Quote:
Originally Posted by Ed Hammer
Thats the only thing everyone cares about? so I guess fuck your freedom right?
Oh, and no, we are not in better shape now.
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You are in better shape than you were 3 years ago, which is when the crisis bottomed out. When Obama took office, the economy was burning to the ground, and so was the rest of the world economy. We weren't alone in our pain then, and we won't be alone in our pain into the future.
I think if you took that question and applied it to almost any country, the answer would be the same. Seriously, what country anywhere, is thriving right now? UK + Europe are in full blown recession. China is slowing. And yes it matters. Our companies sell around the world and we live in an interconnected economy. If Greece bails, and the Euro collapses, a lot of the banks inside the US that loaned money over there are going to face some real nasty write downs, and there is *nothing* Obama or Romney can do about it, and that is easily the biggest threat to the world economy.
It's unfortunate that this issue isn't so even raised or talked about by any politician, because of the "message" they need to send out to win an election, and the stupidity of the majority of the country.
It is for this reason, and this reason only that the largest and smartest investors are PILING into GOLD. They don't give a fuck who wins the election. And these are the same guys that made a killing off of the housing collapse. The exposure of everything that happened in 2008 never left the eco-system. With all the politicking going around, it simply transferred to the world governments, who created policies to deal with the down turn, like printing unlimited amounts of money to create the confidence from fall out. This is only going to lead to a new crisis around a new and different set of parameters, like inflation, once things do turn a corner.
The future isn't pretty, and it won't matter who is in charge. But that same man will be appointing Supreme Court justices and making all sorts of other social decisions that do matter.