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Default Payrolls Post Biggest Annual Decline Since 1945


"hk" wrote in message
m...
Eisboch wrote:

"Calif Bill" wrote in message
m...

"Eisboch" wrote in message
news
"CalifBill" wrote in message
...


I do not have the answer,
but it appears our elected leaders do not either.


They don't, economists don't, nobody knows. What is being done, in the
words of Andrea Mitchell, is throwing anything and everything against
the wall and see if anything sticks.

Eisboch

The scary part is I think the recession will get much worse before
turning around. And not one of the elected are asking Obama and his
team what is the basis for his plan.


Some of Obama's comments lately are not exactly reassuring to the public.
He's trying to put pressure on Congress to make sure they will approve
his massive stimulus spending, but he's doing it by scaring the bejeezes
out of people. He recently made a statement to the affect that if his
plan is not approved, it may be too late to save the US. Not sure what
he means by that, but they sure aren't the words of a true Leader.

Eisboch


Obama is correct.


No, I don't think he's correct at all. We are in for some tough times over
the next 2-3 years, but we will recover nicely. As bad as it is, it has
been worse before. Don't your remember the late Carter years, 20% interest
rates, inflation and 11 percent unemployment?

We are being saturated with information overload from the media, cable,
Internet, blogs, editorials, print and electronic, etc., all trying to get
audience and notice by focusing on the *bad* news. Technology has
overwhelmed rational thinking. Once people become jaded and tired of
listening to how the world's going to end tomorrow, the recovery will begin.

Personally, I think it's just about time to think about buying some real
estate.

But, the guy that was so full of "hope" a few months ago certainly has
changed his tune and, I'll tell you, he's not getting high grades for
leadership. Unlike great leaders in times of trouble like Roosevelt and
Churchill who met privately with their advisors, generated a plan and then
optimistically announced it with conviction and strength, Obama is running
around publically soliciting any and all ideas and basically scaring the
hell out of the people who elected him because of his perceived "leadership"
capabilities.

This is serious business and it's not time for community organizing. It's
time for strong leadership.

Eisboch




 
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