But, the reality is there needs to be some 'real thought' going forward and not just 'knee jerk' reaction to potential election outcomes.
I believe the American people are on a 'self path' to recovery. They are spending less and saving more. They want their own country to have viable economic sectors that sincerely provide a good living to its citizens. That takes capital. The sure way for the country to build capital is to save.
What bothers me is that if Americans have chosen this 'self healing' path of recovery. Then where exactly are the funds going to come from to fund a second stimulus.
We haven't seen the First Stimulus at work 100% yet.
Job growth is slow, but, then it is obvious the choices to continue to abandon the USA by Wall Street is still contracting the economy domestically. We witnessed that when GM, with its new CEO or whatever he is. Oh, yeah, Hatchet Man; decided to cut jobs in the USA, pay bills in Europe and sell stocks.
If Wall Street is still 'leaving' the USA behind because it has been drained of all its assets, then we still haven't seen the end of the economic contraction. And while a Second Stimulus is a good idea and is probably the best idea, it simply isn't practical from most view points to continue to run up a deficit that has no clear resolve.
I think we are stuck.
Basically, the 'worth' of the USA has been destroyed. Homes have lost their value and Americans are stagnant in their ability to simply pick up and move at will as they are used to which stimulated their own happiness.
There is a lot "W"rong in the USA and I am not surprised the USA dollar is diminished internationally and China is taking over the global economy in leaps and bonds.
I just can't figure out why people like G. W. Bush and Hank Paulson still live here for as much as he hates us.
