http://www.counterpunch.org/2012/10/12/ … your-vote/
For those on the right, I think you can see the intent behind the article and why "voting for the lesser of two evils" may be counterproductive.
For my fellow liberals, try not to hate me too much :p.
I read your link and it's not the lessor of the two evils that's behind this. It is an ideology and philosophy of two different solutions to the same problems. Obama's solutions are short term by stimulating the economy. Romney's plan is long term. His oil independence program won't be in effect until 2020. I just finished reading his plan that is posted on his official website. It is quite revealing. Here is the link: http://www.mittromney.com/jobsplan.
There is another factor that is lurking behind the scenes and that is the Federal Reserve policy of Quantitative Easing. They are currently pumping 40 billion a month into the economy. This is separate from any administration policy. They will continue to do this until 2015 or until they have achieved economic recovery with the job market and housing. This is irrespective of any administration. I just read an article that said certain economists are afraid this could create an inflationary environment.
When will this short term stimulus begin to help?
There are improvements in the economy already, you just have to be receptive to them: Saving GM, housing market starting to recover, job market starting to recover, many savings for medicare on prescription drug costs, Closing donut hole for seniors.
I take it you didn't read Romney's plan. The frame work for his plan is all based on long term gains. Romney is using supply side economics where the riches gains trickle down to everybody else so they can buy products that business have supplied. That takes time.
Obama is using demand side economics where the economy is injected with stimulus money so that people can buy products and services. This happens on a relatively shorter basis. If you get a chance, read Romney's plan. It's 8 pages, but quite revealing.
@peoplepower73 I'm not knocking Romney or Obama. Long term plans sound good and if everything goes the way they're suppose to, they usually work. But, as we all know, a lot of things can happen in 7-8 years. Plus people want to see the results yesterday, especially if they're struggling to make ends meet. If Romney is elected and serves only one term, the following president may scrap his long term idea due to circumstances in the Middle East, another recession, or for purposes of getting elected a second term if Romney's plan isn't popular. Predicting the future, epecially when dealing with oil and the nut cases that run these Middle Eastern countries is basically gambling with super high odds. Who knows, maybe someone will finally come up with a practicle way to run cars and other gasoline dependent vehicles on hydrogen (HINT: you need to produce a small generator that produces a lot of electricity)
Paul Wingert: I agree with you completely. I think politicians who have long term plans that are well beyond their terms are blowing smoke up their own butts. Because like you said there are so many variables that can thwart their plans. I think a lot of has to do with ego and creating a legacy for themselves. Although there are some plans that have been in place for the long term. But even social security, medicare, and Obama care can be in jeopardy under certain circumstances.
knolyourself: Very interesting article. Thanks for sharing. We shall just wait and see. But I would rather be an informed investor and know what I'm waiting for than not have a clue about what is going on behind the scenes. This is why I think who ever becomes president will have this lurking force in the background.
This lurking force runs the country by proxy. Ellen Brown is the best economist I have run across. As an investor - the game is fixed.
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by pisean2823115 years ago
what are ur views for this guys?
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