Also known as, "Let's get more than our fair share before we leave office."
Treasury Secretary Henry M. Paulson, Jr., walks to a motorcade after arriving with President Bush and first lady Laura Bush via the Marine One helicopter at the Naval Observatory, Sunday, Oct. 19, 2008, in Washington. Paulson was returning from a weekend at Camp David. (AP Photo/Haraz N. Ghanbari) (Haraz N. Ghanbari - AP)
We don't need stimulus.
We need jobs !
NO MORE DEFICIT SPENDING !!
Simulus packages do nothing but add SHORT TERM liquidity to markets and force the US dollar to tank.
What the USA needs is to widen its tax base. It can only do that by creating jobs that have REAL benefit and longevity to the economy. The forefront of change is to launch jobs in the Energy and Transportation sectors.
Spending for 'job stimulus' in areas of the American Landscape that desperately needs attention, is NOT deficit spending.
Creating jobs in venues of Energy and Transporation that will lighten the 'draw' on the 'POCKETBOOK' of the people of the USA will have a secondary effect of adding stimulus. Gee, people might even be able to pay for homes again.
What will follow is more disposable income to 'stimulus,' as at the same time increases occur to the tax base that will provide a way for the USA to pay down the debt and answer questions of better sources of energy and mass and personal transportation.
We already know these technologies exist and can be engaged in short periods of time. That needs to occur. What does not need to occur is 'blanket' spending for economic stimulus that only serves to increase the national debt with NO in relief in sight.
The economic stimulus that Bernanke and his peers CRAVE have become a bad habit as their decision making is based on 'emergency' rather than 'insight' via 'the long view.'
Basically, they have no talent so much as power.
