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Old 08-09-2011, 08:21 PM
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Originally Posted by Villages Kahuna View Post
Well, what can I say? I won't go into all the details which, like you, have lead to my disappointment. I can tell you that the first wave of doubt washed over me when he gave the UAW the unearned and unjustified gift of the century in the GM bailout--a purely political move that pandered for votes, screwed the rule of law and cut the legs off the enforceability of lenders' contracts.

So now I've reached the same point you have. I'm not going to vote for his re-election. I'm not going to get myself all upset by re-visiting all the reasons why he lost me somewhere along the way. He has and that's probably enough said.

My reaction to our president will be like the relationship he's built with the business community in his 30 months in the job. It was described on The Morning Joe this morning whe someone asked why doesn't the president call a meeting of a lot of CEO's and try to convince them that they should be investing the huge amounts of cash they're carrying on their balance sheets. Another panelist asked, "Who would come? He'd probably find that he couldn't get thru to them to issue the invitation."

Someone else asked how the traders and the markets reacted to the speech he gave early in the afternoon that the market tanked by 634 points. Someone who was on the floor of the NYSE at the time said, "Some walked away. Others were seen reaching for the TV clicker." The market tanked another 200-250 points after his speech.

Strange things can happen in elections, particularly when Obama is sitting on $1 billion in campaign cash to spend. But short of that, I think he's a dead man walking.
I think if the business landscape was such that profit was likely with business expansion, Obama wouldn't have to invite anyone to do anything. I think business would take care of itself. Don't you think?

Other than that one point, I basically agree with what you've said.