Whose economic
stimulus?
•
Predictably, we're seeing no positive economic
stimulus results come from pouring huge
sums into the pockets of the people who run the
monstrous corporations that got us into this mess
in the first place. If anything, it's getting
worse. Is this another case of the good ol' boy
network of lawyers and corporate types and
government lifers stuffing their pockets at the
expense of our national interests? Who needs
enemies when we have friends like them?
Double
standards at work . . .
•
Instead of throwing more taxpayers' dollars down
the corporate rathole, why not jump
start the economy by making low interest or no
interest loans available to small businesses
— without imposing disqualifying
requirements on small businesses that are not
required of the mega-corporations?
1. The money will generate immediate
economic activity because small businesses will
use the money for completing postponed repairs,
for hiring help, and for capital expenditures now
on hold.
2. The money will go to people who
have commitments to their neighbors and their
whole communities, locally oriented businesses
disposed to keeping jobs here and not sending
them overseas.
3. A smaller amount of money is
required to stimulate the economy at that level.
4. The immediate response, the
real economic activity, the real jobs in the
neighborhoods, will begin to instill confidence
on Main Street. It is easy to see that
there is zero confidence in the Wall Street
roulette wheel community receiving so much
government and media attention — and so many
taxpayer dollars.
5. The money will come back to the
government in repaid loans, in reduced money paid
out in unemployment benefits, and in new revenues
paid into government coffers by workers who find
employment.
There's much more, of course, but
the first step is to change the mindset and focus
where the action really is — small
businesses that are the economy's prime movers
yet are starving for operating capital. Why is
there a double standard, one for big businesses
and one for small businesses?
More
fiddling around . . .
•
Does the government really have time and
money to spend on regulating smoking when the
nation's economy is going up in smoke? Isn't this
just a 21st century example of Nero fiddling
while Rome burns?
The
Three (thousand) Stooges visit Washington . . .
•
Who are the advisors giving Obama such
incredibly bad advice? About forty-six cents of
every $1 in "economic stimulus" money
is borrowed. Even a college freshman in Econ 101
knows that government borrowing ultimately leads
to higher interest rates. Higher interest rates
ultimately lead to inflation. Inflation
ultimately leads to unemployment. So we have a
team of government advisors who are trying to
solve unemployment problems with programs that
ultimately cause unemployment. Isn't that akin to
trying to put out a fire by pouring gasoline on
the flames?
Another
double standard at work . . .
•
Why is it that congress and the
executive and judicial branches of government
expect the private sector to accept pay cuts and
unpaid furloughs and layoffs, but consider
themselves and their staffs exempt from the same
cuts and unpaid furloughs and layoffs? That's
reminiscent of the old Soviet expression,
"We're all equal in this workers' paradise,
but some of us are more equal than others."
Where are our journalists when we need them?
CityDesk.us City
Editor
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