Posted by paul on November 19, 2008 at 20:44:00 from (66.44.132.73):
In Reply to: Mr. now and Mr.Later posted by Jim H SW-PA on November 19, 2008 at 13:21:53:
President is the leader of the country to others - basically a figurehead. Sure has some power, but not really all that much - can veto or prod congress, can pick new judicial folks. Can be a leader & rally the country around; but can't really 'do' much.
Congress sets the policy of this country - or lack of them. Most things that went wrong or went right over the years that is up to the govt is actually based on congress. Too much us vs them games for them to be accountable to do anything of any worth any more.
That leaves natural markets to set oil - and other - markets.
We over extended ourselves the past couple of decades. We barrowed more, we over valued 'things' like houses & used that pretend money (2nd loans to buy more stuff inflating the prices of 'stuff' more than it's actual value. We were using artificial money, this overvalued pretend money.
We drove up theprice of everything, and bought more than we could with this over inflated money.
Finally caught up with us, people smart enough to know realize we need to catch up to reality again - might even swing past it to the other extreme.
So, 'things' and 'stuff' need to come back down to reality.
Govt games won't really help a lot. Govt wants to encourage us to spend & barrow more to prime the ecconomy.....
Think about that. we spent too much, borrowed too much, and the answer to solve the problems is - borrow more, spend more?
Nope - we are going to have to go through some hurt to get back to a 'realistic' ecconomy again.
The president - this one, next one, doesn't matter. They can have some small influence and help lead us through easier. But, affect anything in a month or 6???????
Ha.
Congress is going to run around like a chicken with it's head cut off, party A trying to take credit - prove blame and set things up for such - rather than actually _do_ something constructive to _help_.
This is all market forces, and it will be up to us to get through it more or less on our own. 'The Man' - whichever one - will have little to nothing to do with it.
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