What’s Cracking World???
Alright, somebody has GOT to explain to me the thought process behind Obama’s economic plan! I’ll spare you the reminder of my earlier posts where I discussed why/how Obama-mania seems to have gone a tad overboard…and being a resident of metro-DC, trust me – this thing is waaay out of control. The main idea is this: Although President Obama does offer fresh outlooks and ideas as to the direction and functionality of US governement, it kinda feels like ANYTHING he does right now is as good as gold. To be clear, I like Obama. BUT! My main concern with his platform and with the Democratic ticket was (and still is) THE ECONOMIC POLICIES SUGGESTED ARE UNREASONABLE! Here’s my brief summary:
Obama’s proposing an $825 billion economic stimulus plan in which American taxpayers would receive another check from the US gov’t in hopes that retail spending would be jumpstarted and actually result in revenue via the government’s investment in American spending.
I have 2 HUGE problems with this idea(ology):
1. Anybody with even a loose grasp of personal finance WILL NOT spend this money! Take me, for instance, I’m DEFINITELY gonna apply this check towards my debts and bills which results in absolutely NO market gain for the retail sector (although I am aware that the banking institutions will benefit from my money regardless). I feel like for every beer drinking, blue collar worker who runs out and buys a flat screen with the money, there will be at least one tax payer sharing my mindset and either holding the money or applying it outside of the retail sector.
2. Bear with me – Consider the mindset that this “economic plan” supports. Here we are as a country waddling around in $10.7 trillion dollars of debt…and our plan is to spend more?! I would MUCH rather apply the $825 billion to retain those jobs in peril of being lost (at GM, AIG, Caterpillar, Pfizer, etc.) than to hope that American spending habits won’t change (nice play on words, if I do say so myself LOL). I mean, would you rather lose your job and get a $1000 check from Obama, or keep you job and be able to sustain paychecks over the long haul? It’s so typically American to support this “quickfix” plan without considering the long-term effects and downfalls. Problems in Japan? Just nuke ‘em! Got a couple of Muslim terrorists??? Suspend Civil Liberties! Tough economy??? Throw the President out! Sound ridiculous yet??? It’s far reaching. It’s stereotype-inducing. It’s American reasoning. The reason that we are in this mess to begin with is an over-reliance on credit and spending without saving and instead of addressing these issues, we are supposed to go along with relying on the problem to be the solution??? I just don’t get it.
What do you think??? Do you welcome the stimulus check to relieve a little financial stress at home (I can’t blame you) or do you see Obama’s plan as a short term gamble…with $825 billion of American tax money???
// TCS
Although tough to bite, I think a now solution will prevent us from going crazy in the mean time. This is more of a buyout, than a bail out, buying us more time (or not). But check out what this Georgia Congressman has proposed…. I’m interested in hearing your point of view
http://www.11alive.com/rss/rss_story.aspx?storyid=126169
Welcome Back Mix!
Hmm…after reading about 3 sentences, my sarcasm alarm was just too loud to ignore LOL. Obviously, Congressman Broun is being a bit fecicious in his proposition, although his point is well taken. Under his more plain and understandable division of the enormous $825bil, each American taxpayer would get an equal cut…which just makes it even more apparent to me just how ridiculous this “bailout” is. How can we, as a country, find it responsible to give each taxpayer $9000 in a recession?! Again, imagine the impact if this money was planted within those companies handing out THOUSANDS of pink slips (with regulations firmly in tact with the money of course).
It’s all pretty damn childish. To me, it’s the high school crack dealer mentality (word to Frank Lucas LOL). They buy into making $5,000 a week for 20 weeks (before they get arrested, of course) as opposed to using education and the system in place to profit over a LIFETIME! Moral of the story? You’ve gotta travel safe and slow to go far and well.
You know what? I’ve been scared to say it for a while but…I think I’m turning REPUBLICAN (maybe that’s why I haven’t been giving as much change to the bums around my house lately LOL)!