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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (188088)	3/3/2009 7:56:42 PM
From: stockman_scott	Read Replies (3) \| Respond to of 306849

There is A LOT of anger towards those that work on Wall Street...Yet, so many Americans own stocks now and have seen lots of their wealth disappear in the last year. Many voters also own stocks indirectly in 401ks and pension funds. I think overall people like Obama better than his potential policies right now...It seems like Obama may have a Reagan like quality but it's still very early in this new administration. Even though I voted for Obama I don't agree with everything he has proposed so far...I wish he would get our troops out of Iraq twice as fast as planned (it still costs us over $10 Billion/month to be there)...and I don't like a big expansion of military activity over in Afghanistan...and I feel the proposed Obama budget may be trying to do too much too quickly (it may be Obama's Chief of Staff trying to not let a crisis go to waste)...Yet, I would rather have team Obama focus like a laser beam on stabilizing the financial system. The jury is still out on Treasury Secretary Geithner - he may not be the right man for the job but I hope he surprises us in a positive way. IMO, it's mission critical to rebuild confidence, get the banking system working again, and create the foundation for new job growth. In the middle of this historic downturn it may be a real challenge to try to restructure education, energy and healthcare all at the same time...Big businesses and the stock market hate uncertainty and right now they have too much of it. Our country is in a DEEP hole and the de-leveraging must continue. No Administration would have an easy time navigating in this environment.