ddavid

Obama's Economic Fix

What the public understands is when they read their monthly bills. Prices supposed to go down in a recession, but their not. The Democrats can't understand how to fix this economy either because all they know is how to spend money -- I'm saying that after reading the contents of the "Stimulus Package" which is laden with pork. (No political pun meant).

IF, and if the stimulus package has something in it for the consumer, then I can only foresee a Zero Sum game, because taxes everywhere are going up from sales taxes to property taxes. From Vehicle fees to utility fees. I just today got notice my Trash bill is going up 10% and water & street sweeping will go up 8%. I don't hear wages going up anywhere near that. Obama signed his 1st tax increase this week signing "SCHIP" legislation, breaking his campaign promise not to raise taxes. The paper hardly talks about that -- the media is in love with him.

Congress can throw all the money it wants, it won't fix anything until that toxic paper is put in a cage. There is still to much fear in the Global system after Lehman's default and that fear will not disappear until all banks are on solid footing. The piecemeal approach doesn't work, it never has, it never will, whether it is in war, in business, or in a cancer ridden body.