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Originally Posted by 40yearfan
Good post Donald, but I don't have as much faith in Obama as you do. We have 5 months left to get to know the guy and maybe he'll prove me wrong. I just can't help but feel that he's a carbon copy of John Kerry or Al Gore and it will be politics as usual if he gets in. Maybe I'm just too jaded from having been in the political arena for so long and seen how politicians feel about the voting public.
I would like to see this animosity between the parties end. Have everyone get back to being Americans first, show respect towards each other regardless of our beliefs and work together to make this country great again. Just a pipe dream, but a dream none the less.
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Couldn't agree more 40... Interesting question to ponder... America remains completely beholden to the oil-lords in the Mid-East. America, like Brazil, saw the huge problems stemming from being too reliant upon mid-east oil dating back to the 70's and early 80's. However, unlike Brazil, America became paralyzed politically, and was never able to lessen our ties to mid-east oil...
Now, we ramp up Ethanol production via the use of Corn. And our food prices skyrocket... Unlike Brazil who had the foresight and political capability to aggressively move to Sugar Cane based Ethanol - a form of Ethanol that is significantly more powerful than corn-based ethanol, and is cleaner to make!
Why? Why can a 3rd world country "get there" and the most powerful country in the world can't..
IMO - it's nothing more than a matter of partisan politics... plain and simple... Partisan politics has destroyed this country, and has now set us on a course that is virtually impossible to reverse... Former U.S Comptroller David Walker appeared on CNBC this week. He was awesome in his clarity and comphrensiveness. Yet, he painted a very bleak picture....He also appeared at UT Dallas and here's a snipit of what he said:
Former U.S. Comptroller Says U.S. Needs Wake-up Call
May 1, 2008 (SmartPros) — Former U.S. Comptroller David Walker delivered a somber economic message last week at UT Dallas, but told the audience of business leaders that there was still time for the nation to take its bitter fiscal medicine and keep a growing budget deficit from dimming its future. Warning that "we are standing on a burning platform," Walker said the U.S. has only five to 10 years to get its budgetary house in order or risk bequeathing a less-prosperous nation to its children and grandchildren.
He brought his "Fiscal Wake-up Tour" to campus in a program sponsored by the UT Dallas School of Management's Institute for Excellence in Corporate Governance, co-sponsored by the CEO Netweavers organization of business leaders.
"Washington has not learned the first rule of holes," Walker said. "When you're in a hole, stop digging."
The veteran of Washington's budget wars got an introduction from one-time presidential contender Ross Perot, who called Walker "an economic patriot." The Dallas business legend used an airplane analogy to describe the importance of Walker's deficit message: "If you look at the instrument panel and you see you're out of gas, you know you'd better land the plane."
Walker said the unsolved Social Security problem has helped overextend U.S. spending but said that colossal Medicare responsibilities are a far greater problem. Rising health-care costs and a wave of Baby Boomers headed for retirement will squeeze the system in unimagined ways, Walker warned.
"The United States is the only country I'm aware of that's dumb enough to write a blank check for medical care," he said.
The nation has held sizable debt before, during wartime, but always managed to pay it down in a relatively short amount of time. "But that changed drastically in the 1970s," Walker said. "America became addicted to debt," Walker said.
Much of that debt is held by lenders in foreign countries, giving them undue sway over U.S. affairs, he added. Tough choices on spending and entitlement programs could turn the problem around but will require courageous choices and tough leaders.
"It's fundamentally imprudent to wait until there's a crisis," he said. The window of opportunity is five to 10 years, he said.