Sunday, November 16, 2008
Advancement or Not?
Sunday, November 9, 2008
Just a Speculation?
While talking to my dad a couple days ago, he brought up how much the stock market has dropped from Tuesday (when Obama was elected president) to Thursday. My dad thought it could have possibly been because Obama’s economic plans don’t favor big businesses. Investors know this, and if they think the businesses will falter because of this, they will sell their stocks. I wondered if this was the real reason why the stock market’s 1,000 point crash, the worst in a two day period since 1987, happened. I found a very interesting article that discussed speculations of the stock market’s crash linked to Obama. The article gives quotes and video clippings of people discussing their beliefs that the stock market crash is directly linked to Obama. One quote, from Fred Barnes, summarized my dad’s feeling exactly, “We have seen the stock market go down over 800 points the last two days. There is great uncertainty out there about [Obama’s] policies.” The validity of this statement was exactly what I was wondering. But the last paragraph of the article answered my question. It said that “the recent market plunge has absolutely nothing to do with Obama”. It used New York Times as support, “There were no clear catalysts that spurred the sell-off”. I was pleased to read this, because I was excited and happy to see Obama elected president. I thought it was interesting how Obama is already being the scapegoat for issues in our nation, though he isn’t even the president yet. This event made me wonder if it is foreshadowing how critics and news reporters will treat Obama in the four years to come.
Tuesday, November 4, 2008
True Promises?
Tonight at the dinner table, the topic of discussion was appropriately the election, seeing how America voted for a new president today. I was asking who my parents voted for and why they chose that candidate, which led to the topic of candidates positions on certain issues. After talking about Obama’s and McCain’s position on certain issues, I asked my parents how realistic they thought these plans were. My dad made a very interesting point about how he thinks that many of the tax and economic plans will get “watered down” because of the checks and balances that take place in our government. He thought that any plan would be leveled out because of the fairly even split in Congress. I thought it was interesting how closely related this comment was to what we have been discussing in class the past week. Last week we went over the Constitution of the United States, and discussed the checks and balances in the United States. For a bill to pass, it must receive 2/3 the vote in both houses. If a bill favors one party’s ideas more than another, it would be hard for the bill to get passed. This is why the bills would have to get “watered down” in order to be put in effect. Both my parents thought that their economic and tax plans were very idealistic because the bill they proposed would be modified and redrafted in order to get passed through congress. The chance that the final bill will be similar to what they propose is very slim. Overall, I thought it was interesting how much my dinner conversation related to what we’ve been discussing in class.
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