Tuesday, February 10, 2009

The Government thinks it can stimulate the economy, but....

Every since the last quarter of 2008, the big guys have been saying that we are in a recession, and heading into a depression.
It started with the failure of people to pay their mortgages, which some of them should not have had at all.
This can be traced back to President Clinton and the department of housing and urban development, and the chairman of that department, who talked the mortgage companies into giving loans to people who couldn't even pay their credit card bills on time.
Once those subprime loans failed, then those companies started screaming that they migh fail and go out of business.

In their infinite wisdom (notice the heavy sarcasm,) the guys who claim to be smarter than we are (More sarcasm) voted to give 800 million dollars to the Federal Reserve bank to buy the bad loans and free up the credit lines again.
Instead of doing that, the Fed started buying up stock options for the failing banks, and have gone even further in buying stocks in other banks, such as Wells Fargo, Captial One, etc.

Now, in the first quarter of the year 2009, the smart people in washington have just voted to give another 900 million to yet more people to "Stimulate" the economy, but from what I have seen and heard, there is not enough actual infrastructure money set aside to keep us out of a depression. Instead, some of this money is being given to ACORN (The community action group that Obama elected,) the beginning of universal healthcare (Which will kill the medical service in this country,) and has increased the SCHIP program to people who make 80k a year.

In my opinion, this won't stimulate the economy, rather this will bring us down into depression.

If I were asked how to stimulate the economy, I would say.
1) Stop collecting Social security, FICA, and Medicare taxes for two years, which would put more money into people's pockets.
2) Close the borders for five years and keep american jobs for american citizens.
3) Stop giving out free medical care to people who aren't citizens.

In my opinion, if we don't stop these people in Washington from selling us away, we'll end up in slavery to Washington.

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