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Today, as I wrote in yesterday’s commentary, Timothy Geithner will recommend yet another TRILLION US$’s be spent. He believes we must inflate or die!

At what point do we think the rest of the world will continue to take our inflation and worthless dollars for their valuable exports? Ben Bernanke, Timothy Geithner, Paul Volcker, and others have not a clue as to what to do other than SPEND. Like a drunken sailor who’s too far gone to know anything other than to keep drinking, Obama’s advisors just say keep spending.

America is BANKRUPT on economic ideas, and it’s only a matter of time before the chickens come home to roost!

Don’t look now but the hen house is filling up! 

Richard Russell wrote last Friday, in part, “Nobody has ever seen the Fed doing what it’s now doing in its desperate battle to halt deflation. In creating trillions of dollars, the Fed is devaluing the dollar and probably frightening foreign dollar holders (think China). If the dollar starts seriously sinking, rates will go up as it will take higher rates to attract dollars. Higher rates would be just what Bernanke does not want. I’ve stated repeatedly that the US’s Achilles Heel is the reserve status of the dollar. There’s a rumor that certain groups are talking about abandoning the world’s reserve currency and switching to a basket of currencies. Ultimately, I don’t doubt that this could happen. At that point, the US could no longer create the currency that its own debt is denominated in. Furthermore, what a disaster that would be.”

Indeed! You can BANK on it (maybe banking isn’t a positive word these days), we just don’t know how far down the road before that happens. But, I would venture much sooner than later.

Ian McAvity (“Deliberations” publisher) did a study on the US debt-to-GDP. He notes that back in 1991 it took $12.5 billion of debt to deliver $5.5 billion in GDP or a ratio of $2.60 in debt to produce every dollar of GDP. By 2001 it took $4.65 of debt to produce one dollar of GDP. By late 2007 it took $6.12 of debt to produce one dollar of GDP. Today with GDP sluggish or actually declining. To the promises of ‘we’re going to recover’ — ask to where? How might we get there? Much of that debt is what is now melting down apparently. In the five years to September 2008, GDP rose $3.3 trillion and Total Debt rose nearly $18 trillion. That translates to $5.40 of debt for every $1 of GDP. I can’t begin to guess this datum for 2009 with GDP falling and debt creation going off the upper scales. Nevertheless, that new debt is going into the black holes of the banking system, not into the spending steam of the economy. (Scariest fact of all — these data doesn’t include millions of derivatives).”

This can get all too complicated and beyond the average person’s reach.

Moreover, it evidently is way beyond the comprehension of Obama’s economic team or……., or, they do know what’s going on bu SAVING their political bacon is more important than what this might mean for the future. Moreover, much like Bush who had plans before 9-11, the plans of Barack Obama (in his political campaign) simply will not be accomplished. There’re enough people still in Congress with a back bone and brains to say ENOUGH!

It’s really more than and past enough!

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This past weekend, the rapidly changing political landscape was introduced to the live version of a new phenomenon. Although Hollywood-types have often backed political candidates and causes, the world has been holding their breath in anticipation of the impact of Oprah’s endorsement of Barack Obama. Oprah lends her star-power to her friend, Obama, “a new kind of leader who possesses a tongue dipped in the unvarnished truth,” Winfrey said.

The Oprah and Obama traveling tour brings new meaning to the phrase dynamic-duo! Obama had the pleasure of addressing almost 30,000 registered voters at Williams-Brice stadium here in Columbia, SC thanks in great part to Winfrey’s celebrity. I do not believe that anyone will ever be able to remove the pleasure-filled smile from his face.

“In what may be the largest phone-banking effort in the nation’s history, each attendee was handed a sheet that listed four registered S.C. voters and a phone script. Attendees were asked to call the voters on their sheet, right then and there, and ask them to support Obama in the Democratic primary.” Regardless of your political persuasion, this sales effort is impressive. The news coverage and number of articles are amazing.

Talk about sales teams! This pairing may be just what the doctor ordered to propel Obama to the lead in the run for the Democratic nomination. What then… VP Oprah Winfrey!

The point of all this is to remember that our success in selling our ideas and products is indeed a team effort. Even if you are a self-employed company of one who handles everything from sales to accounting, you too rely on vendors, FedEx, US Mail and reliable technology to ensure your sales success. You are indeed part of a team effort, albeit the focal member.

None of us operates in a vacuum. It is necessary and proper to respect and care about your sales team. When appropriate, introduce these people to your customers. Make it more personal. Put faces on each department and function.

Remember, the bottom line is that people interact with people to make things happen. Humanize your selling efforts and warm up your sales success.

submitted by doublewonderful to WTF
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