Is this financial crisis crisis a blessing in disguise?

[NWPow]

Granted I'm not happy what's going on right now with the bailout, etc. however, if our economy was strong Obama's socialist agenda would take hold of this country very quickly. How much can he really do when we are broke? Will his economic advisors tell him he can't raise taxes right now? Several months ago he said himself that he wouldn't raise taxes during a recession. Maybe his healthcare plan will have to take a back seat.

I'm praying all his rhetoric was just that and he can't deliver on any of his promises.

 

[yardfarmer]

Agreed..., hopefully handcuffed in the whitehouse!

 

[woodzy]

Granted I'm not happy what's going on right now with the bailout, etc. however, if our economy was strong Obama's socialist agenda would take hold of this country very quickly. How much can he really do when we are broke? Will his economic advisors tell him he can't raise taxes right now? Several months ago he said himself that he wouldn't raise taxes during a recession. Maybe his healthcare plan will have to take a back seat.

I'm praying all his rhetoric was just that and he can't deliver on any of his promises.

He said he wouldn't raise taxes during a recession, but is he admitting we are in a recession?

 

[Sturgis Sledder]

If the economy hadn't been an issue, Nobama never would have won.

 

[woodzy]

I'm thinking we're both going in the same direction here SS... higher taxes are coming.

 

[redlineguy]

He will need to scale back the programs, The money is just not there. Thankfuly.

 

[duffman]

He will need to scale back the programs, The money is just not there. Thankfuly.

I don't believe this, for example they could start pulling resources out of the middle east, that would free up some more capitol for social programs. Also, the new administration and like minded congress will use the poor economy to sell tax increases to the masses, you don't have to pay it will be your greedy rich irresponsible neighbor who caused the problem in the first place who will pay.

 

[Sturgis Sledder]

He will need to scale back the programs, The money is just not there. Thankfuly.

My fear is that to fund those programs he will gut the military (like Clinton), "redistribute the wealth", end the war in Iraq before it's really over, and raise taxes therefore crippling the economy even more.

 

[duffman]

beat ya!

 

[TS Drag Racer]

He said he wouldn't raise taxes during a recession, but is he admitting we are in a recession?

Doesn't matter what he admits. The #'s don't lie...........

 

[sky7051]

Didn't he already state one of his goals was to pull troops back from Iraq and Afgan as quick as possible. I feel Obama will be just like Clinton, a total gut of our military with redistribution of wealth. That'll enable him to say to the people "look at all the money and lives I've saved".... Then he can propose his taxes and his new medical plan because the money will be there.... just my thoughts

 

[Freak]

Actually you couldnt be more wrong. Socialism takes hold under crisis. Right out of Saul Alinskys rules for radicals. Prosperity will save us, crisis makes us vulnerable. We all need to fight to keep capitalism alive. By fight I mean work your *** off and resist govt assistance of any kind. Obama wants crisis so he can come to the rescue in all forms of industry just like they did with banking. When all the contractors go under and their is no one to build houses guess who will come riding in on a white horse to provide us with a govt funded housing developer? We cant let this happen. Work 2 jobs at walmart if you have to, but you must tell the govt no thanks! Bust your *** and the country will recover on its own. Start producing. That is how we will come out of this. Either way Obama looks like the savior but one way we keep our freedom and the other we are slaves. We must Care more about the people and the country than what people think about Obama.

 

[Sako7STW]

I have to wonder how the stock market is going to fair in the long run. I wonder if it goes down a bit more if i should dump some huge amount of cash into and be patient and wait. If it eventually recovers at a good rate, it should easily offset the money loss in taxes. i have lost 75% of my bottom line in my porfolio in the 6 months (thus no new sled this year) but I am going to ride it out as i know it will eventually get back to where it was but will be much larger due to buying more shares at a cheaper rate for the same amount of investing each check. the tricky part will be knowing when to get out.

 

[Supplicate]

A bust cycle is merely economic darwinism. let it crash to rock bottom and see who survives, it will only come back stronger.