Hope and Change â€“ Deviant Version
November 19th, 2012
Reader Views: 682
Skip the politics, and show me the money! This is not a discussion about the hollow political slogan â€śHope and Changeâ€ť or a discussion about the successes and failures of either the Democratic or Republican administrations.
The OLD Version of HOPE!
(Hope is all that remains when you have no plan, no clue, and no useful ideas.)
- The governmentÂ hopedÂ to stimulate the economy. This amounted to borrowing and printing money and (mostly) feeding it to politically connected businesses and projects.
- Government bailouts â€“ more payoffs to banks and political supporters. The governmentÂ hopedÂ this would improve the economy.
- More debt â€“ about $7.5 Trillion has been added to the â€śon the booksâ€ť national debt in the past six years. What is astounding is the speed with which the United States is adding new debt onto previously unpayable debt. The rate of increase and the total debt are new â€“ the process is the same. Did we reallyÂ hopeÂ that more debt would fix an already excessive debt problem?
- Government revenues are stagnant â€“ they have been seriously hurt by the continuing recession/depression. Once again weÂ hopedÂ that more of the same borrow and spend stimulus would produce different results.
- Â There appears to be no functioning plan to change the massive budget deficits and to avoid the â€śfiscal cliffâ€ť except to wait until another financial crash occurs, direct attention toward appropriate distractions and scapegoats, and then use the new crisis as a cover to raise taxes, cut entitlements, and enlarge the size of government even further. Because there is no real plan, all that remains is the same oldÂ hopeÂ â€“ nothing new here.
The OLD Version of CHANGE!
- Talk! Talk! Talk! NoÂ change.
- Increase the number of people receiving food stamps (by about 20,000,000 in the past five years) and hope this will positivelyÂ changeÂ our economy. Oh SNAP!
- ChangeÂ (increase by 2,300,000 since 2006) the number of people receiving social security disability. (They no longer count as unemployed â€“ so the unemployment rate goes down!)
- Â Higher costs for gasoline, medical care, local taxes, tuition, food and energychangeÂ your standard of living â€“ downward.
- More unemployment willÂ changeÂ (increase) the length of the recession.
- Weakening economy and more scandalsÂ changeÂ (decrease) belief and trust in Wall Street, congress, and government.
- More voter apathy. There were more registered voters who did not bother to vote than those who actually voted for the winner on November 6. Perhaps those apathetic voters think there was no real choice (economically speaking) and that who won or lost would make noÂ changeÂ in their conditions.
REAL HOPE and REAL CHANGE!
- Change your thinking, change your circumstances!Â If you merely hope that things will get better, very little will change.Â REAL HOPEÂ comes from taking intelligent action, based on an objective assessment of the circumstances, directed toward clearly defined goals.
- Take action to create REAL CHANGE!Â The financial status quo serves a small percentage of the population very well, exploits a large portion of the population, and directs â€śgiveaway programsâ€ť toward the rest. If you are tired of seeing consumer prices rise, wages steady, and your investments go nowhere, make a plan, take action, and move forward. ReadÂ IRA Investing: Gold and Silver for Your Retirement Safety.
There is no such thing as something for nothing â€“ contrary to what most of usÂ hope. ReadÂ Something For Nothing?
If you want to banish the useless sort of hope from your investment thinking, readÂ HOPIUM! Addicted to This Emotional Drug in Your Retirement Investing?
aka Deviant Investor
Delivered by The Daily Sheeple
Contributed by Deviant Investor of Deviant Investor.
About Deviant Investor: I am a retired accountant who has 30 years of experience following markets, investing, and trading both futures and stocks. I have made and lost money during my investing career, and those successes and losses have taught me much about markets, timing, risk, inflation, and crashes. I currently invest for the long term, and I swing trade (in a trade from one to four weeks) stocks and ETFs. I offer opinions and commentary, but not investment advice.
Years ago I did graduate work in physics (all but dissertation), so I strongly believe in data, analysis, objective facts, and rational decisions based on hard data. I currently live in Texas.
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