Don Hamilton

Crony Capitalism: On Obama's Economic Policies

President Obama's Economic Miracle.
Within less then 3 months after the Obama administration took the reins of our country he managed to turn the stock market around and it has been heading north ever since.

He did this simply by restoring hope in the country's direction by stabilizing financial system which had been in total chaos and heading into a deep depression caused by mismanagement of the previous administration.

One of the main components that determines the direction of the stock market is seeing hope in the future, whether it be a single stock or the whole market or the whole country.

Even though the housing markets were still crashing and the banking industry was in turmoil and the jobless rate was increasing, the financial investor wizards realized that the Obama administration’s strategy was on the right track and began to invest heavily.

The market immediately began turning around and heading higher and it has been doing this ever since much to the chagrin of the of many who missed the turnaround. Whatever, this was a great time to invest and it was only the financial wizards who liked what they saw and profited from it..

The rise in the market helped millions of people throughout the country. With the market back on the upswing people’s 401k’s investments stopped falling and began rising again. Pension funds and mutual funds that had lost billions of dollars began recovering some of their loses. It was truly a miracle that Obama’s financial team had accomplished in such a short time. It was just the beginning and we still have a long way to go but it is a start.

The Obama Bull

Within less then 3 months after the Obama administration took the reins of our country he managed to turn the stock market around and it has been going up ever since.

The turnaround in the market helped millions of people throughout the country. With the market back on the upswing peoples' 401k’s investments stopped falling and began rising again. Pension funds and mutual funds that had lost billions of dollars began recovering some of their loses. It was truly a miracle that Obama’s financial team had accomplished in such a short time. It was just the beginning and we still have a long way to go but it is a start.

He managed to accomplish this remarkable market turnaround simply by restoring hope in the country's future by stabilizing financial system which had been in total chaos and heading into a deep depression caused by mismanagement of previous administrations.

One of the main components that determines the direction of the stock market is seeing hope in the future, whether it be a single stock or the whole market or the whole country.

U.S. Dollar Reserves Increase

Has anybody seen a yuan? The Chinese don't send their yuans out into the world trade - they just send their goods out. The yuans could never be a reserve currency there is not enough of them out there. The Chinese are rich in dollars and these dollars are welcome everywhere - thats why the dollar is the reserve currency of choice.

China Warns U.S. About Debt Monetization (WSJ)

Its ironic that the communist leaders in China are trying to advise the greatest capitalistic country of all time about how to run our country.

Chinese communism was the dumbest system of all time. They tried their best to kill all the capitalists in their country until they finally came to their senses when they saw the great economic success Taiwan and Hong Kong were having under capitalism.

Capitalism is a great system BUT you have to keep these dynamic people under control or they will just go wild seeking profits. We just found that out to our sorrow in the last few years when our
government failed to control them and gave them too much self control. They nearly destroyed the world's economic engine with their greed and recklessness. I hope we have learned our lesson!

Why We Have to Keep China Happy

So what what are they going to do with all the IOUs (dollars) that we give them in exchange for the goods we buy from them?


On May 24 01:05 PM fran wrote:

> they need not sell to do USA great damage. they just need to NOT
> BUY.

Why We Have to Keep China Happy

Who are the Chinese going to sell their US treasuries too? They own 700 billion dollars of our IOUs, mostly in the form of US treasuries which earn interest - are they going to sell them on the market for US IOUs which earn nothing? I don't think so! They could start buying our commodities or manufactured goods which be a much better deal for both countries. This would put Americans back to work and allow us to buy more Chinese goods. We are trading partners which should benefit both countries.

Don Hamilton

Why We Have to Keep China Happy

Who are the Chinese going to sell their US treasuries too? They own 700 billion dollars of our IOUs, mostly in the form of US treasuries which earn interest - are they going to sell them on the market for US IOUs which earn nothing? I don't think so! They could start buying our commodities or manufactured goods which be a much better deal for both countries. This would put Americans back to work and allow us to buy more Chinese goods. We are trading partners which should benefit both countries.

Don Hamilton

Knock, Knock, Knocking on Paulson's Door

Hank Paulson is one of the main culprits in the financial debackle having talked the SEC into allowing Goldman Saks and the other greedy investment bankers the OK to increase their leverage from 10% to 49%. Then the government put him in charge of handing out the $720 billion bailout money. That was really putting the fox in charge of the henhouse. Oh well! what's another 720 Billion down the toilet (added to the national debt). Obama's ready to add even more handouts and tax cuts - I hope he knows what he is doing.