This mirrors/echoes one of my own arguments for backing Obama
That is the effect of the'bully pulpit'. While any President can try to be optimistic, some are just not very good at it, or in George II's case proved to be clueless. While Obama exudes the necessary confidence etc. to get people to some extent to ignore reality and regain their confidence. I think our situation is a good example of this: my company is well suited to weather the economy (the fact that they just announced that they will absorb the increased cost of insurance rather than increasing empoyee shares being a prime example) and Kim's working in a busy grocery store, we are not really seeing any personal effect of the recession. However we have been getting increasingly more cautious in our spending. But I think we will be less cautious now, especially with out Christmas spending for the kids. I am not saying we will recklessly rack up credit card debt, but we will be more likely to get the kids nicer presents.
And knowing that we have a President who will be doing his part to spur the economy, rather than ignoring the obvious or flailing around in reactive mode improves my mind set. And now we might be more willing to plan a decent vacation next year than before, because we might see a better tax refund than in previous years.
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