Thursday, January 29, 2009

stimulus package = WTF???

At what point did the stimulus package become bastardized to the point that it's an open checkbook for any and every pet project known to Democrats?

As a traditional thinking human being that was fortunate enough to be born in America, I have specific view on stimulus. When the personal finances of the average American begin to suffer, we tend to watch what we spend money on. In a perfect world we do that anyway. However, we are a lot more likely to go to best buy and pickup a new TV, Entertainment System, Computer, Game System, Video Camera, etc when we have disposable cash or at least a steady supply of direct deposits from a company that's not in trouble.

However, when your company starts performing layoffs, or profit margins are down, or outsourcing is hitting your industry, people tend to pay attention to things like Electricity, Gas, Water, Food, and Car Payments. Our government for some reason has a problem understanding what expendable and core income are. If we are truly in an economic disaster, every penny that would go to Convenience should go to core economic needs.

Hundreds of millions of dollars on birth control, abortion, art, etc should be part of a social development package, not an economic stimulus package. Although many Americans understand this, how long before all of us realize that tagging pet programs into important issues is detrimental?

How many of us would take our last $100, drive past the grocery store with hungry kids in the car and proceed to CompUSA for a new USB Hard Drive?

Why is that only the Americans in distress have an understanding of what makes the economy work?

The real stimulus package would be deny all work visas, kick foreign workers out until we get our problems handled, and tax companies so heavily for outsourcing work to other countrys that it becomes cost prohibitive to send whats left of our GNP overseas.

We have nurtured corporate greed so handily that illegal immigration and outsourcing are the norm. We are finally seeing what it feels like when the chickens come home to roost...

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The Mortgage Crisis

The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:

  1. Were going to have prohibitive payments in 12 to 24 months
  2. Were going to be on property worth far less than what they sold for within 12 to 24 months
  3. Would be forclosed on because they couldn't sell for the amount of the mortgage

Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.

When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.

The short answer is that they set us up and we don't know "why".

Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...

The Media On It's Knees

Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?