EEK!!!!!onomics

Okay, let's say that I am broke, there is no credit available, and I rely on the kindness and generosity of others for my sustenance and available cash. Is it possible for me to spend my way our of debt? No! Unless I have the ability to print money. Aha!!

The US cannot spend its way out of recession. Japan tried it, and the next ten years was called the "lost decade." George Bush screwed up an economy that could have been fixed, if it was left alone. The "sub-prime" mess was possible because of a policy proposed by the "great legislator," Jimmy Carter; and instituted under Bill Clinton. Someone thought that owning a home was a right, and not a privilege. Legislation was passed that urged credit to be given to people who could not afford it and wouldn't pay anyway.

This led to a fake boom. After a boom comes a bust. It is a natural cycle. The cycle was aborted by Bush when he would not allow certain businesses to fail. If the natural cycle would have been allowed, there would be no recession, just a lean and mean economy. Survival of the fittest.

When you allow a floor to be placed under bad businesses, then you erect a ceiling above fundamentally sound businesses. If you allow the economy to work, then great businesses will end up paying much more in taxes than it would cost to keep bad businesses afloat -----even with a tax cut, which is what is needed.

When give-away programs are instituted, the multiplier effect on the economy is about 1:1. Tax cuts effect about 3:1.

One more thing. Limiting salaries of executives in companies who have received TARP money -----------------DUMB!!!!!!!!!!!!!

Goldman Sachs, and others who received no tax money, or gave it back, can now take the cream of the crop from Bank of America, Citi, and others. Leaving them to be run by lessers and politicians.

I KNOW A GUY WHO ALSO GOT INTO TROUBLE FOR MAKING BIG MONEY -------- IT WAS ABOUT A QUARTER-INCH TOO BIG ON ONE SIDE.


WHERE'S THE PRINTING PRESS?