THE PROBLEM WITH THE STIMULUS IS THAT IT TRIES TO GO BACK TO THE PAST...
AND IGNORES THE VERY REAL STRUCTURAL PROBLEMS IN THE FUTURE...
OBAMA AND CONGRESS MERELY WANT PEOPLE TO "START SPENDING" AGAIN... IS THAT ALL THERE IS...?
THE PROBLEM IS THAT CONSUMERS WERE SPENDING...LIKE MAD!
BUT FOR MANY YEARS...THEY WERE SPENDING THEIR "BUBBLE MONEY"...EITHER FROM STOCKS, OR FROM THEIR "HOME ATM MACHINE...."
DECADES OF REPUBLICAN DE-INDUSTRIALIZATION OF THE US ECONOMY HAVE LIMITED WAGE GROWTH...
AND CAUSED AMERICAN CONSUMERS TO LIVE OFF SAVINGS (IE BUBBLE MONEY) FOR MOST OF THE RECENT SUPPOSED "BOOM TIMES."
OBAMA'S PLAN SIMPLY IGNORES THE TRADE DEFICITS...WHICH WILL LIKELY INCREASE GREATLY...IF THE STIMULUS "WORKS"....
AND IF IT DOES NOT WORK...WE HAVE A MASSIVE BUDGET DEBT TO MATCH THE ALREADY HUGE TRADE DEFICIT DEBT...
SO IN BRIEF...
REPUBLICANS IGNORED REAL PROBLEMS...
NOW OBAMA AND THE DEMOCRATS ARE STILL IGNORING REAL PROBLEMS...ONLY FROM A DIFFERENT POLITICAL MINDSET.
IT'S A MATTER OF CHANGING THE UNDERLYING STRUCTURE OF THE AMERICAN ECONOMY...TO GET IT PRODUCING...NOT MERELY CONSUMING...
WORSE, THE OBAMA STIMULUS LOOKS LIKE BOOM TIMES FOR LOCAL GOVERNMENT AND LOCAL GOVERNMENT UNIONS...
LOCAL GOVERNMENT IN AMERICA IS LIKELY MORE CORRUPT THAN WASHINGTON...
WHAT WOULD WORK...?
MASSIVE SOCIAL PROGRAMS FOR AMERICANS NEW "LOW WAGE" WORKFORCE...
UNIVERSAL HEALTH CARE IS ESSENTIAL... A SOCIAL SAFETY NET FOR FOOD STAMPS...
MANY RETIREES HOW HAVE BEEN WIPED OUT BY FOLLOWING THE GOVERNMENT'S BULLSHIT TO PUT ALL OF THEIR MONEY IN STOCKS...
A GOVERNMENT THAT HAS SEVERELY PUNISHED SAVERS FOR GENERATIONS...WITH VERY VERY LOW BANK CD INTEREST RATES...
WHAT OBAMA NEEDS TO DO IS BE THE ADVOCATE FOR THE "NEW POOR" THAT ARE BEING SET UP IN THE US ECONOMY...
MOST AMERICANS WILL NEVER HAVE LIVING WAGE JOBS IN THIS SERVICE ECONOMY
AS LONG AS THIS IS AN ECONOMY THAT IS DICTATED BY INTERNATIONAL CAPITAL'S CONSTANT QUEST FOR EVER CHEAPER LABOR...AND MORE GLOBALISM AND FREE TRADE.
A LOT OF THE OBAMA RHETORIC IS PURE BULLSHIT... LIKE "GREEN JOBS" THAT "CAN'T BE SHIPPED OVERSEAS...?" WHAT THE FUCK IS THAT...? I HAVE NO IDEA...
HOW CAN NEW SMALL BUSINESSES CREATE JOBS WHEN THEY CAN'T EVER AFFORD HEALTH INSURANCE FOR THOSE WHO START THE BUSINESS...NOT TO MENTION THE EMPLOYEES...!
AT SOME POINT OBAMA WILL HAVE TO ADMIT THAT THIS IS NOT AN ECONOMY THAT CAN BE "SAVED"... IT SIMPLY MUST BE SCRAPED AND BEGUN AGAIN FROM SCRATCH...
HOPEFULLY BEFORE OUR CHINESE MONEY MASTERS DECIDE TO PULL THEIR FUNDING OF US PAPER ASSETS...
WHILE I SUPPORT OBAMA AND THE DEMOCRATS...
I THINK THEY ARE SIMPLY REPEATING THE MISTAKES OF THE REPUBLICANS BUT FROM A DIFFERENT VANTAGE POINT...
WORSE...WORST OF ALL...I FEAR THAT THE STIMULUS PACKAGE WILL FAIL MISERABLY FROM THE OUTSET...
FOR EXAMPLE...WHO IS REALLY GOING TO DO ALL THIS NEW SHOVEL WORK...?
SHOVEL WORK IS NOT WERE MOST OF THE AMERICAN UNEMPLOYED ARE LOCATED...
UP UNTIL JUST LAST SUMMER...WE WERE USING ILLEGAL MEXICANS TO DO THIS SO CALLED SHOVEL WORK...
SO, WHAT THE FUCK IS UP WITH THIS NEW PLAN...?
WE SEEM TO HAVE REPLACED A REPUBLICAN LALA LAND... WITH A DEMOCRATIC LALA LAND...
AND THE MONEY JUST KEEPS ON ROLLING OFF THE PRESSES...!
POSTSCRIPT:
IF YOU REALLY WHAT TO KNOW HOW THINGS ARE GOING ...WATCH GOLD...IT'S UP BIG...AND SEEMS TO BE THE ONLY SAFE INVESTMENT NOW.
