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Improvement yes, but long term?By Robert Melaccio, sr(25,995)   Posted Friday, February 15, 2008 View All Blog Posts submitted by Robert Melaccio, sr The head of the Federal reserve, Mr. Bernanke stated yesterday to the press, "At present, my baseline outlook involves a period of sluggish growth, followed by a somewhat stronger pace of growth starting later this year as the effects of monetary and fiscal stimulus begin to be felt".
As reported in the AP press today, Mr. Bernanke stated - Given all the dangers facing the economy, he said, the Fed "will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks." Alan Greenspan also stated, "Until we stabilize the price level of homes ... you're going to continuously get loss estimates" from banks and other financial institutions. To a question his answer was -"The country still has "a long way to go," Greenspan responded. As I alluded to in prior articles this is right on target. Certainly with an election coming about at that time of the year more bad news would not be good for those running for office. However, an improvement, no matter how small, would be appropriate to nudge those already believing in change to occur to accept it even further and nothing like a little good propaganda and indoctrination shot to spur the masses, right? However, the long range picture no one seems to want to talk to. They talk about it is too early to project or forecast and with uncertainty and to some degree in my opinion they are right. However, the key to it all in my opinion is the long term prospects as it applies to average and middle Americans will not change that drastically regardless of who is in office. You see the dye has been cast. It is as I have been writing to and in my opinion a matter of good paying, stay here jobs and it will not change. Without putting average and Middle America back to work you have cut off your cash flow so to speak, your funding. It is just like when you apply for that equity line on your home. What you thought was there just isn’t and it is worth much less. Consequently the impacts are far reaching. You see, as much as they hate to say it, they need middle and average Americans to bring about their Global Free Market vision. That is the fly in the ointment, the consumer to fund the mission. Yes, like the winner at the crap table, just one more role of the dice. Well just like that person they kept rolling and they have gotten their results. Yes, pride does come before the fall. In this case and in my opinion greed. Now you won’t read or hear much about any of this in the Business Pages, or on your local TV news broadcasts and by their so called experts. Why, well think about it, they also have the most to lose. They are by nature of economics of the same flock. Now I have provided my thoughts as to what is needed. No, I'm certainly not an expert but using simple logic and in my own opinion I do not see these good jobs they are talking about materializing. Even if they do come about they are years away and what we need is for now. So therein lies the dilemma.
I have addressed the formation of the CCC previously and low and behold it was seen in the paper just the other day. I suspect great minds think alike, but it doesn’t matter because it is what is neededand it is a ready solution for some aspects. So yes, look for improvement but do not be deceived. It is the long term situation that is the real issue here. Hope is that they now recognize this and they will do whatever it takes, even lowering the mortgage lending rates and reducing requirements more, why, because they have to no alternative. What part of their anantomy do you think they wish to save? A year or more ago I also wrote to the only weapons average Americans have. They are their vote and their dollar. Do not spend and you create what we have today, you literally force action. Now they took away spending when they took away our livelihoods. Yes, by taking away good, decent, stay here jobs average American families no longer have the ability to buy, save, get. So they only thing you have left is your vote and guess what? You got it, in my opinion those who do vote will give it to the same crowd who brought it all upon you to begin with and get this, cheer about it.
So for us average Americans to stay home and not vote means no real change. However, vote and create real change, impacting change. Yes, stay home and gripe and do nothing and you will by proxy get what you asked for and approved. You will have reaped what you have sown. In my opinion how very, very sad.
So what is the alternative. Well it may not be the best but it is the only one we the majority have. That is vote them all out, yes, out. Give them in office the boot and start fresh. You can do no worse then what you have no and you may even do better? We already know who the minority is voting for so the only real change is to change Congress. Oh, yes minority does not imply race, although many will jump immediately at that. No, it means the number of people who actually do vote which is about 40% of the total. So, how do we, the majority, do this?
We do this by voting out as many if not all the incumbants as we can. Simple and pure. Do not even try, then don't complain. Now how does everyone get on the same page to do this. Well the same way these organized pollitical parties do it. The same way they did it for years, pass the word, from mouth to mouth, one to another, to family, to friends, via e-mail or any otehr means you have available to you. As the saying goes, think about it. If we make but a small wave we will have made a statement and shaken the tree, shifted the balance. Then in my opinion we will really see who is for who and what.
Robert T. Melaccio Sr. 2008 Copyright ©2008 Robert Melaccio This Blog Post has been read 151 times. Posted to ProBlogs.com on Friday, February 15, 2008 View other posts by Robert Melaccio, sr Comments on this blog post: No comments yet. Leave a Public Comment or Question: Is it a case of Hispanic discrimination? Does it really matter? Men and woman of honor. Is becoming a Third World Nation the change you expect and want? One and one is two, so why three now? Our Candidates on Free Trade and its impact. America of yesterday verses today and ‘the common good’. |
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