STIMULUS: HOUSTON WE HAVE A PROBLEM

The problem with honest people is that they are too naïve to understand that their opponents will do anything in their power to torpedo whatever does not serve their purpose and do so come hell or high water even if the nation as a whole is brought in jeopardy. --- Let me quote J. Edgar Hoover: "The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists." He continuous: "The American mind simply has not come to a realization of the evil which has been introduced into our midst. It rejects even the assumption that human creatures could espouse a philosophy which must ultimately destroy all that is good and decent. (FBI Director J. Edgar Hoover, The Elks Magazine, August 1956.)
--- For example the Republicans' attempt to torpedo Obamas stimulus package by making it ineffective, increasing the chances of gaining a Senate majority in 2010, a declared goal of John Cornyn, the Texas Senator. What the Republicans want are tax cuts, no government spending. Let me see now, for 8 years they have cut taxes and spent like there is no tomorrow getting us and our kids into a national debt we never before had. --- Oh yes, I know: the war!! I hope you did not forget that the reason for the Iraq war was pure and unadulterated fraud: the Mushroom Clouds!!! To me it seems like a pattern. Every time we have a Republican in charge the budged deficit skyrockets. Lets go back just to Ronald Reagan. What did Reagan say? Oh yes Government spends too much.
So let me see, now. Our taxes pay for law enforcement, for the fire department, for the department of transportation, for education etc, etc. Due to the loss of tax revenues our states have ever growing budget deficits and are in the process of laying off employees, teachers, cops, firemen.
For example the budget defitis in: New York ($1.7 B), Florida ($2.3 B), New Jersey ($2.1 B), Illinois ($2 B), California ($13.7 B). --- So, lets cut more taxes so we can add more government employees to the unemployment list! We dont need cops, firefighters, or teachers! Lets keep our kids stupid, this way the trust our senators. --- And who cares about the record budget deficits, anyway! --- Well, if you ask me, it sounds to me that tax cuts are the problem, not the solution. In other words the Republican tax cuts will worsen our recession and not act as stimulus. --- Indeed, if we would rely on tax cuts, the money people save would not get spent, rather it will go to pay off debt. Since banks have gotten stingy if it comes to granting credit, no stimulus there. Didnt we just have the experience when we sent checks in February of 2008 to most households? Without ANY effect whatever because people used it to pay off debt? Did it help? Nope! To the contrary it was in late 2008 that everything fell apart, didnt it. The same will happen with tax cuts. Moreover, since tax cuts do increase the national debt, too, we steal from our children without giving them at least an infrastructure or something of value for our use of their money. Even the Neanderthal Economists, the dinosaurs, should be able to see the consequences of tax cuts, so what gives?
Could it be that Cornyn, Shelby, Sessions and their brothers want the stimulus to fail? Lets say so they have a better chance in 2010 to pick up some Senate seats? Now THAT is a reason to screw the nation! So we can get back to the Bush years and engage in their style of deficit spending. Maybe we can even start another war, lets say IRAN oh yes, they too have a mushroom clouds waiting for us! Lets see how who else was into deficit spending, starting with Reagan, - wait a second, didnt he say our government spends too much? Oh, here is a nice graph. Strange that every time we have a Republican president, budget deficits soar and the debt goes up. Now look at Clinton, wow, what the hell did he do wrong? We actually went into the positive? What a difference a day makes make that eight years! From a surplus, the current federal budget deficit during the first four month of this fiscal year starting in October 2008 it hit $888 billion, nearly twice the 2007 figure. --- Dont get me wrong. What I am saying is that certain Senators have lost their credibility when talking about tax cuts. And I am not saying we should use the infrastructure as the sole goal of our stimulus, we need more. I agree with Krugman, we need to invest in education. We need to invest in becoming independent from hostile nations as far as energy is concerned. Any stimulus injecting actual money into the economy will eventually create more tax revenues and allow us to pay off the national debt. --- As it stands, Obama's hope for a bi-partisan stimulus package either is naïve or will fail with disastrous consequences.

Category:

News & Politics

Tags:

• JOHN
• CORNYN
• STIMULUS
• TAX
• CUTS
• ECONOMY
• GOVERNMENT
• EMPLOYEES
• LAYOFFS
• BARACK
• OBAMA
• DAILY
• ANALYST
• MITCH
• MCCONNELL
• RICHARD
• SHELBY

[bvongrabe]

Agreed.

The current economy is in such a deep problem that - as Paul Krugman says - the stimulus needs to be larger - and let me add: needs to be more efficiently distributed. Investing in infrastructure alone doesn't cut it. I will soon update this and offer some solutions and explanations.

[brushes9]

what did you learn in post-war Germany about how to survive in an economic waste-land ..like the one that we are, now, entering? what does the Russian (after-the-fall) example have to teach us about how to survive a crises?  in the kitchen, does it affect the taste if I pull the arms and legs off a Republican while they are still alive?

[bvongrabe]

It absolutely does, ittasts ranzed - is that a word? :)

[buckfush12]

The problem is the fractional reserve system.

[njThaze]

tax cuts are part of the solution. the true problem is that there is no party of small gov. the GOP is as much a big gov party as the dem party. the dept of homeland security is a multi billion $/yr waste that is totally unnecessary. nochild left behind and the dept of ed should be cut. if schools get their $ from local property taxes then their curricuulum should be developed locally. we need to end the empire before it unravels completely. all gov spending takes $ from 1 to give to another

[BuddhaShiva1]

When it comes to government, it is ultimately not about what party we are. It's about reducing greed in society.

[bvongrabe]

THAT will be the day!

[SKUNKBALLScom]

Do you know why California is soo bankrupt.. It's because the unions totally control Sacramento.. You're crazy, you want to tax MORE!?! in a recession? Seriously? You trust that Obama will use the extra stolen tax money to pay off the debt? He'll be using it for more social programs. I agree that Republicans are liars and thieving whores. We cannot give the Iron Fist of America any more money, government is the most inefficient way to do anything. Overpaid LAUSD Teachers = 50% drop out rate.

[blackvipergs]

It seems ur passion is heart felt and u have valid points if it were a simple Govt. .

The recent BAIL OUT , There's problems finding where the $ went and Why and purose served. There has actually been statements that say we DONT KNOW ?

I own a business and so do others I know. I want you to explain the following.example : A business owner makes 2000.00 a mth. bills = 1700.00.

if u cut taxes co has more $ to hire.

if u raise my tax n now i bring home 1500. and bills 1700. =lost job

[LastReplaySC]

everything depends on that simple fact and is the essence of all actual and Physical wealth that can be created.

We basically have runaway currencies fake value bubbles none productive economies for too many people. Things are defaulting to the actual Physical energy input and it is an ongoing process. The only way to make National profits will be WARS that other pay for, ENERGY Efficiency and widespread Independence of OIL for Transportation. We're in the transition phase now!

[LastReplaySC]

I rely heavily on Physical data rather than speculation data on wallstreet.

Check out the IEA reports, those figures are closer to physical reality than Fiat based debt driven over valued market values and speculations .... you ought to stop measuring values in money and return to weight ( as in gold) and on Barrels (as in Oil) the price is any currency irrelevant and only comes to carry some sort of value when it comes to making investments of getting the stuff out of the ground in time.