Showing posts with label obama. Show all posts
Showing posts with label obama. Show all posts

Thursday, January 22, 2009

The Real Obama

A friend of mine rather gleefully sent me a video of how the Today Show mocked Obama's inauguration speech similarities with Bush inauguration speech. That's a ridiculous scale to measure anything. Of course there will be similarities between what presidents offer to tackle. Here's my offer. I dare anybody a video/speech of Bush or even Clinton, for that matter, that comes near this one in terms of lucidity and the boldness with which President Obama addresses the tricky issue of religion's role in politics. It doesn't get any tougher than that, especially in America. Prepare to be amazed. Finally a smart choice, America.

Wednesday, September 17, 2008

AIG Bailout. FAIL.

So, after bailing out ailing mortgage lenders Freddie Mac and Fannie Mae, the US Fed extends it's saving hands one more time and bails out AIG with an $85 billion loan. Obviously, this is a political decision. There is enough bad news on the Wall Street already, and the Republicans cannot possibly afford the economic and political fallout of a major insurer. So they do the most un-republican thing to save their asses. The normal republican sentiment is that the govt. will not save imploding businesses, however big they are. To his credit, John McCain said one the govt. should allow AIG to fail. I'm more in the Obama camp, but that is one voice of courage. Bravo McCain. You're probably not such a bad option for US President either. But your party is too f_cked up.

So, just like a socialist country, the US Fed goes and saves a bank. So what can be so bad about that? Because, with a bailout, you're saying don't give me too much pain now, but I'll take it little by little over a period of time. Letting the bank fail would make sure the 'bad money' is cleaned out. There would have been a possible global financial disaster, but markets always correct themselves. Bad bets will be wiped out, and things will start afresh. So now, there will be a financial recession anyways... but the bailout will just prolong it. Whoever comes to power in the US in november, they have a pretty bleak economy to work with. One can only hope they won't make it worse.

Sunday, September 14, 2008

Ah well.

Well, don't hate on me for so many comics. When the world doesn't make any sense at all, you take refuge in humor. At least I try to. As ye all know, I loves Sinfest. Here's why: