Thursday, June 19, 2008

Optimism in the economy.

http://dilbert.com/blog/entry/the_economy_and_common_sense/

A comment from Real Live Girl was interesting. She noted that the economy is fueled by optimism, and Obama brings more of that. Those are two true statements. But is all optimism the same? Wall Street veterans believe the market would go up if McCain gets elected. Lower taxes make the titans of business the most optimistic. Raising their taxes and transferring the money to worthy social services might make lots of people feel optimistic, but that isn't the optimism that fuels economies. An unemployed guy can't get too optimistic until a rich guy gets optimistic first and builds a factory he can work in. McCain makes rich guys optimistic. Obama makes students optimistic. Which approach stimulates the economy more? Beats me. You don't know either.


3 days after Hillary Clinton stepped out from the Democratic nomination race, Obama said he was a free-market guy. So what is it actually? Will he be laissez-faire or be more progressive, raising taxes and renegotiating for less free free-trade agreements?

Either way, I still hope that Obama will win the presidency really because that itself will make history, and it'll make a (hopefully positive) impact on America's image from the perspective of the rest of the world.

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