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Posts Tagged ‘Barack Obama’

If there is one thing that today’s U.S. government excels at, it is obfuscation. Take, for example the current fiasco known as sequestration. The ordinary citizen might be forgiven if he thought that this was something like castration. Actually, he would be pretty close. However, for the United States, it might be even worse. 

I suppose its a tip off when politicians hide behind words derived from Latin that have migrated into old English law. By the time the word gets to America by way of the Roman and British empires, the U.S. politicians can make the word mean anything they want it to mean. It’s sort of like the words in Alice in Wonderland

The Latin word sequester, which is the root for sequestration, simply means a depositary, i.e. a person with whom you store something of value. So, you might surmise that when the government sequesters something, they are putting it aside for safekeeping. However, in today’s U.S. government-speak it means taking away money from lots of necessary or vital programs in order to cause so much suffering to the people, that the weakest part of the government will cry, “UNCLE!!” and give up, and the other part of the government will have its way. Clever, isn’t it?

One might have thought that President Obama, good guy that he is, would have acted as Superman and said, “Not only no, but HELL NO!” But he didn’t. Instead, he grinned like the Chesire cat and signed the Sequestration Legislation into law, thus setting in motion a series of gut wrenching, job killing , government spending cuts that helps no one. Then he gaily went about fiddling while Republican Senators and Representatives heads should have exploded (figuratively), like what happened to the invading Martians in the classic movie, Mars Attacks. (Still one of my favorite movies, and I have no idea why. But I do like the song.)

Unfortunately, the heads of the Republicans did not actually explode because their brains are protected by being in thrall to the “Tea Party” fanatics (no relation whatsoever to the heroes of the real Boston Tea Party) who seem to make up the core of today’s Republican Party – at least the intellectual wing of the Party. Clearly, the entire Republican Party has drunk the Kool-Aid, and it is that which apparently prevents their heads from exploding.

Even so, it seems that President Obama has failed to notice this lack of exploding heads amongst the Republican brotherhood who are meanwhile doing their very best Alfred E. Neuman “What me worry?” impression, i.e. they are doing nothing. 

While America burns.

OK. I know. I get it. They’re not really that stupid, are they? No, of course not. What’s really happening is that they are all playing a giant game of chicken, you know, like when two teenagers get in their cars and drive towards each other at 100 miles per hour and then we get to see who is chicken when one of them turns away in order to avoid a horrific, head-exploding, collision. The thing that I worry about is that I’m not sure that either Obama or the Republicans have the brains, or the maturity, of a hormone-saturated teenage boy, or for that matter even the brains of a hormone-saturated teenage bull.

This, of course, could be very bad news for the country. But who cares? After all, the members of Congress are mostly millionaires and you can be sure the U.S. Lobbyist Core in Washington will see to it that they are well taken care of, no matter what. And Obama? What does he care if massive layoffs go into effect and the nation goes into an economic death spiral and people start fleeing the country for the good jobs in Mexico? After all, won’t that solve the illegal immigration problem? As they say, “it’s an ill wind that blows nobody good.”

So maybe Nero had the right idea, when Rome burns, go with the flow. Don’t worry be happy. See! That’s why Obama actually signed the law ordering the massive budget cuts! It’s the Roman way: first you sequester, then you burn the city down, then you fiddle while Rome burns. 

Except for one little thing. Sequester doesn’t mean “cut”. It doesn’t mean slash the budget. It means to set something aside in a safe place until a dispute is settled.

Wait a minute, maybe I’m just taking this thing way too seriously? Maybe we should all be more like the President and the Republicans.

Maybe we should just do like Nero did after he finished fiddling: go to bed and take a nice sequester. Then, we’ll all feel better in the morning…

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If there is one thing that can be reliably deduced from American voting patterns it is this: the people want change.  Consider the case of Bill Clinton. If you look at his record while President, he rescued the economy from an impending collapse due to the economic fantasies of Ronald Reagan and the economic incompetence of Bush #1. During the Clinton years we had an era of prosperity that was among the best the country ever enjoyed. Furthermore, as President, Bill Clinton pretty much kept the United States out of war – a feat achieved by very few Presidents in our history. Bill Clinton’s problem was his intern that he kept under his desk. True to our Puritan heritage, the American people just could not handle that, and come the next election they voted for CHANGE, i.e Bill was a Democrat, so they voted Republican.  (Our CHANGE button is basically a binary switch, for all practical purposes you get to choose between a Democrat or a Republican – that’s it.)

When Bush #2 became President we became the victims of a man who was arguably the least intelligent man to ever hold that office. He promptly reverted to the insane economic ideas of Ronald Reagan while following the Republican economic battle cry of “No controls, no government oversight”. The result was a plunge into an economic abyss, the likes of which hadn’t been seen since the Great Depression. That President also involved the country in a mindless, unjustified war in Iraq that cost uncounted billions of dollars and the loss of many lives. That President also made a mess of the war on Al Qaeda in Afghanistan. Again billions of dollars were spent, many lives lost, and the supposed objective of the war – the elimination of Al Qaeda and Osama bin Laden – was a failure.  So, when it came time for the next Presidential election, the American people voted for CHANGE.

When America voted for Barack Obama to become President they knew they weren’t getting a white knight in shining armor who would wage wars with the enemies of America and who would right all the wrongs of the previous President. They thought they were getting a black knight in shining armor who would do those things. They just wanted a fearless and true knight – just like in the fairy tales. The problem is that after two years on the job, our black knight hasn’t led the attack. He has played “let’s make a deal”. True to his background as a United States Senator, he thought he could negotiate his way to achieving the “shining city on a hill”. Well, that didn’t work, did it?  Sure, he did save the country from a mind-numbing plunge into an economic abyss – but it’s one thing to be hanging by the life-saving strands of a safety belt, it’s another to be climbing to the top of a mountain. This isn’t what the American people voted for. They want the mountain top.

So, as we approach another election day, it looks like the American people may well push the binary CHANGE button again. If so, we will be facing more people in Congress who are the economic disciples of Herbert Hoover (the President who presided over the crash of the stock market in 1929 and the resulting Great Depression).  The problem is our binary button. We often have to vote not for the best of all possible candidates, but the least of the evils.  We have to vote for either the failed policies of the present or the failed policies of the past. Our CHANGE button doesn’t work. That is the message of the Tea Party, but the sad thing is that the Tea Party doesn’t bring any fresh ideas either, just ultra-extreme Republicanism which might have worked well in the early days of the country when you could just grab the land and natural resources from the Native Americans. (Those were the good old days, weren’t they?) But those days are gone, and the “every man for himself” philosophy is not a recipe for a modern functional society. Even the Republican Party knows that.

The recent meltdown of the world’s economy demonstrated, to anyone open-minded enough to objectively look, that Herbert Hoover and his disciples are wrong about economics in a capitalist system. They were wrong in 1929, they were wrong in 2007, and they are wrong in 2010. Hoover/Reagan/Bush economics always leads to economic disaster, and this is the problem we now face because when the voters push the CHANGE button on Tuesday it will toggle our economy back to a plan for economic disaster. It’s not the CHANGE we need, nor is it the change for which we voted two years ago. The change we need is this: our black knight needs to put on his shining armor and fearlessly lead this country forward. He needs to understand that we are not playing “Let’s Make a Deal”. President Bush never made a deal, yet he was able to do all of the insane/illegal things he wanted to do: things like illegal wiretaps, torturing prisoners, waging war for fabricated and untrue reasons. Bush, like a European Emperor or a Russian Czar, simply scoffed at the rules and did what he wanted to do. I don’t hold this up as an example for Barack Obama, but I think he needs to learn that he is a President and not a Senator anymore. He needs to put on the shining armor and get out there on the field.

The question is: is it too late? Will the American people push the broken CHANGE button again? It looks like it, but the CHANGE that will come on November 2nd won’t be the one they want or the one we need.

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I thought I knew.  I thought it was pretty clear during the campaign for President. We all knew where Barack Obama stood on a lot of issues – and he was very forceful, indeed eloquent, in stating his opinions.  It was clear that his philosophy was left of center. He was a strong supporter of the Democratic Party. Just look at health care.  It seems to me that he said time after time that he wanted all of us to have the same health care choices that members of Congress have. We would be able, under his administration, to pick and choose from a smorgasbord of health care plans – just like the fat cats we elect to Congress. And why not? Indeed.

The thing is that when push came to shove in Congress and the Republicans unanimously said, “Not only NO, but HELL NO”, Barack Obama chose to compromise. He made a deal. The result is that we have some sort of new health care plan that does do some things and may even provide some small additional benefit to each of us a few years from now.  But for most of us nothing has changed. So, I’m beginning to wonder – where is the idealism? Where is the fight? Or, could it be that Barack Obama isn’t a fighter at all? Perhaps he’s just a deal maker.

It’s not just health care.  It’s also energy.  Remember the campaign and the conventions? Remember the Republican Giuliani shouting, “Drill Baby, Drill!”  Remember Sarah Palin saying we need to do offshore drilling right now? Remember John McCain taking up the chant of “Drill Baby, Drill”?  Actually, they’re pretty quiet right now aren’t they? But that’s not my point.  Remember Barack Obama had this ideal about clean and green energy? Didn’t he? Am I just hallucinating here? Wasn’t he going to build a bunch of windmills and solar panels to create a new source of energy for America? Didn’t he make some kind of a deal with MIT to do research on clean, green energy? Wasn’t he against offshore drilling and nuclear power?

So, a few weeks ago – a couple of weeks before the BP catastrophe, didn’t President Obama say we need to do a lot more offshore drilling? Didn’t he? Am I just imagining this?  Where did that come from? Did I miss a news conference or something? Did MIT get back to him and say, “Forget about clean and green, just go for dirty and smelly?”

And now BP has screwed up the Gulf of Mexico for as long as most of us will live.  So what is President Obama doing? He is letting BP call the shots – even though he says he is in charge – BP is making all the decisions. So what about the opinions of his scientific advisors?  Does he really have more faith and trust in BP’s scientific expertise than that of his Nobel Prize winning Secretary of Energy? That ain’t right.  Something’s wrong here.

The question I have is simple – what does President Obama stand for?  Or could it be that we were all wrong in thinking he was some kind of pragmatic idealist. Maybe he’s just a political deal maker after all – just like 99.9% of the people in Washington.  Is that it?  If so, I think he will find that America didn’t vote for him to make deals – they voted for him because they thought he believed in his ideals and that he would fight for them on behalf of the American people. We thought we were on the same page with him – but he keeps turning the pages.

At least with George Bush you knew where he stood. He was a shoot from the hip wannabe cowboy.  A Yale transplant to Texas.  He wasn’t the sharpest knife in the drawer – that was abundantly clear whenever he spoke. But you knew what you were getting when you voted for him: you’re-on-your-own-Republicanism. Don’t look to Washington for help when you need it ’cause it ain’t comin’.  Just ask the people of New Orleans. They know all about that.

But Obama was supposed to be different. But once again the people of New Orleans are suffering and our President is letting an oil company decide what to do about the worst oil spill in history. Is that leadership? Is that what we voted for? Of course not. Now, I’m not saying that John McCain or Sarah Palin or Rudy Giuliani would do any different – but that is my point.  Obama was supposed to be different. But in the end, Washington is letting us all down once again. I guess we shouldn’t be surprised.

You don’t find roses growing in a swamp, do you?

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It had to happen sometime.  A business can only pose as a news agency for so long until someone says the equivalent of, “Hey, the Emperor’s not wearing any clothes!”  Today the bees are buzzing around the hive at Fox pretending to be caught off guard by a slam from the White House that simply says that Fox News is not really a news organization at all.  The fake outrage at Fox, the fake consternation, the fake “Who me?” attitude certainly is no surprise – it is what people like Glenn Beck do best.  The real question we should be asking is this: How long will the true believers, the people who have swallowed Fox’s aberration that poses as factual news, take before they awaken from their trance and recognize they have been badly misled by a bunch of paid carnival barkers?

Once upon a time, as I recall, Fox was a legitimate news organization.  That was a long time ago, but as I recall they were pretty good. They were certainly providing good competition to CNN.  However, somewhere along the line they made a right turn and veered off the highway into the swampland of Glennbeckia.  In Glennbeckia nothing is quite as it seems.  There are monsters under the sofa and vampires lurking in your bedroom.  In Glennbeckia everything that used to be true is now false and everything that was false is true. It’s like some awful inebriated dream from which you want to awaken but you are afraid to because you might miss some news about an even more virulent threat to the planet.

The minions of Lord Murdoch are not complete lunatics though.  Though they are now misshapen wraiths of their former selves – having been exposed for too long to the evils of the massive, groaning, hissing organs of the bloated propaganda machine housed in the bowels of Fox News, they still retain a clever cunning.  They know that even their most moronic, soporific victims will quickly awaken to reality if all they spew onto the airwaves is the stench of fetid corruption.  Clever in their deviousness, they deliberately mix in real news with their diabolical distortions of reality. “Here, my little dearies, they cackle.  Drink this, you’ll like it!”

And so they do every day. Mixing a toxic witches brew of information and misinformation, straight talking extreme right-wing radicals along with the confused, moronic babbling that bubbles forth from the darkness of Glennbeckia.  Fox News, or should I call it Foxy News, formerly a proud name in the news business, is now but now a lowly, slinking inhabitant of the shadows, held in thrall in the halls of Lord Murdoch.  Today they have been scratched by the sword of the White House, today the pure bright light of logic and reason illuminates the horror that lies in the basement of Fox News.  Hidden from view, the gargantuan propaganda machine hisses and steams, while boiling liquids of greenish ooze slop from a giant stinking cauldron of mucosal detritus which is then distilled into Essence of Vile Reporting and Vapor of Vapid Opinions.

It isn’t too late Fox.  Go back.  Turn away from the darkness and look to the light!  Save your immortal soul from the certain damnation that awaits those who deliberately lead the Children of the Light astray! Even Glenn Beck can be saved!  No…no…wait a minute.  I’m not so sure of that. Let me check….  Yes. No, sorry Glenn, it’s the fire for you.  Can’t be helped, you know.  But the rest of you at Fox – you who have been so deceived and are now a part of an even greater deception.  Can’t you see?  You have been outed!  The whole world knows now! Your denials mean nothing, nothing!  Leave the cursed land of Glennbeckia, come back to your senses, regain your pride in presenting the truth!  Turn away from the darkness and follow the light!

All except you Glenn, you and your Lord Murdoch are beyond redemption.

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A few days ago, during a rare joint session of Congress, a Republican Congressman, Joe Wilson of South Carolina, shouted out that the President of the United States is a liar.  Perhaps, just by accident, President Obama is the first black President of the United States.  Perhaps, just by accident, Joe Wilson is from South Carolina, the first state to secede from the United States and become the founder of the Confederate States of America. The first battle of the U.S. Civil War began when Confederate troops attacked Fort Sumter, in Charleston, South Carolina. The Confederacy was created to preserve the right of Americans to enslave Africans, and South Carolina led the way. So, perhaps South Carolina’s Congressman Joe Wilson’s calling the first black U.S. President a liar is simply a coincidence, an accident of history. But I don’t think so.

Joe Wilson and the good ol’ boys in South Carolina are not alone in their animosity towards this man who was elected by the majority of the American people.  Ever since last November’s election fear and rage have been increasing, most ominously evidenced the extreme increase in the sales of guns and ammunition in the U.S.  The story goes that the gun buyers fear that President Obama will put restrictions on the sales of guns, but he hasn’t.  Even so, there is a movement that has spread to many states that attempts to restrict the power of the federal government to control the sales of firearms. Meanwhile, it has been a good year for Smith & Wesson and the other gun manufacturers. Even though firearms can be very expensive, items like the AK-47 and AR-15 and their ammunition are selling like hotcakes. It’s pretty much these same people who are enraged about the healthcare debate who are buying up all the firearms and ammo.

In 1993 President Clinton tried to bring about change in health care in America.  He wanted to create a universal health care system, much like the rest of the civilized world.  There was strong opposition in Congress and among many citizens and his plan was defeated.  However, even though there was strong opposition to the Clinton plan, the rage that we see among Americans at Town Hall meetings, and now even in the halls of Congress, was not there.  While the health care debate was heated, it was civilized. Today it isn’t.  Back in 1993 the debate was about the nature of the proposed plan and whether there would be too much government interference and mismanagement in health care – reasonable issues for discussion.  Today the issue is “death panels”.  The difference between the then and now is the lies and fear.

Ever since the day Barack Obama was elected many Americans have been arming themselves to the teeth with the purchase of assault weapons and massive amounts of ammunition.  Why? Why does the average American need a weapon that is intended for use in war – a weapon that can easily kill tens or hundreds of people. Is there a sensible reason for owning one of these, or are these people preparing for some sort of new Civil War?  Why is it that when America’s first black president proposes health care reform his message is met with outright lies and vitriol? Why is it that Joe Wilson not only shrieked “You Lie!” to the President, when he was in fact telling the truth, but now he says he refuses to apologize to the Congress – a Congress for whose rules of decorum and respect he abandoned. Why is it that people like Sarah Palin can create the lie about death panels and no one from Republican Party objects?  Why is it that a member of the  Party of the Liars calls the President a liar and then receives a million dollars in campaign contributions?

Stand back and take a look.  We are a nation divided – and heavily armed too.  Our radio and television “news” media no longer deal in news. It is political propaganda that now permeates the airwaves, led by uneducated former drug addicts and alcoholics, who only seem to care about ratings. Truth is accidental.  It is more important to whip up the uninformed American people into a frenzy and then use their rage to influence our lawmakers – who are already heavily influenced by the weight of all the money the lobbyists stuff into their pockets. The question we need to ask ourselves is this: where is this heading?

Our nation has lost the ability to have rational discourse.  The fires of emotion have been stoked by irresponsible people intent on using the rage of the uninformed for their own profit-making purposes.  Now the uninformed and enraged people who have swallowed the lies of the media, as well as their leaders, seem to have lost the power of reason. These irrational people no longer believe in civility or reasoned argument, and they have guns – assault weapons – lots of them.  Think about that for a minute.

And then tell me we are not on the eve of self-destruction.

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There was a time when Americans could agree to disagree.  There was a time when rational debate was possible, when one side would listen to the other and would then respond with their criticisms and their own point of view.  No more.  With the election of Barack Obama to the Presidency, Change has occurred – but not the Change we were expecting.  This Change has come from the “right” – the extreme “right”, which sadly now seems to include most of the Republican Party.  It seems the Change to the Republican Party took place almost overnight.  Leaderless after the McCain/Palin combo failed to win the election, the flailing Party faithful looked for new inspiration.  They looked for other voices to lead them, and they found people like Rush Limbaugh and Glenn Beck, people of dubious intellectual ability, to provide a new vision for the Party. And a Hellish vision it is.

Remember the Town Hall meetings of the summer?  Remember how free speech was throttled by a well organized gang of “American”  thugs who refused to hear or discuss any plans for health care reform? Their only plan was to prevent the exercise of free speech and an intelligent discussion of the issues.  Now, the new Republican Party, a faint shadow of its former self – no longer recognizable as an American institution, but rather an instrument that strives to stifle public discussion and prevent the free expression of opinions, has sunk to a new low.  It’s members are now shrieking about President Obama’s planned speech to the school children of America. In doing so they have forever demeaned the office of the Presidency, and they have done so without reason nor regard for our values of freedom of expression and our culture of holding the office of the President of the United States in high regard.

Today, the President will release the text of his speech in advance in order to prove to the Republican Gestapo that his message is not political but is instead intended to simply encourage children remain in school and do well.  But the damage has been done, not only to the reputation and culture of the United States, but also to the reputation of the Republican Party.  This formerly legitimate political party has descended into some sort of imbecilic Hell, a morass of rotting ideas and lunatic leaders.  More and more they have concentrated their appeals to the lunatic fringe of America – people who refuse to believe that Barack Obama was born in the United States, people who have stocked up on guns and ammunition in the insane (and dangerous) belief that President Obama plans to somehow restrict this right. These are people who are unable to debate an issue intelligently, and thus would rather drown out the opposition with screams and shrieks and rants. Anything to prevent free speech.

Today is Labor Day in the United States.  So where is Glenn Beck?  Shouldn’t he be ranting insanely about how this holiday – Labor Day – celebrates unions and labor? Surely, if  he can connect the dots, in what serves as his brain, and determine that President Obama is either a Socialist or a Communist, shouldn’t he also determine that our Labor Day holiday places us in solidarity with worldwide Socialism and Communism? Shouldn’t the Fox television network be staging a day-long campaign to ban this un-American holiday?  Shouldn’t people who take Labor Day as a day off from work be investigated for their obvious Communist sympathies?  How did Glenn and Rush miss this? Or could it be that noting this close association between an American holiday and the united workers and unions around the world doesn’t suit their propaganda campaigns against the President?

The Republican Party, and its mouthpieces and minions, have taken a desperate path.  They have taken the path of denial of free speech and the deliberate distortion of truth  – all to gain political advantage. They have done so at the expense of our Constitution and our Freedom of Speech, and now they have done so at the expense of the dignity of the Office of the President.  In their insatiable lust for power and wealth, the Republican Party has crossed a line.  They are deliberately destroying those rights and values that they claim to treasure.  They have descended into hypocrisy for the sake of gaining political power and in doing so they are endangering our nation and its long held values of fairness and freedom of speech.

I suppose Glenn Beck and Rush Limbaugh would defend themselves by saying they are inciting all of this chaos for the “good of the country”.  What else would you expect them to say? Perhaps besides enjoying our Labor Day today, we should pause for a breif moment and take note that this is also a truly a sad day for America. A major political party has completely lost its sense of American values and has turned to the politics of desperation, and now allows itself to be led by men who admit to having chemically fried their brains.

I suppose it won’t be long before they start saying that Jesus was a communist too.

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Well, I think they’re great, anyway.  I guess Barack and I aren’t quite on the same page yet.  Here’s the way I see it:

There are two basic ways to structure an economy: the economy can be cash-based or credit based.  An economy that is cash-based is essentially a barter economy where your cash represents a tangible object that could have been exchanged for your cash.  For example, I could trade you an ear of corn for a carrot, or I could give you a dollar for your carrot, both of us having agreed that both an ear of corn and a carrot are each exactly worth a dollar.  We also agree that my dollar simply represents an ear of corn in my warehouse and you can redeem it at any time for your ear of corn.  The dollar simply makes it easier for us to carry out our trading transactions.  This sort of economy can grow in a way that the dollar can be used to represent many other things, like maybe 5,000 dollars represents a car or a boat.  The essence of this economy is that there are only so many dollars and they always actually represent something tangible and they can be redeemed for these tangible goods.  Such an economy can be very stable but it is unlikely to grow very fast because of a scarcity of dollars for investment.

A credit based economy could have the same value for a dollar, but in this economy cash transactions are augmented by credit transactions. For example, I tell you that I will give you a dollar for a carrot next week, right after I sell my corn.  You agree and give me the carrot trusting that you will get the dollar next week.  This type of economy can grow fast because it makes use of the promise of future dollars rather than an actual exchange of dollars at the time of sale.  Our U.S. economy is very much this type of economy. Credit is absolutely essential for this economy to operate; however, we now find ourselves in a situation where the usual granters of credit – the banks – are afraid to grant credit.  Without the credit the economy withers, and when the economy withers the banks become more afraid to grant credit, and the economy then withers even faster. That is what is happening now.  Our credit-based economy is spiraling downward to a dreary cash-based economy – also known these days as a depression.

If one wishes to stimulate our economy, it is not enough to pump dollars into the economy by creating jobs.  It is not enough to give dollars to the banks.  It is not enough to reduce taxes.  Because the U.S. economy is not a barter type economy, and it is based upon credit, credit must be restored.  Unless the banks are willing to provide massive credit – and they are not – we cannot recover from this recession (or depression).  That is really the essence of the problem now.  So how do we make the banks grant credit? I suggest that the U.S. government create a set of  rival, government-operated banks that do provide credit – almost unlimited credit to almost everyone (for reasonable purchases of course – not for buying and flipping houses). The government can do this because it can always get back any money it loses through future taxes.  There is no real risk involved for the government.  Once people are able to obtain low cost credit from a government bank the economy will start to grow. Almost immediately, when the private banks realize that the government banks are lending money, they will start lending too because 1) they will have to compete if they want to make money and 2) they will feel confident that with the government directly lending money the economy is once again a really, really good bet.  Our government’s  stimulus package should include this capability, but it doesn’t.

Let’s suppose we gave every single person a $1,000 stimulus check today, with the stipulation that it had to be spent right away and not banked.  What would happen? There would be a huge buying spree and lots of things would be sold. Good for the economy, right? Sort of – for a while anyway. Why? Because when everyone goes out and buys all their stuff, we will find that most stuff these days does not come with a tag saying “Made in USA”.  Most likely it says “Made in China”. Or Mexico, or Pakistan, or Egypt, or a lot of other places.  And the money we spend on our stuff will eventually migrate to Mexico and Pakistan and China and Egypt and everywhere else.  So how does that stimulate the U.S. economy?  Not very well, or not for long anyway.  We are in a global economy now and things that worked pretty well in 1933 probably won’t work so well this time.  I think our country’s stimulus response could be rather muted and short-lived.

Our country leaks money, and we can’t create jobs here if we don’t make things here any more.  Our job stimulus needs to create new jobs here, and not jobs that can easily be outsourced.  Some sort of new high tech industry might be good. Especially if it creates a product that sells well and is only made here – maybe something like 3-D televisions or a new health food where the more you eat the more weight you lose.  The roads and bridges thing is good, but it’s a temporary blip.  It’ll create some jobs initially, but the money will eventually wind up in China’s economy, not ours.  That’s because the people who build the roads and bridges will spend their money at Wal-Mart and other stores and these stores will turn around and send the money to China so they can get their next shipment of stuff.

So, I guess my two cents says to first create Federal Lending Banks, and second, fund lots and lots of high tech, really far out ideas.  The first concept will stimulate our economy (and our banks) immediately by providing badly needed credit again, and the second will create a new, vibrant, modern American economy with jobs for Americans that won’t be outsourced tomorrow.

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