Ken's Comments

The link below is to an interesting story about President Obama. The gist of the Politico article is that there are some themes or "storylines" developing about the Obama Administration. If more than one of catches firm hold in the minds of the public it could damage President Obama's chances at re-election. Now you might say, give me an example - last year, the Democrats developed a story line that John McCain would be four more years of President Bush, it was not true, but it was a prospect no one really wanted. The Obama campaign picked up on that and was very successful in getting people to believe the story line and it had a lot to do with President Obama getting a significant number of votes from independent voters and conservative Democrats. Here is the link to the article: http://news.yahoo.com/s/politico/20091130/pl_politico/29993 Comments on a couple of the story lines: 1. One story line suggests President Obama is over-exposed. Interestingly, President John...

The common result of a government spending more money than it earns is devaluation of its currency. The US government's deficit increased during the Bush Administration. The Democrats and the Obama Admiminstration lifted that deficit to an enormous new level. A common effect of currency devaluation is inflation. In a bad economy, that is going to be a real problem - just ask people who lived through the Jimmy Carter Administration. First of all, let's spread this blame in a non-partisan fashion. Republicans during the Bush Adminstration years controlled Congress and the White House and they showed no fiscal discipline. The Bush Administration capped this by spending a ton of money in 2008 to try to prevent or curtail the recession - first having a stimulus tax cut at the beginning of the year and then approving the TARP bailout funds - easily a trillion dollars spent last year to prevent the recession. Now, we have the Obama Administration spending another trillion dollars for ...