I have been listening to all the clap trap about the stimulus plan from both sides and it is all so much dookie on the wall. On the Pres side we see very little that will create a sustainable amount of jobs and growth, just trying to make banks more stable and give them more liquidity, Liquidity? I have been saying for months now that demand is needed not liquidity (see page titled demand not liquidity). Economists and politicians are spending great amounts out time and effort to make the stimulus complexities as confusing as possible as to keep the public from understanding it at all.
We as a country are assisting banks, here is an idea give the money to people that are in dire straights, they can pay off their mortgages, car loans, credit cards and the money would go to banks and that is where would was going to go anyway. Once that was taken care of the people’s money could then be used for consumption which would then create more demand and in turn would create more activity in the different sectors of the economy.
That is just way too easy. Both parties are proposing some form of the old tired BS of trickle down economics or voodoo economics, that is where if you do good things for the wealthy then they will start doing good things all along the economic spectrum and all income classes will benefit. It was fecal matter back in Reagan’s days and it is still fecal matter today.
Give a business a tax cut and they will hire more people and make more goods….is that about the scheme? Cool! But if NO one is buying why would they hire more people or make more goods? Riddle me that, Batman?
You do not have to be a Nobel economist to know that running a deficit, which is really borrowing money, from China in our case, is just postponing the inevitable rise in taxes…shall I say what it really is? Okay I shall! THE COWARD’S WAY OUT! Politicians try to scare the crap out of the people by saying that their children will be responsible for the deficit, LISTEN…it is a lie……it is their cowardice that your children will be paying for, nothing else.
Good Point and great Input, I think this whole economy issue is a scam. I work in Canada and the banks have tightened up their lending even after our Government handed them Billions? No when I do Car loans people with Better than average credit are being down graded by the banks to interest rates handed out to Bad Credit Car loan People? It makes No Sense other than its a grab bag for Banks
I am stunned how Governments can had Banks huge money without asking Tax Paying Citizens?
This text Car Loans Canada.
hello flixya and thanx for the comment–I have NEVER believed in the trickle down BS of economists…has never worked and yet they still persist in trying to get the American people to buy into the lie.
Oh sorry…I forgot to say that I appreciate the input from our friends to the North…thanx for stopping by.
Sounds like trickle-down to me, too.
2009-2012: The New Reagan-Clinton Administration.
HI girl–yep if it keeps going this a way it could well be labeled that.