THE FACT THAT PAUL KRUGMAN HAS BEEN COMPLETELY IGNORED BY THE OBAMA ADMINISTRATION DOES NOT BODE WELL FOR THE SUCCESS OF OBAMA'S "PORK ON STEROIDS" STIMULUS PLAN...
OBAMA'S PLAN SEEMS TO BE VERY "INSIDE THE BOX"...SAME OLD SAME OLD.
THIS IS SIMPLY DOOMED TO FAIL...
THE US ECONOMY IS IN A MASSIVE STRUCTURAL CRISIS THAT HAS NOTHING TO DO WITH..."GETTING PEOPLE SPENDING AGAIN."
OBAMA SHOULD SPEND THE LIMITED AMOUNT OF MONEY AND GOOD WILL HE HAS ON MAJOR STRUCTURAL ISSUES THAT WILL PAY OFF IN THE LONG RUN...NOT JUST SHORT RUN ATTEMPTS TO GET AMERICANS BACK IN THE BEST BUY PARKING LOT...!
OBAMA SHOULD CONSIDER:
1. UNIVERSAL HEALTH CARE WHICH WOULD HAVE AN ENORMOUS IMPACT ON INDIVIDUAL AND CORPORATE ATTITUDES ABOUT WHERE THEIR FUTURE IS GOING...
2. THE MASSIVE STRUCTURAL TRADE DEFICIT...WHY IS MANUFACTURING LEAVING THE US...IS THIS SUSTAINABLE? AND HOW TO REVERSE IT...AND YES, PROTECTING YOUR DOMESTIC ECONOMY IS "ALLOWABLE!"
3. THE BUDGET DEFICITS:
DO WE NEED TO CUT MEDICARE FOR ANOTHER AIRCRAFT CARRIER NAMED FOR SONNY BOY BUSH, THE MORON AND WAR CRIMINAL?
OR, IS ONE CARRIER NAMED FOR THE BUSH FAMILY ENOUGH...
OR, SHOULD WE THROW SOME SENIORS OFF SOCIAL SECURITY, OR CUT THEIR MEAGER BENEFIT CHECKS TO FINANCE MORE WAR SPENDING...? AFTER ALL LOOK AT THE BIG RETURN ON INVESTMENT IN IRAQ AND AFGHANISTAN...!
MY ADVISE TO OBAMA WOULD BE FIRST TO PROTECT THE AMERICAN DOMESTIC ECONOMY AND AMERICAN MIDDLE CLASS WHILE THERE IS STILL SOMETHING TO PROTECT...
IT'S ALL TURNING TO SHIT FAST NOW...
TIME IS OFF THE ESSENCE...
ALSO OBAMA SHOULD TAP KRUGMAN FOR SOME KIND OF ECON JOB IN THE WHITE HOUSE...IT WOULD REASSURE PEOPLE HUGELY.
WASTING THE FIRST PROGRESSIVE NOBEL IN ECONOMICS...AT THIS POINT, SEEMS TO INDICATE THAT THE NEW ADMINISTRATION'S ECONOMIC PRIORITIES ARE SERIOUSLY ASS BACKWARDS...
I REALIZE THAT THE NEW ADMINISTRATION WANTS TO "SAVE THE BANKS"...FIRST.
BUT YOU CAN'T SAVE THE WHALES, IF ALL THE PLANKTON DIES...
THE ECONOMICS "FOOD CHAIN" IS BOTTOM UP...NOT TOP DOWN... MONEY REALLY DOES TRICKLE UP ... NOT DOWN.
SADLY, OBAMA SEEMS TO BE MORPHING INTO A "HOUSE NEGRO" ON THE GOLDMAN SACHS ECONOMICS PLANTATION...
I DOUBT OBAMA WOULD DARE VENTURE "OFF THE PORCH"...WITHOUT GETTING PERMISSION FROM THE RUBIN/SUMMERS WING OF WALL STREET'S "DEMOCRATIC" ECONOMISTS....
