You cannot argue both sides of the coin. In one breath you say Obama has rescued us from oblivion then now you say we have a financial crisis on our hands.
I am not a Bush fan. He created a smoking enconomy by borrowing billions. Then Obama came along and has borrowed trillions with more to go which will temporarily smoke. You are right that we have a financial crisis looming in the next three or four years but in the short term the stock market is booming. I have recovered all my losses from the crash in 2009 but now am trying to determine what to do from here on out. If I cash in stocks now, I will get taken out by inflation that will occur in 2013. If I stay in stocks, they will probably tank in 2013. There will be some company survivors but I don't know which ones. Actually I may just write a check for all my assets to Obama and go on welfare. Let him take care of me as well as all the whiners that don't believe in the American dream of self-reliance, hard work and hope. ----- Original Message ----- From: "Leland F. Jackson, CPA" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Saturday, March 27, 2010 1:34 PM Subject: Re: [OT] Once you go Red... > Most of you guys don't understand the seriousness of this past > financial/economic crisis. If President Bush and President Obama had > not taken the actions they did to bail out financial institutions and > stimulate the economy, (eg deficit spend), not only would much wealth > have been lost in stocks and bonds held by public and private investment > companies on behalf of both individuals and government, all the cash in > banks accounts across the country could have been wiped out as bank fell > like rows of dominoes coming down in a chain reaction. FDIC insurance > would have been complete overwhelmed and quickly exhausted. > Unemployment would be much worse as the Auto industry went out of > business, etc. > > People don't seem to realize that we are all in this together, not only > in the USA, but everybody world wide is connected and effected; because, > the economy is global. > > Regards, > > LelandJ > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/2240b30f7137467ca7bafc1d459ad...@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
