I thought if I had to watch another political ad, I was going into exile. What a relief to be back to the cheesy commercials for car dealerships, Gutter Brush, Gutter Helmet, Gutter Monster ads. All the ambulance chasing personal injury lawyers are back on, and nobody approved that message. Instead of back-to-back mudslinging attack ads, we have Heidi Klum skin care products and Bowflex Treadclimber again, amen. I'd rather hear about Oxi-Clean than Obama. Give me triple action cleaning power I can believe in, because three minutes of lying campaign ads in a row makes me feel dirty and conflicted. I'm so glad it's over. The hand has been played. The chips have been pushed, and the losers have stepped away from the table.
I prefer a deadlocked House and Senate, or different parties in the Congress and the White House. It allows for a sanity check for new legislation, so it's good for everyone. Bush didn't veto very much. I have a feeling Obama won't either.
I'm disappointed with the BOMB (Bush Obama McCain Bailout) that passed so Congress can show they're doing something about the economy, even though it doesn't bode well for the future economy. The less influence Congress exerts over the economy, the better off we are. The mortgage bubble was caused by bad legislation which encouraged easy loans, which increased demand for houses, which increased housing prices above the free market norm. Now that market pressures are trying to deflate the bubble, they're propping it back up at the expense of a weaker dollar and increasingly worthless T-bills. When the dollar is weaker, outsourced jobs will come back onshore, but we'll be paying more for imports, and that means oil. If we don't produce more of our own, we're going to be in worse shape in coming years than we were this past summer. The prospects are scary. With one party in control, we're going to get a stream of crappy legislation coming out of Washington for a while. I can't wait to see what the first hundred days has in store.
Bush did a good thing in setting up a web site to show which government programs are working and which ones are wasting money. It should be a no-brainer for the next Congress and Executive administration to make the appropriate cuts. http://www.whitehouse.gov/omb/expectmore/ I just don't have any faith in the Democrats to cut these instead of cutting the military. Y'know, our military might enforcing a dollars only for oil policy, which saps value out of oil producing countries, is the only thing keeping our dollar afloat in the world economy. It's no longer backed by gold. If any country starts selling oil for euros or yen or whatever, the dollar will weaken against that currency. If we don't fight, the dollar will tank.
Our framers must be spinning in their graves.