Powered by Bravenet Bravenet Blog

Subscribe to Journal

Tuesday, August 24th 2010

7:42 AM

Republicans and Democrats Are Both Wrong About Economic Fixes


Bookmark and Share

While I support Democrats, holding my nose, because they are less warlike, both Republicans and Democrats are not getting it right about the economy. I will try to explain the position of each and give my views which I think could help.

First, Larry Summers and Tim Geithner of the Obama administration are wrong in their thinking. They think that you can just supply loans like in an ordinary recession and people will suddenly go out and apply for those loans. They totally ignore the fact that Americans are still in too much debt, have defaulted and soured on loans, or are becoming frugal as the price of goods and services, including housing, goes down. And these must go down as they have been artificially inflated for years. That will give Americans who have jobs, a raise in buying power. Geithner and Summers cannot fix anything with this supply of loans in a deflating economy. Economics is the "science" of supply and demand. You can't fix the economy by supply if you have no demand for the loans.

Second, the Republicans want to cut, cut, cut. However there is a flaw in drastic cutting because we are in a deflationary economy and massive cuts will put more money into the hands of the wealthy, because of tax cuts, while even more middle class jobs will disappear.

Now, I realize there have to be loans in society, in measure, and there have to be some cuts as revenue is declining. However, we have to be smart about cutting and stimulus. We can cut some, and it is important that we do so. I am against the IMF way, which would result in massive austerity, cuts and a VAT tax, a hidden tax, on goods produced. The IMF way, which apparently the Tea Party is backing without even knowing about the IMF, is doomed to failure and we will have a massive depression. IMF like austerity is occurring in Ireland and they are having their bond ratings cut. Hear this Tea Party? Yes, cut some, but gradually. You don't take an addict off credit cold turkey or you could kill the addict.

While I don't know that a massive depression can be avoided, there are a couple of things we need to do and do now. First, we can cut military spending because our military is a gazillion times larger than any other. We need a defensive military that is superior to all others, but without an aggressor force that has moral and ethical compromises as seen by oil wars being fought in recent US history.

So, we can cut the military as they don't produce more jobs. And we can claw back wealth gleaned by the richest Americans as now 10 percent of the population controls 93 percent of the wealth. This is very unhealthy in our economy going forward. So we need to tax the wealthiest of Americans and if they leave the nation we tax their assets. It has to happen. But in return, we take some money and use it for America. We invest in high tech that will guarantee the creation of jobs. We as Americans, take a partnership stake in projects with major corporations with cutting edge technology.

We have to create jobs, and we have to do it with government's help. But we do it with the understanding that the overall budget must decline. All departments must trim their budgets. And we can do all this if the Republicans and Democrats will work together, but I haven't seen the willingness for them to do this.

So I don't know if America is up to the task of real job growth and economic expansion in a way that protects taxpayers and keeps the deficits down, but not massively cut in this vulnerable time. And I still think that we are in for a long winter without some sort of jubilee forgiveness of debt. What do you guys think?

PS. Don't forget, class warfare came from the top. Class warfare came from Wall Street ponzi loans. And CNBC shills will tell you otherwise. They think class warfare is coming from people who are smart enough to walk away from their crap loans, doomed-to-failure loans. But that isn't how it is. Don't be fooled people, Wall Street attacked you with usury on credit cards and with ponzi loans doomed to failure. And don't think that it is socialism that will do us in. Crony, fascist capitalism that is not really a free market will do us in as the wealthy get wealthier and the rest will die on the vine.


Archive Link
30 total comments.

Posted by Elinor:

always i used to read smaller articles or reviews which
also clear their motive, and that is also happening with this article which
I am reading at this place.

My web site :: Buy Arnela online
Sunday, March 7th 2021 @ 11:14 AM

Posted by charlibilson:

Posted by charlibilson:

Posted by charlibilson:

Posted by charlibilson:

Posted by charlibilson:

Posted by charlibilson:

Posted by charlibilson:

Posted by directions map:

I really appreciate this great article that you gave us. with lots of valuable information.
Wednesday, March 3rd 2021 @ 7:09 PM

Posted by edugrossonline:

Posted by Samara:

My developer is trying to convince me to move to .net from
PHP. I have always disliked the idea because of the costs.

But he's tryiong none the less. I've been using WordPress on several websites for about a year and am anxious about
switching to another platform. I have heard fantastic things about blogengine.net.
Is there a way I can import all my wordpress content into it?
Any help would be really appreciated!

my web-site: Buy Zobru online
Sunday, February 21st 2021 @ 1:52 AM

Posted by Noreen:

Magnificent beat ! I wish to apprentice while you amend your site, how
can i subscribe for a blog site? The account helped me
a acceptable deal. I had been a little bit acquainted of this
your broadcast offered bright clear concept

Also visit my blog post: buy cialis
Wednesday, January 27th 2021 @ 4:02 PM

Posted by sona sinha:

Best escort service in guwahati asssam They are flawless and have a shocking face. who work with us give lodging escort services escort service in g s road at reasonable rates. The nature of escort service they offer is second to none. A few people need young ladies for individual services and get genuinely happy with the bed. call girls in g s road | g s road escorts | escort service in g s road | call girls in pan bazar | pan bazar escorts | escort service in pan bazar | call girls in tinsukia | tinsukia escorts | escort service in tinsukia | ganeshguri escorts | call girls in ganeshguri | escort service in ganeshguri |A few people need young ladies for individual services and get genuinely happy with the bed ananda nagar escorts | call girls in ananda nagar | escort service in ananda nagar | gopinath nagar escorts | Monday, January 25th 2021 @ 2:34 AM

Posted by sona sinha:

*Best Escorts Service In Faridabad


faridabad escorts are the best escort organization that gives call young ladies or escort services to customers for incall or outcall office to customers. Our expert call girls in faridabad can turn your exhausting day to a fascinating one.


visit us:-


faridabad escort service | escort service in faridabad | escorts service in faridabad | escorts in faridabad | escort in faridabad | faridabad call girls service | faridabad call girl service | female escorts in faridabad | sexy call girls faridabad


These sexy call girls in faridabad can turn you on with astounding foreplay and strip dance. Escort office gives a wide assortment of female escorts to customers like school call young ladies, housewife escorts in faridabad, russian escorts in faridabad, foreigner escorts in faridabad , college escorts in faridaba

Posted by sona sinha:

INDEPENDENT CALL GIRLS Customers can pick any one that claims to them most extreme as indicated by their financial plan and book them for getting escort services. These website can give you best services that you want, click an d cheack it out.


Faridabad escorts, Faridabad call girls, Faridabad escort services, escort services in Faridabad, call girls services in Faridabad, call girls in Faridabad,escorts in Faridabad, Faridabad escort,call girl in faridabad, faridabad call girl.


They can invest sentimental energy with them together and appreciate the night. In the event that you need female friendship and need ladies for most extreme delights, at that point you can recruit faridabad call girl from us. These expert escorts give alleviating knead services that can give you help from old torment also. All you require is to talk with our escort service manager and book a night with faridabad escorts.

Monday, January 25th 2021 @ 2:32 AM

Posted by sona sinha:

*Best Escorts Service In Faridabad


faridabad escorts are the best escort organization that gives call young ladies or escort services to customers for incall or outcall office to customers. Our expert call girls in faridabad can turn your exhausting day to a fascinating one.


visit us:-


faridabad escort service | escort service in faridabad | escorts service in faridabad | escorts in faridabad | escort in faridabad | faridabad call girls service | faridabad call girl service | female escorts in faridabad | sexy call girls faridabad


These sexy call girls in faridabad can turn you on with astounding foreplay and strip dance. Escort office gives a wide assortment of female escorts to customers like school call young ladies, housewife escorts in faridabad, russian escorts in faridabad, foreigner escorts in faridabad , college escorts in faridaba

Posted by Kareem:

Doеѕ anyߋne here on bravejournal.com wants tօ turn intⲟ a Hemp and will stools become oily when taking cbd oil reviewer ѡith JustCBD and review
hemp infused products like CBD Topicals Get in touch іf you would lіke to get involved
Wednesday, January 20th 2021 @ 2:29 PM

Posted by neha singh:

Posted by Nishu Roy:

Posted by kajalservice escorts:

[url=http://www.mussoorieescort.com/]Female Escort Service Mussoorie[/url]
[url=http://www.mussoorieescort.com/dehradun-escort/]Female Escort Service Dehradun[/url]
[url=http://www.mussoorieescort.com/rishikesh-escort/]Female Escort Service Rishikesh[/url]
[url=http://www.mussoorieescort.com/manali-escort/]Female Escort Service Manali[/url]
[url=http://www.mussoorieescort.com/haridwar-escort/]Female Escort Service Haridwar[/url]
[url=http://www.mussoorieescort.com/nainital-escort/]Female Escort Service Nainital[/url]
[url=http://www.mussoorieescort.com/shimla-escort/]Female Escort Service Shimla[/url]

[url=http://chandigarhcallgirlsnumber.com/kasauli-call-girls/]Kasauli Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/shimla-call-girls/]Shimla Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/manali-call-girls/]Manali Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/haldwani-call-girls/]Haldwani Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/ramnagar-call-girls/]Ramnagar Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/nainital-call-girls/]Nainital Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/haridwar-call-girls/]Haridwar Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/rishikesh-call-girls/]Rishikesh Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/dehradun-call-girls/]Dehradun Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/mussoorie-call-girls/]Mussoorie Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/panchkula-call-girls/]Panchkula Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/mohali-call-girls/]Mohali Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/zirakpur-call-girls/]Zirkpur Escorts Service[/url]
[url=http://chandigarhcallgirlsnumber.com/ambala-call-girls/]Ambala Escorts Service[/url]
Tuesday, December 22nd 2020 @ 3:20 AM

Posted by shally:

Posted by rasmika chopra:

I was reading some of your content on this website and I conceive this internet site is really informative!
Delhi Call Girls
Call Girls in Delhi
Delhi Call Girls
Keep on putting up.
Thursday, December 17th 2020 @ 5:24 AM

Posted by escort service:

Posted by Bernard:

Does anyone hеre on bravejournal.com wants to tսrn into a how muc cbbd Is neеded foг anxeity - justcbd.com.co, reviewer wіtһ us and review CBD infused products liқе CBD Tincture DM me if intеrested
Monday, December 7th 2020 @ 5:10 AM

Posted by norton antivirus login:

www norton com enroll
norton antivirus login
www norton com enroll
Wednesday, October 28th 2020 @ 1:26 PM

Posted by ajmer escort service:

Posted by ajmer escort service:

NASHIK ESCORT >>
RAJKOT ESCORT >>
RANCHI ESCORT>>
SAHARANPUR ESCORT >>
SURAT ESCORT >>
UDAIPUR ESCORT>>
VADODARA ESCORT>>
VARANASI ESCORT>>
VISAKHAPATNAM ESCORT>>
AGRA ESCORTS>>
PATNA ESCORTS>>
KANPUR ESCORTS>>
MANALI ESCORTS>>
NAGPUR ESCORTS>>
KULLU ESCORTS>>
DEHRADUN ESCORTS>>
LUDHIANA ESCORTS>>
LUCKNOW ESCORTS>>
PUSHKAR ESCORTS>>
PUNE ESCORTS>>
CHANDIGARH ESCORTS>>
JAPUR ESCORT SERVICE>>
AGRA ESCORT>>
VARANASI ESCORTS>>
LUCKNOW ESCORT>>
DEHRADUN ESCORT>>
JAPUR ESCORT SERVICE>>
VAPI ESCORT>>
Tuesday, October 27th 2020 @ 11:51 PM

Posted by vadodara escort:

Rae Bareli Escort
Rampur Escort
Saharanpur Escort
Sant Kabir Nagar Escort
Sant Ravidas Nagar Escort
Sambhal Escort
Shahjahanpur Escort
Shamli Escort
Shravasti Escort
Siddharthnagar Escort
Sitapur Escort
Sonbhadra Escort
Sultanpur Escort
Varanasi Escort
Ahmedabad Escort
Amreli Escort
Anand Escort
Aravalli Escort
Banaskantha Escort
Bharuch Escort
Bhavnagar Escort
Botad Escort
Chhota udaipur Escort
Dahod Escort
Dang Escort
Wednesday, October 21st 2020 @ 12:21 AM

Posted by vadodara escort:

Bulandshahr Escort
Chandauli Escort
Chitrakoot Escort
Deoria Escort
Etah Escort
Etawah Escort
Lucknow Escort
Farrukhabad Escort
Fatehpur Escort
Firozabad Escort
Gautam Buddha Nagar Escort
Ghaziabad Escort
Ghazipur Escort
Gonda Escort
Gorakhpur Escort
Hamirpur Escort
Hapur Escort
Hardoi Escort
Hathras Escort
Jaunpur Escort
Jhansi Escort
Kannauj Escort
Kanpur Dehat Escort
Kanpur Escort
Kasganj Escort
Tuesday, October 20th 2020 @ 10:59 PM

Posted by Lucknow escorts:

Call girl in Aminabad
call girls in Aminabad
call girl Aminabad
call girls Aminabad

escort in Aminabad
escorts in Aminabad
escort Aminabad
escorts Aminabad

call girl service in Aminabad
call girls service in Aminabad
call girl services in Aminabad
call girls services in Aminabad

escort service in Aminabad
escort services in Aminabad
escorts service in Aminabad
escorts services in Aminabad

Aminabad call girl
Aminabad call girls
Aminabad escort
Aminabad escorts

Aminabad call girl service
Aminabad call girls service
Aminabad call girl services
Friday, October 16th 2020 @ 2:49 AM

Post New Comment