Wednesday, November 5, 2008

Congrats to Obama

Listening to: The DJ Z-Trip Obama Mix
I'm excited about Obama as Prez for many reasons... Here's the top 3:
  • Restore the international image and peaceful relations of the US with our neighbors (the other 190 or so countries in the world). Rollback the imperialistic greed and cruelty of the Bush Doctrine. I love the US based on our highbrow principles and melting pot characteristics. I hope that we return to being an active and respectful member of the UN like when Bush Sr was President.
  • Be a symbol of unity to the 300+ million people living in our great country. Improve race relations of all kinds (decreasing conscious and unconscious racial prejudice) and unify the "red" and "blue". I'm looking forward to being able to proudly say, "I'm an American" again, without having to explain or qualify it.
  • Re-open the investigation into 9/11 destruction of the NYC World Trade Center. Been feeling extremely strong about this lately - I actually have been suppressing my thoughts/fears on what we may find for many years, and I don't think I'm the only one. Will compose my thoughts on this in another entry.
Top 3 things I'm worried about
  • Since the democrats have grabbed both houses of congress and the executive branch, I'm worried about a swing to the other extreme. We need balance, not a swing between extremes.
  • Who will be calling in debts after the inauguration? I believe Barak's campaign raised the most money of any political campaign ever? I just hope there aren't big favors owed back... the worst fear being some kind of morally corrupt shadow organization retaining a high level of control over the government - so that we don't really see change.
  • An economic correction casting a shadow on an otherwise strong administration. I really don't think short term economic swings should be the primary concern of the executive branch. I am not an economic expert, but I did get a 5 on both AP economics exams and once created something on the order of 1000% return over approx 5 years in the stock market ;-)
    Capitalism has an innate business cycle which is natural and I feel serves an important function. Unfortunately, while in the recession phase of the cycle, many people tend to over-react - ironically, their attempts to "correct" the natural cycle often prolong the recession :-/
    I am very concerned with the governmental bailout/buyout of a percentage of the US banking industry. This is not capitalism, and I truly believe the government will/would run the banks MUCH worse than the free market. Perhaps this doesn't sound right at the moment, but if you think for a minute, it's very obvious. The banks got in trouble for making bad loans at too low of an interest rate. What is the governments solution? To forgive / continue the bad loans! - which digs the banking system into an even deeper hole! So the government is much less responsive to the business cycle and will therefore create deeper recessions.

To end on a light note, let's give Obama Girl some credit for the election result ;-)