With Obama winning the election it’s all the rage to talk about how great things will be now. Specifically, there seems to be a lot of talk about how the economy will improve because Bush won’t be in office anymore. Our current economic predicament was all his fault, didn’t you hear?
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The United States government has been giving away cash faster than they can print it these days. They just extended the bailout of AIG to $150 billion. Now President-elect Obama, Speaker of the House Nancy Pelosi, and Senate Majority Leader Harry Reid want to send money to Detroit to bailout the “Big Three.” GM, Ford, and Chrysler are all burning lots of cash these days, and after the $700 billion bailout to the banks and Wall Street they decided to hold their collective hands out and see what happens. To be honest, I don’t blame them one bit. However, I think that it is ridiculous that the American taxpayer continues to foot the bill for these terrible businesses that can’t seem to take care of themselves.
We here at GeekPolitics didn’t vote for Obama, that should come as no surprise. But we’re realists and it’s time to get down to brass tacks. We have a new president and the Motley Fool is here to help us get our financial house in the best shape it can be to deal with the change that is coming.
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I’ve been spending some time recently looking at the polls and the electoral college. I am interested in seeing what each candidate has to do to reach the needed 270 electoral votes. Looking at the map I see an awful lot of blue and gray. Its really easy for Obama. His path to victory mostly includes not doing anything really stupid in the next week. He doesn’t even have to win any of the toss-up states. All he has to do is win the states that are leaning towards him. Of course this is assuming that the polls are accurate. On the other hand we have McCain. His path to victory is much more difficult, again, assuming you trust the current polls. First, he has to win all the toss-up states. As it currently stands, that would give him 227 to Obama’s 311. Still not even close. So what does McCain have to do to make the election telecast matter past 7pm on election night?
Where are George Washington and Abraham Lincoln when we are in need of a good leader? Does anyone really believe that Barack Obama or John McCain can compare? Our leaders are supposed to inspire confidence in us. Leaders are put in place to calm our fears. They are supposed to stop people from panicking. Do we have any leaders today that will take a place next to Lincoln in history? From Nancy Pelosi to Harry Reid, George W. Bush or John McCain, Henry Paulson and Barack Obama, will any those names go down in history as “Leaders?” I think it is more likely that will be remembered as people who had power. They are people that were elected to lead, but for the most part they are not leaders.
What effect would each candidate have on the economy? Or would they have any effect? Several items need to be taken into account to make an accurate judgment. What are their beliefs regarding things like taxes and the size of government? There are also other factors that play into the potential effects. The majority in Congress is currently democratic and that trend looks to continue at least for this election cycle. This means that a potential future President Obama would be more powerful than a President McCain. Given the majority, it would be easier for Obama to enact his policies and ideas than it would be for McCain. What does a vote for each candidate mean? Which direction will your vote take this country? Read more…
