Obama Gets One Right

Obama finally gets one right ! For me this isn't President Obama's first win, but to conservatives this is the first time the Obama administration has did something that has had overwhelming success in the marketplace. Cash for Clunkers may have saved the Democratic Congress from a midterm Rethuglican landslide.

With the success of the program -auto dealerships are moving 'new' cars at record rates. When the 'now' 3 billion program is finished, dealership will have few if any new cars in stock. This is good for the whole economy, it will mean that a chain reaction in hiring will have to happen. The large automakers will have to crank up production, to replace all of the new vehichles that have been sold through Cash for Clunkers. The parts makers will have to hire to keep up with the demand fron the automakers. The parts suppliers suppliers are going to need raw materials; as in steel, plastic and fiberglass to make the parts to send to the auto dealers, chain reaction. The Stock Market already knows this, prices of stocks are heading north fast.

As is usual the Rethuglicans are trying to put a damper on the program and it's economic benefits. This to me shows that the rethugs only want power, they tell the American people (indirectly) everyday that the don't care about their interest. It's all tax cuts, which help the wealthier in our society. Not that I have anything against wealthy people, They are the ones that employee people and drive our economy. I would just prefer for the Ruthuglicans to have more interest in the other 95% of the people who aren't in the top 5% of income earners.

From looking at what the Obama Administration has in the pipeline, with stimulus money and shovel ready projects things are going to be gangbusters the 4th qtr of this year, and all of next year. People need to understand that 20,000 projects are funded, going through final approvals and about to get started.

Like I've said before Rahm and the President are too smart not to flood the country with stimulus money and projects right before the 2010 congressional elections. If they play this right, (and I've heard conservative talk radio shows saying this could work) they could have the GDP Gross Domestic Product) moving at 5 to 6 % on the upside. Where right now it is 1% on the down side. Best estimates have the GDP at 2.5 to 3%. The Obama Administration predict 4%. I'll jump out the window at 5.5% to 6%.

Our economic system is healthy, Americans are saving money like not scene in 20 to 30 years. Because of the Madoff scandal and other Ponzi schemes, companies have been cleaning up their books and flying right. For banks and home buyers money is cheap. People don't understand that these guys are borrowing money from the treasury at like 1% or something crazy like that, and loaning it to the people basically at 6% or above unless you have excellent credit. You can't help but make money and if your doing volume your making a lot of money.

Garden Tip: If you would like to adjust the color of your roses to a deep intense red add about a half a cup of Epsom salt to the base of the rose bush, it should do the trick.