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Business OpportunitiesWe Could Be The Richest (and thinnest) Nation in The World 05/21/2009: My job is brainless. I sit and do hand-eye coordination maneuvers with small precisio
California Tax ProtestHigh School Graduation: The Limos & The Lemons 05/16/2009: I wish somebody would explain to me why kids aren't better educated these days. I don
Community BloggingAnother group of morons to watch out for 11/13/2009: Warcorpse here with yet another group of morons and idiots to watch out for as you go
Fearmongering in San FranciscoOne Man One Woman ONLY! What a crock of shit 10/06/2009: You see them everywhere people with signs and bible verse with sayings like Marriage
InvestmentsHigh School Graduation: The Limos & The Lemons 05/16/2009: I wish somebody would explain to me why kids aren't better educated these days. I don
OilWe Could Be The Richest (and thinnest) Nation in The World 05/21/2009: My job is brainless. I sit and do hand-eye coordination maneuvers with small precisio
RelationshipsOne Man One Woman ONLY! What a crock of shit 10/06/2009: You see them everywhere people with signs and bible verse with sayings like Marriage
Universities and CollegesGates open to racism and Obama stumbles in! 07/27/2009: It’s been a while since I’ve been here to spread my insights of great ponderence,
It has been a while since I logged in and gave my thoughts about the condition of the United States. Its time to set the record straight.
Obama is pushing through his health care bill, convinced that he is the only one who knows what is best for the people. Little does he realize is that the American people have seen through his bombastic rhetoric and that this bill is all about the health insurance companies, not the American people. He has resorted to strong arm tactics, threats against those opposed to it and political slight of hand in order to get his way. He has forgotten that he was hired by the American people to do a job and that its a temp job at that. He has forgotten who he works for and how he was elected in the first place. By all accounts, he took less than six months to break most of his campaign promises and has ignored the will of the people. He continues to do so on a daily basis without regard for anyone.
The Catholic Church is in the midst of another sex scandal, this time right in the Vatican itself. Numerous Vatican officials have have been busted by Rome police for soliciting, recruiting and, according to news reports, operating a gay sex ring. Just how will this affect the millions of Catholics worldwide? Hopefully they’ll realize that the Catholic Church is just like any other religion, a for profit organization. In the United States they try to influence elections on both national and local levels, preaching from the pulpit just who the congregation should support. This alone is enough for them to lose their tax exempt status but politicians are afraid of making the first move. The Catholic Church is the largest in the world, only trailing Islam by a few million members, with billions of dollars in real estate. If that property was taxed, just how much money would be put into the economy? Its their way or the freeway; what kind of religion puts that kind of restraints on its members?
Millions of protesters braved adverse weather conditions nationwide to carry signs against abortion, same sex marriages, cruelty to animals, genetically altered crops, nuclear energy, trying to put a sand flea on the endangered species list or the strong arm tactics of the IRS. They protest against Columbus day, immigration, corrupt politicians, corrupt cops, legalizing marijuana, eating meat, crop circles, alien invasions, domestic spying, high credit card interest rates, all powerful banks, high unemployment and whatever else they can think of. What 99.99% of them don’t realize is that protesting never changed anything, nothing. Remember the Vietnam war and all the protests? They didn’t help end the war but did embolden the enemy and create a new breed of draft dodger.
There has been calls for a nationwide work stoppage, just don’t go to work for a day and bring the economy to a screeching halt. Ain’t gonna happen, folks. The ones it would be targeting are immune to such things simple because they’ll still collect their paycheck while you don’t. That should be a no-brainer.
Start a civil war? Well, that’s on its way as we speak, headed by state militia manned with disgruntled people just wanting to make a difference. It won’t be pretty when it happens, pitting ordinary citizens against the state and National Guard units. But will they actively engage citizen armys or hold their fire? That decision is up the individual and probably be surprising to those in command.
I have many other subjects to touch on but I’ll leave them for another day.
I’m not surprised that the IRS is coming under attack from all fronts. I have no love for them but using violence against a federal agent is a sure way to be sent to prison and I don’t condone it. That out of the way, let me also say that the IRS deserves its despicable reputation of collecting taxes. It is a matter of public record that IRS agents have used tactics outlawed under the Geneva Convention and received an commendation for their actions. What other government agencies would do that?
Case in point. Alabama (the state is changed to protect me). A retired contractor was sent a notification that he was being audited for discrepancies in previous years taxes. He sent in the paperwork requested and thought nothing of it, he had done nothing wrong and went on about his life. Returning from a vacation, he was surprised to find that the IRS had seized his home, several vehicles, frozen his bank accounts, changed the locks and posted “no trespassing” signs around the property. All he could find as to reason was a federal seizure paper taped to the front door and a number to call. Calling the number, he was transferred to a voice mail where he left a message.
His call wasn’t returned for several days and when it was, the agent accused him of hiding assets and cheating on his taxes for the past ten years, the amount owed was in excess of $150,000, payable immediately. When the man asked what the problem was, he was told that the agent didn’t have to tell him but if he came down to the IRS office and surrendered, he’d be served with a copy of the complaint. Instead, the man called his attorney and got him involved. Within days of notifying the IRS that he would fight this, the attorney was audited and threatened. The attorney bailed out and was glad to do so.
The case drug on for several months with the couple soon out of money and forced to stay with friends and relatives. They still didn’t know what they had done wrong. he called his tax accountant but the accountant said that he had already been served with a federal gag order, meaning he couldn’t talk with his client. Each time he called the IRS agent, he was told that he’d be notified when his case came up, maybe another six to eight months. How could he be notified if he didn’t have a mailing address? he asked. Not my problem, was the response.
After nine months of this, the man walked into the backyard of his former home and stuck a shotgun in his mouth. At least his widow could collect on his life insurance policy, or so he thought. The IRS had already seized that also. When the event finally hit the papers, others became involved on behalf of the widow and the IRS finally had to present its case before a federal judge. The defense attorney had to admit that the IRS did present a formidable case except for one minor detail — they had targeted the wrong man and for the wrong reasons. The IRS wanted a man located in a different state, operating a contracting firm with a similar name and as crooked as a dog’s hind leg. When this was brought out, the IRS simply said, oops! and dropped the case but too late. Under federal and IRS laws, the agent responsible couldn’t be held accountable for doing his job. The judge did return the house, bank accounts, life insurance and vehicles but even that was too late, the home had been foreclosed on and the vehicles seized for non-payment.
Thinking she could sue in federal court, the widow hired several attorneys to investigate and found out that the IRS can’t be sued but only taken to Federal Tax Court and as the case was officially closed, she couldn’t.
People don’t realize that the IRS has unlimited powers to seize anything from someone they claim owe back taxes, without notification beforehand. According to several web sites, the reasoning behind that is if the tax cheat knows the IRS is on to them, they’ll hide assets. In most cases, its simply a matter of a small mistake on the return or a case of mistaken identity.But that doesn’t matter to them. Their promotions is directly dependent on the amount of money they bring in, although they’ll deny it, and the number of cases brought before the tax court and the number won. Deny, deny, deny is their watchword and it works. If on official business, they are immune to arrest, they can carry weapons and will use them, even against a grandmother. I can’t recall one case in which the IRS agent was found guilty of any wrongdoing, especially when investigated by their peers.
As many people have cried, the IRS is out of control and need to brought up short by someone.
I’ve lived in five states since my divorce and have rented a place to live in each one, mostly with a year lease and I have not violated one. I have had the property manager try to shaft me on several, and all attempts failed. I lived in Grapevine, Texas when I moved there when the company I worked for was trying to expand. I moved in with the stipulation that if my employer decided to cease operations, I could break the lease without repercussions. Sure enough, seven months later the jobs went dry and I was forced to move back to Colorado. Three months later, I received a letter from a lawyer stating that I owed X number of dollars for breaking the lease and damage to the apartment. As expected, it was a different property manager, they change so frequently, and the agreement I had made with the original one was null and void. Luckily, the original property manager and I had written out our agreement and it was signed by both of us as an attachment to the lease agreement. It seems her husband had also been in construction and she knew about jobs evaporating. The lawyer called me several times, called me a few names, threatened me a lot and demanded even more money or he’d see me in court. After a call to the Texas regulatory agency, I found out that the lawyer was the property manager’s husband and wasn’t licensed to practice law in Texas. The next time he called, I mentioned this to him, stated that I had recorded our phone conversations and was planning to turn to over to the Texas Attorney General. I never heard from them again.
Now I have another property manager’s lawyer calling me demanding $3,500 for breaking the lease, not giving notice of moving and payment for replacing a carpet plus other minor damage. For one, the townhomes refused to sign another one year lease so we were on a month to month rental agreement. The carpet was thread bare but clean, I don’t know what he means by other damage. He’s supposed to be sending me documentation to prove his points. These townhomes have tried sung several other tentents and have lost every time, all for several tousands of dollars each. This lawyer doesn’t have a very good track record with lawsuits. If he produces a signed lease, it will be a forgery for we didn’t sign a renewal lease. They had posted a notice on the door giving us ten days to vacate the place. I also had taken pictures of every room before I left so I know there wasn’t any damage, except normal wear and tear.
I had a small place near brush, Colorado for two years. I gave the owner, she lived right across the street, two weeks notice, cleaned the place really great and took pictures of the ceiling hanging down in the bedroom, the leaky hot water heater and the rotten porch before I left. I also left her my forwarding address so she could return my deposit. A month later I received a letter from her lawyer demanding thousands of dollars for damages. I just copied the pictures and sent them to him with a demand for return of $350 deposit or my lawyer would contacting him. A week later I got a check in the mail, no letter, just the check. End of story.
If there is one thing I’ve learned from renting and leasing, keep every scrap of paper for at least a year. Anything agreed to must be in writing, no handshakes. Take pictures when you move in and when you move out. I’ve learned that no matter how nice the property manager is when you move in, they turn into a demon from hell when you move out with selective memory loss. The think that a call from a lawyer will have you turning over and begging for forgiveness; my advice — don’t turn into a sheep. Stand your ground, if you’re right and don’t let them threaten you into submission. If a lawyer calls, ask politely for his license number and then check it. If he won’t give it to you, that’s a point in your favor, shady lawyers don’t have a license. I’d check with your local bar association just to be sure but they won’t give you information as to past complaints but the BBB might.
Don’t let a lawyer threaten you into submission, they count on that to keep from having to show up in court. keep your paperwork and document everything and above all, don’t trust the. They are in it for the money and must answer to their investors.
I am just one of millions of Americans barely surviving on a single income. I am retired, collecting Social Security, have my unemployed daughter and her two kids (6 and 4) living with me, not by choice but out of necessity, they simply had nowhere else to go. In the past year, my daughter has sent out hundreds of resumes and go on as many job interviews without success. I can’t fault her for not trying, she does but the jobs just aren’t there. I’ve applied for numerous jobs but who wants to hire a 65 year old man? Right, no one, I’m past my prime and set in my ways but I’ve heard that you can teach an old dog new tricks and I’m willing but employers aren’t.
For the past year, I’ve managed to shuffle bills around and still pay them all but now I’ve come to a cross roads where bills add up to more than I have coming in. Right now I have $400 sitting in my checking account, $750 worth of bills staring at me, two weeks before I have a small pension hit my account, the frig is empty, the grand kids are hungry, they have activities at school and in Cub Scouts, my car needs gas and I’m out of coffee. Which comes first? I’m sure millions of Americans are facing that same dilemma, scratching their heads and screaming in frustration. And, as many have already done, considered suicide as a way out. Yes, numerous families have committed mass suicide, wife, kids and father, all gone in the blink of an eye. Its tragic and avoidable
The national debt is now $1.43 trillion, with a capital T, after billions went to AIG, banks, mortgage companies, car manufacturers and the health car industry, supposedly as a way to create jobs but he says give it time to work. It hasn’t happened yet. If I can believe the rumors circulating in the papers, there is another round of bailout funds in the offering but not one program going to help the truly needy because our good President Obama needs to prop up his buddies in big business first, give them their multi-million dollar bonuses and salaries before helping the American people. Obama has made the United States a debtor nation, all under the guise of helping our economy.
My back is against the wall, I’m caught between a rock and a hard place, at my wits end and I can see no way out of my situation in the foreseeable future. What am I to do? What do I tell my grand kids when their hungry and there’s nothing to eat? I’m numb from trying to explain my situation to the bill collectors, who call every day, and all I get in answer is, “Pay your f**king bills.” Won’t matter much longer for I can’t pay my phone bill either. Eating the business end of my shotgun is looking better and better every day, the only reason I don’t is my grand kids and how it would be explained to them. They are too young to have to live with that. So I will continue searching for a way out of my situation and pray that millions of others in like situations can also. Anyone for Powerball?
Pretty simple and easy to read… Makes a lot of sense. Takes bureaucrats out of the relationship of me and my doctors….
Are you fucking kidding me!!!!!!!!!
First of all Obama has gone back on his campaign promise that allows for people to opt out of the public health care if they choose, because now that he has heard some arguments and his ideas have evolved. Of course they evolved! How the hell else do they plan on paying for this idea if some of the people aren’t contributing to the system. Now I’m no economist or a government bureaucrat and I figured that one out. Secondly this, if passed in its current condition will destroy private health insurance companies. There is no way around it. It won’t be instantly however over the course of time they will completely disappear. Call me crazy if you like however there is a perfectly sound explanation for this. As of midnight last night there was amendment added to this bill that will make it a law if and when its passed that insurance companies cannot add new people to insurance plans after the effective date of the law. This first of all will prevent insurance companies from attracting and obtaining new customers which doesn’t take a rocket scientist to figure is not exactly a good thing for business. Secondly, will more then likely cause most employers to drop the current coverage they offer for their employees which then in turn makes insurance companies lose customers which again is not good for business. So there you go. Insurance companies in the health care business will first of all be denied by law to add new customers, and have law also encourage their existing customers to leave them. This is a recipe for disaster. I wonder exactly how many jobs will be saved or created by that nice little bill Obama and his left wing progressive friends want to put into affect. Also Obama claims to pay for this by his whole new pay as you go concept. Well guess what, even if that happens this will be paid for by taxes that not even the middle class will be immune to. We will all be taxed up to our necks to pay for this shit.
“Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day” of the year the legislation becomes law.”
“mandates are an example of… something that I was resistant to during the campaign… this is an area where people have made some pretty compelling arguments to me that if we want to have a system that drives down costs for everybody, then we’ve got to have healthier people not opt out of the system. And I think that you have to be careful to make sure that there’s a waiver. So that if we haven’t made health care affordable yet, you’re not punishing people, not only because they can’t afford health care, but — now giving ‘em an additional fine.”
This news is coupled with Obama’s latest appointed “Science Czar” John Holdren which wrote in the 1977 book Ecoscience: Population, Resources, Environment that he co authored, that some solutions of overpopulation were sterilizing women through polluting the water system, and forced abortions. Hmm sterilizing women and forced abortions… You know sounds familiar. Oh thats right the Nazi’s tried that in concentration camps. This dude sounds even more fucked up then Cass Sunstein the “Internet Czar” that “argued that the Internet may weaken democracy because it allows citizens to isolate themselves within groups that share their own views and experiences, and thus cut themselves off from any information that might challenge their beliefs, a phenomenon known as cyberbalkanization.” What the fuck are we turning into? China where the Internet is censored?
I guess all of the above mentioned is “Change you can believe in”. Well I say take the fucking change back, and I’ll take G Dubya over this asswipe any day.
I know most people don’t care about politics for a number of different reasons. For instance a friend of mine posted on her profile that life is too short to worry about things that she can’t control. Well the problem is we as the people that the goverment is elected to represent have allowed for this to happen. We don’t have any control over it because of our own ignorance, laziness, and lack of education. If you read my post thanks for your time. If you don’t follow politics then I would like to ask you to please try and educate yourself more regarding them, but along with that make your own decisions. Hear both sides of the arguments and decide for yourself. Whatever you decide Left or Right, Liberal or Conservative. Just come to the conclusion by your own judgement, values and beliefs. Maybe if enough people start actually caring about politics we can make this statement true again.
“and that government of the people, by the people, for the people, shall not perish from the earth.” Abraham Lincoln
The Democratic National Committee and the media Propped a lying Novelty in front of the American public and they jumped on it like it was going to help get their sheets and colored laundry brighter and more shiney than EVER before.
You, as in the American Public, are the stupidest set of fucking retards on the planet because you fall for this shit over and over again. You were promised that 5 million people that were about to lose their homes would be helped by Novelty Presidential Candidate Obama.
In MAY 464,983 foreclosures occurred out of 3.2 million possible. 19,041were modified and saved from foreclosure. That is 15% foreclosed upon and a WHPPING 6% that weren’t. One quarter of those 19,000 actually had their payments GO UP!!
Literally for every ONE dollar saved by modifications, there are One hundred and Fifty Dollars lost to foreclosure because the parameters of the modifications that the Government will allow are not condusive to the reasons that people are behind in the mortgage to begin with.
You cannot get a loan modification if:
• You have lost your job
• You owe more than 5% above what your house is worth
• You are already in default
• You have not yet missed at least one payment
• Your lender does not want to participate
• Your mortgage is not one of the half of all mortgages insured or owned by Fannie Mae or Freddie Mac
• The reworked mortgage payment would come to more than 31% of your income
• Your mortgage is over $759,000
• The home is not your primary residence
Sweden’s Government actually BOUGHT the mortgages of their citizens that were in distress and reworked the payments to reflect what the owner COULD pay them. The people will have to pay the government back once the economy is mended or sell the house. If they do neither then of course the government would then foreclose of course. The Democrats will NEVER entertain this type of program since it would actually SOLVE the problem without any COST to the taxpayers or throwing money at their friends. THEY would be the ones foreclosing on the houses eventually instead of being able to blame the banks and proliferate the EVIL Corporations lie.
*Hint* have you heard another word from the Obama Nation about mortgages? I doubt that you will either.
The only reason I feel sorry for Obama is because I suspect he has a conscious. (unlike dickwad Bush) Sorry about my profanity…sort of.)
The thing is, there’s no president that can do an ounce of good because they have no control. They have to do what the “powers that be” want. It’s just the way it is. It’s nature. The strong bastards rule and they get what they want. Money is the muscle that runs the planet so those assholes that have the most of it, run the world, regardless of how fucked up, immoral, stupid and (make up your own word and put it HERE) they are.
I voted the other way. I watched the debates, I read about both candidates, and I said back when John “I have a PLAN” Kerry was conceding to G. W. Bush that if the Dems had a shot in ‘08, Obama would be the one to take them there. He took the democrats to the White House but he is thus far taking the country to the Poor House.
He said NUMEROUS times about how he was going to go through the Budget LINE by LINE with a scalpel and cut OUT the programs that did not work and replace them with ones that do. Ok, I’m all for it. Herein lies the Problem. He has spent more than anyone before him COMBINED and has called for cuts for what amounts to a few of hunderd thousand dollars. Lets look at two numbers because the media will show them like this 850 Billion dollars in spending and $350,000 in CUTS!!1
850.000.000.000 is NOT less than 350,000 so do not be fooled.
I’m sorry that this is a Wiki article on the Recession or UNKNOWN Depression of the early 1920’s that was eclipsed by the length and breadth of the GREAT Depression. It was the first one that I found but I’m certain that with minimal digging, something better might be found.
The recession of 1921-1923 proved to be the sharpest economic downturn since the emergence of the business cycle in the early 19th century, but it also was one of the shortest reversals. The recession was over in one year.
The Government did not throw money at this recession but instead cut the budget nearly in half. The recovery was not only quick, but it was substantial.
QUOTE
As usual, a buoyant expansion followed the severe contraction of 1920-1921. In the 22 months after the depression bottom, industrial production rose 63%, the money stock expanded by 14%, and wholesale prices rose by 9%. Net national product rose 23% in the corresponding two calendar years.
When you throw money at the problem, that money is taken (in the form of taxes) from those who would otherwise spend it in the Free Market and thus bolster the economy themselves rather than tightening the purse strings to the point where they are afraid to do anything but stuff it in a mattress for fear of the banks collapsing.
Japan had a very similar Housing bubble in 1990 except that their housing market dropped 80% of its value when it burst. They threw money at it, Bailed out the Corporations that contributed to the failures of the banking system (and made a partially National bank), only to ensure that they would have a sub par economy for 18 years.
Why do the people in our NEWLY elected Government keep touting that we should “Learn the lessons taught us by history.” and then try to repeat what HISTORICALLY has not worked for anyone else or our country by throwing YOUR money and mine at the problem to try to go back to an economy that was unsustainable to begin with and deteriorated into the mess we have now?
“Insanity: doing the same thing over and over again and expecting different results” ~ Albert Einstein
Sorry for my diatribe here but I feel you are all intelligent enough to start asking the questions about whether the Government interference costs more than allowing the problem to run its course, find bottom, and regenerate to a healthy state again naturally.
BTW, I am a graduate of Butler Area Senior High School and followed a General Studies curriculum so this isn’t rocket science.
I’ll get off my soap box now but I WILL be back and maybe we can talk about the EVIL Corporations and how the Free market has destroyed the United States.!!
There is really no fixed way to stimulate the economy. The degree of economic stimulation and the size of response during a recession largely depend on the cause of the recession. For any recession, the GDP make-up is the paramount determinant of the most effective stimulating mechanism.
When an economy runs into a recession, it is hard to believe that without any new action, the economy is somehow going to pull itself out. The inability of the economy to pull itself out with inaction indicates that the old ways of running business have to be significantly modified.
Although it is important to free up money so that consumers can purchase goods when a recession strikes, it is more important to channel this money towards the most efficient goods which increase productivity in the long run. Governments have the power both to free up and to channel the flow of money although bureaucratic constraints hinder the speed and the effectiveness of the response.
During recessions, struggling private enterprises producing inefficient products are usually more interested in disposing unproductive goods in the market and staying in business. This renders government action all the more relevant.
The government’s ability to initiate any kind of economic stimulus greatly declines with a decreasing ratio of government budget to GDP. Having a fixed government budget to GDP ratio enlarges the government if the GDP grows with time. This in turn renders the government so cumbersome that its efficiency wanes with time. This diminishing effectiveness could be mitigated by modeling government institutions like the non-profit private industry while using the rest of the government apparatus to play only a regulatory role. While this helps to boost efficiency, it also strengthens the government’s ability to steer the country towards economic progress with less hindrance.
An economy in recession could either be stimulated through increase in government spending or tax cuts. A rise in government spending creates more government sponsored projects, jobs and increases the cash flow for working families. This money is then channeled to other businesses leading to an increase in jobs in the private sector. Increased spending would entail an increase in taxes thereafter in order to minimize the budget deficit.
On the other hand, tax reduction raises the amount of cash available for businesses and consumers. Consumers can buy more goods resulting in an increase in jobs in the private industry and the private industry could in turn embark on producing more goods.
Government spending implies the government directs where the money needs to be spent. In tax reduction, the private industry allocates where the extra cash goes. While the government often focuses on long term opportunities, the private industry’s focus is usually not stretched out beyond 5 years considering that the average life span of a US company is 50 years and its infant mortality rate is 10 years.
A reduction in taxes for small businesses and consumers really does little to keep the economy booming in the long run. This reduction would result in a temporal increase in small businesses. Having more small businesses in a recession does not generate more investment, but encourages more consumption. Consumption is bad for economic recovery. US consumption alone is 70 % of the GDP. Stimulating consumption may postpone a depression in the short run but the recession will become more severe when consumption is exhausted with no investment. Consumption stimulation provides a parachute for a slower free fall with little hope to rise.
A tax cut on small businesses is only effective in stretching out and exhausting an already initiated growth. Tax cuts on small businesses do not initiate growth. More often, an economic crisis requires stabilization with an orientation towards the initiation of growth than the expansion of growth. The increase in small businesses during a recession only results in the production of similarly existing goods with little or no changes in efficiency. This ends up being an illusory economic growth.
In addition, tax cuts create many disunited multidirectional economic fights by many different businesses. The ineffectiveness of multidirectional fights could not be overemphasized because economic resources get scattered everywhere thereby diminishing their strength to meaningfully reshape any economic meltdown.
A better strategy for tax cuts would be not to have an across the board tax cuts, but a reduction in taxes for industries that are expected to become the new production frontiers for the next decade. That would be money well spent. An alternation of more targeted spending and focused tax cuts is a sure means to keep the economy very efficient.
It is easier to see the ineffectiveness of tax cuts through the provision of lower taxes to businesses that are failing. A failing business requires a lot of restructuring and tax cuts give it an incentive not to restructure. With the tax cut, prices will be brought down and the consumption of the same poor goods is encouraged. When the well of tax cuts is exhausted, more tax cuts would be required to keep the industry afloat. This only leads to a deflationary spiral.
As personal finances dwindle, other programs such as food stamps, tax rebates and unemployment benefits help ensure that many existing jobs are not lost which will worsen the downward spiral. Such programs therefore only act as stabilizing mechanisms.
The effectiveness of the government to transform policies into actions is the single most significant factor in restoring economic prosperity. Should the government become very inefficient, then there is no doubt that tax reduction would play a more effective role in stimulating an economy during a recession. The government is needed more in a severe recession to make swift, smart and steady corrective measures. Government investment lays a formidable groundwork for future growth.
Every fiscal policy has a threshold below which its effect is insignificant. An invaluable fiscal policy would be simultaneous increase in spending and tax cuts, but no country has the luxury of excess cash to effect such a concurrency beyond both thresholds. This leaves government spending as the more efficacious policy. The challenge is to know these thresholds in order to institute the right measures. With the government budget constituting a fixed and appropriate percentage of the GDP, the government is sure to have the machinery to launch congruous tax cuts for the short run economic stimulation and increased government spending for long run stimulation without the burden of excessive deficits.
You know I know that most people walk around life with a half confused look on their faces barely aware their alive. perfectly content to just go with the flow and stay with the status quo. Still why isn’t the American people outraged at our President! I mean what’s it going to take huh? For him to totally bankrupt the country or give Iran the plans for the stealth bomber to Iran. Would that finally wake some of you up.
Some of you are awake and that’s great the other 90% of you is what I’m concerned about. When we elected Obama to office he came in with the attitude of we need a new way of doing business and we need change. Well in less than a hundred days he’s spent more than all the other presidents put TOGETHER! and is repeatedly using the tried and true democrat spend, spend, spend method. Have we as an American people bothered to say ”Uh Mr. President where’s all this moeny going? Do you really need this much?” Or most importantly ”How in the hell are we going to pay all of this back?” Have we said that HELL NO! We’re to busy trying to guess who the next American Idol is.
Then there’s the foreign diplomats. I’m not talking about him bowing to the Saudi king. That was a show of respect in the man’s country and considering Obama wants to tramp trough his backyard looking for the Taliban then we should show the ruler of the country a little respect. That’s just how I feel. Shaking hands with bloodthirsty dictators on the other hand is not that good of a sign. Most of you didn’t bother to express concern with this though why because it didn’t make the six o’clock news. It only appeared in the paper.
Then there’s the job market that no one can find a new one or they’re scared of losing the one they have. All the while the owner or BOD keeps getting to slash salaries and benefits and the employees just take it because “Be happy you at least have a job” has become an acceptable norm! Why hasn’t anyone gotten mad over this broken promise. Didn’t Obama say he’d create jobs and improve the ones that are out there. Well he’s spent 2 trillion and jobless claims keep going UP! 2 trillion dollars and I haven’t seen job one come around as a result! Yet still most of us just keep going along thinking that things will work out
I have news for all you people happily living your life in a semi-coma IT’S NOT GOING TO WORK OUT! Not until the majority of American citizens turn off the TV or wake up and calmly ask the president “Uh Mr. President excuse me sir but just what in the hell are you doing with all this money!”
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