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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: manalagi who wrote (103244)	10/20/2011 2:27:41 PM
From: cirrus	Read Replies (2) \| Respond to of 149317

Really? In 2000 the economy was good, the budget balanced, unemployment low, the country at peace and George Bush got elected... or made it close enough to get the Supreme Court involved. Then Sarah Palin wound up as the #2 on the McCain ticket and could have been a heartbeat from the Presidency. Now a pizza mogul is leading the Repubican pack. I expect Obama to get reelected - but I'm not comfortable calling it sure bet. There is no question that Obama will be reelected.

To: manalagi who wrote (103244)	10/20/2011 7:42:43 PM
From: RetiredNow	Respond to of 149317

First of all, Bush appointed Bernanke, but then Obama reappointed him. They are both at fault for supporting Bernanke and his dollar destroying ways. Obama has more power over Bernanke than you think. Obama has the largest bully pulpit in the world. When he speaks, everyone listens. If he was actively firing his economic staff and populating it with folks like Volcker, who was squeezed out, and if he was actively decrying Bernanke's easy money policies that are devaluing the dollar, you can bet that Bernanke would sit up and pay attention. Rick Perry made headlines by saying that if Bernanke engaged in QE3 before the election, it would be tantamount to Treason. And guess what? Bernanke has not launched QE3. Coincidence? I think not. He's a political beast. He knows he has no support for QE3....yet. And that was Rick Perry, a Texas Governor. Imagine if Obama was spending a few minutes every week saying he wouldn't support Bernanke in the future. But that's not the least of it. Obama is in bed with the bankers and continues to support Geithner who is nothing but a lackey for the Wall Street banks. It's all a terrible joke where you and I get robbed blind and the politicians spin a nice story to get us to buy into that financial rape. I wish I was ignorant, but on the subject of finance and the economy, I have a couple of advanced degrees and I read voraciously, because those topics have been a hobby of mine for 30 years. I live and breath that stuff. So not only do I have the education to understand what I read, but I am extremely well read in this area. And let me tell you. What I understand about what is going on is shocking to me. I have no doubt at all that this economy is a giant ponzi scheme that is about to explode. These guys can kick the can down the road a bit longer, maybe, but the next blow up is coming and it will be worse than 2008. Hell, we're now at the point that things are so bad that even the cure, which is massive deleveraging and deficit reduction, is going to hurt like hell. It will fell like the cure is killing our economy. That's how bad it's gotten. That's why the politicians won't face up to it until it blows up of its own accord. They know that the American people aren't prepared to deal with a 15% reduction in GDP, joblessness of 20%, and massive cuts to government services, which would be required to get this beast under control. The only thing that would make any of that feel the slightest bit better would be to know that the people who did this to us are behind bars. And yet, Obama refuses to prosecute and hold them to account. Therefore, he loses my vote.