First 100 Days

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Feb 23, 2009 8:24 am

I realize that we're barely a month into President Obama's administration, but I'm wondering what is the plan for his twin themes of "Change" and "Hope" voiced during the campaign. So far it seems that what he meant was we're going to change back to the Clinton administration and hope that no one notices.



Or am I missing something?

Feb 23, 2009 8:43 am

I find it odd that a message of "Hope" has turned into a tone of "Despair". And he's going beyond Clinton.



Feb 23, 2009 10:24 am

To all the aspiring political analysts and senior economic advisors in Registered Rep forum land.  What is your proposal to save our economy and get it passed by Congress? 

 
 
Feb 23, 2009 11:17 am
jkl1v1n6:

To all the aspiring political analysts and senior economic advisors in Registered Rep forum land.  What is your proposal to save our economy and get it passed by Congress? 

 
 
 
1. Seriously address the coming entitlement spending crisis.
2. Balance the budget.
3. Put some kind of political control over the Fed and the Treasury to stop them from taking on more public debt.
 
Most of our problems are political, not economic, imo.
 
 
 
Feb 23, 2009 11:40 am
buyandhold:
jkl1v1n6:

To all the aspiring political analysts and senior economic advisors in Registered Rep forum land.  What is your proposal to save our economy and get it passed by Congress? 

 
 
 
1. Seriously address the coming entitlement spending crisis.  HOW?
2. Balance the budget.  HOW?
3. Put some kind of political control over the Fed and the Treasury to stop them from taking on more public debt.  HOW?
 
Most of our problems are political, not economic, imo.
 
 
 
 
We all are aware of the broader things that need to be done.  The question is how can these things be done?  We can all sit here and play Monday morning economist or pundit and bitch about Obama and his plans but nobody has yet to come up with anything let alone anything better.  The truth lies in the fact that what you said about problems being political.  Until those on both sides come together and get behind a plan instead of posturingm, nothing will work. 
Feb 23, 2009 12:01 pm
 [/quote]
 
1. Seriously address the coming entitlement spending crisis.  HOW?
2. Balance the budget.  HOW?
3. Put some kind of political control over the Fed and the Treasury to stop them from taking on more public debt.  HOW?
 
Most of our problems are political, not economic, imo.
 
 [/quote]
 
We all are aware of the broader things that need to be done.  The question is how can these things be done?  We can all sit here and play Monday morning economist or pundit and bitch about Obama and his plans but nobody has yet to come up with anything let alone anything better.  The truth lies in the fact that what you said about problems being political.  Until those on both sides come together and get behind a plan instead of posturingm, nothing will work.  [/quote]
 
Boomers have been squabbling since the '60s and haven't done squat in government policy. Nothing will happen until they go away. I didn't vote for Obama, but really thought at the worst he would represent a new way of doing things. Instead, he's trying to implement Teddy Kennedy's platform from 1976.
1. Entitlements? Means test SS benefits to income and/or assets. ... End Medicare or put caps on benefits.
2. Balance the budget? Just make some hard choices. California is the richest region in the world and can't balance its budget -- how crazy is that.
3. Stop giving these the Treasury Sec a blank check without any plan to spend the money.
 
 
 
 
Feb 23, 2009 5:00 pm
jkl1v1n6:

To all the aspiring political analysts and senior economic advisors in Registered Rep forum land. What is your proposal to save our economy and get it passed by Congress?







How about a little of the transparency that was promised?



Why, for example, did a news network have to go to court and sue to have the Treasury disclose what it did with the peoples' money?

Feb 23, 2009 5:17 pm

Stop mark-to-market accounting today. Re-enact the uptick rule for short sales.  Let the banks fail, and then sell off their assets. Companies would buy those bad mortgages at pennies on the dollar. 

 
Then, when (or if) the mortgage fails, they have a nice piece of real estate somewhere that they can turn around and resale. Yeah, this would kill home values. Super painful in the short term, but better for everyone in the long term. 
 
True capitalism works.
 
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries."
Churchill, Winston (after all, he was part American Indian)
Feb 23, 2009 7:38 pm

Churchill was also the guy to say something like:

"The best argument against democracy is a five-minute conversation with the average voter. "

Got to appreciate the cynicism

Feb 25, 2009 4:37 am
now_indy:

Stop mark-to-market accounting today. Re-enact the uptick rule for short sales.  Let the banks fail, and then sell off their assets. Companies would buy those bad mortgages at pennies on the dollar. 

 
Then, when (or if) the mortgage fails, they have a nice piece of real estate somewhere that they can turn around and resale. Yeah, this would kill home values. Super painful in the short term, but better for everyone in the long term. 
 
True capitalism works.
 
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries."
Churchill, Winston (after all, he was part American Indian)



Great post and I agree 100%

Feb 28, 2009 10:16 pm
ExPropTrader:
now_indy:

Stop mark-to-market accounting today. Re-enact the uptick rule for short sales. Let the banks fail, and then sell off their assets. Companies would buy those bad mortgages at pennies on the dollar.



Then, when (or if) the mortgage fails, they have a nice piece of real estate somewhere that they can turn around and resale. Yeah, this would kill home values. Super painful in the short term, but better for everyone in the long term.



True capitalism works.



"The inherent vice of capitalism is the unequal sharing of blessings; the inherent vice of socialism is the equal sharing of miseries."Churchill, Winston (after all, he was part American Indian)

Great post and I agree 100%





I whole heartedly second that! True Capitalism works!!