As President Obama looks forward to the State of the Union message he’ll be giving this week he must be racked with disappointment. He had spoken of the trifecta of universal health care, increased funding for education, and tackling the energy and carbon “footprint” problems. But now he’s done none of that. He had no agreement on energy he can hold in his hands and wave before the public. People were hoping that perhaps he could point to members of the Bush Administration that were in jail today because of his actions. The President cannot recite economic statistics which proclaim that the recession is a thing of the past and we are well into recovery. In short he won’t be able to call it “Morning in America” once more the way President Reagan could. One would hope that he would have encouraged the restoration of Glass – Steigel laws. But from here it looks as if last Thursday’s words on the banking community were more just a lonely shot in the dark. What he says he wants to do is “restore the spirit of Glass – Steigel”. Why isn’t he pressuring Congress to do that? What’s the problem? On George Washington’s blog one posting says “When it comes to bank reform I’ll believe it when I see it”. The whole idea is that banks cannot use customers’ money for risky financial propositions such as these “derivatives” or bets on bets and an general participating in what amounts to a gambling casino situation. But little time was spent on any Sunday show even discussing this possibility. The problem with President Obama is that he just is not believable any more. I’d like to see his words followed by corresponding actions. After all “actions speak louder than words”. Perhaps Roosevelt and Truman and Kennedy were activist crusaders, but Berock Obama is cut from a different cloth. Just because he is Black we can’t make the assumption that he has the soul of an activist. Instead his attitude tword progressives is throwing them a bone - - such as an occasional speech on their pet topics, but even these speeches are just watered down gruel. They say that he is an “academic”. Well he’s more like a robot. But to be honist, I’ve seen more emotionality from Commander Data on T N G than I have with the President. People like me like to listen to speeches like this from our Governor or our President, to gauge where their head is at. President Obama is at a crossroads and from what liberals have been saying, they are about at the end of their rope and will no longer look upon him as some ally they can count on but, alas, he will be just another part of the problem.
Google may be developing principles because it now plans to pull out of Red China completely if China continues to censor it’s web search results. It seems a Google account was hacked last week and the hack was traced to the Chinese government. People in the Obama administration are saying they are behind Google and urge the Chinese government to be more open, the way they should be.
The Afghan – Pakistani border is a nineteenth British Empire creation to denote the limits of their domain. But in the process they have split up basic tribal groups that now strattle the border. As such the area inside Pakistan will continue to be hostile to US interests, particularly with our bombing them with drones. Also Pakistani government sees Al Qaeda as an ally against the Indian government. With these two things in consideration, along with the natural corruption by US contractors, it makes little sense to continue this war in Afghanistan. That’s what re-think Afghanistan.com says now.
As I have said we may be headed tword a double-dip recession if China curtails our monetary financing, which they seem to have begun. Washington’s Blog had a chart of real estate foreclosures that spike in this year of 2010 and the chart indicates this spike in detail as something which has already taken place. There is so much lag time built into the system from delays in employee hiring to reduced tax revenues which send contractions in funding all through state government. We won’t see real economic growth till all of this “contraction” had thoroughly worked its way through the system. Instead of stocks continuing to rise, they say this week the Dow Jones Industrials were down over 450 points. We can’t have that. In order to have any real hope of a real recovery beginning, stocks should be making new highs as they were in Nov 1982.
No comments:
Post a Comment