"HK" wrote in message
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Eisboch wrote:


Forgetting about blame for a second, the biggest problem I think we face
with Obama's domestic and economic policies is this:

The US has had a national debt that has been growing for many decades.
By itself, debt isn't necessarily bad. It can fuel growth and spur on an
economy. The debt we have had in the past has been low risk to the
lenders because of our economic growth and strength.

But the debt Obama is putting in place in the first 6 months of his
presidency is astronomical, both in amount and in time. The biggest
problem is that it is based on capital, current or future, that we simply
don't have, nor will we.

That is unique in the history of this country. Never happened before,
and not a single economic expert can predict what the ramification will
be, near term and in the future.

Eisboch


What would have been your ideas to rescue what was left of the economy?

I listened to the speakers at the GOP fundraiser last night. I didn't hear
one idea from the leaders of the GOP that would do anything but line the
pockets of the same corporate, banking, and insurance pricks who sold us
down the river. Not a damned serious idea to put Americans back to work at
family supporting jobs.

I watched a recent PBS interview with Vernon Jordan. He's an avid Obama
supporter, but also an avid believer in free enterprise and capitalism. He
believes our economic system is the best in the world but is subject to
"flat tires" now and then. It doesn't mean you throw away the car.

So far only about 5 percent of the stimulus money Obama has signed has hit
the streets. Yet, there are growing indications that the economy is slowly
but surely beginning to self correct in a typical cycle exhibited many times
before, but without putting the country into assured and permanent
bankruptcy. Recessions are hard to go through, but like a hurricane
clearing overgrown forests, they can benefit overall.
Yes, I know and feel for the unemployed, but opportunities arise out of
necessity. This isn't the first time or the last. I am fearful that this
time there was an over reaction, and much of it is political, not economic
based.

Eisboch