To all my KS brothers and sisters:
I have put up some websites that describe candidates for both parties running in the primaries this August.
Republicans (lists both candidates): http://www.uselections.com/ks/ks.htm
Get out and vote August 3rd!!!
Photo Credit: http://www.taurusandpisces.com/video.php
A New IMF report states that banks need more capital in order to start lending again. This does not come as a surprise because most economists have predicted that this is a necessary part of economic growth. My warning: unless more stimulus is given states will have to cut budgets and banks will freeze lending. That will hurt the economy more. I am not an economist, but I think that it would be best to put at least some capital into the economy such as another smaller stimulus package. Though this view is a minority one, I think that is a necessary venture. The IMF estimates that $69 billion is needed in capital to stimulate banks.
With the President’s political capital diminished gets getting actual capital is very slim.
IMF Report Article: http://www.bloomberg.com/news/2010-07-30/imf-says-u-s-banking-system-might-need-as-much-as-76-billion-in-capital.html
I have already written about a possible revitalization of a Pakistan/U.S. relationship via China, but after the recent release of the wikileaks documents many are speculating that the relationship forged between the two countries is less than a perfect or good one. I agree with that assessment. New analysis by the Pew Research Center says that approval ratings of the U.S. overall are not in a good position. Some of the findings include:
- Obama’s policies are not positive with the U.S. so far.
- India is seen as a greater threat to Pakistan than terrorism
- The government in Pakistan is not highly approved
- The economic situation appears bleak to the Pakistani’s
- 84% of Pakistani’s have a favorable approval rating of the Chinese
What many have questioned so far is if the U.S. is doing the right thing in helping Pakistan because they seem to want to fight us and the terrorists. This is not surprising since these groups often use the same strategy of fly by night help the village that was used by the VietCong during the Vietnam War. If you are going to have groups that provide those kinds of services and your economy is in shambles of course you will support them. I will not recommend remedies for Pakistan, but I think maybe some type of multilateral forum would be nice.
Obama’s newest strategy apparently is to take the sheriff of Mayberry and use it to promote his newest program. As funny as this looks, I do not think it will persuade any seniors love the changes to Medicare.