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

To: Tenchusatsu who wrote (122828)	10/5/2012 9:25:26 PM
From: Sr K	Read Replies (2) \| Respond to of 149317

Most people who talk like you write and have not changed their thinking in 4 years thought in March 2009 we were heading into a depression, that when the DJIA dropped below 7000 it was going to 4000, and the S&P 500 was heading to 400. Braking the fall, and getting the Unemployment Rate below 8%, with solid GDP growth every quarter, with a strengthening Dollar, is good learning on the job, far beyond what anyone expected. Plus he got OBL and ended our ground war in Iraq. Obama deserves reelection over a 2 man team that now has floating positions and PAC ads that are inconsistent with facts and Romney's new positions. If Romney were elected, the Senate would still be controlled by Democrats, at least until 2015. Romney would have to morph away from the Grover Norquist pledge. Romney and Ryan are political monsters who don't consider what happened in 1937 and elsewhere in the past when governments reacted naively to financial panics. I still see Romney as a single-minded salesman, with one sales pitch, and he would say the same in 1996, 2000, 2004, 2008, or 2012. He basically doesn't give ... what the macro economy looks like. He is extrapolating entrepreneurship. I don't trust that, for a President. The housing crisis is not over. The unwinding of debt and rebuilding of personal balance sheets takes more time than one Presidential term. It will take more time than a second Obama term. That would be the best explanation for Obama's tone Wednesday. The next 4 years will be no cakewalk. But it will be important to continue what he and Bernanke have started. Romney would disrupt the recovery. The flash GDP report released late this month will probably be higher than the final Q2 report which was +1.3%. The Fed expects close to 2%. I'd trust Biden over Ryan if you can imagine both of them as President on January 21, 2013. Ryan is an unknown who is mathematically illiterate but who thinks he's not. Plus he signed the Norquist Pledge.