Balancing Act

I certainly don’t consider myself to be an expert on matters of budget, finance, or the world economic picture … still, at a man that has managed to save to the degree that I only pay cash for his automobiles, house, and frankly, everything else he owns; I think I have earned the right to make a few observations.

To date I am rather happy with the new presidents performance. While it is not flawless, he brings about a certain humanity that few can dispute is a breath of fresh air. He makes mistakes, apologizes, then sets about correcting them. He make no excuses, he simply keeps his shoulder to the grindstone, which is more than I think a lot of us actually expected. I commend his recent decision to cancel the presidential helicopter program but I am somewhat baffled at his recent comment that all of us would see fewer deductions out of our paychecks while shooting for cutting the deficit by 50% within the confines of his first term in office.

Don’t get me wrong; I like the idea, I just don’t quite see how it’s going to work. To conquer such a financial burden it suggests, at minimum, keeping the tax program much like it is, but perhaps pulling back some of the overly generous gifts the last administration gave to the “haves”; then applying the maximum toward paying down the debt. Granted, stimulating growth and recovery will do a lot, but keeping the percentages the same would suggest the pay down would also happen quicker.

Seeing that the stimulus package is actually a series of loans makes sense, after all, how can you give something and receive nothing in return, especially when it’s money? Printing more will only cheapen the value of the existing dollar and the Nazi’s learned towards the end of their war, where people required a bushel basket of cash for a simple loaf of bread. It isn’t the volume of cash but the value of cash that is important.

And nationalizing banks? Hmmmm … I certainly hope that doesn’t come true, but revamping the Federal Reserve System is certainly long over due and putting the regulation in place that separated banks, investments, real estate & insurance industries is just common sense. The claim of deregulation just didn’t pan out and until a time comes when stealing a persons savings and pension earns a death penalty, I doubt that no regulation will ever guarantee no hanky panky.

I don’t expect to make any fast decisions, but for now I remain optimistic and hopeful. Frankly, even if it all blows up, I feel something that I haven’t felt for a chief of state in a very long time. Trust … and that, my friends is exactly what we will need to turn this whole mess around.
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Comments (4)

thumbs up I agree -- I honestly believe that President Obama is honestly trying his best to bring order to this mess. I will also remain optimistic and hopeful and trust that he does have what it takes to lead this nation back to greatness.
Two thumbs up thumbs up for President Obama and you for your blog. Between God and President Obama, i also remain hopeful and helpful.

God Bless and peace to everyone.
I too also remain optimistic and hopeful for the very same reasons. He does have a very big mess to deal with and clean-up.
He is up against business as usual and the mighty greedy. It's going to take awhile and I agree he is making a very good effort.

"I feel something that I haven’t felt for a chief of state in a very long time. Trust"

I see something that I have not seen or felt for any politician for a very long time. When Obama speaks I see SINCERITY which is the precursor to TRUST.
I now can feel, at long last, hope for my country.
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created Feb 2009
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