First it was the Director of National Intelligence and then it was the head of the Office of Budget, Orzag and now it is Obama’s economics adviser, Romer….what is going on in Washington?
Are these rats leaving a sinking ship? Or is it just the usual turn over in any administration?
A case could be made that these people are trying to distance themselves from the Prez…..I mean look at the economy…..jobs suck……housing sucks…..credit sucks….all the stuff that makes the Middle class vibrant….and the Repubs will be milking the woes of our nation to their advantage…..and these people could be trying to put as much distance between them and the WH as to NOT tarnish their reps…..The Dems will be trying to distance themselves from any of the bad stuff and will try to accentuate the good….whatever that might be…..the oil spill or the rise of the auto makers or FinReg, which was NOTHING like what was intended……
All in all….the upcoming election will be a sprint away from the downside of their ideology and tagging out to the stuff that gives them the most positive bang for their buck.
The economy is NOT doing well and the economic advisers are trying to get as far away from the election as possible…..conservs, if they are smart, will hit the prez on the economy as much and as often as possible and stay the hell away from the social crap that will NOT get them elected. Maybe it the economy gets better then they can return to the social issues that have helped them in the past…but NOW is NOT the time!
Who is the next rat to leave?
Yeah… I caught the tail end of a UK TV item that analysed what’s going on with the American economy…
It seems that the corporates and banks are doing what you would expect them to do along with many consumers too – hanging on to their cash! When there is no confidence anywhere, that’s what automatically happens – it’s just plain logic and sensible – for them!
The big guys can (and do) of course just downsize, which doesn’t help jobs – but the REAL losers are “small town” Americans. No credit, no customers, no confidence and nowhere to go to reduce costs – when the only employee is you, what are you going to do to reduce labour costs? Likely only answer: quit eating! All in all, I don’t think the so called stimulus package is working very well, do you?
Obama’s going to struggle…
A pretty good assessment ……..and no I do not…like I keep saying all the stim bill did was protect liquidity did nothing to create demand and without demand there is NO economy…..with the exception of the gamblers using the derivatives…..
I apologize…I re-read my post and it is pretty damn boring…..in my defense it was early…..
I didn’t think it was boring – I thought it was good observation and pretty much spot on – though in the current situation I can’t say that I entirely blame these people for being sh*t scared to be associated with what’s going on.
Just my opinion you understand – as an outsider…
I appreciate it…to me it lack a little pizzaz…..I think the economic people are screaming out the door so they do not get the blame for the economy and any losses in November…….
And wouldn’t you do the same in their shoes?
Probably, but (there it is again) my grand father always said that I needed to pick my fights cautiously…..and sometimes I have not been all that cautious….