Open Letter to Senator McCain

Dear Senator McCain:

 

Please select a running mate that will inspire Young America. 

 

My generation is looking for a new way, a new hope if you will.  We are looking toward the future.  Many of us think, that if we select a President that will appear to be historic we can drop the burden of the past.   However, another group of us (myself included) know that history for the sake of making history is a mistake.  We need a leader that will lead and be sturdy in tough times.

 

We want to join our brethren in the excitement of an “Historic Moment” but we know that false promises are always the most tempting.  We know that the false promise, twinkles the brightest.  It isn’t until you have been enticed by its shine do you realize that it burns to bright and then is no longer provides you light.  

 

My generation asks, “Can’t you find someone qualified and seasoned that can give us an alternate Historic moment?  Can’t you find someone that will serve our Country with the same vigor that will give us means to get excited about the new America to come?  Must we always fall into the same standard?  Isn’t there someone else that is qualified?”

 

We want to feel like we are making history.  Give us an alternate to Senator Obama that will swell our hearts with pride.

 

To  Victory in 2008,

JD

FW: THE IRISH - SUCH CLEAR THINKERS

I wish I could take credit for this but I cannot! It is one of those fwd, fwd, fwd emails that SPAM our electronic mail boxes. 

 

 But since I am IRISH, I will post it because it is to funny!

 

To Victory in 2008,

JD

 

 

 

THE IRISH - SUCH CLEAR THINKERS

Leave it to the Irish to cut through the crap and make the whole issue crystal clear...
Thoughts from across the pond.

An email from Ireland to the brethren in the States...a point to ponder despite your political affiliation:

'We, in Ireland , can't figure out why people are even bothering to hold an election in the United States .

 

On one side, you have a pants wearing lawyer, married to a lawyer who can't keep his pants on, who just lost a long and heated primary against a lawyer who goes to the wrong church who is married to yet another lawyer who doesn't even like the country her husband wants to run.

 

Now...On the other side, you have a nice old war hero whose name starts with the appropriate "Mc" terminology married to a good looking younger woman who owns a beer distributorship.

 

What in Lord's name are ye lads thinking over there in the colonies??

 

***********************************************************************

Could it be a depression?

They are now calling a DEPRESSION (1930era) if they try to protect the dollar.

 

If they raise rates to protect the dollar, the analysists are saying that that the Recession will deepen and drop us into a Depression. 

 

That Bennie is a student of the 1930s and is talking "tough" to appear to raise the dollar, but in reality he is actually going to drop rates, in order to keep us out of a full blown depression.

 

They are saying that the what is going on is a classic fall into a depression.

 

DO YOU THINK THAT IS TRUE? 

 

I will have to reflect on this concept and write more later.

CNBC HEARING COVERAGE

If you aren't listening to the hearings on CNBC regarding the Freddie Mac / Fannie Mae situation.

 

The potential of socialization of our mortgage industry.   The gov't buy-out of the situation is important to us all.

 

Unlimited coverage versus a finite amount of money.  What is best, it is an interesting discussion?

 

More comments to come.  If you have comments, feel free to respond.

It's a recession: 75% of Americans say

I am not sure why it is surprising to the those that report that the economy is edging out the Iraq war. 

Every time we fill up our tanks or forgo going out to eat, we are reminded of the economy. 

To Victory in 2008,

JD

___________________________________

(according to CNN, see article below)

It's a recession: 75% of Americans say

Vast majority of Americans believe economy is still in a recession with no signs of recovery, though negative views are dwindling, according to a recent CNN poll.

NEW YORK (CNNMoney.com) --

Most Americans still think the economy is in a recession, but the number who feel that way has declined, according to a CNN/Opinion Research Corporation poll released Monday.

In a telephone poll of over 1,000 adult Americans, 75% said they believe the nation is now in a recession. That figure fell from 79% in April. In March 74% believed the U.S was in a recession.

This decline is the first time the number - which had been steadily rising since October - has fallen. Then, the poll showed only 46% thought the economy was in a recession.

"From a consumers's perspective, the economy is bad, and the environment is going to be tough for a while," said Wachovia economist Mark Vitner. "That's pretty accurate."

The traditional definition of a recession is two consecutive quarters of negative GDP growth. Though growth was sluggish in the last quarter of 2007 and the first quarter of 2008, the U.S. economy has not yet shown retraction in the current slowdown. The advance GDP numbers for the second quarter of 2008 are due to be released on July 31.

"Whether the economy technically meets the definition of a recession matters more for economists and policy makers than it does for consumers," said Vitner. "Consumers' frame of mind is pretty simple: it's a bad economy."

It's evident that times are tough: More than 324,000 jobs have been lost so far in 2008, and the mortgage and credit crises have crushed consumer confidence. Also, rising food and energy costs are hurting Americans in the pocketbooks.

Of those who think the economy is in a recession, 27% said they believe we are in a serious recession, down from 29% who said so in March. Slightly more people -19% - believe the economy is in a mild recession than the 16% who said so in March.

Americans are less confident in the future of the economy than the were in March. The poll showed that 23% believe the downturn will last more than two years, up from 19% in March. Only 2% think it will end in six months.

Economists also think the economy is due for a long rebound. Though the economy in second and third quarters of 2008 are expected to grow due to a boost from the stimulus checks, experts expect consumer spending and the economy to decline in the fourth quarter.

In a section of the poll released last week, 93% of voters say the economy is "extremely" or "very" important to their vote for president this November, edging out the war in Iraq as the biggest issue on voters' minds.

The poll was conducted between June 26 and June 29. 

 

Stagnation

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Stagnation

A period of little or no growth in the economy. Economic growth of less than 2-3% is considered stagnation. Sometimes used to describe low trading volume or inactive trading in securities.

Investopedia Commentary  A good example of stagnation was the U.S. economy in the 1970s.

______________________________

 

Listening to the commentary on the financial channels, they are telling us that our country is in Stagnation.  Gas prices are rising, people's salaries are increasing a slower rate than in the past.  Stock market is not increasing. 

 

I am not sure how we are going get out of this mess, until gas prices start declining.  How can we spend if it costs all of our pennies to get to the store.

 

To Victory in 2008,

JD