President Obama is striving to raise the minimum wage to $9.5 an hour. Really? Why reward mediocrity? What possible benefit does that give anyone? What happened to helping the middle class? You see, the rising of input prices is going to increase the costs of goods not only for the poor but for the middle class. By raising the prices of goods Pres. Obama has just lowered effectively the distinguishing line of middle class. Thank Pres. for helping me to become poor.
Recent history shows that the Pres. will offer another bailout, which is the equivalent to saying
"sorry i screwed up the first time, i would like to make it up to you by giving you a bunch of money and screw over your decedents...let's eat and run and stick them with the bill".
Would anyone really do that? Imagine these bailouts are no different than a family going to dinner. The husband wife and older children getting in the car and leaving a 5 year old to foot the bill.
I am so tired of politicians and particularly democrats not thinking. A democrat will tell you that forest fire needs to be left alone because it is good for the forest. Yet they will not let the economy have it's own forest fire. Don't they understand that a recession is good the economy it forces us to think differently, to create, to expand, and to grow. And this type of logic just about typifies every democrat is policy by saying... "it's ok to do it here but not here". Democrats are not standard bearer's but bearer's of moral relevancy. How can people not have a standard?
Tuesday, January 27, 2009
Monday, January 26, 2009
Show Me the Money............
No I am attempting to quote another awful Tom Cruise movie (it all went down hill after Top Gun) I am merely asking a question. Where is the money going to come from? Foreign investors predominately, which is equivalent economically speaking to say that our trade deficit will increase.
I do not claim to be an economist; however, my limited knowledge tells me that there is no difference in being trapped by "foreign oil" or trapped by "foreign debt holders", either way we are trapped. So where is President Obama's $825 billion dollars coming from? Please keep in mind that with every fiscal injection there is a multiplier effect. Example, Government gives a bank $10, I receive a loan for $9 and I buy a car for $5. How much money was injected into the economy? For simplicity sake, more than $10, just look at the money trail. As such, when the government says that we are going to inject $825 it is probably more equivalent to $2-3 trillion in real dollars. Our GDP, is $12 trillion....that means that to get our economy kick started we needed to get a credit card and charge nearly 20%.
Lets make this example hit home, you make $60k a year...not bad. Because of economic times you go out and get a credit card to maintain your lifestyle. You'll charge nearly $20k on credit. Does that sound like a good idea? Or would a better idea reevaluate your finances and do without?
Ultimately, the irony is this predominately Democrats happen to be social conversationalist (I know that is a generalization but it's pretty true). When a forest fire starts, a conversationalist/Democrat will say just let it burn it is good for the forest, and they are very correct. But, when an economic forest fire happens they want every water plane and truck, every able bodied man and women to pitch in and stop the fire. Economic forest fires (recession/depression) are good for an economy. They force change, improvement, efficiency, and a better quality of life in the long-term. That sounds like a double standard.
Do you want another double standard? How about how Democrats complain about a "climate" problem and always mention or legacy blah blah blah, but yet are more than willing eat now and stick their grandchildren with the bill (republicans can do this as well...I know). So I want to thank those ignorant of issues that will truly affect posterity. Last time I checked, I couldn't buy a loaf of bread with a good O-zone...
I do not claim to be an economist; however, my limited knowledge tells me that there is no difference in being trapped by "foreign oil" or trapped by "foreign debt holders", either way we are trapped. So where is President Obama's $825 billion dollars coming from? Please keep in mind that with every fiscal injection there is a multiplier effect. Example, Government gives a bank $10, I receive a loan for $9 and I buy a car for $5. How much money was injected into the economy? For simplicity sake, more than $10, just look at the money trail. As such, when the government says that we are going to inject $825 it is probably more equivalent to $2-3 trillion in real dollars. Our GDP, is $12 trillion....that means that to get our economy kick started we needed to get a credit card and charge nearly 20%.
Lets make this example hit home, you make $60k a year...not bad. Because of economic times you go out and get a credit card to maintain your lifestyle. You'll charge nearly $20k on credit. Does that sound like a good idea? Or would a better idea reevaluate your finances and do without?
Ultimately, the irony is this predominately Democrats happen to be social conversationalist (I know that is a generalization but it's pretty true). When a forest fire starts, a conversationalist/Democrat will say just let it burn it is good for the forest, and they are very correct. But, when an economic forest fire happens they want every water plane and truck, every able bodied man and women to pitch in and stop the fire. Economic forest fires (recession/depression) are good for an economy. They force change, improvement, efficiency, and a better quality of life in the long-term. That sounds like a double standard.
Do you want another double standard? How about how Democrats complain about a "climate" problem and always mention or legacy blah blah blah, but yet are more than willing eat now and stick their grandchildren with the bill (republicans can do this as well...I know). So I want to thank those ignorant of issues that will truly affect posterity. Last time I checked, I couldn't buy a loaf of bread with a good O-zone...
Subscribe to:
Posts (Atom)