Believe me, for Barack Obama to have been elected President of the United States, millions of people overcame their prejudices. The reason that they overcame their prejudices is irrelivant. The fact is that they overcame their prejudices. And, to paraphrase Sir Winston Churchill, if the United States lasts 10,000 years, November 4, 2008 could very well be its finest day!

If you want to talk about class, both Barack Obama's acceptance speech, and John McCain's concession speech were pure class. But, I have never seen more class than I saw in John McCain's concession speech. The man has class, and so does President Elect Barach Obama!

Let us hope that in the future the world can overcome its prejudices!

But, this is my opinion, and I want to know what your opinion is.

What do you think?

Cnnek

{You Can Teach A Person How To Think Or What To Think! But, You Can't Do Both! It Is Better To Teach A Person How To Think!}

I want us to have a practical discussion about the future in terms of what can be done to creat a better future. What are the problems, not the outward manifestations of the problems; but, what are the problems themselves? What, from a practical perspective, can be done to solve the real problems? In my opinion, the problems require practical solutions, not idiological, and/or philosophical solutions! Furthermore, in my opinion, real problems need well thoughtout practical solutions, not fly by night solutions based on principles! But, I do not wish to limit the discussion in any way. So, I will include my own thoughts, and opinions a few at a time in my responses.

What do you think?

Cnnek

{You Can Teach People How To Think, Or What To Think; But, You Can't Do Both! It Is Better To Teach People How To Think!}

A: With The Pork In The New Revised Economic Recovery (Bailout) Plan.

Once again, the U.S. Congress has managed to make a bad plan worse. How did they manage to do this? They reverted to the old fashioned way of getting votes, Buying Them With Pork!

This financial crisis is the result of a much deeper economic problems. The drop in the housing market, the credit crunch, and the resulting liquidity crisis are just outward manifestations of deeper economic problems. I don't want to write a book on TDG about why the origional Economic Recovery (Bailout) Plan wouldn't work and the new one is worse. But, I will give three reasons, not the only reasons.

1} The origional Economic Recovery (Bailout) Plan did not address the deeper economic problems that need to be solved; but instead, it covered them up with legislative cosmetics. There isn't a make-up artist in the world who can do a better make-up job than the U.S. Congress did!

2) The assets that the Treasury Department plans to buy are between very difficult and impossible to value. So, the Treasury Department will almost certainly over pay for them, and many of them will almost certainly be worthless or next to worthless. Furthermore, the U.S. Economy will still come down; because, nothing is being done to solve the problems. Political survival is more important. Some private citizens, however, are trying to deal with the real problems, i.e. George Soros and Warren Buffett.

3) The above can also be said for the New Revised Economic Recovery (Bailout) Plan. But, it's worse. Besides the fact that most of the pork in it has nothing to do with economic recovery, it will cost the tax payers atleast another $20,000,000,000. I admit that there are some short term benefits for the middle class and the lower class, and I'm happy that they are getting them. But, the U.S. Economy will still fail and everybody will lose everything in the long run! And, this is not my idea of what an economic recovery plan!!!!!!

Doing it their way, in my opinion, the U.S. Government is going to end up spending about $3,000,000,000,000 to bring down the U.S. Economy in five years or less.

The Bush administration is insisting that executives, especially CEO's, of failed companies that ask for Federal Government assistance be allowed to keep their severance packages worth hundreds of millions of dollars. These people are guilty of, to say the very least, very, very,...very poor management. Thinking that they would get their fat severance packages when it was time to leave or retire from their companies, and knowing that they would get their fat pay checks while they were still working for their respective companies, casually gambled away their respective company's money on very bad investments. It didn't take a genius to know that sub-prime loan mortgage backed securities would default sooner or later. In this regard, we must praise Goldman-Sachs. Goldman-Sachs sold all of their mortgage backed securities, sub-prime and prime, before their ever was a crisis! So, let it not be said that nobody knew that this crisis was coming, or that the banking industry doesn't have good people in management. But, what executive managers seem to forget is that at the end of the day they are just high ranking company employees, not gods. And, any employee that refuses to do their job efficiently should be fired without compensation. Furthermore, any Board of Directors or anyone in company management that promotes employees to their highest level of incompetence instead of leaving them in positions at their highest level of compitence deserves to be summarily fired without compensation also. But, President George W. Bush, whose competence is very questionable, thinks that these executive managers, mainly CEO's, should get their multimillion dollar severance packages that they most assuredly did't earn. This to me is Bull Sh$t!

J.P.Morgan has gotten approval to pay the shareholders of Bear Stearns $10 per share instead of the origional $2 per share. Has what origionally appeared to be a fire sale become a bail out? Should the U.S. Federal Reserve be using $30,000,000,000 of taxpayer money to provide a line of credit to J.P.Morgan in order to get J.P.Morgan to buy Bear Stearns at any price? Should Bear Stearns have been allowed to go bankrupt? Shouldn't managers of failed companies take responsibility for their mistakes? Do you think that this increase in price per share from $2 to $10 will result in more layoffs in the long run? When a conservative right wing U.S. Government is supporting an action like this, "What does it tell us about the U.S. Economy?"

What do you think?

cnnek

{You can teach a person what to think or how to think; but, you can't do both! It is better to teach a person how to think!}

2008 is going to be a rough up and down year of adjustment for most of the world's economies. The economic situation in most of the world is going to be rather good after that. But, the United States Economy is going to suffer in the near future, and be hurt even worse by stagflation in five or six years!

What do you think?

cnnek

Guys {Non-Gender}

There is plenty of room for debate; but, let's remember that most food contains chemical additives and that foods themselves are chemical compounds!

http://www.washingtonpost.com/wp-dyn/con...

What do you think?

cnnek

{You Can Teach A Person How To Think Or What To Think; But, You Can't Do Both! It Is Better To Teach A Person How To Think!}

The big bang theory is a theory that focuses on the evolution of the universe that we live in now. Yes, Einstein's postulated a big bang; but, there are other possibilities. This link discusses one of them.

http://www.physorg.com/news102516861.html

Quarks are a building blocks of matter, i.e. protons and nutrons. But, the word "Quark" does not come from science. It comes from Irish Literatury, James Joyce's story "Finnigan's Wake"! Does anyone know the origional meaning of the word? Could it have been a monitary unit, weight, etc.?

What do you think?

cnnek

{You Can Teach A Person How To Think Or What To Think; But, You Can't Do Both! It Is Better To Teach A Person How To Think!}

This is a great set of Bushisms and I want to share them!

http://www3.telus.net/linguisticsissues/...

What do you think?

cnnek

{You can teach a person how to think or what to think; but, you can't do both! It is better to teach a person how to think!}