GREAT POST!

The founders wanted our states to be incubators of ideas, before foisted on the nation at large. That would be one of the most interesting ones I can consider. It would be fascinating to see a single state try something along those lines and then study the consequences!

Well done, lady.

One of the problems is they continue to promote the idea of Keynesian ‘priming the pump’. How can spending be the answer? We’ve been doing this (both individually and our government) for decades, and it has brought us to the brink:
ttp://www.lewrockwell.com/paul/paul511.html

We cannot demand ourselves wealthy. (I know—I’ve tried. ) We cannot vote ourselves rich:
http://capitalisthero.com/Keynesian_Economics.php?gclid=CPf26aPjnZkCFRWbnAodvHMUDA

Spending would only prop up the bubble temporarily. The longer we do this artificially, the more difficult the correction will be in the end. We need to change course. Instead of creating a bubble economies, we need to increase production of goods and services—stuff people (preferably outside our country) will buy. THAT is the real way to increase stability and grow the economy—a real economy, not an artificially supported one. And people saving helps to that end: they put their money in the bank and businesses can borrow it to grow.

This suggestion to go to an equivalent of -5% is deplorable. What about all the people relying on a little interest from their retirement savings? (or at least that it doesn’t loose value) And how is the middle class, already trying to save for retirement, kids’ college funds, and pay off mortgages and other loans, supposed to benefit from this? (rhetorical) Plus we’ve got the kids and future generations already owing before they even learn to walk and talk and voila—all the normal people out here (ie in nonObamaland) get wholloped.

All of these bad decision and this administration’s display of ignorance are creating hesitancy and further uncertainty in the markets: http://mises.org/story/3413 Businesses are on hold thanks to the shenanigans–THAT is the problem. Thanks, Obama, Geithner et al. You are idiots.

PS–Audit the Fed!!!!!!!! HR 1207 http://www.youtube.com/watch?v=hlmXUiEgNO8

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/27/EDTC175INR.DTL&hw=tom+campbell&sn=005&sc=685

I really am afraid Geittner and Co. are making things worse, especially when combined with the out-of-control spending planned by the Dems. Some Dem ideas are good but implementing them now seems irresponsible.

Karl Denninger’s site has the vid posted here,
scroll to the bottom:

http://market-ticker.denninger.net/

I think the only defense we have is continuing information.

… But the plan would allow Obama’s signature $400 tax cut for most workers and $800 for couples to expire at the end of next year.

Hope …

This is from an article in the St. Petersburg Times Newspaper on Sunday.

The Business Section asked readers for ideas on “How
Would You Fix the Economy?”

I think this guy nailed it!

Dear Mr. President,
Please find below my suggestion for fixing America ‘s
economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan. You can call it the Patriotic Retirement Plan:

There are about 40 million people over 50 in the work
force. – Pay them $1 million apiece severance for early retirement with the following stipulations:

1) They MUST retire. Forty million job openings -
Unemployment fixed.

2) They MUST buy a new American CAR. Forty million cars ordered – Auto Industry fixed.

3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed.

It can’t get any easier than that!

P.S. If more money is needed, have all members in Congress and their constituents pay their taxes…

If you think this would work, please forward to everyone you know. If not, please disregard.