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11217,
Wake up dude! Obama picked Biden “on the basis of getting elected” too. Do you really think he gives a flying shit what advice Biden has for him?
Vote on the important issues, not on the media BS.
sigh, arguing with republicans is sooo 2004. seriously, could there be a more intellectually bankrupt group of people?
ironballs, you are a caricature…
To the commentor above: no we wouldn’t sell at $750 (I hope!). I’m just wondering if that would be the selling price for a 4-story FG rowhouse that needs work if we waiting to sell next year? Does anyone think that is a possible scenario? What if we came up with a $1m or $1.25m asking in this climate? Are there buyers out there who have a mortgage lined up (or do not need a mortgage) who would be able to close amidst all this nervousness right now? I know that $1.25m would be a steal compared with the sale prices around us just in the last 6 months, but maybe everything has changed. Will home prices continue to drop through the next couple of years as some of the commentors have said?
I called the family broker at SB a while ago. He said everything’s okay because the income stream will not be impacted much. I don’t know if I understand it all that well but apparently it’s okay.
Regarding Carly: I worked at AT&T/Lucent. Carly is basically a nice person when you’re around her. She’s very cordial, but like many of the executives at AT&T/Lucent didn’t seem to know what was going on or how to control the collapse. She was part of all the rah-rah during the Lucent spin-off and look where that got us only a couple years later! She sort of looked dazed through the worst of it. It seems she overreached with the Compaq merger, made some bad decisions…and like all the guys, she was in it for the money.
I think Obama actually jeopardized things in picking Biden. what an uninspiring choice. That, along with his increasing payroll taxes on incomes over 250K, have been his only bum moves as far as I see it.
At least Obama didn’t pick his running mate purely on the basis of getting elected.
Especially considering age/health concerns.
Very reckless behavior. Doesn’t show a lot for McCain’s patriotism either that he’d choose someone who is most loved by the most uneducated of our society.
McCain is no saint. Cheated on his wife, took down a few planes due to reckless (again) behavior and not a while lot to show for almost 30 years in the Senate, except a State now battered worse than others with regard to the housing crisis, education, drop out rates, immigration and teen pregnancy.
Maybe Bensen,
But Obama’s friends and associates for most of his adult life have been far left wing and his voting record is far left as well.
It would be awesome if he became a centrist, like Clinton, but I doubt it.
He has too many personal debts and he’s made too many promises. Except in the movies, people don’t usually wake up one day a completely different person than they were the day before.
Though I too suspect that he says whatever he must to get elected and doesn’t really have any strong personal beliefs, so you never know.
DIBS;
I wouldn’t be so sure that loads of liquidity will stave off a depression. There is a well-known phenomenon during depressions or deep recessions,called the “liquidity trap”, that Keynes was the first to discuss. The most recent manifestation was Japan in the 90’s, where the interest was at 0%, yet the economy went through a long deflationary cycle.
I have to agree with IronBalls on the most critical (and real) point discussed in the food fight: Obama’s non-realistic proposals concerning protectionism and taxation. What he doesn’t seem to realize is that we are in an era of global capitalism, like it or not. The days of Washington DC summoning the captains of capitalism to dictate economic policy is long gone. If you make a country inhospitable to capital, it just goes to friendlier environs. Frankly, I think he is just spouting off these proposals to please the left-wing of his party, but he has no intention of actually proceeding with them. I note that once he secured the nomination, he rarely, if ever, talks about “rewriting NAFTA”, as he once did.
Well Dave,
We’ll just have to wait and see. . .
While I hope you’re right, everything I know tells me you’re wrong.
I have to say 11217, I almost find your interminable optimism infectious.
Gatesave:
One day does not a trend make. The huge run up over the past few hours reeks of market manipulation to me.
Ironballs is right to a significant extent: Protectionism at this juncture is dangerous, unless Obama is ready and willing to take take the reigns of the American Empire he admonishes. This isn’t the 1930s when we had a surplus of everything – people, land, factories, energy, and even credit. We are dependent upon the world for so many things,protectionism won’t work unless we do it British Empire style. I don’t think the American People can stomach that, and quite frankly I’m not confident our military is up for the task.
For the record, I also consider myself a protectionist and think the federal government should be entirely funded through trade tariffs. Returning to that world will be very difficult and unavoidably painful however.