Spend, Spend, Spend
The economists and politicians have finally acknowledged that there's an elephant in the room. While the cheerleader in chief has been disingenuously insisting that the economy is vibrant and strong, it's been disintegrating. Now they've got to the point where, instead of really facing up to it, they've started arguing about what to call it. Is it or isn't it a recession yet? Their bone-headed solution is always the same, even though they may not agree on how to accomplish it, get people to spend more money. The Democrats want to hand out cash to everyone so they'll buy more stuff, the Repubicans want to give breaks to big business so they'll hire more workers who'll then have the bucks to buy bigger TV sets and take trips. It's all lunacy. The real solution is belt tightening, getting off the roller coaster, convincing people to spend less and corporations to accept cuts in profits. You can't save a flimsy building by taking material from the bottom to add a floor at the top. You have to rebuild the foundation. Good luck telling corporate America it's good for the country if people economize.
posted by John M Crowther @ 7:18 AM
3 Comments:
getting quite fond of these two guys.
It seems to me we have these bad years every time we have a national election, at least it hit the portrait business. This time they have extended the length of the time to campaign which only makes the "down time" last longer. Of course the Iraq situation adds to the problem this year too. Over building cycles seem to take place about every 20 years... and the public has a short memory and when business is good they forget these cycles and don't plan for them. The wild animals always plan for them by saving and stashing enough away for the winter to last them thru the hard cold time. Why can't man do the same? Katherine
You ask "is it or isn't it a recession yet?"
Some Liberal naysayers may choose to call it that, but I’d rather think of our country as just being a wee bit “economically-challenged” at the moment. The trickle-down effect worked for you artists back in the Depression when President Roosevelt started the W.P.A. and paid you to paint murals in public buildings, so what’s wrong with doing the same for our over-taxed corporations? Give them more money to spend and they’re bound to buy a few more paintings for the halls and offices. Capitalism works!
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