Comments on: My Take on the Election http://www.intelligentspeculator.net/investing_commentary/my-take-on-the-election/ Free stock picks and stock market commentary. Fri, 10 Sep 2010 03:22:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: finance guru http://www.intelligentspeculator.net/investing_commentary/my-take-on-the-election/comment-page-1/#comment-2882 finance guru Tue, 03 Mar 2009 02:14:25 +0000 http://www.intelligentspeculator.net/investing_commentary/my-take-on-the-election/#comment-2882 hey, is there a section just for latest news hey, is there a section just for latest news

]]> By: CyMoo http://www.intelligentspeculator.net/investing_commentary/my-take-on-the-election/comment-page-1/#comment-2206 CyMoo Wed, 08 Oct 2008 17:18:04 +0000 http://www.intelligentspeculator.net/investing_commentary/my-take-on-the-election/#comment-2206 I will have to agree with Andrew. Our president and the republicans have tried to address the problems but have lost there control of congress. My understanding is that during the present Bush administration bills have been presented that were rejected that would of address the Fannie and Freddie Mae issues. I personally believe this finanical crisis is the results of democratic socialist policy. I do believe that congress should of taken steps to resolve the conflicting issues that have lead to the demise of our financial system. The blame goes around but blame will not solve our problems yet it will identify them. I also at the same time believe that we can recover from these issues. We our a country of relentless resolve and great GNP. Our energy independence can be improved with multi energy incentives programs that can create jobs, production, and public revenue. If we are importing 70% of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war. We should be able to create a new renewable energy network, and break our addiction to foreign oil by spending more for developing new alternative souces of energy supplies for our expanding demand. We should be implementing billions of dollars in government and or private programs that could create jobs and revenue that could bring our country an economical energy balance. Economic inbalance is one of the real problems I see. We should be working together to resolve these issues instead of blaming the other party. Of course we our all entitled to our own opinions which has made this country as great as it is today and will make it much great in the future. I will have to agree with Andrew. Our president and the republicans have tried to address the problems but have lost there control of congress. My understanding is that during the present Bush administration bills have been presented that were rejected that would of address the Fannie and Freddie Mae issues. I personally believe this finanical crisis is the results of democratic socialist policy. I do believe that congress should of taken steps to resolve the conflicting issues that have lead to the demise of our financial system. The blame goes around but blame will not solve our problems yet it will identify them. I also at the same time believe that we can recover from these issues. We our a country of relentless resolve and great GNP. Our energy independence can be improved with multi energy incentives programs that can create jobs, production, and public revenue. If we are importing 70% of our oil at a cost of $700 billion a year – four times the annual cost of the Iraq war. We should be able to create a new renewable energy network, and break our addiction to foreign oil by spending more for developing new alternative souces of energy supplies for our expanding demand. We should be implementing billions of dollars in government and or private programs that could create jobs and revenue that could bring our country an economical energy balance. Economic inbalance is one of the real problems I see. We should be working together to resolve these issues instead of blaming the other party. Of course we our all entitled to our own opinions which has made this country as great as it is today and will make it much great in the future.

]]> By: Andrew http://www.intelligentspeculator.net/investing_commentary/my-take-on-the-election/comment-page-1/#comment-2203 Andrew Wed, 08 Oct 2008 15:31:13 +0000 http://www.intelligentspeculator.net/investing_commentary/my-take-on-the-election/#comment-2203 I'd like to preface this by saying that I don't particularly like McCain or Obama, Republicans or Democrats. I do agree that special interests run this country, but it's special interests going both ways, and the Democrats really aren't any better than the Republicans on this one. And I'm still a believer in the power of the free markets. To say that this crisis was caused by Bush's failed economic policies is misguided. I find the "there isn't enough regulation" argument difficult to swallow, because as I read, there are 12,000 people currently being payed to regulate the markets. Who knows if that number is correct, but what's the proper amount of regulation nonetheless? The two best theories I've heard with regard to this crisis are the Fed's policy and a bill passed by the Democrats over 10 years ago. The Fed (read Greenspan) kept money amazingly cheap for his last years at the top. That money made it not only possible for many new people to buy homes that they could only afford with cheap money, but it made homes seemingly the best investment option for these people. In addition, there was a bill that passed in 1995 by the Democrats that practically forced lenders to issue subprime loans, so that poorer people could buy homes, when they really couldn't afford them. Now, this isn't to say that our system didn't get carried away, as everyone chased the quick buck, but for the most part, it really wasn't Bush's policies that did us in on this one. To me, a combination of terrible fiscal policy and the Democrats effectively requiring unsound business practices are far more plausible than "not enough regulation". Anyway, it's your right to not like McCain or Bush (because I definitely dislike both of them) and it's your right to think the Republican's economic policies are bad for the country. I guess it just bothers me when people just issue canvas statements, saying the Republicans are in the White House, and I don't like Republicans; therefore, it must be their fault that everything has gone to sh*t. Please don't take this comment as an insult, as it's not meant to be. Everyone is entitled to their opinions. And I read your blog, so obviously I have an interest in what you write. I'd also like to thank you for the work you've put into the blog. And that it's unfortunate that you no longer have the time to write for it. I’d like to preface this by saying that I don’t particularly like McCain or Obama, Republicans or Democrats. I do agree that special interests run this country, but it’s special interests going both ways, and the Democrats really aren’t any better than the Republicans on this one. And I’m still a believer in the power of the free markets.

To say that this crisis was caused by Bush’s failed economic policies is misguided. I find the “there isn’t enough regulation” argument difficult to swallow, because as I read, there are 12,000 people currently being payed to regulate the markets. Who knows if that number is correct, but what’s the proper amount of regulation nonetheless? The two best theories I’ve heard with regard to this crisis are the Fed’s policy and a bill passed by the Democrats over 10 years ago. The Fed (read Greenspan) kept money amazingly cheap for his last years at the top. That money made it not only possible for many new people to buy homes that they could only afford with cheap money, but it made homes seemingly the best investment option for these people. In addition, there was a bill that passed in 1995 by the Democrats that practically forced lenders to issue subprime loans, so that poorer people could buy homes, when they really couldn’t afford them.

Now, this isn’t to say that our system didn’t get carried away, as everyone chased the quick buck, but for the most part, it really wasn’t Bush’s policies that did us in on this one. To me, a combination of terrible fiscal policy and the Democrats effectively requiring unsound business practices are far more plausible than “not enough regulation”.

Anyway, it’s your right to not like McCain or Bush (because I definitely dislike both of them) and it’s your right to think the Republican’s economic policies are bad for the country. I guess it just bothers me when people just issue canvas statements, saying the Republicans are in the White House, and I don’t like Republicans; therefore, it must be their fault that everything has gone to sh*t.

Please don’t take this comment as an insult, as it’s not meant to be. Everyone is entitled to their opinions. And I read your blog, so obviously I have an interest in what you write.

I’d also like to thank you for the work you’ve put into the blog. And that it’s unfortunate that you no longer have the time to write for it.

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