Posted by: Samsara August 27, 2008
Lets Enlighten: Obama Vs McCain
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Madhesi, you defn have never had any economics classes, have you??  If so, the theory of economic lags would've made you realize that what you just said was the most ignorant statement anyone's ever heard.  The Clinton era was economically more on the uptrend than the Sr. Bush's era because of the end of the Gulf War.  Historically, anytime a War in the US was over, the country experienced higher growth than during decades of no armed conflict...Same scenario applies today, once the Iraq War is done with, the trillions in fiscal spending that took place in infrastructure is gonna come home to roost and we'd defn see growth if history is to repeat itself again.  Know that Economic Lags defn helped Clinton here, ain't no doubt about it.  Correspondingly, this helped Fed Chief, Greenspan be able to make the US economy more robust than ever. 

BTW, since you mention Volker as being appointed by Carter and you call Greenspan a great Fed Chairman...Did you know under who's administration was Greenspan appointed?  Under Senior Bush, man!!  And for all you out there who do NOT know how Fed Govs are chosen, the fact is that the President has NO hand in this!  The Prez can appoint the Treasury Chief but NOT the Fed Chairman and his Governors.  Another fact to ponder upon for anyone with no Economics 101 basics: The whole Interest Rate game (therefore the low mortgage rates which you say We enjoy) are decisions made by the Fed ONLY...No President has ever ben able to decide for the Fed Chief.  That is why the system has worked so well.  The Prez and his Treasury Secretary decide on Fiscal Policies ONLY whereas the Fed decides the Monetary policies (interest rates, printing $$, etc.)!!  So, with this said, Greenspan and NOT Clinton deserves credit for our low mortgages.

Finally, I don't care if you vote for Obama or the Republicans...And I don't need to convert you either like all those Obamaniacs out there.  I'm giving you my reasons why I think he is the wrong choice.  And you talk about Universal Health Coverage?  Give me a break!!  Obama's heath care plan was WORSE than what Hillary proposed but he undeniably was able to pull wool over the voters' eyes by proposing change in the political system and a break from Washington Insiders...What happened now (6 months later)??  He has chosen one of the GREATEST insiders to be the Veeps: Joe Biden who has been in Washington for the past 35 yrs or so!  If this whole thing ain't a farce, what is?? 

 

Last edited: 27-Aug-08 02:43 AM
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