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Obama 7 - now what?

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Re: Obama 7 - now what?

Feds have screwed over every student in Public Schools, period. Promised 40% of special education, never paid more than 15.

Get them out of it.

Agreed. Wow, I don't think I've ever said that to an SD post.

Get the unions out of government as well. When taxpayer money is at stake, you can't have labor groups threatening to hamstring the day-to-day operations of the United States. And with regards to education: If that means paying the teachers more, than so be it.
 
Re: Obama 7 - now what?

today's scary email in my box!!!.....:eek: :eek: :eek:


Dr. Krauthammer is on Fox News. He is an M.D. and he is paralyzed from the neck down. Be forewarned on what is happening. A friend went to hear Charles Krauthammer. He listened with 25 others in closed room. What he says here, is NOT 2nd-hand, but 1st. You would do well to read and pass this along to EVERYBODY that loves his country. This is VERY serious for the direction of our country. The ramifications are staggering for us and our children

Last Monday was a profound evening, hearing Dr. Charles Krauthammer speak to the Center for the American Experiment. He is brilliant intellectual, seasoned and articulate. He is forthright and careful in his analysis, and never resorts to emotions or personal insults. He is NOT a fear monger nor an extremist in his comments and views. He is a fiscal conservative, and has a Pulitzer Prize for writing. He is a frequent contributor to Fox News and writes weekly for the Washington Post. The entire room was held spellbound during his talk. I have shared this with many of you and several have asked me to summarize his comments, as we are living in uncharted waters economically and internationally.

Even 2 Dems at my table agreed with everything he said! If you feel like
forwarding this to those who are open minded and have not drunk the Kool-Aid, feel free. Summary of his comments:

1. Mr. Obama is a very intellectual, charming individual. He is not to be
underestimated. He is a cool customer who doesn't show his emotions. It's very hard to know what's behind the mask. Taking down the Clinton dynasty from a political neophyte was an amazing accomplishment. The Clintons still do not understand what hit them. Obama was in the perfect place at the perfect time.

2. Obama has political skills comparable to Reagan and Clinton. He has a way of making you think he's on your side, agreeing with your position,
while doing the opposite. Pay no attention to what he SAYS; rather, watch what he DOES!

3. Obama has a ruthless quest for power. He did not come to Washington to make something out of himself, but rather to change everything, including dismantling capitalism. He can’t be straightforward on his ambitions, as the public would not go along. He has a heavy hand, and wants to level the playing field with income redistribution and punishment to the achievers of society. He would like to model the USA to Great Britain or Canada .

4. His three main goals are to control ENERGY, PUBLIC EDUCATION, AND NATIONAL HEALTH CARE by the Federal government. He doesn't care about the auto or financial services industries, but got them as an early bonus. The cap and trade will add costs to everything and stifle growth. Paying for FREE college education is his goal. Most scary is his healthcare program, because if you make it FREE and add 46,000,000 people to a Medicare-type single-payer system, the costs will go through the roof. The only way to control costs is with massive RATIONING of services, like in Canada . God forbid.

5. He has surrounded himself with mostly far-left academic types. No one around him has ever even run a candy store. But they are going to try and run the auto, financial, banking and other industries. This obviously can’t work in the long run. Obama is not a socialist; rather he's a far-left secular progressive bent on nothing short of revolution. He ran as a moderate, but will govern from the hard left. Again, watch what he does, not what he says.

6. Obama doesn’t really see himself as President of the United States , but more as a ruler over the world. He sees himself above it all, trying to
orchestrate and coordinate various countries and their agendas. He sees moral equivalency in all cultures. His apology tour in Germany and England was a prime example of how he sees America, as an imperialist nation that has been arrogant, rather than a great noble nation that has at times made errors. This is the first President ever who has chastised our allies and appeased our enemies!

7. He is now handing out goodies. He hopes that the bill (and pain) will not come due until after he is re-elected in 2012. He would like to blame all problems on Bush from the past, and hopefully his successor in the
future. He has a huge ego, and Mr. Krauthammer believes he is a narcissist.

8. Republicans are in the wilderness for a while, but will emerge strong. We're pining for another Reagan, but there will never be another like him. Krauthammer believes Mitt Romney, Tim Pawlenty and Bobby Jindahl (except for his terrible speech in February) are the future of the party. Newt Gingrich is brilliant, but has baggage. Sarah Palin is sincere and intelligent, but needs to really be seriously boning up on facts and info if she is to be a serious candidate in the future. We need to return to the party of lower taxes, smaller government, personal responsibility,
strong national defense, and state’s rights.

9. The current level of spending is irresponsible and outrageous. We are
spending trillions that we don’t have. This could lead to hyper-inflation, depression or worse. No country has ever spent themselves into prosperity. The media is giving Obama, Reid and Pelosi a pass because they love their agenda. But eventually the bill will come due and people will realize the huge bail outs didn’t work, nor will the stimulus package.
These were trillion-dollar payoffs to Obama’s allies, unions and the Congress to placate the left, so he can get support for #4 above.

10. The election was over in mid-September when Lehman brothers failed, fear and panic swept in, we had an unpopular President, and the war was grinding on indefinitely without a clear outcome. The people are in pain, and the mantra of change caused people to act emotionally. Any Dem would have won this election; it was surprising it was as close as it was.

11. In 2012, if the unemployment rate is over 10%, Republicans will be swept back into power. If it's under 8%, the Dems continue to roll. If it's between 8-10%, it will be a dogfight. It will all be about the economy. I hope this gets you really thinking about what's happening in Washington and Congress. There is a left-wing revolution going on, according to Krauthammer, and he encourages us to keep the faith and join the loyal resistance. The work will be hard, but we're right on most issues and can reclaim our country, before it's far too late.

Do yourself a long term favor, send this to all who will listen to an intelligent assessment of the big picture. All our futures and children's futures depend on our good understanding of what is really going on in DC!!!! And our action pursuant to that understanding!!! It really IS up to each of us to take individual action!!! Start with educating your friends and neighbors!!!
 
Re: Obama 7 - now what?

Not a chart the GOP wants to see. OTOH, Obama sure seems to be falling behind in his plan to dismantle Capitalism... ;)
 
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Re: Obama 7 - now what?

Not a chart the GOP wants to see. OTOH, Obama sure seems to be behind in his plan to dismantle Capitalism... ;)

You know, I'm a little befuddled by the DJIA. As the chart shows, it's barely off its previous highs anymore. Yet a ton of production has been lost to bankruptcies, unemployment is sky-high and climbing, inflation is coming fast, etc. I've read some opinions that we're headed for a double-dip crash, the second dip making the first a walk in the park. But again, the market shows nothing but optimism. Any economists here that can tell me why stocks are still so over-valued (relative to earnings) compared to long-term history, even after everything we've been through and have yet to face?
 
Re: Obama 7 - now what?

You know, I'm a little befuddled by the DJIA. As the chart shows, it's barely off its previous highs anymore. Yet a ton of production has been lost to bankruptcies, unemployment is sky-high and climbing, inflation is coming fast, etc. I've read some opinions that we're headed for a double-dip crash, the second dip making the first a walk in the park. But again, the market shows nothing but optimism. Any economists here that can tell me why stocks are still so over-valued (relative to earnings) compared to long-term history, even after everything we've been through and have yet to face?

one doesn't buy on past... but on future earnings.

(course it's still a craps table right now... but sometimes the dice get hot :cool: )
 
Re: Obama 7 - now what?

You know, I'm a little befuddled by the DJIA. As the chart shows, it's barely off its previous highs anymore. Yet a ton of production has been lost to bankruptcies, unemployment is sky-high and climbing, inflation is coming fast, etc. I've read some opinions that we're headed for a double-dip crash, the second dip making the first a walk in the park. But again, the market shows nothing but optimism. Any economists here that can tell me why stocks are still so over-valued (relative to earnings) compared to long-term history, even after everything we've been through and have yet to face?

I don't know that the value the stocks initially lost was real. Unemployment will get worse before it gets better, no question. Inflation is the great unknown -- it used to be a law of physics that when the government devalued the currency by running the presses, inflation ran away. But the government has been running the presses since Reagan -- 30 years of irresponsibility -- and no piper has shown up to be paid, yet.

I don't believe the laws of economics have been repealed, but this has been a strange economy for decades, with insane stock profits, no inflation, low unemployment, stagnant wages, and a burgeoning wealth gap. Maybe it's been a protected honeymoon while the rest of the world needed our cash to develop. Maybe it's just been the few living off the gradual strangulation of the many.
 
Re: Obama 7 - now what?

...I don't believe the laws of economics have been repealed, but this has been a strange economy for decades, ....

because many of the traditional dynamics have changed. the basic push of inflation was 'too much money chasing too few goods'. here we've seen results of the globalization of industry adjust these. whereas before you'd have labor getting more money to chase goods, now you have jobs leaving to go to china/india/etc where those labor costs are cheaper. the resulting unemployment leaves many without the funds to chase good -- so this works to keep inflation away. in a way the money that's been printed has just gone straight into the business owners pockets. there is a flat to small growth in that population, so big toys increase in price while target & wal-mart are able to keep a supply of low priced goods available for the general population (being made in china of course, where the constant sales price only cuts into the massive margin they pocket while commodity prices rise). chinese tv's could sell for a ton less than the cheap price they already go for -- but simple supply/demand with elasticity shows them that they can charge a nice mark-up and save cuts and discounts for later. so some of your basic economics still stands ;)
 
Re: Obama 7 - now what?

Not a chart the GOP wants to see. OTOH, Obama sure seems to be falling behind in his plan to dismantle Capitalism... ;)
Some of the non-Wall Street financial types are changing from bullish to bearish. So give this a little more time and then lets see if they are right.
 
Re: Obama 7 - now what?

You know, I'm a little befuddled by the DJIA. As the chart shows, it's barely off its previous highs anymore. Yet a ton of production has been lost to bankruptcies, unemployment is sky-high and climbing, inflation is coming fast, etc. I've read some opinions that we're headed for a double-dip crash, the second dip making the first a walk in the park. But again, the market shows nothing but optimism. Any economists here that can tell me why stocks are still so over-valued (relative to earnings) compared to long-term history, even after everything we've been through and have yet to face?

Because there's no other place for investors to put their money with the hopes of getting any kind of decent return. So, they throw it into stocks.

Just another bubble.
 
Re: Obama 7 - now what?

You know, I'm a little befuddled by the DJIA. As the chart shows, it's barely off its previous highs anymore. Yet a ton of production has been lost to bankruptcies, unemployment is sky-high and climbing, inflation is coming fast, etc.

But on the "plus" side, efficiency is up because people are scared shiatless about losing their jobs, and savings rates are up for the same reason. :confused: :(

I have no idea about the DIJA, or equities right now. I bailed out of the market in Summer '08 before everything went south. Right now, it's money market funds, CDs and some smallish commodities positions in gold and oil futures.
 
Re: Obama 7 - now what?

You know, I'm a little befuddled by the DJIA. As the chart shows, it's barely off its previous highs anymore. Yet a ton of production has been lost to bankruptcies, unemployment is sky-high and climbing, inflation is coming fast, etc. I've read some opinions that we're headed for a double-dip crash, the second dip making the first a walk in the park. But again, the market shows nothing but optimism. Any economists here that can tell me why stocks are still so over-valued (relative to earnings) compared to long-term history, even after everything we've been through and have yet to face?
We saw an outward shift in the preference for stock investments back in late 80's and into the 90's. This has put more people into the stock and bond markets than were participating before. Because of that change in preference, prices will bid up higher than before, relative to earnings.

Prior, the average American only invested in the markets through their pension plans (unknowingly doing so, I might add). Then along came the 401(k) plans that whetted the appetites for investors' interest in mutual funds. That, I think, then lead to more investors putting even more money into the markets, but directly purchasing the assets rather than having money managers take a slice via mutual fund fees.

Once upon a time, a P/E ratio of $12 was considered to be inline with a "natural" growth of a company. Now I think it's more like $16, but I'm very willing to be wrong on that number.
 
Re: Obama 7 - now what?

but?!!?!? he hated on BHO!!:confused:
This isn't a blind defense of Obama. I didn't even read the email.

I know Krauthammer. He's a fool. There are smart people who disagree with Obama on foreign policy. Krauthammer isn't one of them (unless he's been plagiarizing).

[/inside baseball]
 
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