Friday, January 04, 2008

poor mr. or mrs. next president

It was my intention to not discuss the caucus results of Iowa and or Barack Obama at all so early in the election. I was hoping after reading a substantial corpus of blogs from around the globe I would see a majority of the implications discussed. Especially after such a "stunning" victory (others words not mine; stunning to me is 50% of the votes).

For the record, your boy here likes to stack a little change. Easy change which means using your brain. Maybe some consulting or statistical data analysis mostly, but also in them markets, precious metals and Forex exchanges. I mean I bought my first stocks when the DOW was at 3500 (which fell today 266.84 to 12,998.28). So one could suffice to say I have accrued and nice sum of chump change.

However, I feel that whoever the next President is, there will be something to deal with that won't be easily dealt with either with the rhetoric of experience or new leadership. This week, an ominous and unfortunate event occurred, the price of oil went over the mythical $100.00 a barrel mark. Although it returned below that level, it did happen.

True, the price is a function of increasing demand, especially from countries in Asia like china and India, but it is also a major consequence of the falling dollar. It is also a function of disruptions abroad due to civil unrest and war. Not to mention, that in America, there is no productivity in manufacturing, we make nothing anymore, no job creation and as noted in 2007, a 40% increase in consumers filing of bankruptcies. The latter itself is the function of another indicator - the increase in foreclosures and the decline of the housing market.

Now I'm no economist, but I think I was taught well by my 10th grade Econ teacher at Hamilton High School in Memphis, Dr, Moyer, but I can say that when Bush came in, we had a surplus and now, by the next 120 day, who knows, maybe inflation. And the Federal Reserve may not be able to do nothing about it. I mean as long as I have been investing, in particular in forex and precious metals, the dollar normally increased proportionally to the price of Gold. Now the dollar goes down as gold (and oil) increases. This scares the fuck out of me and the 300K plus I have saved over the years.

So yep, Obama won Iowa. I do wish him the best albeit I am supporting neither democratic or the republican nominee. Nonetheless, still more states and regardless of whoever wins, I feel sorry for poor Mr. or Mrs. President, whoever they maybe.

[PS: ANY YAWL SEE HOW ROMNEY STOLE THE MESSGE OF CHANGE FROM YO FOLK OBAMA-LOL. THEY STOLE ROCK NOW THIS.]

50 comments:

One Man’s Opinion said...

I'm glad you decided to do this post, Mr. Dawg. It was very well written and insightful. I agree, it is gonna be a hard road to tow, for whoever takes the Presidency, with the challenge of oil prices and the war we are fighting, but they know what the road ahead has to offer and they are willing to face it head on, As far as the overwhelming win fall for Obama. I think they say that because he is a black man in a white state (numbers not withstanding). Peace my brother and Happy New Year.

Torrance Stephens bka All-Mi-T said...

One Man - I agree, its stunning to have a black man win the superbowl as a quarterback. u right anything we do stunns them except for crime. thanks 4 the blessings

Anonymous said...

Down here, they all over the radio station saying that since he won Iowa, thats a reason to vote. I was taken by this because it was like telling black folks vote for the black man or worse vote for the democrat. I think he is the best canidate - thats what they should have said. vote for the best canidate. we are not sheep. we can think. Excellent post. Because most of us don't know the economic situation today, let alone when or if he or the next president elect tales office.

Curious said...

I don't think that it will be smoothe sailing for Obama for the the next few months. Both Hilary and Edwards will fight like the she cats they both are and attack him mercilessly. But if you are into horse racing, this might be the most interesting one we've had in years.

enigma4ever said...

today THEY ALL stole the Change Messege....Mitt, Huck....Next will be McCain....and the
funny thing...
all of the Talking Heads were stunned...
they really thought it was going to be Mitt and Hill...
they proibally had little party balloons all ready....oye....

It was some kind of Night...Amazing...
( I think Michelle is much more eloquent than Hillary....and she connects....I do like Elizabeth Edwards too..)...

And Obama's Speech and Edwards Speech- NOW both of those Speechs really did sound Presidential....wow...finally.

Torrance Stephens bka All-Mi-T said...

Anon - nothing worse than and uneducated populus of sheep

Curious - i agree, like a greyhund race, or the great race (the old movie with Tony Curtis) exciting

Enigma - i guess no creativity in politics, and u dead on about the wives

Shelia said...

Bottom line, I agree with the fact that whomever becomes the next president of this country has their work cut out for them. GB has so screwed up this country inside and out, at home and abroad from sea to shining sea, that the next president will be at work night and day just to straighten things out. Damn making any improvements.

enigma4ever said...

But the next president will have to have people willing to help and work to clean up the Mess that Bushco has left everywhere....it is amazing how many things this incompetent idiot thug has broken in our country....
from education to Iraq to VET care to healthcare to Economy to ????? you name it , he broke it....

Hillary can take her abestos pantsuits and go back to NY as far as I am concerned....( she has not done squat as a Senator....)

thank you for what you said about the Wives...

very cool blog....keep at it..this is the most important year yet to blog...

Torrance Stephens bka All-Mi-T said...

shelia - well put, your boy Iow republican winner jones talking about he gone Frankenstien the government (take it apart and put it back together

Torrance Stephens bka All-Mi-T said...

enigma - so true, thats what i liked most about what occured, speeches aside, a real america, all the regular and diff folks pulled together, gone be hard to dissect this elrctorate and thanks Im gone (im country) ad u to my section called some other thangz if u dont mind

memphiz said...

Im not real political but this is just a thought of mines...I honestly believe that if Obama or Clinton wins people are going to try to take them out point blank...now I could be wrong but there is some possibility America is not ready.

jameil1922 said...

I was just talking to my father about this money situation 2 weeks ago. The dollar is ridiculous. You can't even travel in Europe anymore. Who wants to pay 2xs as much for everything? Not me. WACK. I want to know how to reverse it. How is it that the dollar is becoming a peso or real?? FIX IT!! (never understood econ. i understand math, logic, english, history. econ is how you get jameil to glaze.)

Caoimhin said...

I am viewing this race from afar but with interest. Don't you think a Dem ticket of Obama/Edwards and a Rep ticket of McCain/Guiliani would be a fair offering of choice for the voters?

mp1 v.8.0 said...

memphiz, I think that's a legitmiate worry. I'm worried about that myself.

T, you're so right about this economy. It's in the shitter. Whoever does win this election is going to have to address a boatload of issues. It's going to be impossible for them to restore the prosperity that was here in the 90's. It's going to take a number of regimes to get that straightened out.

Jaded said...

I've been blogging about how the US Government is the biggest business on the planet for a few years now. I don't believe the current system is at all how our "founding fathers" intended things to work. This 2 party system makes it impossible for some highly qualified candidates to even make it to the ballot, let alone have a chance to be elected. This is why I call it the lesser of all evils...it's all bad, and we have to decided who is less horrific than the other. As long as those in power have the means of capitalizing financially on their positions, nothing will change for the rest of us. Our country suffers, yet they get richer. Doesn't make any sense to me.

I like Obama. I think he's someone who just really wants to do what's right and help people. I don't think he's been around long enough to be tainted by the status quo. I have to disagree with you at least to some degree about the "us vs. them" thing. When you say "anything we do stuns them except for crime" that kind of confuses me. I think they considered it a stunning victory because Clinton was expected to win that race based on straw polls and she ended up in 3rd place. At one point, they though Edwards would beat her, she'd come in 2nd and Obama a disant 3rd. Neither of those scenarios played out.

As I said, I like Obama. I like what he has to say, I like his vision, I like his warmth and the fact that he seems real and connected to regular people. It never occured to me that I was also supposed to consider his race. A good man is a good man, period. Well, that's what I think anyway.

Torrance Stephens bka All-Mi-T said...

Memphiz & MP - I seem to have had tht fear with each cand. of Color since Martin. I was 6 and remember national guard on my street corner in memphis telling me i could not come outside and play in my own front yard.

Jam - I dont know, i to have asorted skills in other areas, with the exception of typing and spelling. Tell wht, start investing, fre market. You will learn about real world economics then. I mean we know McDonalds after buying? I'd be mad as a MF if I asked for a big mac and thy give me some bun and some special sauce. We learn when we spend and participate

Caoimhin - can see 3, but you stilll have to tell and sale me o the "truithnes" of Jones from New York

Jaded _ I agree, I LIKE him to nd he is throwback (an artist Philospher). But I am a Libertarian, and in the end if best reflect thoes views then he straight, thats all I sk. Thinking politics with action - don tred on me man

Caoimhin & Jaded - do come back

Stephen Bess said...

Thanks for this. This was very insightful and salient post. I have my concerns about the presidential race. I like Obama and his connection to the people, but I'm not sure if America is ready for a black, brown, or beige president. Some of America can easily forget it until they look at his wife, who is a darker shade of brown. I'm not politically astute, but I am afraid that the Democratic vote will be split and America will have to endure another eight years of the status quo. Can anyone break that down for me?

Jaded said...

I am registered as an Independent. I used to be Republican, but I "formally disaffiliated" myself from any party, because I don't like the way things are run.

We had a Libertarian candidate for governor a while back here in NJ. I campaigned for him, and voted for him. He lost the election to the republican, Christie Whitman, although he did get a lot of votes. Ultimately, in an effort to become a more "legitimate" politician, he became a Republican, and now I can no longer support anything he does.

Thanks for stopping by my blog. I don't always blog about controversial stuff...often it's just the day to day stuff that is my life. I throw in the other stuff as I get annoyed.

Mark Rauterkus said...

Yes, the challenges are great. But, wars can be ended. Handouts can be terminated. Freedom can be restored -- or at least made a more valued asset.

Ron PAUL can win.

Otherwise, the downward spiral of American will quicken.

msladydeborah said...

No matter who wins this next election~they are going to spend their first year cleaning up the Bush Admin's mess. And that is a major ecology job in my mind. It is full of toxic waste from the lack of leadership and intelligence.

I disagree with those who are fearful for Obama's life as a reason not to support his politics~(if they are acceptable.) I have no doubt that Barack and Michelle have thought about and discussed the possibility of this happening. What person of color wouldn't think of that as a realistic possibility? I am sure George has thought about it during his time in office.
In reality~any body can be killed in this nation at any given moment for a variety of reasons. Do you really feel safe in America?

This post has validity. The market and economy is in a state of emergency. We cannot ignore the fact that a recession is possible.

One of the things that I like about Obama's politics is the fact that he also challenges us to be a part of the solution.

That says to me that I have to be actively responsible in my community for what goes on. And do some needed work in the place where I live. To become involved and to make a commitment to do something other than sit.

Torrance Stephens bka All-Mi-T said...

msladydeborah - toxic waste is good but i'd be apt to say toxic shock and asking people to participate is his strength, most folk like to act as if they know everything, especially politricksters . pls do return


Mark Rauterkus - true wars can be ended and any one has a chance to win, but will he, and the only hanmd outs i am concerned about are thoese on Wall and K streets

Jaded - anytime, I mean i think party politics is the main conundrum in our country, wish we had a few Whigs left (where is a Linoln when you need them. and I will kep on dropping by. Not to mention, I guess u can tell I write or ramble on about anything - inclusive of Tartuffe

Stephen Bess - Thanks for the drive by. I agree you mean 23 (Bush and Clinton are the same gang if U asked me). wish I could proffer a response to your query but I cannot. and dont be a stranger

guerreiranigeriana said...

...happy new year sir stephens!!!...interesting post...not interested in the election at all, if it even happens...whatever candidate wins will have a lot of shit to clean up...

...the dollar is nothing!!!...in nigeria, money just flowed out of my hands...hope to get a job in the uk...the pound/euro goes a lot further in nigeria...economy is seriously fucked!...

...hope your year has started off well and that this year brings you many blessings...

socalmuchacha said...

Totally off-topic, Torrance, but you just KNOW this Chargers gal has to come see what you think about tomorrow's game. ;) Our last meeting with your boys was a 'down-in-the-dirt' mess; one which we barely squeaked out. Soooo, what about this one?

Mes Deux Cents said...

Hi Torrance,

As for the general election; I would just remind everyone of the tactics used in the Tennessee Senate race.

The attacks on Harold Ford Jr. will be the same attacks on Sen. Obama.

I may be a cynic but I just don't believe that America, in all her racist glory, will elect a Black person President.

MrsGrapevine said...

Republicans are smart at this game, that's why they keep winning. Romney know his party don't care about the working class, but he'll make them think he does.

Direction is lost in this country and four years is not nearly enough to make a dent. Although it only took Bush two years to set us back in time ten. Why is it so easy to mess thing up and so hard to clean it back up?

CaroleMcDonnell said...

Ah, Torrance! A man after my own heart. I'm not too keen on any major party candidate.

Check out my post on All about race.com on Barack.

-C

CW said...

Anyone who makes it makes it to the White House will have a helluva mess to clean up! Dr Ron Paul is my first choice...Sen Obama is my 2nd...


BWDB http://www.enoughisenoughcampaign.com/

Torrance Stephens bka All-Mi-T said...

MD2 - cynical is a synonym for unbelieving which sounds wise to me




guerreiranigeriana - how is my former student. u know i had my acounts shifted Pounds and Dinars LOL ad you school still hatin


socal - congrats

mrsgrapevine - true, id say 23 years (bush/clinton family)


Carol - will do

CW - Paul is the smartist and most pragmatic of them all

B_More BAP Life said...

I must agree with you on that my brother.

Anonymous said...

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Torrance Stephens bka All-Mi-T said...

B more BAP - thanks hon and do come back

anon - is that spam

Black Women in Europe said...

Thanks for stopping by my blog RawDawg. Ang congrats on your investments.

The only good thing about a low dollar is that is should stimulate US exports, and since the US trade deficit is rediculously high thisis a good thing. That trade imbalance is not good for the global economy.

Keep coming by!

Villager said...

I agree that the next president whoever (s)he turns out to be will have a number of huge economic obstacles to overcome. Your post lays out a few of them.

Prez Bush has been unable to bring talent to his administration to effectively deal with problems. Hopefully, the next president will recognize that you need *talent* at the table ... regardless of political party, gender or race ... to deal with these problems.

Torrance Stephens bka All-Mi-T said...

black woman in europe - thanks and i will be checking u out and i agree, however we dont make nothing to export anymore

Villiager - i agree, but they wil ne more than talent, they will also need ingenuity and a population that is willing to save over spend

Tony Stringfield said...

Kick down like a Las Vegas slot machine$$$$$$$$$

The Master (De)bater said...

Keep sending out the "hood global finance reports" for those of us who didn't have economics teachers or who were stuck with some teachers who had a vested interest in leaving us blind to the power (and the weakness) of a dollar. I am learning on the fly...but I'm LEARNING!

Torrance Stephens bka All-Mi-T said...

Stringfield - tru dat LOL

Debator - anytime folk, learning on fly is beter than nothing

Tamra said...

Hi Torrance,

Great post.

Like Jaded, I'm getting to a point where I'm so annoyed that I have to comment--I normally don't post this type of stuff in my own blog and am fighting to keep it out for sanity's sake (and because this is just not what my blog is about), but sigh! Thanks for the venue to vent/discuss.

BTW, I've heard "predictions" that gold will go over $1K per Troy ounce. As I write this, it's at $906... Again, sigh!

I'm so frustrated nowadays because between politics and the media's unchecked penchant to spin and hype, nobody's being held accountable for anything--hence, the deeper and deeper we delve into this mess that is America (and that's not even getting into how we affect the rest of the world).

I'm really pissed about not having much of a choice on being taken along for the ride.

For one thing, I don't understand why Bush wasn't impeached a long time ago (well, with regard to politics, sure I understand). And on the other hand, the alternative replacement(s) wouldn't have been too appealing either.

I have no clue who I'm voting for (except to say that it will not be Huckabee or McCain under any circumstances--Clinton is headed towards that category too...)

Ah, to clean up this mess--that's a tall order for the next Pres. Gawd I'm so frustrated about all of this.

Torrance Stephens bka All-Mi-T said...

tamara - very well said, i cant add more, just do return

Brandon said...

Very nice blog. Great stuff. Keep it up!

Quantum FX Bot Review said...

i agree, like a greyhund race, or the great race (the old movie with Tony Curtis) exciting

Instant Passive Profits said...

Very nice article

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