All Posts Tagged With: "economic stimulus"

Obama’s Jobs Plan: Economic Destruction Becomes Policy

Once again, a professional politician who believes that wealth comes from spending borrowed money has abused the patience of our nation and proposed another mechanism for wasting an enormous amount of money on a vaguely defined program which will accomplish nothing of benefit and inflict further damage on our economy – at least what’s left of it.

As it turns out, the President of the United States is rather clueless as to why the economy is in the doldrums, but under the political doctrine of “something must be done, even if that something will make the problem worse,” he now urges the nation to stagger into another stimulus program.

An economy can be roughly divided into three main sectors: The primary economy is one of …


AIG and the Miracle of Economic Stimulus

Like everyone else in America, I’ve been watching the AIG saga unfold with eager anticipation.  At first, I was in the “too big to fail” camp.  The sheer size of AIG, added to the complexity of its product offerings and coupled with the magnitude of its global positioning, suggested to me that the consequences of allowing AIG to fail far outweighed the risks of government bailout.  So I was in favor of TARP money for AIG.

But a funny thing happened on the way to where we are today.  Companies like AIG and Citigroup have had to learn that partnering with the government isn’t always an ideal solution.  When you go crawling to the government for anything, (or anybody else for that matter), you give …


President Doom and Gloom

I caught bits and pieces of the press conference held by President Obama last night and I heard the subsequent reviews.  My analysis suggests that our national media threw President Obama a bunch of softballs.  President Bush would have held a lot more press conferences if the questions were that easy, I bet.  Bill O’Reilly called the President “boring”.  No kidding!  And then some!

Here’s what’s starting to grate on me.  For the last 18 months, all we’ve heard from President Obama is how terrible things are, and now “this is the worst economic crisis since the Great Depression”.  Bad news is his mantra.  I’m not sure if he can handle good news.  It makes me wonder how he responded to the news he was …


Hope for a Change

Or is it change for a hope?  I admit my confusion on this issue.  The American public was told during the 2008 Presidential campaign that things would be different.  So far, it’s more of the same, only worse.  It seems like the entire country has gone stark, raving mad.

To wit, as the Obama Administration’s Cabinet nominees wind their way through the approval process, we find that not one, not two, not three, but four have a prior history of not paying their taxes.  What is going on here?  The best thing to come out of this mess is that the American taxpayer, at last count, is ahead some $176,000.  Could this be President Obama’s plan to fund this massive “economic stimulus” package that is …


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