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

To: tejek who wrote (111217)	3/15/2012 10:39:49 PM
From: mel221	Read Replies (3) \| Respond to of 149317

>> The latter...........we're setting up right now to have a second Clinton second term Trying to find the correlation; Clinton ---------------------------------------- Obama raised taxes --------------------------------- Repeatedly cut taxes Balanced the budget --------------------- Won't ever come close cut entitlements (welfare) ---------------- greatly increased entitlements prosecuted S&L criminals --------------- Provided get out of Jail card with bonuses to bankers Sex scandals --------------------------------- Won't ever come close! enforced immigration laws (Haiti) ------- promoted illegal immigration (mexico) The only correlation I can speculate on is your forecast for an upcoming wild bull market in equities and further irrational exuberance ending in a stock market bubble and crash. Whooo hooo! >> The current rally has more to do with the improvement in the underlying fundamentals The current rally has more to do with the vast amounts of liquidity sloshing around the system.

To: tejek who wrote (111217)	3/16/2012 8:15:27 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Interesting. Maybe. However, there are some really troubling signs that your opinion may not be correct, though. Think really deep fundamentals. One place you ALWAYS find a recovery is in gasoline demand. When an economy is recovering, truck and car miles driven expand, which causes more demand for gasoline. However, it has been declining since 2009. 205.254.135.7 Why? Well, it's not because hybrids and electric cars have sold like hotcakes and it's not because gasoline mileage has increased appreciably in the last 2 years. No. The root cause of the decline in gasoline demand is a slowing economy. And here is what is even more ominous. If demand for gasoline is declining, and thus, economic activity is declining, why on earth have gasoline prices increased during the same period of declining demand? 205.254.135.7 The conclusions are inescapable. Declining gasoline = declining economic activity. Increasing prices, despite declining demand = dollar devaluation relative to oil, which is priced in dollars. The bottom line is that the Fed's extraordinary monetary policy is failing to heal the fundamental economic issues in this country and failing to kickstart a sustainable recovery. But what it is succeeding in doing is creating massive inflationary pressures. They are so massive that prices are increasing despite declining demand. Bernanke's grand experiment is going to result in stagflation. In fact, I think we're already there.