Jan
30
You may think that I am one of those quack conspiracy theorists, but I am not. I have, however, concluded that our government is on a deliberate course of destruction of our economy. It is with forethought and malice. I do not know why they are doing this. I can only guess that maybe it is to make way for a new currency, perhaps, or even a whole new economic form. I am not sure the reasons why they are doing it but let’s look at how they are doing it and why I believe it is with destructive purpose.
First, one only need to look at history and FDR’s New Deal to see that that did not work. Unemployment was higher at the end of the New Deal than it was before. The national debt was much higher at the end of the New Deal. Most any economists could tell you that it did not work. Yet, here we are basically doing the same exact thing except worse.
The current stimulus plan has only 5% of it’s spending on public works projects like road building and bridges. This new stimulus is just another inflated pork ridden budget. $2 billion to National Parks, $400 million to STD prevention, $500 million to NASA. How are these expenditures creating jobs? $275 billion is tax cuts that do little to spur the economy as was proven by Bush’s recent tax rebates. These aren’t permanent tax cuts, these are two year tax credits. What is more wacky is that the credits will also go to people that never paid taxes and to illegal aliens. Anyone with a tax id. (different from a Social Security number) can get one. A ton of money is going to extending unemployment benefits. How does this create jobs? Very little of this so-called stimulus will create jobs. What it does achieve very well, is expanding the number of people who will rely on the government for money in the future. I want to know how allowing someone to stay unemployed a little longer helps me. I want to know how giving $400 million to STD prevention helps me. I am not normally so selfish, but since I will be asked to pay for this, I figure I have a right to know these things
Anyhow, this recession started out as a simple bubble burst. Some banks failed and many people lost their homes. It would have worked itself out as most recessions do. Instead the government got involved and now we are in the worst economic crisis since the Great Depression. In fact this may very well be the end of America, as we know it.
With this all said. They must see all this too, right? I mean the President and our Congress. They must see that the New Deal didn’t work. They must realize that giving money to people who never made enough to pay taxes in the first place won’t help anyone else, right. They must know that $500 million for NASA helps very few. They must know this and still they are doing it. To make it worse they are doing it with money that they don’t have. They will have to take that money from somewhere else. Somewhere that it is probably being used much more efficiently.
If they print it, they lessen the value of everyone’s dollar. That doesn’t help anyone. Printing money is really just another form of taxation. They reduce the value of your money so that they can give money to someone else. It is redistribution of wealth, yet it can be done without a vote and no Congressman gets blamed for it. Most people only get mad about taxes, but they don’t see the hidden tax of inflation.
If they don’t print it, then they may have to borrow it from foreigners who are getting more reluctant to lend it. The Chineese have opennly laughed at us for thinking we can borrow our way out of a problem that we borrowed our way into.Forget about th ineterste on that debt.
If they don’t borrow it then they will have to take it from you and me, by taxing us. So you tell me, who spends your money better? You or Nancy Pelosi? Is paying for STD prevention more important than buying a new computer for your office, or paying for your daughter’s education? How many people does Nancy Pelosi employ, other than her bloated staff that we pay for?
So with all this, how can we not assume that they don’t know what they are doing? I think it is obvious, they are purposefully destroying our economy. I would never claim to be as smart as they are and so if I can see the destruction, they must. It was one thing to have a stimulus plan, but this bill is just a giveaway. That is all any of this money has been. A massive give away to anyone who can afford a lobbyist to go to Washington and ask for it.
Can anyone, please, argue with me, a Democrat or Republican, please someone show me where I am wrong. I plead for someone to show me something good that they are doing. It is very difficult for me to believe that they would do this but their actions speak louder than their words.
I have this one parting question. Are you any better off for the money they have or are going to spend?
Jan
8
How to Fix our ECONOMY
Filed Under General Thoughts and Comments | 4 Comments
70% of our economy is based on us buying things
We can only buy things with money or credit
We get money from working and more money from either working more or raises.
We get credit from credit cards and merchant cards and home equity loans, but we all have credit limits.
While home values were going up , Americans were borrowing against the equity in their homes to consume products. Naturally companies rose to the occasion to fulfill the demand of the consumption. Macy’s, Pottery Barn, Gucci, Target, Circuit City, Linens & Things, etc…
The nature of our economy must change drastically from a consumer economy to a producer economy again. We need to produce products that the rest of the world buys, bringing their money here.
Now that we cannot afford to buy their wares anymore, look at who is closing down. Those employees not only have no credit to buy but no income either. So more companies will have to close. This is a vicious cycle that really may cripple us.
In the past, we built cars that the world wanted. If our economy slumped, we could still rely on other stronger economies to pick us up. We exported planes, and cars, chemicals, clothes, food and medicine. Now, we import most of those things.
When 70% of your economy is based on you buying things rather than making them it is clearly unsustainable. Look at your day today. You can spend all day making money but how much money can you spend today. Personally, if I spent my days spending money, I wouldn’t last a week.
That is the sad state of affairs.
So how do you fix it?
I do know how it won’t get fixed. Giving us all more money to spend won’t fix it. Giving the banks more money to lend won’t fix it.
Creating jobs that produce something will. Changing our economy to be more based on making things and less based on buying them will really fix it.
Basically we have to retool.
