About Politics

7thchild asked:


If you listen to the pundits and believe the polls, it is increasingly clear Barack Obama will be the next President of the United States. With this in mind I have looked into all of his campaign promises and plans for his first term in office. Throughout his campaign he has made it perfectly clear that he intends to be a two term President. With the current state of our economy I have only looked at what could be the results a first term Obama Administration.

It is unclear if President Bush and his Administration can stop the downward spiral our economy and the market is experiencing. The results of the actions he has taken to calm the markets and free up credit will not be known until after the election. For the sake of argument I have looked into the future with an optimistic view. I have given our economy and markets the benefit of doubt and see President Obama inheriting an economy/market on the rise and the job market showing a modest increase.

After his inauguration and keeping to his campaign promises, President Obama will announce our immediate withdrawal from Iraq starting in February 2009 and ending in August 2010.

He will submit to Congress his tax plan to repeal the Bush tax cuts, institute a windfall profits tax on oil companies, raise corporate tax rates and mandate that all small business with ten or more employees and a gross income level above $250,000, provide health care for their employees.

The immediate results of President Obama’s action will be Russia signing a mutual defense agreement with Venezuela allowing Russian missiles to be placed in Venezuela and declaring any attack on Venezuela will be considered an attack on Russia. President Obama will declare this unacceptable,call for a meeting with the Russian President and call for sanctions against Russia if they place missiles on Venezuelan soil.

Iran will call for immediate talks with high level Administration officials to plan for talks between Obama and Ahmadinejad. Obama will agree and send his Secretary of State to Iran to work out the details of their meeting. After the Secretary of State returns, Obama will announce a Camp David Summit will be held and Ahmadinejad’ agreement to negotiate his country’s plans for nuclear plants in Iran.

Obama will emerge from Camp David and announce Ahmadinejad has agreed to allow limited inspections of their nuclear power plants and they have no intentions of using nuclear weapons against Israel. Iran will also promise to help America in our effort to reduce the increased attacks on our troops in Afghanistan. Of course the inspections will continue to be stalled by Iranian bureaucrats until the dirty little secret comes out that Iran has finally obtained a nuclear weapon from North Korea that is capable of striking Israel. We will also learn that Iran has been secretly arming the Taliban and Al Qaeda in Pakistan. Obama will announce a summit meeting with our European Allies to deal with both the Russian and Iranian threats.

The corporate tax increase will cause large corporations to immediately announce a corporate wide job freeze and an immediate restructuring of all domestic operations. Foreign corporations like Toyota and Honda will reconsider building products in the United States. Most small businesses will not be exempt from the new taxes and insurance mandates because the law will be defined as “Companies with a Gross Income Level below $250,00 are exempt.” As small business owners learn they cannot deduct normal business expenditures from their gross income to qualify as a small business they begin to close their companies and file for bankruptcy.

With the increased cost of foreign oil, a double digit unemployment rate, and increased tensions around the world, markets and economies will crash by the summer of 2010. Chaos will return to the Middle East, Russia will move on Georgia and Ukraine, we will retreat from Iraq and Afghanistan and the world will be on the brink of WWIII.

Most people especially Obama supporters will shrug this off as fear mongering or the predictions of a madman. I would ask you to take a close look at the man and explain how, with the world economy and the threats we face from abroad, can Obama keep the promises he has made. To this date he still refuses to admit he will not be able to keep all of these promises. To Obama it is inconceivable to believe Putin or Ahmadinejad would think Obama would be another weak Jimmy Carter. He doesn’t understand that to people like this the word negotiate is the same as surrender.



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Mandy Malone asked:


Barack Obama began his term in the Senate in 2005 for the state of Illinois. On February 10, 2007, he officially announced his candidacy for president of the United States. His historic campaign and subsequent election led to a fever in this country; a fever known as Obama mania. Much has led to the mania, but Obama himself has led to most of it. Obama is a man of great charisma and influential articulation; this combined with the country’s eagerness for change has led to this Obama mania in the United States and abroad.

People seem to come out of the woodwork when it comes to expressing their belief that Obama is the man who shall clean up our great nation. Oprah certainly added to the furor when she publicly endorsed Barack Obama. She said she felt he is “the One,” as if he were a messiah. Savior or not, we have yet to see, but the hope sparked in that comment echoes the hopes expressed all over the country.

Obama is not your normal political candidate. A self-described “mutt,” many Americans feel they can relate to him. This is just one aspect of his unending charm and wit. I know I am not alone in this opinion, as millions publicly flaunt these same feelings. Just look at the Obama Girl! Obama did not just campaign with town hall meetings and university speeches; this man was speaking to sold-out stadiums of 50,000 or more. This is a virtually unheard of status among politicians.

Even other countries are catching this Obama mania fever. Foreign nationals the world over were watching on election night as America declared Obama its president. Kenya, where Obama’s father hails from, declared November 5th a national holiday. Couples around the globe named their newborns after the President-elect. Obama mania is sure to stick around!

In a campaign full of historic significance, Obama stood out. Running in the primaries against the most formidable of female candidates, Barack showed he can take on the goliaths of Washington. Then, in the actual election, with opposition from yet another historic opponent, he showed that America can rise above its past. On Election Day, 2008, the United States made history and the Obama mania flames were fueled once again.



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I love Obama asked:


I agree with Giuliani Obama has lied about every single thing and he has lied to everyone and even to himself.
I know many Obama suppporters wish they had got his FISA and Public funding positions in writing before he flip flopped on them. You can not trust Obama.
No Obama is a liar and can not be trusted. He has been a liar from an early age and if you research him you will see this. He lies to everyone even himself.

Gregory

Dodjit Author asked:


Will Obama Provide the Goods?

Sunday, January 18, 2009

By dodjit

After an anxious wait of two months, President Elect Obama will take the oath of office on Tuesday, to uphold the constitution, becoming the 44th president of the United States of America. Entering the position will surely not be an easy task, as U.S citizens are now looking more than ever, for an avant-garde, someone to lead their economy back to prosperity. Even though the U.S senate voted to allow the release of $350 billion last week, aimed at aiding the financial market, investors are still acting cautious about this one-off plan, knowing that recent economic instability will most probably require additional fiscal and monetary actions by the new president. Over the weekend two additional banks were closed by regulators, as the financial-tsunami-of-destruction took further victims, increasing the number of bankrupt banks to 27, since the start of the current slowdown. In addition, similar to the U.S, economic data across the globe didn’t show much of a different picture. Inflation in the U.S increased by the lowest figure in 54 years, while European officials gave into economic pressure, reducing their central rate to only 2%. While the ECB is still presenting a relatively high yield compared to other economies, expectations of further rate cuts are driving down consumer confidence, as investors realize that European economies could be in for a long and hard recovery.

Continuing over to Asia, Japan’s economy has moved from bad to worse as a high valued Yen and deteriorating exports caused by a global slowdown, have forced the BOJ to reduce its central rate to merely 0.1%. Economic growth has gone down the drain, and similar to other economies Japan is now battling ongoing problems. Taking a glance at the chart below, one can see that high unemployment, decreasing inflation and slow economic growth is now characterized throughout most of the major economies.



Even though we witnessed a minor rally on the major indices and certain currency pairs throughout the beginning of January, bulls have failed to keep the rally going sending prices back into consolidation areas. From an investing point of view, eyes will now be focusing on the new president’s actions. Will Obama provide the goods allowing investment routes to return to their normal state?

When taking a look at the chart below one can see that U.S bond purchasing (safe assets) have begun to decline. Friday’s chart formation of a lower-high on the 20 year bond fund was also characterized by a large decrease in market volatility.



*courtesy of stockcharts.com

What does this mean for stock and currency traders?

The U.S indices are now located at critical levels, trading around prior support. Even though investor’s appetite for riskier assets is beginning to increase (Friday’s intraday action showed a sharp reversal accompanied by increasing volume), caution should still be taken on various trades. When analyzing the S&P500 chart more thoroughly one can see that while a market bottom seems to be forming, current levels will only hold if investors believe in Obama’s promises/policies, something that will only be tested after he is sworn in.

On the currency market Carry Trades are now presenting interesting setups, correlated with the U.S stock market. Chart analysis shows that certain pairs have now formed a higher-low while others have bounced off of daily support, pushed higher by traders that are slowly seeking riskier opportunities. While on both markets it is advisable to wait for confirmation on the charts, to avoid whipsaws, both investors (stock and Forex) should observe price action this week as a new president could surprise the economy for the better or for the worse.

S&P500 –Daily Chart



*courtesy of stockcharts.com

USD/JPY – Daily Chart



*courtesy of netdania.com

AUD/JPY- Daily Chart



*courtesy of netdania.com

EUR/JPY- Daily Chart



*courtesy of netdania.com

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Rodney