Letter to the Editor Chicago Tribune: Why I would endorse Obama

It’s been a long time I’m pondering on whether endorsing Obama or not. As a European citizen, German, living in Italy since 2000, I achieved a much larger view of problems inflicting not only European countries but also the United States. Progress in free market in based on competition, isn’t it? But political progress never got linked to the progression. In fact, politicians often ruled (and are still ruling) market success or failure.

Barak Obama is seen as a person not be able to sit on the US-President’s chair in the oval office. We know that he got launched from provincial or state politics to nation-wide and international issues when accepting to run for the white house. I’m not sure if he will fulfill all the expectations people have tagged on him. In addition he won’t be the “one-man” ruler to decide future American decisions. Congress, Senate and other institutions will advice, guide and guard him. He won’t never be in the position to initiate “ad personam”.

The key fact we have here is that Obama is “new”. And human nature (due to education or just by the way we live our existence) is always considered a threat to the “normal schedule” every one has to complete day by day (Society, Points of View, etc.).

If the US still believe to be the leader then a courageous decision must be taken. Europe and other Western-oriented countries still receive waves the “American-Way-Of-Live” is sending out. This opportunity might be the right way to guide the US back on it’s railway track to a more “American-Spirit” way, the spirit that spread democracy, equality and freedom to the Western world….

Missing this railway track could lead to a more hostile environment, not only for the US, but for all of us children of Democracy.
Source: Chicago Tribune Opinion


Andreas Ahlen
Email: mysay@inbox.ocm
Web: http://www.andyancona.com

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The “Originate to Distribute” Basle Banking Model Created the Banking Crisis

Read this article:

http://beyondmoney.wordpress.com/2008/09/30/how-the-international-banking-fraternity-created-the-present-credit-crisis/

By Christopher M. Quigley, B.Sc., M.M.I.I., M.A.

– – – – – – – – – – – – – – – – – – – – – – – – – – – – –

My comment to his article:

Dear Sir,

basle-banking-system

basle-banking-system

I was thinking about all this “high-level” steering for a long time. And I know that the financial system is almost “unlinked” like the politicians to realize the real world. Liberalism on the markets were good as long as “shadow-moves” of credit exchanges work. What we see (just look out of your window) is a world focused on consumerism and egoism. To make money,no matter how.

Finally I’m really concerned about the next crisis. Today the financial sector, tomorrow maybe the raw materials and raw commodities (rice, corn, grain ) sector nowdays also under siege by speculative transactions in buying and selling. Commodity prices rose up to 40%. We will face a real threat if one day these basic products will be denied to people in emergent and poor countries. Then we won’t fear our savings, but our life, because when these billions decide to throw the ball, the real 3rd World War will gloom…

Andreas Ahlen
http://mysay.newsvine.com
mysay@inbox.com

The Bail-Out or the Pump-Out

Wall Street - World's Financial Center

Wall Street - World

What we’ve seen lately is an tremendous confirmation of what they say “The Big Ones Rule”. Despite the emergency Wall Street plunged in we cannot get friends of this Bail-Out plan under a “blanc cheque” aspect as we (the people) are and we will be the prey of the financial system. But financial need us to run the entire system (as shown on Situation Room at CNN). Ok, the whole system is more complex than shown in the transmission. It’s hard for me to understand why the “prey” of the financial system (the people) need to burn their tax money into the financial system to fix a mess the entire system did know about and shadows casted right since mid-2007?. Did Wall Street invite to share it’s earnings with the people their tax money they now urgently need? Why does the Senate approve not only the bill but also a $100bn tax reduction for financial sectors and businesses? Do the people always have to pay the mess of “bigger ones”? This Bail-Out Plan needs to be rewritten to focus not only on the emergency, but to rewrite the rules of market procedures, especially in the financial sector (transparency). The ones who need help (and earned loads of money on Wall Street, mainly those who contributed in mid/long-term to this dead end situation) must be forced to pay a solidarity tax (as in Germany) to contribute to the salvation of the system. If we fail to re-educate the financial system then future situations will always be charged on the tax payer and government. Without a clear re-regulation from the beginning we hand out “an all-time charge-me-up” card or “blanc cheque” to the business men

Administration lawmakers and their counterparts need to be very careful not to fire up the US citizens anger. The common people won’t easily understand why they have to be not only the “slaves” due to loans and mortgages, and therefore won’t accept why they have to run after the big financial firms to take them out of the mess.

An eventual Bail-Out plan should disburse money in a reasonable matter. I think a plural-step injection should be considered. Step after step after hitting certain conditions. $150bn immediately, with relevant focus on social subsidies to poor ones got stroked by the meltdown. Disbursing should be scrupulously monitored when given to financial firms in trouble. And 20% of the gains these companies would have should return as “Bail-Out”-Revenue tax. $200bn should be hold as a reserve and disbursed in a 2nd phase of the Bail-Out plans. I leave the details to more competent people. But remember: if ww sign to troubled companies to have the full $700bn dollars then they would think about it like a “gift”. But setting up clear points they have to meet to get the 2nd disbursement for their rescue and monitoring the reconstruction of troubled companies would have an additional point to make these CEOs work out real rescue plans.

Don’t make this Bail-Out seem to the people like a taxpayers Pump-Out…

Andreas Ahlen

http://mysay.newsvine.com


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