Browsing the archives for the Obama category.



Please listen to this President Obama

Barack Obama, Obama, Politics, President Obama


“We had to struggle with the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. … Never before in all our history have these forces been so united against one candidate as they stand today.  They are unanimous in their hate for me. And I welcome their hatred!

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The US and Russia…Can we be Pals/Strategically Alligned Partners on Specific Issues

Barack Obama, Foreign Policy, Obama, Politics, President Obama

Adam

This will be a short post. I think we are beginning to see what could be the potential end of two long disagreements for the US.

Fareed Zakaria points out in his recent article in Newsweek that

His sin was to point out in a letter to the Russian president that were Moscow to help in blunting the threat of missile attacks from Tehran, the United States would not feel as pressed to position missile defense systems in Poland and the Czech Republic—since those defenses were meant to protect against Iranian missiles. This is elementary logic. It also strikes me as a very good trade since right now the technology for an effective missile shield against Iran is, in the words of one expert cited by the Financial Times’s Gideon Rachman: “a system that won’t work, against a threat that doesn’t exist, paid for with money that we don’t have.”

http://www.newsweek.com/id/189240/page/2

The Russians don’t want the US to install a missile defense system in Eastern Europe.  The US does not want Iran to expand their nuclear activity.  Russia has the ability to influence Iran.  Russian works with the US to end Iran’s nuclear ambitions, then the US does not install the defense system. 

This seems like a very good and possible scenario.  Why can’t we get this process rolling?

Also, scary thought…could Bush’s insistence on the defense system play out to ultimately be a brilliant strategic move?

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Can you fix a broken nation with a broken record?

Bailout, Barack Obama, Economic Policy, Economic Stimulus, Economy, Election, Infrastructure, National Infrastructure Reinvestment Bank, Obama, Politics, President Obama

Adam

I am going to say that it is probably difficult to fix our current situation with tax cuts.  I know…I know, the crazy liberal wants to raise your taxes and then spend all your hard earned wages. Not exactly.

I have a difficult time grasping the notion that the conservative chorus can only recite the same tune we have heard during a very recent 8 year administration.

“The only way to stimulate the economy is with lower taxes and tax incentives.”

Everyone is skittish now. Consumers, producers, and lenders. The argument that tax incentives will create job growth does not work.  Lets take a look at a couple of scenarios.

-  We create an incentive where an employer gets tax breaks for hiring new employees. (Currently part of the Obama plan, but really done for the purpose of appeasement)

So, under this theory, a company will hire a new employee for the purposes of expanding production of a good that a consumer is buying less of. Does not really work out in my mind.

- We lower taxes…

Well, with all of that extra money from lower taxes, companies will be able to expand production. Okay, so they expand production after borrowing to purchase what is necessary for the increase in productivity. They have to borrow because lower taxes do not mean available cash. This also seems to be a difficult challenge due to the well publicized reluctance of banks to give our money.

So why is it that the party that got a strong message from the American public this past election is grasping hold to its oldest idea?

I would like this cartoon to be an exaggeration, but right now it doesn’t seem to be.

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The Digital Administration

Barack Obama, Obama, Politics, President Obama

www.change.gov

What are your thoughts on having a new administration keeping the public informed at a level like this?

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Can You Stimulate Me Economically?

Barack Obama, Economic Policy, Economic Stimulus, Economy, Infrastructure, Obama, Politics, President Obama, Public Policy
Adam    

I heard a crazy thing the other day; things are not going in the right direction for our economy. Actually, I think I heard that a couple of years ago. You remember those days don’t you? There was a housing bubble still, sub-prime mortgages were parts of conversations, and the positions on the wars in Iraq and Afghanistan would decide the next U.S. President.

Today, we have a President-Elect whose stance on the wars most likely did not help him get elected.  The call for change of the way things have been going brought him to victory. Now, what change is going to take place is a couple of months away from being realized. One issue that is absolutely necessary is an economic stimulus package to go into effect as soon as possible.

The potential second economic stimulus package has been in the news for a couple of months now.  There are opinions flowing at both ends of the discussion. That being stated, I thought it was important for me to throw my thoughts out there.

First, checks being handed out to citizens should not happen again. That was like my cup of coffee at 1:00 pm after a late night…I’m still going to crash.

Second, Federal spending on infrastructure is necessary and has always been necessary. Its not spending for the sake of giving money back to the poor. Its an investment in the future.  I racked up a lot of student loans, which was an investment in my future prosperity. I didn’t go out and buy a bunch of stuff with credit, which I would say is not an investment.

These two scenarios are the way I see the two sides of the argument over the economic stimulus.

The current number most commonly being suggested is $150-$200 billion in economic stimulus. This should go heavily towards infrastructure investment. Liberals and conservatives are calling for this type of Federal spending. But why so little?

The United States’ GDP for 2009 is projected to be at $15 trillion. The package being talked about would only amount to roughly 1% of GDP. This past week China unveiled an economic stimulus package in the amount of $586 billion, 16% of their GDP. 

Some economists (liberal) are calling for more spending to make up the gap in output. Paul Krugman thinks the stimulus package should be 4% of GDP, or $600 billion. Similarly, Robert Reich states “government may have to spend $600 or $700 billion next year to reverse the downward cycle we’re in.

Now, to assuage any fears that the federal government is going to throw money at anyone who asks for it, there are actual needs for funds. The American Society of Civil Engineers puts the needed expenditures over the next 5 years to bring the nation’s infrastructure up to good condition at $1.6 trillion. This number is what is needed for “improvements”. What about the new investments that are needed for the world economic leader to continue to grow throughout the 21st Century?

We need infrastructure improvements, we need new infrastructure investment, we need economic stimulus, and we need jobs. All of these needs can be met with a strong economic stimulus package. The money needs to be spent at some point, so why not have the government spend that money when everyone else is hoarding their own money?

 

 

Robert

There is one basic flaw in your plan, Adam:  America is broke and it is time to start acting like it.  No one is talking about where this $200 billion dollars is going to come from.  “Oh, just skim it off the top of the GDP.”  It is important to realize that that money is going to have to come from somewhere and it will not be from the Defense budget (sorry, liberals!)  Who is going to fork it over?

The bottom line is that the last thing we need right now is for the government to meddle with the free market.  Their manipulating is what got us into this problem in the first place.  Though I may have slept through most of my economics courses, I know that basic supply and demand is the ultimate balancer of prices.  All that the government’s proposed stimulus package is going to do is continue to artificially inflate the economy.  Well, my friend Peter Schiff* and I have a better idea: bleed the pig.  It is time for us to let things get bad.  The economy is absolutely decimated and the only way that it is going to get better is if we let things occur naturally.  Save some money.  Tighten our belts.  Why is everyone looking at this like it is a bad thing?  It is a chance for America to get out the filth that has been poisoning the economy for so long.  We have got to go back to the fundamentals of our founding fathers: hard work, dedication, and savings.  This is how we are going to save the United States of America. 

The last thing we need right now is for the government to pump a bunch of cash into America’s infrastructure.  You do not buy new shoes right after you lose your job; You make do with the shoes you have until you are in a comfortable enough position to get a new pair or until your old pair is completely destroyed.  Same goes for the infrastructure.  Let the market dictate when the roads are improved, not the government.  There is no overnight fix and until the government is willing to stand aside and let nature run its course, Americans are going to continue to suffer. 

 

*Disclaimer: I am in no way an acquaintance of Peter Schiff.  He is the ultra successful CEO of Euro Pacific Capital, as well as a best-selling author and I am writing for a blog that even my mom won’t read.

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A New Hope or…

Barack Obama, Election, Obama, Politics, President Obama

Adam

Well…here we are with a new President Elect waiting on deck.  Obviously I am extremely happy with the outcome on many different levels.  But I’m not writing to gloat, I’m writing about the opportunities I feel we have for the country.  I believe, as is so often espoused in an election year by politicians, that we live in the greatest country on earth.  The opportunities every individual has access to here is not found anywhere else.  This is in large part due to our freedoms and individual desires and motivations.  The other part is in how our governments support the dreams of so many people.  This is the opportunity for our government to make the needed steps for renewed opportunities in the future.  I think that the building blocks for renewed innovation and growth will be set under this administration.  Is it possible for those who represent the people to work towards setting things in place for this renewal?  I can’t answer that. 

I do think it is very likely that our government will move past disagreeing for the sake of not conceding to the other side.  I know, it sounds like something a person on the “winning side” would say, but I truly believe it.  We are in, and going further into, desperate times.  This should be the time that we look towards the long term future, instead of only acting on crises as they overtake us.

I know I’m not getting into specific details on solutions to current and future problems.  I want to know if others believe these desperate times will bring great opportunity.  Will they?  Has optimism for our future left the people of this country?  Is it foolish to be hopeful of the potential that lies ahead?  Are the thousands of people who celebrated Tuesday night crazy or was that a time for them to truely be excited and inspired?

Right now, I’m hopeful…

 

Robert

Adam, I cannot help but be nervous about the next four years.  I guess I am one of the few people concerned that we now have a Democratic President, Congress and possible Supreme Court nominations looming.  Though there is a lot to be said for getting things done, my concern is that this government is going to undo many of the fundamentals that former bi-partisan governments worked so hard, together, to get passed.  I fear that checks and balances, a pillar squarely constructed on the shoulders of the Constitution, may be compromised.  This is not something that I can take lightly. 

As an American citizen, I feel it my duty to whole-heartedly support our new President.  It is crucial for us to unite as a nation and work as one to keep America’s flame burning bright.  These coming years are going to test not only our national unity and Barack Obama’s merit, but most of all they are going to test the fortitude of our Constitution.  I hope and pray that our elected officials remember the ideals that this country was founded on and use the Constitution as a beacon to guide America through these dark times.

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