If Obama enacts his plans for America, the outcome is bleak.All America needs right now (economically) can be realized by cutting tax rates, cutting government spending, eliminating or substantially reducing regulation of the development and production of domestic oil, gas, and shale oil, and reducing the size of government.If Obama's vision for America is relocated to the round file, our future is bright.
Why I’m (Cautiously) Optimistic About The Future
I’ll add mine
If Climate gate was exposed as a fraud, There is hope. Health Care is not passed as yet, Less than a year to a change in Congress. Maybe some decent Conservatives will get in
Roll on
I don’t know how we grow our way out of the debt, and I don’t know how we get out of recession by increasing taxes. It would be damn hard to fix things even if Obama is stopped in 2010 and booted in 2012.
$80-$90 billion? Why the big deal? That’s chump change. It’s a fraction of what was lost in the sub-prime crisis, it’s nearly a tenth of Obama’s stimulus package. Hell, we gave the automakers nearly half this amount.
I am not optimistic, cautiously or otherwise.
There is only one ray of hope:
PALIN/BACHMANN 2012
He makes some good points. It may well be that technological innovation and entrepreneurship save us from our own stupidity. On the other hand, I think these same forces also insulates us from the consequences of our stupidity, thereby fueling even greater (liberal) stupidity. Which side will win? Who knows. I guess that makes me “caustiously optimisitic”.
Capital is the fuel for the engine of achievement and Zero has spent or borrowed so much that engine is running on fumes. It’s going to be a long hard climb out of the hole he’s put us in , not made any easier by the multitudes of fools with their moral compass fixed on south who will keep trying to do those things that make it worse.
In the article it says that markets are pricing in 5% growth for the US next year. HELLO. Anyone home? We cannot grow, we’ll be lucky to keep from shrinking 5% next year. Credit is gone (except for buying houses and cars), regulations continue to slowly strangle business, and we keep running huge deficits.
All I can say is that I’m glad that I have no money in stocks now...if they are expecting that kind of growth.
With a name like ‘’Maudlin’’ this guys ‘’optimistic’’ about the future. Well there irony for you, eh?
an interesting article HERE. Two interesting snips:
1) The circumstances behind Dubai's moves are murky, making it hard to gauge the exact risk to the pertaining bonds and Dubai's own general creditworthiness. UBS cautioned that Dubai's overall debt "might be higher" than the generally assumed $80 billion to $90 billion, due to potential off-balance sheet liabilities. These could include unlimited and unquantifiable amount of credit default swaps (CDS) and other derivatives against the underlying assets, and once unraveled, could potentially erupt into a subprime-like crisis.
2) Rational expectations or not, for now, the Dubai crisis is simply a reminder that the severe global recession has relegated much debt to near junk status, and there still remains a high degree of uncertainty as to the percentage recoverable on all outstanding debt which is going to be coming due over the next 5 years.
Dubai is the tip of the iceberg. I am not optimistic, cautiously or otherwise.