Oh No; Not Plan “B”
Good Morning out there to the live and sane, your King of Simple News is on the air.
U.S.NEWS: Alan “Cash” Greenspan in past days said, “The current financial crisis in the
To Mr. Greenspan’s remarks, I say this, “Put a cork in it.” Why would anyone listen to a guy who led us into this mess with reckless monetary practices and who also said that housing would make a soft landing? Or who said that the housing sector was not large enough to bring down the entire economy. The three strike rule has to apply and Cash is out of the game.
With
I say we pull the presidential and congressional troops out of the
I want to lay out the risks of the new economic recovery plan, should it not work as planned. Or more aptly; when it doesn’t work as planned. I’ll abbreviate this as much as possible in the interest of eye strain.
The
The simplified method of raising wages across the board would be to raise the minimum wage to $20.00 per hour. The only thing that keeps Congress from doing just that, is input from some of the Congressional aids who graduated from 8th grade and have pointed out that it would bankrupt every business in
Okay, then its plan “B” known as the backdoor approach, which is to lower interest rates to the level of a snakes belly in a wagon track, prop up the banks, order a dozen new printing presses, and pass out money to the point where a dollar isn’t worth spit. Looks good to me.
When this plan reaches the desired result of a corn dog costing 10 bucks, employers will be forced to either raise wages to keep employees from starving to death on the job or firing them and taking the companies production to
But more importantly the dollar will be so worthless that it will take $100,000 to buy a nice wall tent, making existing housing appear cheap. “AH-hah, so that’s plan ‘B’,” I hear you say. I was nearly blinded by the lights coming on out there.
So there you have it, the “inflation based back door economic recovery program.” What could possibly go wrong?
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The only thing that could go wrong, is what got us here to begin with; America’s indifference to how our government is really supposed to work, unwillingness to participate in educated unity, laziness and the belief that THEY will pull it out of the bag before it gets too bad. Problem is (and I realize I am beating a dead horse); THEY is you. This is the hurdle that must be cleared before ANY real change will take place. -bb
BB,
As we have talked many times, personal pain is the only catalyst that will spur action. Apparently that pain is currently not sufficient to produce the desired results.
As this year goes on, Ron Paul will appear to the the economist that he his; hiding in plain sight.
David Walker, the best Comptroller General that this country has ever had, resigned and took a position where his work will be both taken seriously and appreciated.
I’m off to round trip Colorado Springs today, so I’ll check in tonight.
Hey Mike, I love Colorado Springs, hope you have a great time. Our marvelous government is inflating our money to deflate our citizens to a point that they will do anything to stay alive including backing the government in anything they want to do. This is the kind of thing Hitler took advantage of in Germany in the 1930’s. Of course, he was handed a country already in a great depression. Our government is having to cause ours to achieve the same results. It is really scary to think about it in these terms. It really does make one wonder about what is going on. I know anytime we mention A. Hitler everyone immediately brands us a conspiracy nut but it just tain’t true. The way things are going here on this planet it is very hard not to have conspiracies somewhere in the back of your mind. I had several Aunts and Uncles in my family that used to see conspiracies in almost everything which I thought was funny. Somehow that has lost it’s humor in our situation today. Hope you had fun in the Springs today!
Michael,
It was beautiful trip, but 535 miles since we left and I’m beat.
There are consequences to certain actions that were never intended. The rich for instance didn’t set out to wreck Middle America. They set out to remain rich and that wrecked Middle America.
I understand your comments about Hitler as demonstrating what can happen when people are desperate. If we turn to government for help, we could end up with a dictator of sorts.
This will wrankel some folks, but Franklin Roosevelt used the plight of the people to gain enormous power and to enact such things as making all of the citizens turn in their gold and going to a fiat currency.
He also remained in office for 12 years and was somewhat of a dictator. Had he not died in office, he would have tried to stay for 20.
My point is not bashing FDR, but pointing out that a depression does strange things to people and leaders.
Mike, Yep!, Desperate times begat desperate actions. One of the best things FDR did was bring into being the 2 term limit into being. Maybe the current Congress will bring the 2 term limit into being for them and the Supreme Court. One can always hope! On another humerous note, have you seen todays Opus cartoon? If not I can scan it and send it to you. It is one you will really like on growth! As far as the rich there seem to be two separate groups. Those that are rich due to their work ethic and brains, and those who are just greedy and want it all no matter what the price. I have a good deal of respect for those like Bill Gates and Warren Buffet. Not only for their wealth but their responsiblity to us non-wealthy folks. Buffet recently griped about his paying less taxes than his secretary and both of them have been funding charities and pushing for better government. Gee, I wish I could trade some of my problems for theirs. Have yourself a good day Mike!