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Obama sees improving economy but central bank gloomy

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May 21, 2009, 8:38 GMT


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repostMay 21st, 2009 - 16:11:27

Yup,the doom and gloom guys must darken the skies and negate any ray of sunshine for the hard working average citizen. While the facts might be real, if you don't give hope, then you get dispair, which leads to a further downturn in the economy, because everybody tries to save, and not buy the toys, in order to ride out the storm. This leads to further shut downs of business, tightening the arcing descent into a death spiral. The end result? A smoking hole in the ground, as any pilot knows. Any smart aviator knows that you stay away from the back side of the power curve.

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aMay 21st, 2009 - 16:26:41

Under the new government of the american republic, the central bank will be gone..and a government bank will be the law...

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SP4: No, RepostMay 21st, 2009 - 17:24:09

...in the world of commerce and finance, confidence is generated by deeds, not words. If words were the only factor we'd be seeing far better results. We have another way of putting it in the private sector:

Money Talks, Bullsh-t walks.

Perhaps this could be the sequel to 'The Audacity of Hope'...boy, HE wasn't kidding, eh?

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TO:SP4: No, RepostMay 21st, 2009 - 19:42:26

But thoughts lead to words, which lead to deeds(actions). That is the flow. If you staunch an idea, you staunch the flow. If the deed doesn't lead to the result you wanted, you rethink it, then alter your game plan. Try to be a Quarterback without using words to direct the team. The deed does not happen. Some word usages are more subtle than others. So, Yes.
By the way, SP, it is good to see a reasonable post. Some your stuff does not become a man of your education.

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Yeah, I agreeMay 21st, 2009 - 20:18:43

If Bush had thought for one minute, then there wouldn't be the military and economic mess that we're in today. Think before you act.

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I am afraidMay 21st, 2009 - 20:35:41

That America is doomed. I have no hope. American workers b*tch too much and produce too little. American manufacturers produce sh*tty products with inferior quality. American banks are in worse shape than before the bailout. I am leaving this worthless country. Bye!

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I am not afraidMay 21st, 2009 - 21:13:33

It is not the workers that b*tch too much. It is the greed of the moneymen that is the root cause of things. If the workers were treated a human beings, rather than as a beancounter's 'human rsource' then things might get a little better. There need not be a classless class war between management and labor. People would like to care for their companies. Give them a chance to be proud of their products. Build loyalty, don't demand it. Now, if you want to be a chicken and run, then cluck off. We don't need people who are here to suck the juices and give nothing in return. A real man would stay and fight for what is right, not run like a scared little rabbit.

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minor correctionMay 21st, 2009 - 21:15:04

'If the workers were treated a human beings,' should have read 'as human beings.

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'I am afraid' is an idiotMay 21st, 2009 - 21:32:18

When I was in the Army, there was an old saying: 'If the men aren't b*tching, then something is wrong.' It is a soldiers, and workers right to b*tch. It is healthy. It can also point out to an aware management that there are some issues that need to be addressed. When the men are silent, then you have a morale problem. Those are damned hard to fix. Efficiency and productivity suffer. Management then, usually, comes down harder on those that actually get the job done. Precisely the wrong approach. It leads to further demoralization and attendany production problems. Fire management, not the workers. Management should lead, not blame the worker for their failings. It should be a team effort, not a power trip. So, why don't you shut up, stop your whining and listen, for a change.

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correction.May 21st, 2009 - 21:43:36

'attendany production problems.' should have read attendant. Please pardon my palsied fingers.

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TruebritMay 22nd, 2009 - 11:50:09

Absolutely, the previous poster is spot on the mark. A silent workforce is a demoralised one. Much of the problem these days results from the over-promotion of politicing 'company ciphers.' Pink cheeked precocious brats with heads crammed with dubious theories and little real knowledge of life. Men need leading by example: A talent that is developed through the amassment of experience and which requires a character prone to face, rather than duck difficult issues.

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SP4: worse than that, we now reward failureMay 22nd, 2009 - 14:42:11

Consider the massive propping up of GM: Here is Ford, carrying their load, and now the US Government is infusing their chief competitor with billions.

We now have a leader who does not merely want to lend a helping hand, he wishes to perpetuate and institutionalize failure a.k.a. Amtrak - style. Further, he undermines the credit markets by leaving the bondholders high and dry. In countless retirement portfolios, these bonds are now almost worthless, and we now have bond rating services dropping ratings on numerous issues, because of the potential for government interference.

What kind of workforce does this engender? What kind of financial confidence does this promote?

America has the most creative, productive workforce in the world. Now, the pig that dresses like the farmer wishes to undo success.

Change you can believe in?... Keep the change!

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Who is this monkey kidding?May 22nd, 2009 - 14:50:04

The economy is better? Yeah right! America is doomed for failure and will never return to its normal self without reforms in their political, financial, economic, and social models. They are too stupid to realize that their system doesn't work in today's world, and that is actually good for the rest of the world because that signals the beginning of the end for this evil empire.

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To SP and who isMay 22nd, 2009 - 17:30:45

Yes, reforms ARE needed. But, you don't do them overnight. That is too disruptive. You wind up with utter chaos. A situation that is worse than the status quo. Compare this to an old car. It's tired, worn out, but still somewhat serviceable. Do you take it to the crusher and then walk to work, the grocery store, the beer parlour, mom's place for Sunday dinner, for the next year, while you search for a new car? Your girlfriend will not be impressed. She will ditch you faster than a speeding drunk driver heading off the road around a blind curve on a mountain. That is some ditch. Not a soft landing at the end either. NO. You continue to patch it up while looking for a suitable replacement. Patience Glasshoppah. Things will change, for things must change.

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SP4: well professorMay 22nd, 2009 - 17:38:58

...I suspect you are just confusing change with improvement. I however, am not.

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Who is this monkey kidding? saysMay 22nd, 2009 - 17:41:50

'America is doomed for failure and will never return to its normal self without reforms'

Your choice of words is poor. Its normal self is dysfunctional. Reforms to return it to that state are not reforms. That is not change. This sounds like the GOP - keep things as they are, because we feel safe with them.
The unknown can be scarey. It can also be a refreshing challenge. Are you a pessimist or an optimist? Everything in life is in a constant state of flux, change. Only small minded people want things to stay the same in it's 'normal' state. That is abnormal. That is not natural. Be a river, go with the flow. Don't dam the damn thing.
As the line, in the movie Shrek, goes: 'Change is good, Donkey.'

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TO: TruebritMay 22nd, 2009 - 17:49:21

LEADERSHIP! Spot on. When I went on army courses, that might lead to promotion, they were called leadership courses, not management courses. You lead men and manage equipment, materiel. Those precocious brats you speak of lead the equipment and manage the men. Talk about a severe case of rectal-cranial interface.

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TO SP4: well professorMay 22nd, 2009 - 18:08:12

Well, my dear little pudknocker, how do you know it is or is not an improvement until you try it? Change is the basic element. Without it, you have what we have now, mon petite eleve. It is very easy to be a naysayer and whine about everything, whilst doing nothing.
You say: 'I however, am not.'
I say: 'I think, therefore I am.' By the way. it was Rene Descartes who first said that. Do you feel somewhat enlightened, now that your education has been advanced just a smidgeon?

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Further to SP4: well professorMay 22nd, 2009 - 18:20:47

Can you change? Can you go with change? Or do you feel too safe with the known? Change is the lifeline. Can you, will you, reach for it? Change is not easy, but the status quo is worse.
Who does the hard thing? He, who can.
Can you?

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EssPee isMay 22nd, 2009 - 19:47:00

a rat that would rather go down with the sinking ship, protesting and mewling all the way. A lifeline? No, he'd use it as a rope and hang hinself.

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