Saturday, November 08, 2008

Pay check away from a pink slip

If you dint know, my store for dogs is about three minutes from the Martin Luther King Jr. birth home, and 3 blocks from his grave and the eternal flame that lights his heart and passion. The day after Obama won, I walked around there and just stared, just a few moments. It was like his crypt was talking to me. Nope I aint crazy, but it felt that way. I was reassured and went back to my shop.

I guess yawl know how much King means to me. He was one of many that informed me of the importance of intellect and thinking for yourself and not accepting what people tell you and/or following blindly. I went to the tomb to respect my elder. It made me feel good, and reinforced that I still was challenged to the task such elders engendered in me.

I have said that I did not Vote for Obama or any of them other same ole lame okie dokes. My logic which many of you said was foolish, and self righteous, was neither to me. As I pointed out I voted for not the man, nor the party, but the policy. And if I must accept blame for seeing no difference in word on paper between the two – then so be it. Likewise, If I decided to study in an applied manner what they say they will do in concert with the problem that needs to be addressed, with the economy for example, and it is my conclusion such is far fetched, I will say such.

I particular felt this way about several things. Both he and McCain said the basic: I will lower taxes, I will reduce the deficit, and I will grow the economy. I want jones to be a success, but I will not reduce my penchant to evaluate his suggestions just as rigorously as I did the recent candidates, or past presidents regardless of party affiliation, nor will I give him a past. Unlike many I don’t see jones as the first black president, I see him as a president, who happens to be black.

Now some may say I need to get a life, for over the past day I have mulled over his economic position papers as well as his speeches on the economy and his latest transcript from his first press conference as the President elect. But it is my life to make certain I am in a stable milieu in which my kids and I can prosper economically.

I still feel that my note selecting either he nor McCain was based on logic. Re-reading I feel vindicated. What Obama has said and has [proposed on paper is just as bad as what Paulson and Bernake suggested with the bailout which he and McCain supported. All he proposes, either the break for 85% of Americans or raising taxes on the rich wont work and is just a tweak on a system that will not have any long term effect on a problem that has been building via debt collaterilization since the 1980s. The system needs to be gutted, not tweaked for our economy is riddled with structural problems – namely that we have a closed economy in a global world. This means he wont be able to raise taxes on the rich or cut taxes for poor folks like me.

Couple this with the fact that the bailout has had the opposite impact that Paulson has desired, the deficit is at about another trillion dollars and we still do not know how the money is being spent with respect to the Troubled Asset Relief Program (TARP), Obama as we have – are sitting on a ticking time bomb. None of his solutions even include the aforementioned.

In two days since his historic victory, the Dow dropped as much as it did in September 1987 although 200 plus points were gained on Friday. For me it is a policy as opposed to an individual issue. He needs to address the volatility (which is a sign of investor confidence (so folk like me put loot back in the market), the housing crisis (which is getting worse) and stabilizing consumption (creating jobs, cause black folks are the only ones spending in a depression for we don’t know how to save anymore). As well as the structural concerns I have sited previously. For if he attempts to raise taxes on the rich – I just have two words - Sarbanes-Oxley, which means folks will move over seas to start new businesses than stay home in the states. Then he has not even addressed or considered revamping value-asset accounting principles nor obviating the Commodity Futures Modernization Act – which are two things that got us in this mess. Let alone accept the premise that folk like me don’t believe we should give banks money to buy other banks – especially when you talk about main street.

True he does mention job creation, but all I have read is the mantra of “new Green Jobs” without any relationship to reformulating the economic conundrum we are in and confronting currently. True, I am no economist, but I read and I try to use reason, but there is a lot more needed. It kills me when I read and hear folks say “freedom”, or “we aint got 40 acres and a mule but we got Obama”, or “Abolition” to describe his historic win, but go out and party and don’t feel as if they have a roll in this, and can see he is just one man, makes me feel that many think things have changed, without asking has America changed? I say no. It will be on us all for there is no such thing as magic. Something must be said with reason over feeling and emotion because although he won, most folks a pay check away from a pink slip.

58 comments:

Emeritus said...

Sounds like you think Obama supposed to do something about the above mentioned. I preferred it when you talked about the economy w/o saying who was supposed to fix it.

brran1 said...

I think it's great that Obama was elected.

However, we (as a country) need to focus on how to get out of this financial mess we're in. Instead of throwing out ideas or notions, this new administration needs to come up with a concrete plan considering all of the issues that got us here in the first place.

If that doesn't work, then we need to stop, clear out all the current goverment initiatives and acts and start from scratch.

BuelahMan said...

Great write-up, my friend.

You will have some slow learners who fight your well-thought out and logically driven essay (unless emeritus is joking).

Obama's platform was fluffy everywhere, with little real grit or truth. He did say many murky things about the economy, but as I continually bitch, he has NEVER addressed the REAL issue... the over-bloated military budget and how taking away from it and putting it back in to social programs will help this country more than any other action he could take.

Of course, he can't dictate these things to Congress, but if we are going to believe the insinuation that emeritus eluded to, why in the hell do we ever vote for a POTUS to begin with.

Of course the man can influence and DO shit. I mean wtf, did we elect him simply because he was black? Or because he was the best man for the job to DO the shit we want done?

The fact is (and yes it is a FACT) that Obama will cater to the military industrial complex, as much or more than McCain would have. If you deny this, then you have not paid two shits worth of attention to the man's own words.

Obama will indubitably continue the Zionist reign over our foreign policy, which is most definitely an extension of the previous 8 years of neocon rule.

It is funny when over half a country can fall for bullshit spread so thin. (Sorry, "sad" is the apt expression, not funny)

Obama made illusionary promises, using innuendo and smart "half-truths". He snookered many people, especially black people.

I understand the rationale and as you know about me, I WANTED a black president, but moreso, I want a president of ANY color who will address the real issues ruining this country.

Again, Bro, I give your readers about two years to get really pissed off. This will be after the fall of the Empire and all their liberties are gone. After the Police State REALLY cracks down on poor blacks in the city. After the financial crisis takes us back 40 years or more. After the New World Order is setup and we can do nothing about it.

The Elite have snookered many of us, but I am proud to say that they did not snooker you or me (and a few million more). But out of 350,000,000, a few million isn't enough.

Yes, Barack Obama could do things about the situation (much to the consternation of your lovely reader, Emeritus).

But he won't. And why? Because he never intended to. He is part of the Elite's "stable" of relief pitchers. He has been able to convince the majority of Americans he is different somehow... but I challenge anyone to show me the REAL difference (and please, color is NOT what I'm talking about).

Good Post!

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

Emeritus
I feel ya, but he is the president. I am glad i dont have to mention Bush name no more, seemed like while he was in office and wrote about the econmy, i wrote his name every day. I have to consistent. I give no democrat or republican a pass - never. But yep, i think the president is - he is no longer Obama, he is the president, i hope we can see that, hope we can emancipate our minds

brran1
I agree and thats all i am saying, the president needs to evaluate what he has said and promised, most folk dont know whats on, let alone what he said he was gone do and if they match. I hope foks dont think Im hating on him. Nope, I focusing on my loot and who ever would have won, would be the same.


BuelahMan
Thanks As was McCains. I hope folks didnt vote for him because he was black, i really want to belive they did so because they felt he could do the job. Now did folks know what the job entailed? Thats the question I asked. But he is our president and I am happy to suport him, but be damned, when it comes to feeding my kids, that i will be less evaluative and less critical

Diti said...

My opinion is Barack Obama is the President-ELECT, he's not God, he cant fix anything, what happened 2 days after his victory has nothing to do with him, George Bush is the PRESIDENT, and will be until January 19th, 2009. If you're going to Judge someone, maybe you should give them a chance to make a few actions before doing such.

I'm just saying...
be blessed <3

BuelahMan said...

Please do not misunderstand me. I DO and will support the new president. I am extremely happy that so many people went to vote and elect him. But, I see that he is elected under false pretenses and basic misdirection.

This is the time to hold his feet to the fire, to make sure he does the things he "insinuated" he will do.

But like I keep saying, he never really said anything of demonstrative depth or vigor. Illusions that now MUST be held up and forced by those who elected him.

To back away now is to invite even more of the ravaging.

It is dangerous to elect a man in this way, then do nothing to enforce the presumed ideals he ran on and was elected by.

The "win" is not the end, it is just the beginning.

Kellybelle said...

I hear you. But like Obama said, the election was just a few days ago. He's not Bagger Vance--just able to get elected and improve the economy's swing.
And of course,it is wise not to give anyone a pass based on skin color.
Because Economics is beyond me, I think I am heartened by his commitment to and roots in the middle class. I think one's approach to the economy goes a long way towards how they will fix it. If you're rich, you don't understand what it's like to be one paycheck away from ruin.

OT: I like the art for "Why I'm a Gangster" who is it?

Sista GP said...

Hubby and I debated for days on the nonsense tennis match on your vote decision. I'll give you one guess to who won. LOL.
It didn't matter how others interpreted your vote. Your vote was yours to do as you pleased. Our ancestors fought for that right.
It was hard for me to "celebrate" when I see the harshness of the economy surrounding me. The other day I saw my favorite sandwich shop gone. It is expected, since I had less frequently there to save on expenses. I had started to bring my lunch to work. This shop was next to a wholesale grocer that had been in business long before I left here to go to college. the grocer closed it's doors last Friday. They did not tell their employees until that day. NO TIME FOR PINK SLIP!

Diti said...

I get what you're saying, but he's not just sitting around. He's holding meetings, he's meeting with people. And that says a lot, he's not trying to act like he knows everything, he REALIZES the situation at hand, and really wants to end it. That's just my opinion though.

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

Diti
LOL thanks, hope u aint take it i felt he could fix it that quick or at all, or anyone else, i think he is capable enough to. Im just say the way he has suggested he will fix it, and what he told everybody over and over, wont fix it

BuelahMan
ell siad, and I know you willl. I just was saying that all off the major party folks fed us the fluf.


Kellybelle
Thanks and all i am saying is what he told us, as in how he will fix, and what he has said, and what he has written, will not solve the problem. I trying help jones, maybe one of his folks will read this and decide if what i suggest has any merit

Sista GP
Preach and u and the hubby have a great relationship. thats a victory too and should celebrated by many as the win by the president elect. But that takes personal responsibility - folk like to pass the buck and wave a magic wond

Diti
i feel ya. George Bush diod the same. as well as clinton.

Jersey Girl said...

I respect your right to vote for whichever candidate best speaks to the issues you find most important. I only take issue with the people who voted for someone based on ridiculous things, like abortion or gay marriage. Those things have very little impact on the lives of the majority of Americans, and honestly, I believe both are freedom of religion issues. I don't think there's a "wrong choice" as long as someone can answer the questions "for whom did you vote and why" with clear, detailed, well thought out, intelligent statements. You can. You cast an informed, intelligent vote and that's all anyone can ask for.

I voted for Obama. I voted for him for many reasons, including the fact that most independent think tanks said that his proposals were the most realistic. They didn't say he had all of the right answers, but that his were far more right than McCain's. I voted for him because I honestly believe that a McCain presidency is just an extension of the Bush presidency, and that clearly isn't working out so well for us. I voted for him because our position in the world is important, and the world perceived Obama to be the one to bridge the rift that was created during the past 8 years. I voted for him because his health care plans were more beneficial for more people than McCain's. And even though I consider myself a Christian, I believe there is no room in politics or policy for religion. You can NOT legislate faith and you shouldn't even try. With McCain/Palin pandering to the extreme right, I didn't feel comfortable that they wouldn't try to legislate faith at every turn. But to be honest, I vote for Obama because he really represented hope. We, as a nation, have been without hope for so long that many of us have given up. When you can't imagine that there is a light at the end of the tunnel, you stop trying to even look for it. When we can come together across racial, socio-economic, cultural and religious lines to collectively see the glimmer in the distance, we can all begin to work together to make it through. Obama has the ability to rally the troops, so to speak, and we ALL need to work together, and work HARD, to try to bring this nation back to what it once was, and what it can be. We need a leader who inspires. The details can be adjusted, but they won't matter at all if we don't have hope and we aren't inspired by our leadership. That, in my opinion, is just as important. We voted for hope. Now we just need to work hard to make it all a reality.

More to Black said...

They say if you don't vote you can't complain. You should have voted so you could at least do that much.

One note that most do not take into consideration is that quick fundamental change does not just happen over night. It is a very gradual process. Any President has to move the american people one way or the other.

The american people probably have similar values across the board. We do want to pay less in taxes. We do want to end the war. There are problems with inequality and so on, and Obama is a huge proponent of programs like head start.

So while a president may not represent all of your ideals if he represents some of them you should vote.

Keli said...

Why would any call you foolish for not voting for Obama...

I did vote for him, and it's something that I have stuggled with internally every day since...actually, I did not vote for Obama, I voted against McCain, and I think that's what makes this historical moment a bit bittersweet.

You are right, there are many flaws in his policy agenda, and I agree with you...he raises taxes on the rich, and to me $250k does not make a rich household...that's still middle class in my world. Raise the tax on that income bracket, and many small business owners will suffer...raise taxes on small business owners, and companies such as the ones that employ me now have a bigger financial burden...businesses that my friends own will have a bigger financial burden....businesses that my family owns will have a bigger financial burden.

I don't understand how one can lower taxes for you and me, yet ensure healthcare for all (which is impossible in itself) and create jobs by granting and allocating more gov't contracts (for construction)...there are many fallacies in his reasoning...

And I also believe that it's quite possible that Obama is the anti-christ, yet I still voted for him...so what does that say about me?

And in regards to your comment on my blog about the red states wanting to go back to pre 1960...I can't say that they do...you always have those ignorant individuals...but just think of how many black folks are just as ignorant...recall Jenna, we protesed, ranted, raved...and it turned out that they were truly just some niggers...

In Texas we have a black chief justice of the supreme court...who just happens to be a black republican...it's like black republicans are our dirty little secret...we don't like to talk about them.

Would we have been as excited if Colin Powell was our first black President.

Allen Keyes...we laughed at him...

So what makes Obama so different? Is it the fact that he's a black democrat not named Jesse?

I really hope that "we" don't have too many expectations of this black president-elect...he is in office to serve the country...not "our" community.

Tai Babyyyyy said...

I have been torn between this issue since Obama announced he was running for office. And it's entirely on the fact that I support him as a person, more than I've supported his policy. A lot of people in my community look at the fact that he is black more than realizing where his responsibility lies. It's moving because no one can deny how this will effect history and how much of a "moment" this is. It's something so many people thought they wouldn't live to see. But I do agree with so many of the people that have commented here. One, in saying that he can only do so much right now. He doesn't take office until January. However, when January comes what is everyone really expecting him to do? He hasn't made all of these extreme over the top promises; I think he realizes that would be unrealistic to turn the entire economy around in his term. But the problems in our economy are not only with tax cuts or the increase/decrease of them, it has a little to do with the fact that I think many of us can agree we never really see where these taxes go. Do any of us "common-folk" really know the amount of work it would take to turn that around? Also, he can't just focus on one community or one class. In his term the biggest struggle he's going to have to face is gaining the respect of the rest of the people in government and our country. People have to realize there are going to be those who will NEVER accept him as our president, and because of that it's going to be SO much harder for him to achieve what everyone wants. I just have to say that I do support him...fully. For many reasons. But I still have lots of questions...as should everyone....

Kamika said...

PHENOMENAL!

You have so eloquently stated about 85% of what I've been seeing and worrying about all throughout this election but unable to articulate without being angered and ranting. To surmise, too many people putting all their hopes into a man, being led by feelings and emotions, and not taking the time to rightly divide the facts from the whimsy.

I'm happy to be black and I love that I was fortunate enough to see a black man in the white house (presumably). Obama has already shown that "blackness" is secondary or even tertiary in his purview. The common man better catch the vision or risk mass disappointment when the change he enacts isn't the change they expected.

Thank you! I will be linking to this post in my next.

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

Jersey Girl
I agree with what u said with respect to all - i think gay rights is a liberty issue though - if folks really belive in such. And I agree with some reghards to the Obama and mccain comparision - his positions were all over the place and would not solve the problems. the prez elects, were consistent - albeit they did not deal with the pronblem also. I could care less for people decision to vote for who they desired - i just respect it. Its liberty.

More to Black
1] who is they
2] where did u read I did not vote?
3] I said i did not vote for mccain or Obama - RIF
4] Im not complaining but objectively saying what has been said wont deal with the fundamental issue of our current economic crisis.

I respect your opinion
You tell me how would you suggest we deal with the ecession - based on what the prex elect has campaigned on doing and written and told the general public?
Keli
I feel ya, and i respect that, but yes i was called foolish. Scary huh

yep the red states are scarey, even with the influx of new voters from northern states and regarding the furure only time will tell


Tai Babyyyyy
all i can say is bravo, and with thinking lioke that, it appears that you will be one of the leaders of the future - hats off to u

The Bear Maiden said...

I started my response to you and it got long, so I posted it on my own blog.

rainywalker said...

Raw Dawg,
Believe me I really understand where your coming from and explaining it in simple terms for some of us old-timers. There may not be simple answers to our problems, trial and error. Our new President is walking into a bucket of worms, the Founding Fathers made mistakes in the Constitution and this is not 1776. OUr country is not quite the Republic it started out to be, it has changed and so must we. General Electric once said, "The difficult we do immediately, the impossible takes a little longer."

freedom said...

I’ll start of by saying what will catch heat but so be it. I voted for Obama for many reasons, but, mainly because of color. Yes – I am overwhelmed that we have elected someone who is “Black Like Me” and I hate that so many people think that is such a downright despicable notion. Being a Black man of my age (56), I am sick and tired of watching Caucasians f*ck up the country and get away with over and over and over. I have longed to see someone in the forefront who looks like me. For me, the fact that he seems to have the country’s interest in mind is simply a plus. President Elect Obama is no different than any other president elect – he is unproven as yet. We don’t know what he will do at this moment. I can say for certain that it is a better choice than leaving our country in the hands of the Republicans again.

Republicans have never had “us” in mind (nor the elderly and poor) when it comes to anything good. When I say “never”, I mean in my lifetime. I realize that in years prior, it was the Republicans who had our interests in mind and the Democrats were the enemy. The Democrats may not be doing a whole lot to see to our welfare, but, right now, it’s a better choice than what the Republican had to offer.

I already know the evils of voting along color lines and am fully aware of the likes of people of color such as Kirkpatrick, Barry and so forth. It’s unfortunate. However, being Black does not automatically mean that you will do a poor job. As I see it, President Elect Obama can do no worse than his predecessors have done. I also know the evils of voting along party lines. However, it is what it is – Republicans (today) have nothing for us.

I have said over and over that we need to start at the local levels, building up viable candidates, watching their progress through the years. Then, when it comes to electing a president, we will have plenty of good choices from which we can choose, regardless of race, party or any other affiliation. I count it a victory that Obama won, rejoiced in the streets, and plan to support him in any way that I can.

More importantly, my children have never been more enthusiastic about a candidate in years. It is their future that is at stake, and I trust that they will look at the issues at hand and work to see that all that can be done to aid the cause will be done. They are both in their early twenties and perhaps in their lifetime, they will have more options as goes who they can elect. Peace.

freedom said...

SORRY - that's Kilpatrick. Peace.

Aunt Jackie said...

okay i'm a little confused

would you have preferred someone other than obama to win in order to enforce historic elections in our country?

did writing your own name on the ballot comfort you or give you a feeling of resolve during this economic crisis?

do you think that had mccain been president elect that the dow wouldn't have dropped? It's been swinging like a pendulum for a bit now?

i understand that you are one of critical thinking and analysis so i'm just curious as to where you're going with this.

Jersey Girl said...

I think it's a freedom of religion issue, both gay rights and abortion, because all arguments I ever hear against either of them are based on fundamentalist Christian ideals. If someone believes that having an abortion or gay marriage is against God, then they shouldn't do either of them. But to force other people to adhere to your religious convictions is unconstitutional, especially if their own religion contradicts the Christian belief, or if they don't practice any religion at all. You can't legislate faith, no matter how hard some people try. Getting people to follow the "rules" by default isn't the same thing as faith anyway.

an average patriot said...

Bush purposely dug us a hole our kids will not crawl out of. We were left with only one hope and that was Obama. Thank God he got in and now the world knows we have a chance.
Obama will be hamstrung by the many pitfalls Bush has proudly set for all of us. Obama will though take care of average Americans and our America not the rich and Bush's America. Now to keep hope alive (Obama)

hottnikz said...

As far as Sarbanes-Oxley goes, are you saying the tax breaks Obama plans on giving to businesses that keep their companies here on U.S. soil aren't going to be enough to make them want to be compliant? Or is it that you don't think he'll make good on the promise? Wasn't Sarbanes-Oxley was created because of the Enron Tyco,and Worldcom fiascoes?

clnmike said...

I agree Obama was soft expressing his economic plan but the focus of the election was on foriegn policy the economy was forced on the table within the last three months.

I dont see personally how he can support goverment programs with out jacking up taxes, unless he plans on putting and end to the war quick fast and shift that money else where.

But I never believed the cutting taxes hype, he will definitely raise taxes, and I am not scared of that.

YAZMAR said...

Hmmm, I don't know what to think of this post

SoCal Muchacha said...

Getting a visual of you at MLK's crypt, feeling reassured, somehow makes me feel pretty peaceful, too. :)

As for you "needing to get a life", please stick with what you're doing...keeps me on my toes and thinking. And since I'm still stuck in a state of disbelief that my beloved state of California has the hateful voters it does (as shown by passing the discriminatory and civil rights-stripping Prop 8), people I wish could see the effect their Yes on 8 vote is having on gay friends of mine, and people I don't even know, it does me good to come over here and get my mind thinking about some other things...at least for a bit.

SoCal Muchacha said...

This is off-topic, but just read something I couldn't let go by without getting clarified...sorry, Torrance.

Jersey girl said, "I only take issue with the people who voted for someone based on ridiculous things, like abortion or gay marriage."

Jersey Girl, are you REALLY saying that abortion and/or gay rights are ridiculous "things"?!?! I'm a straight gal who's never had an abortion, yet I hardly think either of those life-altering issues are "ridiculous"...most especially to those who have them touch their lives. Now if someone is voting for someone strictly based on their political stance on either issue, I might think that's perhaps not the most intelligent, well-rounded approach to choosing an elected official, but I'd still hardly call it ridiculous. Maybe I'm just reading your comment the wrong way.

Jersey Girl said...

I think it's ridiculous to choose a president based solely on whether he or she is pro-life or not. That is such a narrow issue in the grand scheme of things. The legality of abortion doesn't affect our nation the way that lack of access to health insurance, the current economic nightmare, the failing education system and the crumbling infrastructure do. There are those people who cast a vote based solely on those issues. I heard a man interviewed on NPR tonight, actually, who said that pro-life is a more important issue than all of those other things "stacked together." He said that the economy is secondary to the fact that we allow abortion in this nation. And I have met any number of people who refused to vote for a democrat because they don't take a strong enough stance against gay marriage. That's their primary reason for voting republican. How does the existance of gay marriage affect the nation as a whole more profoundly than the other things I mentioned? I absolutely consider it ridiculous to vote for elected officials bases solely on these issues. I think it's not only ridiculous, but irresponsible. That's how you choose a church, not a president. If the rest of the candidate's platform included more war, higher taxes, no health care etc., it would be irresponsible to vote for that person simply because he or she is pro-life. The president's job is to be the leader of all of us, not just the extreme religious right. Allowing or outlawing abortion and/or gay marriage will do nothing to keep us from being "a paycheck away from a pink slip." Those issues have nothing to do with the fall of the economy, the demise of our educational system, the collapse of our infrastructure, the more than 500k jobs we lost in the last 2 months, the pending food shortage etc. It seems insane to me to NOT consider all of these other things when casting a vote.

Viking Funeral said...

Thank you Tai Babyyyyy for this gem..."People have to realize there are going to be those who will NEVER accept him as our president, and because of that it's going to be SO much harder for him to achieve what everyone wants."

I have been saying the same thing since before the election but with a different view I'm sure.

President-elect Obama can do no wrong the way I see it. He has complete immunity simply because he is "the first black president"

I would hope as a man he would not use that as a copout should his term produce absolute failure but his supporters and ultimately the black community will.

NoRegrets said...

Economics is not my forte at all, but do you truly believe anyone would be able to completely revamp the US economic system, never mind the worldwide system? It's fine to call for more action, but how realistic is it?

Folk said...

excellent thesis on the your choice and the American pot luck stew called the economy.

fairlane said...

I have to fess up, I went against myself, and voted for the man.

Less than a week later, I'm regretting the decision.

I guess I could rationalize it by making the claim that Obama's election is a sign of "Change," (Not in an ideological way, but in a Sociological way) but I'm smarter than that, and I know he's nothing more than a Wolf in black man's clothing.

And now I hear Democrats talking about extending the "Olive Branch."

I don't know, maybe I was raised wrong, but there's a reason I consider Wingnuts my enemies, and I'm not about to forget that simply because it makes me feel all warm, and fuzzy inside.

Same as it ever was.

Same as it ever was.

Aphrodite said...

" The system needs to be gutted, not tweaked for our economy is riddled with structural problems – namely that we have a closed economy in a global world. This means he wont be able to raise taxes on the rich or cut taxes for poor folks like me.

Couple this with the fact that the bailout has had the opposite impact that Paulson has desired, the deficit is at about another trillion dollars and we still do not know how the money is being spent with respect to the Troubled Asset Relief Program (TARP), Obama as we have – are sitting on a ticking time bomb. None of his solutions even include the aforementioned.

In two days since his historic victory, the Dow dropped as much as it did in September 1987 although 200 plus points were gained on Friday. For me it is a policy as opposed to an individual issue. He needs to address the volatility (which is a sign of investor confidence (so folk like me put loot back in the market), the housing crisis (which is getting worse) and stabilizing consumption (creating jobs, cause black folks are the only ones spending in a depression for we don’t know how to save anymore). As well as the structural concerns I have sited previously. For if he attempts to raise taxes on the rich – I just have two words - Sarbanes-Oxley, which means folks will move over seas to start new businesses than stay home in the states. Then he has not even addressed or considered revamping value-asset accounting principles nor obviating the Commodity Futures Modernization Act – which are two things that got us in this mess."





Why don't you get the ball rolling?

Why not put this in an online petition and start circulating it?


You could encourage people to put pressure on the legislature to look into this NOW.

Letter to the president elect could start NOW.

MrsGrapevine said...

So who did you vote for, and as economic professor (you not me) I need you to really explain your logic behind why you think Obama tax code and economic policy will fail by your standards. I beg to differ, and would like to know who's economic policy in history do you support because I guarantee Obama has drawn from them. I find that he searches for the best and compiles them to make what he feels is both and informed and intellectual re-assessment of history.

Even if you didn't vote for him you have to be on happy slave. Right? He's this generation DEB Dubois and BT Washington, with a little bit of Thurgood Marshall, Fred Doug, and Martin Luther King. Although, he's lacking some Malcom publicly, but you don't go to Jeremiah Wright's church without having a little bit of Malcom, he saving it for later so he won't scare the others...LOL!

Petula said...

I may not agree, but I respect your point of view and your method of choosing.

I feel great hope with Obama as president. I hope that those who don't necessarily support him will at least join in the effort to change and unite us.

OG, The Original Glamazon said...

You are right he doesn't have all the answers bit the thing I admire about Obama is HE ALSO KNOWS he doesn't have all the answer. He is willing to put the greatest economic minds together to help him with the answers regardless of party affiliation. He has proven to be a man who will change hi position if the argument is a good one and the arguing can show him the logic in his flaws.

Here is where I recommend another great American past times we blacks do not often participate in, write your senators, congressmen, and president. Let him know your concerns.

I think Obama's study of Lincoln;s president will aid us greatly in the long run, for Lincoln put together this country at is MOST divided and lowest time.

Just thinking as usual. You know how I do it. *lol*

Enjoyed the post

-OG

2sweetnsaxy said...

I ain't mad at ya. :-) Do I think he's a miracle worker? No. Do I think he's the messiah? Heck no. He's human and he's a man and men make mistakes and fail (and by men and mean mankind). The most I have is hope and I will always cling to hope and a prayer because I don't think we can get anywhere without either.

And should the opportunity present itself, I'd be happy to take pictures of flowers on your farm.
:-) Thought I forgot didn't you?

Immoral Matriarch said...

Give him time.
But remember that he, nor any president has the ability to fix everything alone.
That lies on the goverment surrounding him and we as a nation of citizens.

Faith said...

Well I hear you. But it's a mess. It was a mess when Clinton was in office and we had all that prosperity. The gov't is at least $50B in the hole and they only mention the first $10B. But seriously what do you expect? I don't think the auto industry should be bailed out for running their shit into the ground with those big ass SUVs when they should've been making hybrids but you know they're gonna get gov't cheese. Everybody talks about homeownership and skips over rent being just as overpriced as mortgages. Businesses shouldn't have been getting tax breaks, going oversees and not hiring US citizens and still been allowed to be here. Reagan started that redistribution of wealth and dropped the income tax by 2/3rds. We need the dreaded socialism everybody's so scared of insofar as we need an even clean slate for everyone. I know McCain wasn't gonna do shit but give more money to conglomerates. I also know if Obama doesn't stick a bandaid on it he'll become more of a less Magic Negro everyday. Yes a overhaul is necessary, but are the American people willing to sacrifice? By the way I do think Obama has kept things as close to the vest as possible to at least attempt to fix things. I would love to be able to say I told you so.

ZACK said...

This is a GREAT POST my brotha!

I agree with you about this one. I voted for Obama with the same reasoning in mind. I know that the economy is gonna be messed up for a while, but I have hope that he will do the right thing.

I'm just worried that the bankers will purposely try to tweak the system to make us all look bad. I pray to God that they don't.

Linda said...

Black folks the only ones spending in depression? Believe me when I say that ain't true :P I think wel ALL forgot how to save money and live within our means..

.. and now, with the fear of getting stoned, I'll say:

Am I the only one who thinks Martin Luther King is a little over-appreciated? I would say Malcolm X is the 'real' hero, since he brought some actions to his words ;)

Greetings from the netherlands :)

Traycee said...

The damage to our economy can not be fixed overnight ....It can't even be fixed in one 4 year term.... I just pray that Obama can lead the economy and our country in the right direction so will can see a change in the future..

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

The Bear Maiden
i read the post, great job and left my response. again, im only saying what he proposed is short and not long term, and i will give him time, but will be critical of his proposals as i am others equally.

rainywalker
i just want him to acknowledge that other factors need to be considered, and if folks understood money, they would know it is more so on us to save, and that structural changes are needed over feel good topical words

freedom
point well taken and again, i have dogged the republics for all of this as well as the democrats who let this type of stuff pass. Vote for who you desire - not on me to critisize u - its called liberty.

Aunt Jackie
yep it gave me comfort and if you followed what i wrote, im saying its all topical, what he said was to collect votes and not to solve the problem, as well as what mccain said - and yep, gave me comfort to vote my conscious

Jersey Girl
freedom of religion is focused on Liberty as its central theme


average patriot
he is competent to solve the problems, i just hope as well compentent enough to realize what he proposed will not go to an inch of the depth the problem is economically.


hottnikz
nope, just raising taxes on the 250K plus companies, which includde folks who may have annual personal incomes of 250K plus, for all they will do is reduce the number of folks they hire to keep thay loot.


clnmike
thats what im afraid of


YAZMAR
whats wrong why not, i mean recant he is campaign as all of them to folks who dont study the probnlems they as politicians to fix



SoCal Muchacha
yep read some of the comments her. and thanks KING is the bomb


Viking Funeral
i dont think he will co-out at all. His character and intelect is exceptional, i am only writing about his economic approach here. He is our president, and as such deserves to have his proposals examined rigorsly as all presidents the way i see it.

NoRegrets
well action that go to long term solustions can be applied - still it will be on us to change our practices

Folk
thanks folk

fairlane
dont regret your vote, i dont regret mine, i just feel that folks so blined by the obamaifcation aspect they aint thinking about who he say he gone deal with the economy

Aphrodite
Belive it or not I have had some correspondece with member in his health care and economic teams. I have even mailed letters not just to him but McCain too while all thi8s was going on, even before the crisis because their approaches were ass backwards to me

MrsGrapevine
First i am not a professor of economics and have never studied it, with the exception of a class I had in the 10th grade I just read and think. I feel most folks dont and the same investigation i put toward Bush and clinton I will do for the prez elect and anyother politician.

I laid out the structural changes in this post. Not raising taxes on the rich, abrogating the comm futures modernization act, re-invorgrating the $ via manufacturing jobs, regular folks saving and not spending, and making structural changes to a closed economic system in a global market place.

As far as who do i follow, John Kenneth Galbraith - economically. that we must urge highly competitive markets but limit them from becoming monopolistic (as we see with what has happened on walll street.


and nope, the reason i did not vote for nome of them wqas because of my libertarian belifes of small government, dont protect me from myself - and dont save folks from themselves.

Petula
I have hope for him but i also have reason and the liberty to make decisions based on what i am told from all canidates. thats alll im doing. Just because I am critical of the policy dont mean i am critical of the man - but i see many desscuate the two

OG, The Original Glamazon
i agreee, and when we write them we need to be abreast of all the issues and not use sound bites from tvs, but read what they are saying and examin the problem - i wouldnt go to a doctor for cancer trweatment and not read on what he has suggested, or worse, he hasn't either.

2sweetnsaxy
again we are not talking about the man, but how he propose to solk the problem.


Immoral Matriarch
I am, but again, it is not the time, he has that, im being proactive and many folks, especially blacks dont even know the problem and listion like emancipated slaves


Faith
a serious overhaul. well put maam.

ZACK
I think folks want him to suceed like me but he must continue to be objective. Bankers too, cause we aint evenn seen the sup prime mortgage crisis start yet. Maybe 200 more bankls will fall from my estimation - but im no economist.

Linda
well king is never to me, being there the day he was murdered and how he motivated folks to engender change. Maybe if malcom was on the Lincoln memprial that day. But Malcom is my man too - dont sleep.

Traycee
nop 2 or 3 adminsitrations woll be required

Veronica Wright said...

it's scary..it's certainly scary!!!

I really hope though that Barack Obama can't just zap away all the problems this nation has. Thos I'm glad to see a black man in the highest seat in America, people have to realize that he's still just a man and he can only do what he can do.

profunksticated said...

I too am glad to see Barack Obama elected. I don't believe he's the anti-Christ, but perhaps a man who will allow God to guide his decision making.

I don't believe he will allow a police state to happen. It's going to be a tough road fixing the economy, but I have faith that at least Obama will have made some progress over a four-year term.

Mahndisa S. Rigmaiden said...

11 10 08

Hello there! Great post. I too am pleased that Obama is President, but did not vote for either him or McCain. I voted for Bob Barr because of the libertarian views on the economy. You are right, the DEMS and the GOP are both operating within a FAILED system. We need to restructure our entire banking system ala demolishing the FED. You are clever and an enjoyable read. Thanks.

Lina M said...

Hey folks,
I think the American people are so messed up about the state of our country so they were willing to have an open mind. We need CHANGE..I hope our country isn't niave enough to think that Obama has magic powers and can fix this mess overnight..
He said himself that it may not happen in a year or even one term. Anything is better than the Bush administration. But it's a beautiful thing that America came together for the greater good.
Sarbane-Oxley was unbelievable. There should be a mandatory class in high school that educates teens on investing and saving. But as Obama has said "Wall Street can not thrive if Main Street isn't thriving."
We need to teach our youth about the importance of saving for the long-term instead and not worrying about getting the newest Jordans. It's cool to look good but it's even better when you get something that's gonna benefit you in the long run.

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

Veronica Wright
it is but if he can take feedback and study up on what he has proposed and what needs to be done, he if anyone can do it

profunksticated
well we must wait and see buty the econ my needs fixing asap.

Mahndisa S. Rigmaiden
we are on the same page, folks cannot understand how we can be pleased for his victory but voted otherwise

Lina M
very well said, but S-O aint that hard to understand if folks would take the time to READ it

Kyla said...

You have very thought provoking and controversial opinions. So did you vote??? There were more than just those two on the ballots? And Obama is not the 2nd coming!!! I agree.

KELSO'S NUTS said...

JONES: I write the same kind of stuff to Democratic voters that I write to Republican voters.

To Republicans: If you think Islam is a threat to your existence, join up and fight.

To Democrats: If you're so ashamed of capitalism, come down here, join FARC and fight for communism. They'll be happy to sign you up!

While I don't think Obama is an evolved economic thinker, he at least clarified where he stood on the most basic ideology when accused of being a "Socialist."

I just don't understand why it's so hard for the Democratic electorate to understand that it's not "capitalism," or even "free-markets," they object to. It's American Corporatism (small "f" fascism) and imperialism they object to.

They would very much not enjoy a Socialist or Communist system.

Anonymiss said...

Most def. Great post.

SagaciousHillbilly said...

Perhaps they sound alike because they are talking about fixing the same thing?

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