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 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:

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

Posted by Lucknow escorts:

Call us @ 8865052472, and ask for the female model escorts according to your desires with our support team.
Lucknow Call Girls or lucknow escorts services make sure the customer becomes fully satisfied with our services.
We Provide Well Educated High Class Escorts Services.



Call girl in Ashiyana
call girls in Ashiyana
call girl Ashiyana
call girls Ashiyana

escort in Ashiyana
escorts in Ashiyana
escort Ashiyana
escorts Ashiyana

call girl service in Ashiyana
call girls service in Ashiyana
call girl services in Ashiyana
call girls services in Ashiyana

escort service in Ashiyana
escort services in Ashiyana
escorts service in Ashiyana
escorts services in Ashiyana

Ashiyana call girl
Ashiyana call girls
Ashiyana escort
Ashiya
Friday, October 16th 2020 @ 2:48 AM

Posted by Projeksiyon Lambaları:

Projeksiyon Lambaları
Wednesday, October 14th 2020 @ 3:45 AM

Posted by Shiva escorts service in noida:

Shiva Escorts Agency India's Top Best No.1 High Profile Independent Call Girl Service & Top Class Service provider With full Night Shot satisfaction Feedback.

» Shiva Escorts Agency » Images of Call Girl Escorts Service » Top Best Service Provider of Call Girl Escorts » Low & Cheap Rate to Call Girl Escorts Service » Delhi NCR, Uttarakhand » Himachal Agent Contact Numbers
» Escort Solan » Escort Chamba » Dalhousie Escorts » Escort Service in Dharamshala » Escort Service kullu Manali » Kullu Escort » Escort Manali » Manali Escort » Shimla Escort » Escort Ghaziabad » Escort Service Noida » Escort Noida » Escort Service in Faridabad » Escort Service in Delhi » Escort Service in Gurgaon » Escort Service in Ranikhet » Nainital Escort » Dehradun Escort » Escort Rishikesh » Haridwar Escort » Mussoorie Escort » Kumar Escort » Escort Karnal » Escort Kurukshetra » Escort Panipat

» Call Girls in Solan » Call Girls in Chamba » Call Girls in Dalhousie » Call Girls in Dharamshala » Call Girls in Manali » Call Girls in Kullu » Call Girls in Shimla » Call Girls in Ghaziabad » Call Girls in Vaishali » Call Girls in Indirapuram » Call Girls in Noida » Call Girls in Greater Noida » Call Girls in Faridabad » Call Girls in Delhi » Call Girls in Gurgaon » Call Girls in Ranikhet » Call Girls in Nainital » Call Girls in Dehradun » Call Girls in Rishikesh » Call Girls in Haridwar » Call Girls in Mussoorie Call Girls in Karnal » Call Girls in Kurukshetra » Call Girls in Panipat » Call Girls in Yamunanagar

» Escort Service in Solan » Escort Service in Chamba » Escort Service in Dalhousie » Escort Service in Dharamshala » Escort Service in Manali » Escort Service in Kullu » Escort Service in Shimla » Escort Service in Ghaziabad » Escort Service in Vaishali » Escort Service in Indirapuram » Escort Service in Noida » Escort Service in Greater Noida » Escort Service in Faridabad » Escort Service in Delhi » Escort Se
Tuesday, October 13th 2020 @ 1:38 PM

Posted by anikamalhotra:

If you are in Delhi and looking for a call girl then I am Anika Malhotra busty call girl in Delhi escort. If you want to take my services or want to plat erotic games with me then visit my website.
delhi escorts service
Saturday, October 10th 2020 @ 3:53 AM

Posted by uche Paschal:

AS degree
age in 6th grade
age in 4th grade
age in 5th grade
jobs for 15 year olds
jobs for introverts
jobs for 14 year olds
homeschool
homeschool academy
easy peasy homeschool
kinder
Dungeoneer's Pack
Thursday, October 8th 2020 @ 1:43 PM

Posted by bubble shooter:

I want you to thank you for taking the time to write such a wonderful article! I definitely enjoyed every little bit of it and I have bookmarked your blog to check out the new stuff of your blog a great blog.
Wednesday, October 7th 2020 @ 3:34 AM

Posted by Immiguy Giwa:

Bando Hothead
Najeeb Tarakai
George Johnston
Bunny Striker Lee
Najeeb Tarakai Desigb
Paddy Cowan
David Hartmann
Kenny Comstock
Wednesday, October 7th 2020 @ 2:38 AM

Posted by miguy:

Bando Hothead Death – Dead | Bando Hothead Obituary | Cause of Death
Najeeb Tarakai Death – Dead | Najeeb Tarakai Obituary | Cause of Death
George Johnston Death – Dead | George Johnston Obituary | Cause of Death
Wednesday, October 7th 2020 @ 2:34 AM

Posted by Immiguy:

[url=https://www.theartsofentertainment.com/joe-lyons-death-capital-radio-dead-joe-lyons-cause-of-death-obituary/]Cause of Death[/url]
[url=https://www.theartsofentertainment.com/]Tributes to Her[/url]
[url=https://www.theartsofentertainment.com/conchata-ferrell-death-dead-conchata-ferrell-obituary-cause-of-death/]Conchata Ferrell Death[/url]
I really loved reading your blog. It was very well authored and easy to understand. Unlike other blogs I have read which are really not that good.Thanks alot!
[url=https://www.theartsofentertainment.com/gaston-roberge-death-dead-kolkata-based-film-academic-father-gaston-roberge-obituary-cause-of-death/]healthies247[/url] [url=https://www.theartsofentertainment.com/lauren-masterson-car-accident-mike-masterson-car-accident/]healthies247[/url] [url=https://www.theartsofentertainment.com/michael-masterson-car-accident-michael-masterson-in-critical-condition/]I am Good[/url][url=https://www.naijafile.com/noah-messier-somerset-ma-obituary-death-noah-messier-cause-of-death/]Naijafile[/url][url=https://www.naijafile.com/starr-majors-death-car-accident-starr-majors-obituary/]My Blog[/url][url=https://www.facebook.com/deadpeopleandobituarynews/posts/116355963471836]Evaporate[/url][url=https://www.facebook.com/deadpeopleandobituarynews/posts/116394693467963]Tenacese[/url]
Wednesday, October 7th 2020 @ 2:33 AM

Posted by parul sen:

Ahmedabad Escorts
Escort in Ahmedabad
Ahmedabad Escort
Independent Ahmedabad Escorts
Ahmedabad Escort Service
Ahmedabad Escorts Agency
Call Girl in Ahmedabad
Escort Service in Ahmedabad
Ahmedabad Independent Escorts
Ahmedabad Escorts Girls

Ahmedabad Escorts
Escort in Ahmedabad
Ahmedabad Escort
Ahmedabad Call Girl
Independent Ahmedabad Escorts
Ahmedabad Escort Service
Ahmedabad Escorts Agency
Call Girl in Ahmedabad
Escort Service in Ahmedabad
Ahmedabad Independent Escorts
Ahmedabad Escorts Girls

Ahmedabad Escorts
Escort in Ahmedabad
Ahmedabad Escort
Ahmedabad Call Girl
Independent Ahmedabad Escorts
Ahmedabad Escort Service
Call Girl in Ahmedabad
Tuesday, October 6th 2020 @ 3:00 AM

Posted by indore escort:

KISHANGARH ESCORTS>>
NASIRABAD ESCORT>>
JAIPUR ESCORT>>
KOTA ESCORT>>
JAISALMER ESCORT>>
BHILWARA ESCORT>>
ABU ROAD Escort>>
BIKANER ESCORT>>
CHITTORGARH ESCORT>>
SIKAR ESCORT>>
ALWAR ESCORT>>
BANSWARA ESCORT>>
BARAN ESCORT>>
BARMER ESCORT>>
BHARATPUR ESCORT>>
BUNDI ESCORT>>
CHURU ESCORT>>
DAUSA ESCORT>>
DHOLPUR ESCORT>>
DUNGARPUR ESCORT>>
HANUMANGARH ESCORT>>
JALOR ESCORT>>
JHALAWAR ESCORT>>
JHUNJHUNU ESCORT>>
JODHPUR E
Monday, October 5th 2020 @ 1:29 AM

Posted by indore escort:

INDORE ESCORTS>>
INDORE ESCORTS>>
INDORE ESCORTS>>
INDORE ESCORTS>>
INDORE ESCORTS>>
INDORE ESCORTS>>
INDORE ESCORT>>
INDORE ESCORT>>
UDAIPUR ESCORT>>
UDAIPUR ESCORT>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORT>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORT>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORT>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORTS SERVICES>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORTS>>
UDAIPUR ESCORTS>>
AJMER ESCORTS>>
AJMER ESCORTS>>
AJMER ESCORTS>>
AHMEDABAD ESCORTS>>
AHMEDABAD ESCORT>>
Monday, October 5th 2020 @ 1:28 AM

Posted by senorita:

kolkata escort service
guwahati escort service
noida escort service
guwahati escort service
escorts in lucknow
escort service in kolkata
escort service in guwahati
escort service in in noida
escort service in in guwahati
Monday, September 21st 2020 @ 5:06 AM

Posted by senorita:

kolkata escorts
guwahati escorts
noida escorts
guwahati escorts
call girls in lucknow
escorts in kolkata
escorts in guwahati
escorts in noida
escorts in guwahati
Monday, September 21st 2020 @ 5:06 AM

Posted by senorita:

Miss Palak is your best all time companion and female escort serving as an amiable, meek beautiful, obedient, discreet and and decent call girl.
kolkata call girls
call girl in guwahati
noida call girls
guwahati call girls
lucknow call girls
guwahati call girls
call girls in kolkata
guwahati escort
call girls in noida
call girls in guwahati
Monday, September 21st 2020 @ 5:02 AM

Posted by rasmika chopra:

such a very nice article. love it, keep it up.
Escorts Service in lucknow
Wednesday, September 9th 2020 @ 6:30 AM

Posted by senorita:

kolkata call girls
guwahati call girls
call girls in noida
guwahati call girls

kolkata escorts
guwahati escorts
noida escorts
guwahati escorts
Tuesday, September 8th 2020 @ 6:19 AM

Post New Comment

No Smilies More Smilies »