(voted for Obama) who now thinks he is a failure. He sent me the video below telling me how sorry he was he voted and suckered into voting for such "salesman", he called Obama, a black version of bush. he was waiting for obama to repeal bush's unconstitutional policiesk, end both wars and stop stuffing wall street's pockets with taxpayer money. He accused him of not having a glimpse of courage or leadership. It's just business as usual as he has shown himself to be little more than a puppet for the financial tyrants on Wall St.
He then, went to want to include me in his disappoinetment, telling me how can't i be disappointed? I replied to him, i defended and explian the mountain of shit P. Obama found once in office. I tried to bring senses back to this guy that without him as president, we will be in major shit and worse!.
so, this is what he replied to me after my e-mail:
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oh c'mon, Obama's been a media darling since day one. His halo is only now starting to wear off because of his lousy approval rating and the crap job he's been doing...
Sure, he can change course and start doing right by the American people, but I don't expect he will. It pisses me off when people say you have to have HOPE, as if that's a real policy or some tangible kind of plan.
All he did with his stimulus is to reappropriate obscene amounts of taxpayer money try to stimulate more consumer spending to get Americans more into debt and improve bottom-line GDP. Cash for clunkers was a bone he tossed to the automobile industry. If you look at the numbers, auto sales have collapsed after that little government buzz wore off. The home tax credit was another government handout designed to reinflate a bursting housing bubble. All of that has done almost nothing to stop unemployment, which continues to rise drastically (it's now at about 17.5% even though the gov't says it's only 10.2%)
Obama is doing just what every other politician has been doing for the last 20 years-- being a politician. That is, buying time... and kicking the can down the road so that the tough decision has to be made by someone else and so that they won't have to feel the political backlash.
What he's really succeeded in doing is covering Wall Street's failed bets by insuring their losses. So the government gives these big banks billions and what do the banks do? Do they proceed with sound lending after having learned their lesson? Not at all... they are taking that money and buying Treasuries and foreign exchange reserves to try to make the best return possible. They know that it's too risky to lend it out even to credit-worthy borrowers. Banks are playing the equities markets with taxpayer money. So essentially, they're clouding the markets and confusing real investors as to where the capital is flowing. Look at Goldman Sachs and the others. Last year they were all hanging on by a thread and needed a lifeline from the government. And now, a year later they are having record profits and the huge bonuses keep flowing. I mean, think about it. What business can turn around from almost going bankrupt one year to having the best year on record the next? It can only be a criminal one.
They've resorted to flooding the stock market with 'liquidity' and staging an impressive, but artificial rally since March based on flash trading. That means most of the buying is being done by computer algorithms and not actual people. So the common dimwit sees that the DOW is up and figures the economy is getting better, but closer examination of key economic indicators tells a completely different story. Real trade and production have collapsed and the only jobs being created are non-productive government jobs and more jobs in the FIRE sector, most of which are more of a drain on the US Treasury than anything else. (But they do help prop up jobs numbers a tick)
Unfortunately, the recession is the necessary medicine for all the years of excess we've had ... housing bubble, internet bubble, commodities bubble. The economy needs to contract naturally and come down from these hyper-induced levels. It would be unpleasant because standards of living would surely decline, but we would get through it after a few years and be able to bounce back. But the US has turned into this fat, dumb kid with A.D.D. on ritolin with this mentality of 'bigger is better' ..and exponential growth is the only way to have a viable economy. That is how all of the great empires in history have fallen --Overconsumption of resources, plain and simple. We are already experiencing depression-level figures and the longer we paper it over, the deeper it will be.
In the long run, this is an unsustainable course. But unfortunately, the people running the show (Bernanke, Geithner, Summers ) are taking their cues straight from the Keynesian economics playbook... that is pile on more debt and inflate the currency.
I don't know if you've noticed, but the ugly side to the nice stock market rally we've been having in the last 8 months is a 12% depreciation in the value of the dollar. Good if you are a nation with an enormous debt because the dollars that you owe in the future are cheaper. Not so good if dollars are what you buy your groceries and pay your rent with.
A final note: I think getting caught up with Democrat this or Republican that is really the wrong battle to be fighting right now. The most important thing right now is our financial situation. Our sovereignty depends on us getting our shit together. The media uses this kind of political posturing to get us to debate with each other about who's right and effectively distracting us from the fact that our country is being looted from the inside.
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his e-mail is too much for me to respond to. He has a lot of information there that i feel i am not well informed or even qualified (like most of Duers) to reply to him. What should i do with this? Should i ignored this e-mail? if I do, I feel i would let his opinion stand and pretty much accept what he is saying, Obama hans' tdone shit good for the country.
Here is the first video he sent me:
http://www.youtube.com/watch?v=UErR7i2onW0&feature=player_embedded
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