President Jimmy Carter II's Growth Problem
Not even plastic surgery can make President Barack (Scratch) Jimmy Carter II's Growth Problem for 2009 look better.
Billions of taxpayer dollars poured down the drain to save the banks....
Over 700 billion spent on a "Economic Recovery Plan" that has left everyone befuddled and confused as to why they titled the plan "Economy Recovery." The plan consists of pure 100% across the board short term spending.
If I went to the hospital and donated blood this year.... Then why is it that the Hospital will seek out more Blood Donors next year? for that matter... next week? or tomorrow?
Let's say I shop at TARGET.... and I buy everything off their shelves.... WOW! Business is booming at Target right? right? Sure.... for that 1 weird "Guy walks into the store and buys everything" day. After the store re-stocks their shelves...sits around waiting for more customers....
and they don't come.... Guy who bought everything is gone! his money spent... he never comes back to Target....
So what we have now....is exactly that.... State after State that received "Bailout Cash" from the Recovery Plan.... all of that money goes *POOF* *GONE* by the next Fiscal Year.... That's a few short months away folks.... Starting October 1st, every one....every business... everywhere...They are just like that Target Store that just restocked their shelves only to be hit with the *&^% storm of total lack of consumer spending.
A "REAL" economic recovery plan:
1) Lowers the tax burdon over a long period of time for America's businesses,
2) Limits or removes environmental restrictions that make business more expensive,
3) TORT REFORM to protect hospitals from outrageous lawsuits
4) Cut the Capital Gains Tax
5) Eliminate Department of Education and pass Voucher System for all along with a Charter School, Private School approach that isn't controlled by a Teacher's Union.
6) Take on a KING DOLLAR approach by cutting social spending by the Billions, Pass FED. Congressional TERM LIMITS.
We need to VALUE our DOLLAR... Right now we are DE-VALUING our dollar.
When you VALUE the dollar, exports go down..... But last I checked...Consumer Spending not Exports make the bulk of America's economy. If the value of our money goes UP..WAY UP.... Then guess what? Prices at stores go down! way down! And this acts as a far better Tax Cut than the JIMMY CARTER II Payroll Tax Cut that nets you $15 per paycheck.
Seriously folks.... Everyone whining about the DEFLATIONARY spiral..... So what? We actually NEEDED the defalationary spiral. That's why we saw huge spending in Q1 and total lack there-of in Q2. BRING BACK DEFLATION!!