jdl51

Economic Crisis: Good Luck Europe, You'll Need It

As opposed to the leader we just got rid of who got us into this mess? Give me a break.


On Feb 27 09:01 AM CLH wrote:

> I pretty much agree with your view of Europe. However, with our present
> Leader I think we are in worse shape,

Obama's Role in the Market's Next Breakout

The Bush/Greenspan bubble has popped with a bang heard round the world. It will take years, if not longer, to recover from the greed, mismanagement, incompetence and lack of oversight of the last eight years. Obama and the country are hamstrung by the $6 trillion and counting of additional debt run up by the last administration, yet congressional republicans are still repeating the same tired mantra of more defense spending and tax cuts for the rich which helped drive us into the ground in the first place. Spending on infrastructure and a temporary repeal of the cap gains tax would do wonders to put people back to work and get the markets, both financial and housing, moving again. Then a systematic program by program review of our budget, an Iraq pullout, and an end to corporate welfare would do wonders to get our budget under control in the latter half of his term. All of these things were campaign promises but he'll be fighting both sides of the aisle to get them accomplished. Hopefully he can get the support of the people to get them done.