Obama won the election 1) because of the very bad economy (the Republican party, even with Sarah Palin in the running, had no chance), 2) because people are really really really tired of the same old shit of the last eight years. Now that Obama is the president, can he now heal the economy and bring new changes? Or will it still be just the same old shit?
Meanwhile, Japan is officially in recession as our auto giants (Chrysler, Ford, General Motor) are asking us for $25B. If this is one of the changes are going to see or get used to, it is worse than bad. The engine room of our economy will shut down in no time.
Japan's economy, as you know, is the world's second-largest. It ntered into a recession for the first time since 2001 as companies sharply cut back on spending in the third quarter. The economy shrank at an annual pace of 0.4 percent in the July-September quarter, meaning Japan now joins the 15-nation euro-zone as officially in recession, defined as two straight quarters of contraction. The Organization for Economic Cooperation & Development, a club of rich nations, has said it expects the U.S. to slide into recession as well.
Obama has said it many times (he said it too many times people started to believe him and voted for him) that he could and would definitely bring back jobs and economic stability...will he put a gun to our head (again) for another $25B to save the "Big 3"?
And will people continue to hold on to their money because Obama is going to raise taxes?
Here's what other bloggers say:
Michelle Malkin:
"My syndicated column this week rips Hapless Hank Paulson and his flock of sheeple in Washington. The latest headlines suggest that the auto bailout is in trouble. But don’t get your hopes up too high. Politicians will cave. And no matter what euphemism they use, you will pay for it."
Politico:
"The public mood on economics today is a lot like the public mood on culture 40 years ago: Americans want government to impose law and order — to keep their 401(k)'s from going down, to keep their health-care premiums from going up, to keep their jobs from going overseas — and they don't much care whose heads Washington has to bash to do it."
Meanwhile, Japan is officially in recession as our auto giants (Chrysler, Ford, General Motor) are asking us for $25B. If this is one of the changes are going to see or get used to, it is worse than bad. The engine room of our economy will shut down in no time.
Japan's economy, as you know, is the world's second-largest. It ntered into a recession for the first time since 2001 as companies sharply cut back on spending in the third quarter. The economy shrank at an annual pace of 0.4 percent in the July-September quarter, meaning Japan now joins the 15-nation euro-zone as officially in recession, defined as two straight quarters of contraction. The Organization for Economic Cooperation & Development, a club of rich nations, has said it expects the U.S. to slide into recession as well.
Obama has said it many times (he said it too many times people started to believe him and voted for him) that he could and would definitely bring back jobs and economic stability...will he put a gun to our head (again) for another $25B to save the "Big 3"?
And will people continue to hold on to their money because Obama is going to raise taxes?
Here's what other bloggers say:
Michelle Malkin:
"My syndicated column this week rips Hapless Hank Paulson and his flock of sheeple in Washington. The latest headlines suggest that the auto bailout is in trouble. But don’t get your hopes up too high. Politicians will cave. And no matter what euphemism they use, you will pay for it."
Politico:
"The public mood on economics today is a lot like the public mood on culture 40 years ago: Americans want government to impose law and order — to keep their 401(k)'s from going down, to keep their health-care premiums from going up, to keep their jobs from going overseas — and they don't much care whose heads Washington has to bash to do it."
Comments
Post a Comment
What do you think?