| re: Obama's first 100 Days | |
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Posted by: |
John_Galt (brandonmartin@dailyuprising.com) 10:23 am UTC 05/01/09 |
| In reply to: | re: Obama's first 100 Days - Pudding 04:27 am UTC 05/01/09 |
| > Be fair, Obama inherited a mountain of shit. Whereas Dubya > didn't, he inherited a mountain of surplus. Well, to be totally fair, Bush inherited a recession, but didn't weigh down the economy in new regulation and the economy quickly recovered. It's true Bush ran deficits some years and really should have vetoed a budget or two rather than just complaining and signing. Both Bush and Obama are completely failing to address the real problem: Entitlement commitments are exploding as baby boomers are getting older. There will be less and less room for any discretionary spending as the problem worsens and deficits will be certain even with (or especially with) tax hikes. > With any President/Prime Minister, I usually give them 1-2 > years to see any changes to really start take place. If the United States hasn't recovered economically in 1-2 years, then something is *really* wrong and the government has stepped on the recovery. In the United States, historically speaking, fiscal policy can't and doesn't do much to stimulate economic growth, but it can and occasionally does work to stomp it out. Monetary policy, on the other hand, seems to be a little more effective at heating things up, but no one is cheering for Alan Greenspan these days. I humbly predict that Obama will make his supporters proud for changes on non-economic fronts. That's where he is going against the polls, showing courage, and making progress. I don't agree with him, but I have to admit he's living up to billing. > John Key wasn't my choice, I thought Helen Clark wasn't > doing too badly, but he seems to be doing OK and a change > is good for a country otherwise complacency sets in. I > think that's what Bush and the GOP's problem was, no real > vision for change (rightly or wrongly) when change in > direction is what was desperately needed. I don't know enough about John Key or Helen Clark or New Zealand itself to have a firm opinion, but he's becoming *very* popular in the United States. My guess is that just through the power of his personality and whatever he's talking about, he generates significant foreign investment in New Zealand. Keep us updated given that we don't get decent coverage of New Zealand, but we get too much coverage of Obama. -=John Galt=- | |
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