USA economy

NBC won't tell you, but I will. Obama just turned the corner on the economy, and I don't mean in a good way.

"What is required is a commander in chief that's looked at like a commander in chief in a time of war," Buffett said.

The coverage of his interview on CNBC is remarkably devoid of long quotes, and if you saw the interview, you'd know why--Buffett was singing a funeral dirge, predicting high double digit unemployment, but more importantly being distinctly, if mildly critical of the Obama administration's response to the crisis.

The media coverage is remarkable consistent--only reporting the most mild criticism and contrasting it with Obama administration official's arguments for patience as well as the inevitable point that the president is still popular.

Well, they have to say something, don't they? Buffett is actually a latecomer to the party, but he's nevertheless a bellwether. His criticism, like Walter Cronkites criticism of the Vietnam war, is a sign that Obama's policy, and its arguments, have failed.

Just as important; the issue has turned from who is to blame for the situation (why Bush of course!) to who is to blame for not solving it.

What we're seeing her is the establishment of a media meme, not unlike the infamous 13 words in Bush's 2003 State of the Union address. The effect built over several months, but it marked the moment when the media turned from a largely suppportive-slash-timidly critical role, to the recently concluded pogrom against Bush. Notably, that controversy was also a matter of important players (the CIA) breaking ranks.

Think I'm overstating the case? Consider that as the consensus about our economic prospects are congealing, the media is getting comfortably quoting the most extreme doomsayers. Nouriel Roubini vaulted to prominence by predicting the current economic climate, and is currently predicting a 36 month recession.

The real question here is what the Obama administration will do? Clearly their hope was to push through a far-left political agenda under cover of a massive economic crisis (which incidentally, they screamed bloody murder about after 9/11, when they thought Republicans were doing the same...). The economy would recover by the end of the year, or early 2010 at the latest, leaving them well-positioned for the mid-term elections.

There are signs that Obama has an escape hatch in place.

US Treasury Secretary Timothy Geithner is practically alone on the job, working night and day to cope with the worst economic downturn in decades.

Of the 15 key Treasury Department positions that require Senate confirmation, only one has been filled. Stuart Levey, a leftover from the previous administration, who as under secretary of the treasury for terrorism and financial intelligence, is not central to the crisis management however.

Its more than a little odd that Geithner has no staff when the President has comfortable majorities in Congress, unless of course Obama is setting up a scapegoat. Its hard to imagine a better one--already reviled as a tax dodger, with no political constituency to back him up, he's a perfect patsy.

That's hardly going to be enough though. Obama is faced with an policy U-turn more drastic that Clinton's embrace of welfare reform in the nineties. His assets are a compliant state media who could spin tax cuts for the rich for their Messiah, but the liberal-left base would not be fooled. Destruction of the free market system is a religious tenet. Obama would be creating serious political problems for himself and the party.

The decision requires someone who can be brutally honest with themselves about political realities. Bill Clinton was well-suited to his similar dilemma, coming from a mixed political environment where success was based on that skill. Obama's political education couldn't have been more different. He's been groomed for success by mentors since his earliest days at Columbia. His decisions have always been about how to avoid choosing any evil by voting present, disqualifying his opponents and message control. In all likelihood, Barack Obama has never had to make a real choice.

My guess is that he'll go with what he knows, which will be to try to disqualify his critics and avoid having to change anything in his program, hoping that the predictions are off-base.

It truly is a historic presidency--no one has ever raised the draw bridge within the first 100 days.

 WE MUST GET THIS RIGHT THE FIRST TIME.. In the private sector! 

THE ECONOMY and MEALER COMPANIES SOLUTION... the ONLY viable plan.

The economy has not disappeared due to one problem, but several problems. The main problem is also the solution with which we will revive the economy.

Everyone must agree that with the best mortgage, the safest mortgage and the best loan possible... Not a single man or woman anywhere can purchase on credit without a job. good paying jobs at Walmart or Home Depot selling Made in China junk or scrap lumber will secure a loan... especially with the lay-offs we see today and will see tomorrow.

USA jobs, mainly in the manufacturing sector is the solution and I have the means to get there.... I won't waste breathe or your time with too many details of this solution that MUST be instituted in the private sector now. There are so many "experts" out there who come up with bad ideas... I am not an 'economic expert' who has polished seats with his/her hind-end more than having done anything else.

This plan I worked out was done so as to offer a replacement the fuel taxes that Mealer American Motors Corporation automobiles would eventually do away with. *MealerAMC autos also act as home power sources...

The government (of any country) would lose hundreds of billions in fuel tax revenue and have no decent way to re-gain it. The 3R changes that!

If you can now grasp why I have put extensive researched into this plan, you can read on....If not.. Start over and read slowly.

All communities nationwide would gain immediate revenue from these training programs and local community colleges would benefit as well.

The Mealer (aka McCain) 3R Economic Energy Plan entails utilizing the millions of vacant buildings (like old Walmart and stores that were put out of business by Walmart) as hands on training in USA MFG. America has thousands of '3R teachers' looking for jobs and many of them from old union killed businesses that are now in China and Mexico. No matter what the trainees build... It can be re-sold as Made in USA quality products. Does anyone remember the days when most products in America had that stamp?

Huge tax write offs for building owners do differ payments or donate buildings or years of lease amounts, plus fair write offs for equipment that is purchased and deferred. (I have spoken with several USA tooling companies and they are thrilled to work this way!)

Paid 3R Schooling is a great moral booster and means even more American jobs.      Paid?     Sure..      The students are paid to learn as per federal and state higher education/school programs, PLUS they earn a percentage of the products that are sold. Once again, I checked... Even 'evil' Walmart will stock these goods... If some slave labor Red China Communist or a poor child in a sweatshop can build the Chinese junk we buy today... A skilled (and learning) adult American can do better.

Another huge revenue source is packaging these small private businesses as commodities (...checked... it's legal) and selling them to the thousands of  "Speculators".. You know, like the crude oil speculators who helped destroy the economy we are now being forced to save?  "Packaged an group commodities" makes these businesses much less likely to fail, and I am certain teams or memberships will be formed to help one another when certain manufacturing is slow in demand.

These small businesses need not compete with the Walmart made In China craze that really killed the economy. They need not manufacture billions of 'widgets'... only thousands. There is no monopoly in the deal, just a great job to be had. This of course, is after the trainees are out of the schooling stages and several of them past the advanced business law schooling  -'quick classes' (they can learn as they grow the companies)... These people with the proformas would find the huge new class of investors looking for huge profits, take their packaged team of loosely collected USA MFG companies as one LLC or Corporation and put a lot of people to work.

For every USA MFG position, a new economy around that person would be created in food services, clothing, etc... including housing and local government. THIS IS HUGE.

Go ahead, find the problems with this plan (typos excluded)... I know your concerns.

I already have the answers and they are well researched and legal answers.

There is no other way to save the economy.

NONE!

 NOT A SINGLE VIABLE PLAN, except the 3R...

If you can find a better plan, I will buy it!

Just like Mealer Companies products and our non-fossil fuel, non-EV automobiles are the next phase for technical growth, this economy saving plan is IT for the future of America and the world economy.

No. Don't even suggest what you are thinking...Neither Mealer Companies, nor myself make a dime from instituting this plan and saving America... I refuse to.

 HOWEVER, I do plan to sell every American one of my cars and take us off the grid when possible...

 HOPEFULLY... See me on FoxNews soon!

 John Lewis Mealer

Mealer Companies