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Reply #23: Thank you for a well thought out response [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-31-09 05:11 PM
Response to Reply #19
23. Thank you for a well thought out response
I'll take what you said into consideration as you are one of the more thoughtful and rational posters on DU. In addition you are capable of orignal thought.

The scariest thing going on in my area right now is distribution centers are closed. Allentown was a major manufacturing area but evolved into an inland port of sorts for New York, New Jersey, and South Eastern PA. The location is ideal from an interstate rail prospective (the industrial rail from the Bethlehem Steel days never went away). When I drive through that district of the Lehigh Valley there every week there is a new for lease sign going up.

I have some strong misgivings about the economic policy. The regulatory framework, the stimulus, and the set of advisors. I honestly see a little bit too much optimism in the administration and I fear they are making Hoover's mistake of under estimating the problem and over estimating the solutions that they are implementing. Time will tell, but I can tell from the Janaury/Febraury 8% unemployment number quoted they were caught off guard with what has happened and is continuing to happen.

With the current congress it might not be the administration it might be lack of political will to do more and the administration is pragmatic with what it tries to propose not wanting a failure.

The mandate issue I think will be struck down by the supreme court.

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