Obamanomics: Picking Winners and Losers
A president’s foreign policy is typically referred to as their doctrine, especially if it redefines national priorities in foreign policy. The Monroe Doctrine, for example, basically European powers were not to interfere or further colonize the Americas, and America will not interfere in European affairs. Since that time, the Truman, Eisenhower, Kennedy, Johnson, Nixon, Reagan and Bush (43) Doctrine evolved, largely to address the Cold War, or in Bush’s case, the war on terror.
Here’s the deal. Dr. J. bought two new cars since the bailout.
One was a Ford truck. He has driven Ford trucks since graduating medical school and he loves them for all their trucky goodness. When a Comcast cable guy totaled his 2002 truck, and it was time to look for a replacement, Mrs. Dr. J. suggested we look at a GMC Yukon or Chevy Suburban as her sister has the latter. Dr. J. politely declined specifically because of the bailout. We looked at a Pilot but it had no leg room, so we were back in the Ford showroom and drove off the lot in a shiny big ole truck.
So take it from Dr. J., the Ford advertisement, real or a fictitious isn’t far off the mark because that selfsame bailout insured that Dr. J. (a real person making a real rational economic decision) kept on driving past the GM lots when it was time to replace the 2002 truck.