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

To: ChinuSFO who wrote (124119)	10/17/2012 11:05:43 AM
From: RetiredNow	Respond to of 149317

Obama was wrong. His record on jobs is terrible. He hasn't created enough jobs and the ones he has created are low paying part time workers. As far as your assertion that the issue of the Fed is a frivolous issue, you could not be more wrong. It is the central issue of our economy. The root cause of most of the economic calamity that we are facing today is due to an unchecked Fed wreaking havoc on our monetary supply and creating price distortions in our no-longer free markets, which has resulted in massive malinvestment, bubbles, and spectacular crashes. I understand that these topics may not be interesting nor decipherable to most people in the US. And that is precisely the problem. Ron Paul spent 30 years trying to explain this complex topic to Americans, but to their detriment, Americans just weren't interested. It is shocking how ignorant and apathetic many Americans are to this most important of all economic issues. Everyone would prefer to tinker around the edges of the economic problem, rather than deal with the very root cause of it. As far as my posts on the numbers being cooked, I'm absolutely sure that many on this thread don't want to hear that either, because it goes against their strong desire to believe everything is going to be ok if we just keep printing more money and funneling trillions to the TBTF banks. It's probably equally galling that someone like me, who is known to be good at numbers, is talking about the lack of credibility of some of the numbers the government is putting out. That strikes a bit too close to home for most people. If you had worked as closely with "government officials" as I have, you'd recognize that many of them are simply not as qualified and smart as their private sector counterparts. I realize that's an offensive statement. However, it comes from my experience. They are by and large folks who have checklists and formulas dictated by manuals and procedure documentation. If anyone suggests any improvements, they fight it, because "this is the way it's always been done." Some of my most frustrating client engagements to do process improvement work has been with government entities. They oftentimes just don't want to believe that things can be done in a better way, despite the proof in the data we show them. So the fact that you blindly trust our government officials is more a statement about you than about me. I think it is every American's duty to question everything and to not be sheep lead to the slaughter. Our duty is to make things better through a process of inquiry and continuous improvement. Right now, our government needs free thinkers, not sheep who get impressed by a Nobel Prize or by a "career official". We're Americans, not a proletariat lead by Stalin, who are expected to get in line and do as we're told.

To: ChinuSFO who wrote (124119)	10/17/2012 11:12:20 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Oh also, on a different topic. I am now increasingly convinced that Obama's single biggest mistake in his campaign for re-election was not to toss Biden in favor of Hillary. Obama is losing the Independents like me by a large margin now. Some 70% of us are now planning to vote for Romney. Hillary might have swayed us to stay with Obama. I think a credible plan for fiscal sanity and a removal of Bernanke would have been a clincher for me as well. Anyway, if Obama loses to Romney, one of the big reasons will be because he didn't sweeten the deal for Independents. Hillary might have been that sweetener.