Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (546153)	1/26/2010 10:50:26 AM
From: i-node	Respond to of 1577901

>> All of this is to say that the power of the business cycle dwarfs virtually all short-term fiscal policy initiatives by politicians. When the business cycle is working against you there is very little you're going to do to fix it. It is like "climate change" or an earthquake; nature will take its course and nothing we do is likely to change it materially. TARP DID help the cash flow problem, but the stimulus has been a waste of 800 Billion. I tend to believe leader's attitudes can make a difference, as FDR did, as JFK did, as Reagan did. A strong, positive attitude gives people confidence. This is why I complained so much last year about Obama talking down the economy. At some point his rhetoric began to instill fear into the very people upon whom we rely to bring business back. And today, people have lost all confidence in him because of incompetent actions right and left. I am very encouraged by the little I've heard about the upcoming State/Union. But he can't freeze spending and pursue this insane wild spending legislation like health care and cap-and-trade and other expensive programs and maintain any credibility.