Market Update: As if to emphasize the urgency to get our economic problems fixed, the stock market took a sizable hit Tuesday, as Citigroup (C) traded under $3, Bank of Amercia (BAC) under $5.50 and State Street Bank (STT) was down close to 60%. The VIX, a measure of fear in the market was up over 10 points or 20%. It's definitely time for some kind of change!
White House, Washington D.C.
Originally uploaded by hanneorla
The Festivities And The Honeymoon Are Over!
Moving, Historic, Joyous, etc.
These fawning descriptions of the inauguration of Obama from our "unbiased" news reporters are all well and good. The comparisons to where we were in terms of race relations and where we are now are great, but at this point irrelevant. Bottom line. He is now President and will be judged on one thing, and one thing only. Performance. Let's see him perform.
It is now Wednesday and the pomp and circumstance are a thing of the past. The inaugural address with all of its' flowery words and promises is in the record books. The inaugural balls and parties are done and the hangovers are being dealt with. It is now time, as they say in show business to "get this show on the road"
Let's Implement The Change And Fresh Ideas
Swept into power by promises of "change" (although his circle of advisers represents anything but. Mostly more of the same old tired Washington retreads) and "yes we can", he has precious little time to get done what needs to be done. Primarily that would be the righting of the U.S. economy and a continuation of whatever policies have kept us safe since September 11th.
The accolades and ring kissing are behind us. The starting gate has opened and the announcer has said "They're Off". Although he will be given every benefit of the doubt by the liberal leaning media, they will, as the media does, turn on him in a split second if and when he falters.
All of that said, what is it that the American public wants him to accomplish from all of the things that he promised that he would:
- Ensure all children have health insurance 73%
- Double production of alternative energy 70%
- Reduce health care costs for families 70%
- Enact major spending program on infrastructure 60%
- Cut taxes for 95% of working families 57%
- Withdraw most troops from Iraq within 16 months 51%
- Increase military strength in Afghanistan 43%
- Lift restrictions on government funded stem-cell research 42%
- Close Guantanamo 32%
- Make it easier for unions to organize 28%
(USA Today/Gallup poll)
It's a short honeymoon Mr. President. Let's get this show on the road.



Comments: 14
Let the show begin...
Mike
How long are you planning to give him to solve all themomentous problems in the world before you call him a failure???
Is Tim Geithner, the architect of the original failed solution to our financial crisis and nominee for Treasur Secretary going to be confirmed? Will the senate overlook his failure to pay taxes when due?
He set lobbying rules. Will they be enforced? He froze top staffers pay which is merely a publicity stunt and, by the way, not that good for morale. All surface level stuff.
Let's see how long it takes for him to achieve substance, and not just picking of the low hanging fruit.
I heard no change in "poor me" yesterday. In his Inauguration Speech he was playing the "Race Card..." It sure sounded like he was saying "You owe me, my ancestors were 'whipped' when they came over here..." Guess what, I'm about as white as can be, but, you know what? My ancestors were whipped, too. They came over in the early 1800s as slaves, too... They were "indentured servants" -- better word than slaves? Hardly! To their 'owners' my ancestors were slaves! I heard the stories of beating, rape and all sorts of horrors...
So, someone needs to let Mr. Obama know it is time to change! Stop beating the drum of "Poor Me.. I'm Black!" My ancestors would turn over in their graves if they ever thought for a moment I would make a play for "You Owe Me" because back in the early 1800s they were indentured servants. Maybe they bought into coming over with dreams of the new land, but they never signed on for their beatings and horrors. No one stood up for my ancestors or Obamas, but it is time to let it go! CHANGE!
If you are out of a job, are you making your own work? I'm starting a Farmers Market as soon as I'm laid off and will start a soup, salad, sandwich shop with it as soon as I can pass codes.
What are you doing? Can you fix things, sell a product you can make, volunteer at schools or churches so that you can meet people that may need work done?
If you are not laid off, are you making plans, buying American wherever feasible and supporting those you can? Are you growing vegetables and turning down the hvac?
Come on people. Obama can't fix it all for us...but all of us together can fix this.
Where is the American igenuity?
The same quants that got us into it have to get us out of it.
Mike