Obamanomics

The article linked below provides a great argument as to why the current Administration's effort to improve the economy has failed.

Why Obamanomics has Failed

Before I am accused of being an Obama Basher, please understand I'm completely Administration-agnostic. My focus is more on what our government in general is doing, regardless of whether the incumbant President is a Republican or Democrat. As I've begun to understand more about the state of our political environment, I've come to realize that my views cross the aisle; if I can be termed anything, the most accurate would probably be that of a Libertarian.

I did, however, vote for Obama during the Presedential election, and am now regretting that decision; the Change Obama has brought to Washington is not what I had in mind. I think it's considerably more of everything with which I have been dissatisfied and I had hoped he would change in the first place.

State of the Global Economy Spoof

Every now and again, we need a bit of comic relief to help us through some of our most troubling times. In the following video, two people discuss the State of the Global Economy, and while sad, the interchange is indeed comical.

No 2010 US Budget

I don't know about others but this just seems wrong. The House Majority Leader said that Congress will not pass a budget for 2010.

Washington Times Article

We're facing record deficits ($13 trillion!), reeling from fallout over austerity efforts in Europe, and our elected officials don't think now is a good time to try to put our finances in order?

Does anyone see any wisdom in this approach? I certainly don't but surely there has to be some here?

I voted for Change but this was not what I had in mind.

Housing Double Dip

I found this interesting. In the embedded video, Meredith Whitney says that a double dip in housing is a certainty.



Given the catalyst of the last dip was related to housing, wouldn't this be the same a second time around, presenting us with an economic double dip?

Or, have Fannie and Freddie gobbled up enough mortgages to get them off of corporate books, which might help shield the wider economy from a double dip?

In either case, when pressed by CNBC, Whitney would only commit to saying that there was a chance greater than 1% that we'd see an economic double dip.