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posted by xpert11
The problem with selling the concept of the economy tanking is peoples memory's. A Republican candidate needs a good response to "The Economy was stronger under Bill Clinton. " And no, a Republican candidate cannot claim that Ronald Reagan created the economic growth of the ninety's because by that logic Carter was responsible for the recovery credited to Reagan . [Edited by Don W]
posted by Justin Oldham
I do see an economic down-turn coming, and do I think it will manifest by the end of this year. There are several things at work which concern me.
A) Bush's policies to weaken the dollar along with Fed chair Bernanke's decision to increase money supply have created a recipe for disaster.
B) Corporate out-sourcing has taken the resiliency out of the U.S. economy.
C) Current public fiscal psychology has been undermined by the war in Iraq and a long list of political scandals here at home.
From where I sit, we're about to see the housing market crash, which will lead to a run on investments as people struggle to stay off the streets. Trouble is, portfolio liquidity doesn't meet or exceed the debt load. Even after the average investor cashes out, he or she will still not be able to manage their debts. Greenspan's "over exuberance" will have caught up with us.
If you're a busy Presidential candidate, you've got to know this is coming. As Don says, the economy does move slowly. Trouble is, the deterioration will have taken place on Bush's watch. that's going to be hard for a Republican candidate to overcome when the mud starts to fly.
When the Dems talk about rescinding tax breaks, they might not be wrong, but they will be throwing fuel on the fire. Those of you who have read my work will know that I think all of this is too little too late. Within two years, I expect current inflation and unemployment rates to double. With that in mind, I'd stand by my strong language. The economy is about to "tank." Conservative candidates needs to be ready for it. [Edited by Don W]
posted by Xpert11
Interesting. People who lack common sense aren't the US governments problem. This should be the Republican candidate or the party position. Why should the credit card company's face regulation due to peoples lack of common sense? It’s not the government’s problem to start with. [Edited by Don W]
posted by Justin Oldham
I'm thinking any Republican seeking high office is going to need to say something that sounds supportive of reforms for the credit card industry. If they don't say something that can be dusted off later on, it will hurt them much more than it needs to when the actual calamity happens. The bottom is coming out of the credit market, and that will force reforms. It would be wise to plant the seeds for one of those "I said something about this years ago" moments.
posted by Justin Oldham
There ya go. This is why I continue to make the 'simple' case that I do. Credit cards or campaign finance, they serve us or we serve them.
posted by Justin Oldham
I'd like to see some of that real reform you're talking about . . I've got another question. I spent a lot of time sifting the news this weekend in preparation for a radio thing I do on Mondays. I was looking specifically for stories covering the Bush trip to South America and the Iraq good neighbors summit that was held Saturday. I run into stories about Newt Gingrich, and he "unburdened" himself on the Dobson [Focus on the Family] radio show regarding his infidelities. He admitted to having his own fling while Bill was acquainting himself with Monica. [There is a story of corruption in the move of ‘F on the F’ from southern California to Colorado. It occurred during the run-up to the anti-gay con amend vote in CO. I have called James Dobson the Pope of Colorado.]
I've made a list of the known trysts of each GOP candidate for the Presidency in 2008. Ouch, man. Ouch. Or should I say, Go Romney, go! [Romney is a Mormon. I did not know Mormon’s had “flings?” EMAs. Extra marital affairs.] Newt is a smart guy. He and Giuliani have decided to make a clean breast of it. [Pun intended.] Their thinking is that by acknowledging their infidelities, they can give the voters time enough to be mad and then accepting of what they did. Not forgetful. Just accepting. Their political ambitions are clearly stronger than their sex drives.
Here's my question for the panel. (1) How do you think these guys should play the issue of character in the 2008 race? Put on your political strategy hat, and think about that. It's not a question of what you want, or think. Opinion is not the question here. (2) How do you think these guys need to package themselves in order to deal with this election season? (3) Hillary is the wife of a known philanderer. An adulterer. She's got victim status here that the hard right is going to be loath to give her. Trouble is, the hard right may give in to a double standard if they hold their collective noses and vote for McCain, Giuliani, or Gingrich. [Edited by Don W]
Some time ago I said this would be one of her better political weapons . . [victim status] I suggested Hillary would win in '08 in part due to this issue of "character." If we assume that Hillary is the front-runner for her party, and Rudy is "the man" for his, how would you spin this for the conservative cause?