Sunday, November 29, 2009

Debate: Are Obama's Economic Policies Effective?

I just watched a 1-hour debate on bloomberg. The motion: Obama's Economic Policies are Effective.

Before the start of the debate, the audience takes sides with the following breakdown: 32% are for, 28% are against, and 39% are undecided.

The debate is rather interesting. The opponents made some good points, but I feel that they could have been more persuasive. What really surprises me is that they did not mention the issues of inflation,and currency debasement, something that will definitely strike a deep chord with the audience. The proponents, needless to say, made short-sighted arguments for the motion. They believed that the worse is over.

The result at the end of the debate: 46% of the audience are for the motion, 42% are against, and 12% are undecided. The proponents won the debate.

The opponents either do not understand the issue deeply enough, or they did not articulate their points properly. Inflation and currency debasement were their biggest and most crucial weapons, yet they did not use them. The proponents, on the other hand, are articulate, just like the mainstream media. Pure propaganda and brain-washing, without any deep substance to it. Unfortunately, the public only wants to hear good things, and they are not critical enough in their thinking.

Many other people would have done the job of the opposition much better. Guys like Peter Schiff, Ron Paul, Jim Rogers, Marc Faber, Gerald Celente, Robert Kiyosaki and Richard Duncan. Come on, these are the only few visible people who had correctly predicted the economic and financial crises over the years! I would rather listen to these people and learn from them! These people speak the simple truth, anyone can understand them, with some effort and due diligence.

On the one hand, I symphatize with the public, that they will soon face the greatest depression in history. On the other hand, I gawk at how ignorant they are about the world's economic and financial problems. On the one hand, I don't feel good seeing people go bankrupt, but on the other hand, it's a great chance for those who understand the great opportunity to profit from this.

Sigh =.=

No comments:

Post a Comment

 
Web Statistics