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Whether the current administration "inherited" or
"created" its problems not important.
What is important is the manner in which the
present administration is executing its job. They ran for office, and now
they are there.
And so, what have they done?
The "anti-big-government candidate" has done more
to enlarge the federal government and encroach on individual freedom than any
other president in my lifetime. How long will we hear about
9/11 justifying blowing the budget, and going back negative?
The "experienced, disciplined foreign policy team"
has a new policy story every day, and they continually contradict each other in
public pronouncements; These public contradictions are really
disagreements, not planned disinformation. The appearance is that of
confusion, not direction, purpose, and focus.
The economic policy team is hardly worth mentioning
-- the latest polls determine actions, not any sort of cohesive plan. Am I
the only one embarrassed by the ramblings of O'Neill when he goes out of his way
to offend foreign countries? There were reports that his major
contribution to Alcoa was to shore-up the safety record. Great
qualifications for a treasury secretary.
I don't know if we are really on the edge of an
economic crisis as some here say. But it really scares the hell out of me
to realize that our country is led by a team that I would not even hire for my
own business, starting especially at the top. (How long before the
business leaders of this country acknowledge that George Bush REALLY is NOT
wearing clothes? It is amazing how the earlier defenders of his
performance deficiencies (needs time, experience, etc.) have really gone
silent. Even his dad's friends.
I travel internationally every few weeks, and have
observed a catastrophic change in the image, respect, and regard for America,
American interests, and Americans. We have become the "bad guys" nearly
everywhere. If anyone here thinks this is good for our business and
market future, then think again.
What do we need?
(1) A coherent, straight story
every single day. Not changing according to the latest polls, or the
latest talk with "dad". Who here can say they really know what the
administrations policies and strategies are?
(2) Real protection of markets,
not just when it is politically convenient.
(3) Don't talk war if we don't
mean it. Don't "leak" battle plans, just execute them, if we mean
them. If we don't mean it, then stop saying it so the whole world can get
back to normal, whatever that is.
(4) Please please don't get us
into another Vietnam. (But it is already too late, I fear).
(5) Don't look into "Putin's
soul" any more; he looked back and saw what he was challenged by, and
slept very well that night. (I hate to ponder the IQ gap between Bush and
Putin).
(6) Republican congressmen must
disassociate themselves from Bush; he will lead them to a massive loss of power
in the next two elections, as he manages to alienate nearly every definable
constituency group, excepting the far right Christian brigade.
(7) Get control of the
administration. Provide an INTERNAL forum to iron out disputes, then
decide the policy, and execute. The public squabbling is a clear sign of
no internal dispute resolution process or dialog. Get rid of
O'Neill and put a pro into the job. Get rid of Ashworth (send him to
Iraq or Saudi Arabia, where he'll fit in just fine) and find an attorney general
who can both fight criminals AND respect American freedoms, not Saudi
freedoms.
and so on.
Dave Johnson
Date: Wed, 21
Aug 2002 05:52:56 -0500 From: "Bob Heisler" <<A
href="mailto:BHEISLER@xxxxxxxxx";><FONT face="Times New Roman"
size=3>BHEISLER@xxxxxxxxx<FONT face="Times New Roman"
size=3>>Subject: Re: GEN: DEFLATION AND GOLD....I'm just a
lowly trader who is not an economist or a CNBC talking head and am therefore
grossly under-qualified to either give advice on economic/fiscal policy or
criticize/praise the current economic team.But what I do know is that
the current administration inherited a post-bubble economy and a post-bubble
bear market (the NDX was 45% off its all-time high when Bush took office).
Toss in 911 and even someone as under-qualified as myself can see that their
timing could have been better....like inheriting a recovery and the early stages
of the PC revolution in the early 90's.I hear a lot of bashing of these
folks but I hear nothing from the critics on what we should be doing - except
raising taxes and increasing government spending/entitlements. Even the
infamous Lord Rubin, who bravely fled to Singapore once the Enron news came out,
has offered only these solutions. But if history is to be our guide then
that type of policy is exactly what we shouldn't adapt.What I'd like to
hear from the critics are some concrete ideas on what should be done as opposed
to the daily/hourly criticisms and negative sound bites. And those ideas
should include a plan on how to get any new policy changes through the Congress
(particularly the Senate).I look forward to being
educated.Bob
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