THE MARKET REALIZES THAT WITH OBAMA THE GROWN-UPS WILL BE BACK IN CHARGE OF THE ECONOMY AND IN THE LONG RUN THAT WILL BE GOOD FOR WALL STREET....
BUT THE DAMAGE HAS BEEN SO BAD... THAT EVEN A DEMCRATIC CONGRESS MAY NOT BE ABLE TO REPAIR IT THIS TIME...
OBAMA WILL HAVE A MASSIVE PUZZLE TO FIGURE OUT... BUT VERY LIKELY HE WILL HAVE THE COOPERATION OF THE INTERNATIONAL COMMUNITY MORE SO THAT BUSH-CHENEY WOULD HAVE HAD...
WHAT WE KNOW FOR SURE IS THAT THE BEST MINDS WILL BE ON THE JOB...AND WHATEVER CAN BE FIGURED OUT WILL BE...
THE END OF THE REPUBLICAN NIGHTMARE IN WASHINGTON AND ON WALL STREET...WILL BE A GOOD THING IN ITSELF...
MY HUNCH IS THAT THE FOLLOWING SHOULD BE TRIED:
1. MASSIVE CUTS IN THE DEFENSE BUDGET...
THE CURRENT LEVEL OF WAR SPENDING IS JUST NOT JUSTIFIED...AND IS OBSCENE...
THE NEED FOR MASSIVE STANDING ARMIES HAS LESSENED...AS THE TREATS TO THE US HAVE MORPHED INTO SMALLER UNITS...
YES, CONSIDER A MASSIVE RUSSIAN INVASION OF EUROPE...BUT FOR GOD'S SAKE QUIT FUNDING IT "AS IF" IT WERE A CERTAINTY...
THE POX AMERICANA HAS BECOME TOXIC TO THE US BUDGET...
2. RISE THE CAP ON SOCIAL SECURITY TO $200,000...
THAT WILL SOLVE A LOT OF PROBLEMS ABOUT THE SOLVENCY OF MEDICARE, ETC... ADD SOME MEANS TESTING FOR TAXATION OF BENEFITS BASED ON GROSS ADJUSTED INCOME, NOT JUST EARNED INCOME.
3. GO TO SINGLE PAYER HEALTH CARE NOW...THAT WOULD BE A HUGE TAX CUT TO THE STATE BUDGETS...AND TO AMERICAN CORPORATIONS...
THE CURRENT 15% LEVEL OF SPENDING IN GDP IS UNSUSTAINABLE... EVERY INDUSTRIAL NATION HAS SINGLE PAYER ... JUST PICK A MODEL... PERHAPS CANADA...? THE NOTION THAT AMERICANS ARE "NOT LIKE" CANADIANS IS BULLSHIT .... AND THE DAZE OF BULLSHIT BASED POLITICS IS OVER.
