Barack Obama: Teacher not Preacher

One of our TV presenters has just suggested that there was a fair bit of evangelical fervour about Barack Obama’s victory speech. What really impressed me was that he didn’t rev up the crowd. He chose not to join their attempts to turn the slogan “Yes We Can” into a mindless chant. He challenged them with ideas not theatre. His performance was controlled and rational. He is the teacher not the preacher.

For world reaction please see President-Elect Barack Obama: The blogosphere reacts

Kevin Rennie

Midweek Mayhem!

Welcome to Midweek Mayhem,

The place where we get to talk about anything and everything – now with new and improved politics, by popular demand.

Perhaps we can talk about the fall out of the US election…?

Also, I haven’t been made redundant yet. Praise the Lord!

The Reserve Bank has slashed interest rates by 75 basis points (or point seven five of a per cent, for those of us, myself included, that don’t understand the difference between “basis points” and “per cents”), which some are seeing as an indication of how desperate things are going to get next year – mass unemployment, fewer building approvals, lower retail spending and falling house prices. Pestilence, disease, rats, scurvy, mass epidemics, riots, fire from the skies.. You get the drill (or the tap and die set).

Do we have anything to be happy about? I think there is, but I can’t quite put my finger on it yet.

Anyway, you may as well laff…

Economy XV

Yesterday the RBA cut the rates by 75 basis points. Today the US elect a new president.

What affect will either or both of these have on the local economy? And will the new president have an effect on the world economy?

So – keep all discussions on the economy here.

Update: Market news from overnight

  • Dow up 3.28%
  • FTSE up 4.42%
  • Allords down 0.08%

And the Australian futures are currently up by 2%, so it could be a positive day on the Australian markets.


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