Thursday, November 5, 2009
WHY NOW, NOT NEXT WEEK?
Are you wondering like I am, why all this rush to spend billions of dollars. Are you wondering what is the rush, when we have already seen that the results are not going to be forthcoming anytime soon. Did you know it normally takes 6 to 8 years to see the results of an administrations fiscal activity? Do you realise that would mean the good years while Clinton was in office were a result of the REAGAN TRICKLE DOWN YEARS? And that would mean the downturn years that Bush saw were the results of the Clinton years. Yes there were many new jobs created during Clintons years as president. However most of them were in the service industry,(Burger King, McDonalds, K-mart, Walmart, the dotcom takeoff.) not jobs that created product, only consumption. That means no real growth in (Ill show my age here) gross national product. Many of the good paying jobs in the internet field went to imported workers, programers, program writers from India, Pakistan and other parts of the world. These programers came into the Silicon Valley needing housing where there is no room for new housing and they proceeded to drive the housing market up by triple where it had been. Then reason took hold and it fell to natual need levels. But again these businesses did not create hard goods, the backbone of real economic growth. Nothing I have seen looks to be different in this headlong spending spree we are engaged in today. Not only can we not afford the spending happening and being planned, but the spending is once again not being consentrated into industrys that produce real products, hard goods. Products that would support the money being floated into the market by a firehose, by having value in and of itself. This means there will again be more money than product or goods available and this will cause a bidding war for the product available, can you say "INFLATION" It is past time to remove Barney and company from positions of power and decision making along with their ALINSKY TRAINED LEADER, OBAMA.