by Newfie » Sun 15 Feb 2009, 22:22:48
$this->bbcode_second_pass_quote('Nefarious', 'I')'m curious as to why people think there will be another up turn in the economy and the next downturn will be the one that gets us.
Nefarious, it is my gut speaking. I don't know enough to give any kind of intellectual answer. But......
My general understanding is that our economy is based more on "trust" or "faith" than anything else. It is the "faith" that things will work out that makes them so damned hard to talk to reasonably. Anyway that faith will float the economy on top of all the money that is being dropped in, if just for a while. Then, I'm afraid, it will be a bad time.
Just staying with my gut feeling on this and looking at the psychology of the system, Obama sold people on "hope" and "change" and faith. But even he does not believe it. His words are preparing people for a tough time to come, he is trying to lower expectations. Yet that is not what people elected him for. They elected him to lift them out of this morass.
When he can't, and the despair comes home to roost, it will be ugly.
Therefore I, a life long Democrat, did not vote for Obama. I voted Libertarian or something. I would have rather seen McCain win not because I prefer McCain's philosophy but because we would have had fewer hopes for him and then tried to do things in a collective fashion, in spite of him.
I'm probably over thinking this. As I said this is my gut speaking. Let's hope I just have indigestion.