are either going to stop him or the United States of America is going to cease to exist," said Keyes. Al

To: Tenchusatsu who wrote (458280)	2/21/2009 1:43:16 PM
From: tejek	Read Replies (3) \| Respond to of 1573720

How do you rebuild consumer confidence that was based on excessive credit? I'm not really sure anyone knows the answer to that. The primary culprit was not excessive credit. Yes, it is contributing to this mess but its the deflationary spiral of housing, caused by the subprime crap, that is the main culprit. After years of watching the price of their housing go up, housing prices are in free fall. That has effected 67% of all Americans and has prompted them to go from spending freely to not spending at all. Do you know that at the current rate of car buying, everyone's car would have to last 16-20 years? Anything is possible but I doubt the vast majority of Americans will be driving around in cars that old. The lack of spending has forced industries to start making layoffs. That too feeds into the downward spiral and discourages more Americans from spending. This has to stop and a bottom put in. An analogy can be made with stocks. I don't think you have much to do with stocks but a trait very common to stock buying is the phenomenon that pushes stocks to an extreme.......either way too high, or way too low. That same phenomenon is at work here with the economy. With stocks, the stock may go to zero but more likely, it will hit a level that's acceptable and stay there, or if too high, it collapse from its new high and pull back into its base. That's all part of the workings of the stock market. This process can take years and cause much pain forinvestors. We don't have the same luxury with the economy to go through such a process. There are too many more people at stake here. And at extreme times like these, its the feds who must intervene.....only they can make the difference. Warren Buffet tried last fall.....he thought he was big enough. He was wrong and now his company is in a world of financial hurt. That's how serious this mess is. So to answer your question, you rebuild consumer confidence by providing stability. Spending doesn't have to go to prior levels, it just has to get back to a more reasonable level where the layoffs stop. People have to believe that someone is in charge in DC and knows what they are doing. That's the attitude Obama is trying to convey.......cool and calm. Its intentional. Its what people need right now. Can there be opposition? Of course........but don't couch in the form of "a Taliban insurgency". That makes no one comfortable and gets us nowhere fast.