Saturday, December 6, 2008

The Money Hole


As it stands right now, the great change "change" so often promised by our next president seems to be merely a continuation of the central principle of the Bush administration: if something doesn't work, the only thing to do is to throw billions of taxpayer dollars at it in hope that some of them might stick.

Announced in his weekly radio address on saturday morning, Obama's grand plan to rescue America from joblessness and economic decline is a massive "public works" bill. As could be expected, Obama did not give a price tag for this bill, but adorned it with the usual verbal superlatices such as "investing" and helping our children "compete." Obama did put a number on one aspect of the bill, claiming it will create "2.5 million jobs."

One wonders how lasting these jobs will be. For when the federal funding runs out, the people who are employed by this bill will again be out of work. The economy will not be resurrected simply because the federal employs people to repair highways and screw in brighter lightbulbs in school buildings for a few months.

America's economy was built on agriculture and manufacturing, not pot-hole fillers and lightbulb-changers. America's workers need real jobs with a steady paycheck, not glorified federal allowance money.

However, they are unlikely to get them with Obama's plan to increase taxes on employers and the upper-middle class--in other words, people who own companies and make investments. For in Obama's world, we do not emplyers and entrepeneurs to invest in our economy and start businesses when we can all instead be employed driving a dumptruck on the interstate for $5.00 dollars an hour filling potholes for Uncle Sam.

We will not here any talk from Obama about cutting the size of government and eliminating the public debt. For such actions would lead to people and companies being able to actually keep most of what they earn, allowing that money to be invested in further economic growth. Obama wants a society of dependants rather than a society of independents, a society of people who depend not on the fruits of their own labors, but rather on a little green check mailed to them every two weeks by a government printing machine, buried deep in the bowels of the ever-expanding federal bureaucracy.


Larry said...

I understand what you are saying and I agree, to a certain point. I will say this. Mike Huckabee did a fantastic job in Arkansas, coming into office after the state had been ransacked by Bill Clinton and Jim Guy Tucker. The economy and the roads were in a mess, along with a lot of other items as well. Huckabee was able to get a bond measure passed that funded a lot of road construction. The economy did prosper, in part because of the jobs that were created by the construction. It certainly isn't a cure all, but it will help.

Anonymous said...

Hello !.
You re, I guess , perhaps curious to know how one can collect a huge starting capital .
There is no need to invest much at first. You may commense to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The company represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with structures around the world.
Do you want to become a happy investor?
That`s your choice That`s what you desire!

I feel good, I began to get income with the help of this company,
and I invite you to do the same. If it gets down to select a correct partner utilizes your funds in a right way - that`s it!.
I earn US$2,000 per day, and what I started with was a funny sum of 500 bucks!
It`s easy to join , just click this link
and lucky you`re! Let`s take our chance together to feel the smell of real money

Anonymous said...

Hello everyone!
I would like to burn a theme at this forum. There is such a thing, called HYIP, or High Yield Investment Program. It reminds of ponzy-like structure, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For quite a long time, I earn money with the help of these programs.
I don't have problems with money now, but there are heights that must be conquered . I get now up to 2G a day , and I started with funny 500 bucks.
Right now, I managed to catch a guaranteed variant to make a sharp rise . Visit my blog to get additional info. [url=]Online Investment Blog[/url]