Tag Archives: global economy

The Polls Say Obama and Romney are Even?

The Polls Say Obama and Romney are Even?

Polls are fallible estimates and not even an accurate system of knowing day to day how voters will vote seven months from now. Well today they are all over the place and will change like a roller coaster before the General US Election.

On April 16, 2012, CNN said President Obama held a 9 point lead over Romney

On April 18, 2012 CBS News showed Obama and Romney are in a dead heat in a CBS NY Times poll, by 47 % for Obama, and 45% for Romney. Too close to call in some polls the margin is a few points or less.

Fox News shows, Romney has a slight lead over President Obama, go figure that one out.

In a Marist College poll, Obama leads Romney by 22 points.

A Public Policy Poll found Obama leading by 5 points in Florida.

ABC/Washington Post poll has Obama at 51% to Romney’s 44%.

Reuters/Ipsos has Obama at 47 % to Romney’s 43%.

Gallup Tracking has Obama at 47% to Romney’s 44%.

Who are you to believe? Who writes this stuff anyway?

In the swing states unemployment is down, Obama seems well on his way ahead of Romney and yet some polls say they are either neck and neck or he’s 8 points behind Romney.

Odds are the polls are fixed, inaccurate and geared towards asking certain demographics skewed towards Republicans instead of a general sampling. Either lame stream media is skewing the numbers, or they’re making this stuff up.

The swing states that could go either way are reporting some relief after six years of a recession caused by the Wall Street Meltdown. Jobs are being created, companies are coming back from China to US labor and economic trends are positive.

The Economy:

For the mainstream media to keep insisting that President Obama has any control over a global economy, over jobs, and even gas prices is a foolish notion. The recession was a global event precipitated by the US banks, therefore the remedy will have to come from a global effort.

The problems of unemployment are a world wide side effect of a catastrophic event such as 2008 reverberated from housing, jobs, retail sales and the continuation of the war has depleted any chance of recovery.

Jobs have been leaving the country due to China’s cheaper labor and for no other reason, it is a corporate decision to move offshore, President Obama cannot stop the 1989 Free Trade Agreement signed by Ronald Reagan that bled jobs out of the country.

Romney and Friends Going After the “Let’s Bring Back the Bush Economy”

Wall Street Meltdown Cost the World 14 Trillion Dollars The world is still paying for the Bush deregulation of Wall Street and the big scam. Do voters believe that regressing is the way to the future?

Opponents of President Obama believe he should have been Merlin the Magician, wave a wand and magically and we’d be right back in the pre-Bush era where Bill Clinton handed over a surplus and times were great!!

That was a dream that could never have ever materialized in reality in the midst of a stormy recession that still hangs over us like a black cloud.

The International Monetary Fund (IMF) this year alone had to come up with another 430 billion dollars of magic money this weekend, to fight off the five year old stagnation crisis caused by Wall Street.

In addition, the world has lost a total of 14 Trillion dollars to fight off the greatest recession since the 1940’s. The world’s countries and their economies are joined at the hip and are incredibly still deeply in debt.

Voters Need to Remember the Problem with the Bush Economy

Is No One Knows Where The Money Went, there was no accounting of where the money actually went, to which banks.
It was the Fastest Scam on Earth of the American Taxpayer that still irritates most Americans each day. The loss of jobs, homes, lives and most of all the future of our children all came crashing down will never be forgotten.

This is what President Obama Inherited

 Going back to the Bush Economy goes something like this:

Cameron World Economy in Danger

Cameron World Economy in Danger

Not exactly exuding confidence, the Eurozone crisis signals a “Moment of Danger” says David Cameron the Prime Minister of England today.

Cameron discussed the world economy with a reporter from the BBC, forecasting dark clouds on the horizon in a more economic gloom and doom scenario if the Euro dollar is not stabilized. The facts remain that the European countries are falling like a domino effect since they are all tied together what affects one country will ricochet to the others, causing a world economic calamity.

Cameron World Economy in Danger

Cameron seems to blame the EU for the UK stagnant economy and as a result of conservative plans to dice up UK pensions, 35,000 workers, teachers and the like protested his last conservative conference in Manchester. He also stated that the German and French markets are also stalling which affects Britain’s state of their economy.

It is quite clear that European leaders do not know what they are doing, cannot stimulate their economies and are bailing each other out to survive. Cameron is not ready to fully integrate the UK into the European Union totally and hedging until all markets are stable which is currently impossibleCameron World Economy in Danger

 

Cameron World Economy in Danger

The whole engine that drives economies lies within consumer spending however, this is hampered by low wages, lack of jobs, jobs migrating overseas and we see it happening globally. While China’s economy is blazing ahead at light speed, Europe and North American economies especially the United States are regressing backwards into lower incomes, joblessness and permanent stagnation.

In all that has occurred since the US 2008 meltdown now four years ago, there has been no corrective action to stop it from happening again. The financials are the life blood of the countries involved and allowing a semi-regulated casino in the US is at the heart of the instability.

Source: BBC -UK Economy

Asia Pacific G-20 Leaders Meet in South Korea

Nov. 13, 2010 The World Leaders arriving at the G-20 Meeting in the Japanese city of Yokohama after meeting in South Korea where the currency dispute broke out with China.

Free trade is a hot topic in this round of talks and how to grow the world’s economy with the group known as APEC – the Asia Pacific Economic Co-Operation.

Today Saturday November 13, 2010 the talks are expected to concentrate on a treaty called the TPP -the Trans Pacific Partnership. More trade treaties are written which join the global community but as far as fairness in the dealings the US is not gaining economic ground.  China’s manipulation of its currency and refusal to open its markets to American goods is causing a trade imbalance which is harming the United States.

With billions of dollars at stake the US buys more exports from China, than China buys from the United States and President Obama failed to open the doors as have other US Presidents to their 1.5 billion consumers.

It appears that the US has lost the trust of the global community in handling its own financial affairs and still has not put its house in order financially. Today two years after the meltdown in 08,  more Americans face foreclosure by banks who are forcing homeowners, out of their homes without documentation.

The trade treaties do not prevent other countries from not buying US goods but the Asia Pacific countries expect the US to open their markets, after all Americans consume more imported goods including food than any other country.

Obama Meets with PM. Kan of Japan -Looks like he Had a Good Time

Another country, another photo op for the President but hardly any solid results in correcting the trade imbalances and pumping up the economy at home.

Meanwhile protesters are arriving in Yokohama to set up camp to protest the world globalization as they did at the last summit in Toronto Canada.  The cost to Canadian taxpayers for that G-20 was 1 billion dollars which the Harper government could ill afford.  Governments are still spending like drunken sailors while taxpayers are being taxed more each year, which puts less money in the economy for businesses to be profitable.

To-date  Obama has traveled to four countries to peddle US goods from India, South Korea, Japan and Indonesia stating he has “deepened friendships” however that does not translate into jobs or dollars for the US economy.  This was not a “friends” tour but seriously the security of America is financially at risk as well as its future prosperity.

There is a trade imbalance and the fact that China’s trade surplus is 3% this year has more to do with American’s tightening their belts and buying less from China due to the recession.  The United States should consume less of China’s products and export more to other trading partners.

China’s currency has risen 25 percent over the US dollar and calls for China’s dollar to become the world currency have not gone unnoticed by the world.  China after all has the money to call the shots now that the US is in a financial ruin of its own making and of which it has not recovered.  The old saying ” always hit your enemy when they are at their weakest” fits the current economic situation.  But if China continues on it’s path to become the world’s leading currency the Americans are too busy fighting each other to do anything about it.


Tags: World Leaders Meet in Japan for another G-20 Meeting, Obama making Friends-does not bring home the bacon, economic treaties and trade imbalances, China’s Currency manipulation, President Obama globe trotting, economy, global economy, globalization.