Would you choose to encumber your own family and future generations to personally pay for the "stimulus" boondoggle? You would necessarily fund continued government waste, fraudulent accounting, pork spending, crony bailouts and other central planning adventures. Pretty much indefinitely. What you've seen lately is what you will continue to get with this funny money crowd. The game has not changed.
Most people wouldn't volunteer to cough up decades of commitment to this project. That's why it's not done on a volunteer basis. If you're locked in the fiat dollar sphere you will pay and you will pay dearly. Tennesseans aren't the only ones from the "volunteer state". The feds don't have this money just lying around waiting to be put to good use. They have saved zippo. In fact they've been deeply in the hole for an entire generation and get hopelessly more so all the time.
There is lots of enthusiasm about President Obama taking the reins. It's hard not to get excited about seeing the doors closed to the last eight years. Make that sixteen to twenty years and counting. Unfortunately, our current economic and financial problems aren't going away just because an impressive ceremony was recently held in DC. It's much bigger than that. Obama is a politician not a magician.
Truth be told… normal ostriches don't really stick their heads in the sand. This American genetically modified version definitely does however. I'm told other orifices are also commonly utilized. Ouch!
The American meltdown is not the end result of capitalism. These ongoing catastrophes are not free market and honest money failures. We haven't had those essential foundations for longer than I care to express. You're viewing central planning and "command economies" coming apart as they always have. Ask the Soviets if economic foundations are important.
Credit derived bubbles are failed conceptions. An economy that depends on consumers borrowing their way to wealth is no stable economy. The main reason that the banks have received transfusions first and foremost is because they are the primary administrators of this absurd credit demand economy. Bubbles-R-Us franchises must be salvaged. They are the instruments of power as well as the recipients of government largess. The major banks remain on the ropes at home as well as abroad. Nationalization is a distinct possibility.
President Obama casually mentioned in his inauguration address that we should get used to trillion dollar deficits. That means the government is going to have to borrow one to two trillion each year to keep the ship afloat.
