P. Kalven

Fiscal Responsibility: Obama Takes the Reins

It goes to show how much close attention is paid when one only spews from one direction; he is the President; has been for 34 days now. Perhaps you can give the office the respect it is due in your tirade.

I found reason to support Bush, Clinton, Bush, Reagan, Carter, Ford and even Nixon and LBJ. I also found reason to disagree with them, but I always chose to respect them for the office they hold and the complexity of the job. Obama deserves no less from any of us.


On Feb 24 10:14 AM ED K wrote:

> The President elect saying ,he will cut the deficit in half in four
> years, only exposes his economic inexperience.With each proposal
> he makes and new commitment my giving him the benefit of the doubt
> dwindles further.Iam starting to believe his administration is going
> to be a disaster for the country.
>
> If his cutting the deficit in half has anything to do with altering
> social security,raising taxes or modifying medicare he will quickly
> become a lame duck president.This proposal could turn out to be his
> swan song.

Does Obama's Stimulus Plan Pass the 'Prudent Person' Test?

A Prudent Person Here with a couple of points:

1. The Republicans lost for a number of good reasons and anything they say today is white noise for the next two years; the more vitriol the less useful; thoughtful Republicans will succeed at getting thoughtful messages out and perhaps building consensus for good ideas.

2. To any informed or causal observer the current situation is akin to the undertow at the sea shore; good news is pulled out to sea while the life is being sucked from consumer and investor confidence.

3. Who cares how President Obama sounds to your or anyone else's ear? Are his ideas sound or not? The opinions are louder than the waves in the current news cycle.

4. Your point about Germany appears to be germane and important, as do your points about China and the rest of the World's willingness to carry the debt burden of the US; the German situation suggests not.

5. Assuming you are correct in your assertion that the US is at the mercy of its Creditors, other than pointing out the house is on fire, what concrete suggestion would you have beyond the current ebb and flow of ideas being hammered through Congress?

6. We might all benefit if the shift was to "constructive criticism" rather than plain criticism; America's ingenuity is its many small voices and pondering minds having spirited and thoughtful debate for resolution, not for the sake of debate alone.

7. With your assertion over T-Bills and Mortgage Rates; when?