The Last Bubble-Barack Obama

A very good article written by Martin Lefevre.   I don't know how many people really understand what Martin says.  I don't blame you.  Because I don't understand what Hillary Clinton said about "smart power" to revitalize our diplomacy.  I was trained in this field and don't even have a clue to know what she said. (NOTE: Does that mean you are smart so long as you label yourself as those MBA Wall Street fats or NAR "elite" such as Lareah or Yun did; and, then, nobody can call you "stupid"?)

There are 3 major economic depression in the history of America.   The most people know is the second one that happened in 1930'.   I assume everyone knows what the 3rd depression is.  That is the one we are currently going through.   How about the first one?  When it took place?  It happened in 1837. 

How we solved the first two?   Everyone has his opinion.   To some intellectuals, we solve them in our ancestor's conventional way.    What is that?  By WARS.    See, our 4 year civil war killed the 1837 depression.   It took us the other 4 year the WWII to cure the 2nd one.  Do we need another 4 years?   If that's the case, I don't know exactly how long it will take.  But if all the parties do their best as those wars, it will probably take only 4 seconds or minutes to cure "bad everything."  The Earth will disapper; and you or depression?  No longer do we have to talk about any problem, let alone "bubble."

(NOTE: In case that you still believed in "TARP bailout or other public spendings" in Obama's plans; and believe in what those politicians are taking by the name of "Keynes theory," I would like to add the table of unemployment rates in the last depression for your reference. 

Please ask yourself: Is there any sign of economic recovery after FDR implemented his "New Deal" for 10 years?  If yes, why were those unemployment rates still so high and refused to come down, until we involved into WWII?  If it was not effective last time, what make you think it will work this time?)

Certainly, a 3rd World War is out of question.  Is there a better way to do it?  Anyone has the idea? 

At this moment after observing Obama's plans, I am sorry to say our economy is not going to revitalize overnight and Obama is almost for sure another president on the far right side in the picture in Martin's article.  Yes, I am saying that Obama is another Pres. Jimmy Carter.

Don't believe me?  No problem, we will see what happens in 4 years.  (Note: I'd like to have a hint for you.  Please go check the year 1789 when the French revolution broke out; and see what Napoleon had done to not only change his country's direction into a glorious one, but to move the whole Europe forward 50 years in his 15 year French empire.  His empire is the last one before Pax Britain among those 43 empires in the human history.)

A real hero changes his times by his brain full with ideas and plans to lead, not to be lead.

NOTE:  It is so easy to say to make the economic distress "the last Bubble."  Talking about treatments to cure a cancer, there are so many ways to do it.   Theoretically you can kill all the bad cancer cells and claim it "the last cancer cell" by killing a live person.  That's right.  That's one of the options to do it. 

Same is true in dealing social or economic distress.  A communist can say his party make all the hookers and gangsters disappeared.  Why not?  They kill all the private economic activities and control all the production means.  Who has the needs to be a prostitute standing in the cold street like tonight?  Yes, almost all the communists brag themselves for their achievement to solve these two problems existing thousand years in our human societies.  Did they really accomplish something?