Mrcauser’s Weblog

Just another WordPress.com weblog

We need to let the first stimulus run it’s course….

leave a comment »

Most of the it occurs starting mid 2010-2011. Huge construction make overs hit the economy and will drive the next boom. Housing and stocks sky rocket again. The next bust will make the 2008-2009 look like a fart in the wind storm.

The geezers are broke and will retire over the next 10-15 years and sell their stocks and houses to eat. No way the younger generations are going to afford 100,000 to 1 million in debt a piece.  We will inflate until there is no way out. That’s to protect the gangsters running the system.

Printing press money always ends badly. Empires need to war for assets as their citizens no longer produce anything of value the world can afford. Therefor the printing presses go full blast just to keep up with promises to keep the elites in power.

Then the the rich and powerful  get murdered.

Of course that can’t happen here. We only have a couple hundred million guns, right?

Op-Ed Columnist – The Phantom Menace – NYTimes.com

Now, it’s politically difficult for the Obama administration to enact a full-scale second stimulus. Still, he should be trying to push through as much aid to the economy as possible. And remember, Mr. Obama has the bully pulpit; it’s his job to persuade America to do what needs to be done.

Instead, however, Mr. Obama is lending his voice to those who say that we can’t create more jobs. And a report on Politico.com suggests that deficit reduction, not job creation, will be the centerpiece of his first State of the Union address. What happened?

It took me a while to puzzle this out. But the concerns Mr. Obama expressed become comprehensible if you suppose that he’s getting his views, directly or indirectly, from Wall Street.

Ever since the Great Recession began economic analysts at some (not all) major Wall Street firms have warned that efforts to fight the slump will produce even worse economic evils. In particular, they say, never mind the current ability of the U.S. government to borrow long term at remarkably low interest rates — any day now, budget deficits will lead to a collapse in investor confidence, and rates will soar.

Advertisements

Written by mrcauser

November 30, 2009 at 5:29 pm

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: