Better for the economy....McCain or Obama?

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Ryan Steele

Real Estate Investor · Chicago, Illinois

957 posts
96 Influence
3 Awards

Icon_minipost Jul 11 '08, 10:26 AM

It won't matter who gets elected. The President doesn't enact laws. The congress is what matters. If you look back at when our economy took a major nosedive, correlate it to what happened at that time in Congress.

HINT it was 2006...

Edited: 06/26/2010 at 05:30AM

BEN POTTER

Real Estate Investor · Scottsdale, AZ

3 posts

Icon_minipost Jul 11 '08, 11:21 AM

Hit the nail on the head. The President can inspire the " people" to take action, ie. Reagan, but Congress is absolutely the main problem. I suggest the " people" garner the guts to impose term limits upon Congress since the " good old boys club" certainly never will. In fact I am a fan of only one term. That way no need to worry about money for re-election, kissing any a$$, or power plays thru seniority. Actually the " people" already know Congress is the problem, just look at the poll numbers. Congress has lower approval numbers than Bush. Congress is supposed to serve US not make a career out of that service. We simply need to start sending them home. I would like to start with Byrd, Kennedy and any other jerk who had been there for 10+ years. Sorry for the rant but you hit a sore spot with me. And... don't even get me startsd about legislating from the bench!!!

Edited: 06/26/2010 at 05:30AM

Matthew Gil

Real Estate Investor

342 posts
711 Influence
5 Awards

Icon_minipost Jul 11 '08, 01:55 PM

Man, I love it when given an opportunity to rip on a certain politician that rose through the ranks of " the machine" in my own backyard. But, I won't this time.

Honestly, it will have little affect. I am going to continue to invest the same way no matter who gets sworn in in January.

Edited: 06/26/2010 at 05:30AM

Chuck Stone

Developer · Hattiesburg, MS

5 posts
2 Influence

Icon_minipost Aug 05 '08, 11:25 PM

I have to agree with the board for the most part in that it won't make a large difference who gets the job. If I had to take one over the other, I'd take McCain as Obama seems a bit more radical and unproven. He could create uncertainty and doubt, which hinders people sometimes from doing anything at all.

Chuck

Edited: 06/26/2010 at 05:37AM

Joyce Robinson

Commercial Lender · Royal Palm Beach, FL

7 posts

Icon_minipost Aug 06 '08, 02:02 AM

I agree, it doesn't matter who wins, congress is our big problem. Why on earth are we bailing out Fannie Mae and Freddie Mac? These are private corportations that should just go belly up and let their shareholders take the loss. Fannie Mae's CEO makes 19MM a year, for what? the company went south. I do not know enough about Obama yet...I have not made up my mind.

Edited: 06/26/2010 at 05:37AM

Mark Brian

Real Estate Agent · Anderson, South Carolina

313 posts
2065 Influence
6 Awards

Icon_minipost Aug 06 '08, 09:57 PM

Hard to say since they are politicians running for office. They will say whatever they think the voters want to hear. Hindsight is always 20/20 when it comes to politicians, sometimes it takes years to see the reults of what they did or did not do.

Edited: 06/26/2010 at 05:38AM

Marco Deguzman

Residential Real Estate Broker · Ladera Ranch, CA

11 posts

Icon_minipost Aug 14 '08, 07:35 AM

is it just me or is it coincidental that when the dems are in office the country seems to grow a little better?

Edited: 06/26/2010 at 05:41AM

Account Closed

805 posts
380 Influence
2 Awards

Icon_minipost Aug 14 '08, 07:43 AM

Originally posted by Chuck Stone

If I had to take one over the other,

Like it or not, we do have to take one or the other.

Use wisely your power of choice.

Edited: 06/26/2010 at 05:41AM

Sherrill Skanes

Renter · CA

15 posts

Icon_minipost Aug 18 '08, 09:45 PM

Originally posted by Marco Deguzman

is it just me or is it coincidental that when the dems are in office the country seems to grow a little better?

Depends on your definition of "growth," "better," and......"sex". :mrgreen:

Edited: 06/26/2010 at 05:43AM

Michael Shadow

Multi-family Investor · Bellefonte, Pennsylvania

1042 posts
968 Influence
9 Awards

Icon_minipost Aug 18 '08, 10:07 PM

Bernanke will still be in charge of the US next year.

Edited: 06/26/2010 at 05:43AM

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Michael Shadow

Multi-family Investor · Bellefonte, Pennsylvania

1042 posts
968 Influence
9 Awards

Icon_minipost Aug 19 '08, 06:42 AM

You still running?

Edited: 06/26/2010 at 05:43AM

Josh Morgan

· Winter Haven, FL

10 posts

Icon_minipost Aug 19 '08, 01:23 PM

I don't reaIIy care who ends up with the presidency this year.

Edited: 06/26/2010 at 05:43AM

Jeff Tumbarello

Real Estate Investor · Fort Myers, Florida

949 posts
3130 Influence
6 Awards

Icon_minipost Aug 20 '08, 09:12 AM

Originally posted by Michael Shadow

Bernanke will still be in charge of the US next year.

Bingo!
Uncle Ben is doing all he can. he knows what we are up against.
the election is funny. We have a communist that is trying to look like a socialist and a socialist who is trying to look like a capitalist.
Anyone who wants to be the president should be allowed to. Just grab an old man from the counter at the diner. :idea:

Edited: 06/26/2010 at 05:43AM

Jeff Tumbarello

Real Estate Investor · Fort Myers, Florida

949 posts
3130 Influence
6 Awards

Icon_minipost Aug 20 '08, 09:17 AM

Originally posted by Marco Deguzman

is it just me or is it coincidental that when the dems are in office the country seems to grow a little better?

It appears that way because AG played with the Fed Funds rate to benefit the Dem's. FYI, I am a Libertarian. The Dem's are not liberal enough for me; the Republicans are not conservative enough for me. Where is Carl Jung when you need him?
Go back and look.
Every time the Fed Funds rate breaks 5 percent, it becomes a drag on the economy 9 to 12 months later. Most corp.'s are 80 percent leveraged with a 5 percent bottom line.

Look at the rate changes when AG ran the Show. 9 to 12 months out from an election he starts playing with the Fed Funds rate.

He inflated his way out of a recession in 2001 and now we are paying the bill.

Edited: 06/26/2010 at 05:43AM

Matthew Gil

Real Estate Investor

342 posts
711 Influence
5 Awards

Icon_minipost Aug 22 '08, 12:10 PM

Looks like Biden is Obama's VP choice.

A safe bet that adds foreign policy experience and balances out Obama's lack of experience. However, adds nothing to the economic plate.

Edited: 06/26/2010 at 05:44AM

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