Hope is something that motivates a person to keep going in tough circumstances, against all odds, fighting despair and struggle; even if the person knows he would not be any better placed than the person next to you.
There are no words that sum up the fate of mankind like now immortal phrase of John Maynard Keynes: "in long run we are all dead." Nothing has occurred since to change the nature of the quote but with each passing day, it’s just getting prophetic. Just like other prophets before him, Keynes has lots of support from economists to laymen.
The inauguration of Obama was the most anticipated event of 2008, the wait for Promised Land, the change to help us ashore on the drifting waters, the one who can fill the position of the great leader for the world. Such, was the anticipation of change that many expected Obama's inauguration, and timely triggered rally to be the end of all the chaos and plague that was wrecked on the people by last and apathetic administration. Few weeks into administration, those dreams are bust.
Obama's presidency though was never seriously expected to be an economic silver bullet. It was however expected to be a drastic and clear break from the rustic economic wisdom that governed previous administrations. The dreams seem to stand on shaky legs because it is hard for ideologies to be broken, especially when the office bearers are related to the greed.
Against all odds and senses Obama pushed for (or had to (?)) a massive budgetary deficit aka stimulus bill. It makes sense to pump-up the economy and prime it for another bull run but as the father of these reflation policies Keynes said: "in long run we are all dead"
Yet, against all odds, we cling to hope.
A very good visualization from Washington Post highlighting the break-up and expenditure of the stimulus bill.
Btw, while we are at it, look at the biggest bubbles and you know they are the next source of your business and profits.
There are no words that sum up the fate of mankind like now immortal phrase of John Maynard Keynes: "in long run we are all dead." Nothing has occurred since to change the nature of the quote but with each passing day, it’s just getting prophetic. Just like other prophets before him, Keynes has lots of support from economists to laymen.
The inauguration of Obama was the most anticipated event of 2008, the wait for Promised Land, the change to help us ashore on the drifting waters, the one who can fill the position of the great leader for the world. Such, was the anticipation of change that many expected Obama's inauguration, and timely triggered rally to be the end of all the chaos and plague that was wrecked on the people by last and apathetic administration. Few weeks into administration, those dreams are bust.
Obama's presidency though was never seriously expected to be an economic silver bullet. It was however expected to be a drastic and clear break from the rustic economic wisdom that governed previous administrations. The dreams seem to stand on shaky legs because it is hard for ideologies to be broken, especially when the office bearers are related to the greed.
Against all odds and senses Obama pushed for (or had to (?)) a massive budgetary deficit aka stimulus bill. It makes sense to pump-up the economy and prime it for another bull run but as the father of these reflation policies Keynes said: "in long run we are all dead"
Yet, against all odds, we cling to hope.
A very good visualization from Washington Post highlighting the break-up and expenditure of the stimulus bill.
Btw, while we are at it, look at the biggest bubbles and you know they are the next source of your business and profits.
Related: Where is the change
Comments
Post a Comment