Dallas, TX 76054
United States of America
I saw this holding pattern two years ago before the presidential election in 2008. Clients who had the interest and ability to invest the money that would fuel our economy weren't investing a dime until they saw who would win the election. There were very few (if any) investors who wanted to see Obama get elected. To emphasize that point they continued to hold onto their money until the late spring/early summer of 2009 when they saw that the United States did not sink into the abyss because Obama took office... and then the party was over too quickly. All the hope and change, smoke and mirrors rhetoric of the Obama administration started to come undone. The market tanked numerous times despite the fact that Obama's administration would continue to brazenly lie to the American public stating that "the economy was recovering". Then there were the blatant misrepresentations by Obama administration that Obama's historic health care bill was showing the American people great benefits only 3 months after the bill was passed into law. Even The First Lady, Michelle Obama's behavior called into question the morals and ethics of the first family, both personally and professionally.
So now here we are again only weeks before the November 2010 elections and the majority of our clients are simply holding back the money that would be necessary to stimulate our economy. Their confidence has been shaken with reason. They are tired of the Obama administration diverting their hard-earned dollars away from the people that would benefit most instead, giving it away to those that helped him get elected. These actions have further driven our economy into an ever mounting debt that is now so great, future generations can simply never repay.
But hey, China is now the proud lien holder to the United States thanks to all of the funds that the Obama administration has given them. How's that for hope and change? I don't know about my readers but this wasn't quite the change I had in mind... and sadly for my personal bottom line neither is it what our investors had in mind.
November is around the corner. The destiny of the United States is in our hands. Let's send a message to the Obama administration that we are fed up with lies and the smoke and mirrors that were his "hope and change" platform.
Published by Emilia Zs Rak - Featured Contributor in Business & Finance
Emilia Zsuzsanna Rak (aka BikiniMom) was an AFPA certified fitness professional, competitive bodybuilder and model for several years. More recently she has been a business turn-around specialist & managemen... View profile
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3 Comments
Post a CommentWhat is the first priority of the Republican Party? - no more business as usual in congress until they extend the Bush tax cuts as a way of helping our struggling economy. What do the Democrats do? Say that the Republicans are "halting progress"? The Republican were voted their by the people for a reason - a strong message that the American people reject the current administration's policies. Seems that egos impede hearing. What difference does it make what party enacted those tax cuts if it will help the economy now?... sad, sad, sad. I am still waiting for a single Democrat to explain to me how it is that an across the board tax cut in this horrible recession will harm the economy or what one single good thing Obama has done during his presidency for that matter.
Great article, thanks for your professional opinions! The House is Red again :(
great update