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But does any president? Isn't that what their advisors are for? They need to know the basics but no president is going to have a PhD in Economics.
Quote:
Originally Posted by Nor'Eastah
As for the 2 who are running, they also were not the cause, nor will they be the solution. It's a choice between tweedledum and tweedledumber. Rate them on their political merits, if you wish, but not on their economic merits. Neither one has any.
No, I don't think either will a whole lot since what's done has already been done. And I don't exactly blame the current president for the way things are either - I look at the entire system, from the homeowner to the appraiser, lender, realtor, and culture in general expecting irrational appreciation on their house for doing nothing.
Keep in mind that no matter who wins this election, there will be 50% of Americans who are still trying to destroy the economy. It's like being in a leaking lifeboat with Al Sharpton and David Duke who will be arguing and fighting as the boat and everyone aboard it goes below the waves.
The same people who are running the show now will be running the show in January. We are a nation run by people behind the curtain, and the president is just a figurehead. This mess has been building for decades, so blaming Bush is senseless. We were having rolling bubbles before his watch. Lots of people share the blame... and will continue to share the blame once the new administration takes over the West Wing.
People are just looking for something to latch onto, so they're attaching their hopes on a new president. But neither candidate is the Lone Ranger, and we're fresh out of silver bullets. The White House is just the tip of the massive change needed.
Whatever the outcome of the election in November, neither side fully understands or has a handle on what to exactly do concerning the ever worsening economic slide. Emotions rule and over the next few weeks the backlash against the incumbency will in all probability give Obama the presidency. Many of his promises and plans regarding hope and change will need to be quashed much to the dismay of many who are precisely voting for him based on key elements of his change platform. It will surely be interesting to see what cabinet and advisors he will surround himself with and what major modifications and overhaul will occur to his stated plans, objectives, and visions. Even if we have hit bottom (which probably is not the case) the economic mess and recovery from it will take a very long time, thus all promises need to be off the table.
To pull us out of the depression will call for drastic reforms and things will have to get much worse for either candidate to turn against their constituents.
Location: Sitting on a bar stool. Guinness in hand.
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Why is this not on the P & C forum????????!
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