Congress: a spoiled collection of what the counters count, aka "Mother
Carter's Little Farter Starters".
On Mon, Nov 24, 2008 at 7:35 PM, Jim Willis <
[EMAIL PROTECTED]> wrote:
>
> What's more than obvious is this; when it comes to solving the
> financial meltdown, the inmates are running the asylum. It's almost
> like high school kids are running the show and if the subject matter
> were not so serious it might be entertaining, to a degree. What we can
> ascertain is this truism; not one pencil pushing idiot in charge of
> this bailout has any idea what to do or when to do it. Perhaps we
> should have drafted doctors in this fiduciary endeavor as the first
> rule of medicine is, "do no harm".
> What the Federal Reserve, along with the treasury has done is to
> create a never ending line of corporate hobos, "tin can in hand" lined
> up around the block, waiting to get into the treasury soup kitchen.
> Though, it is fun to watch them grovel.
>
> Look, as faithful readers you can attest to my humility and self
> deprecation. Can't you? Still, having the solution to all life's
> frailties and foibles, economic or otherwise, it is my moral
> imperative to shower knowledge upon those less synapsetic endowed.
>
> Plus, this isn't that hard. An economic collapse had to occur. True,
> the democrats shifted this bad boy into high gear with their,
> "oversight" of the evil twins; "Fannie and Freddie" yet, they only
> laid the inevitable on the American doormat. And, by the way, made
> millions doing it; thanks democrats. We owe you.
>
> We've all heard of the rust belt, the diminishing industrial base,
> declining manufacturing. It's really simple; we have driven industry
> out of this country. Blame the uncertain labor market, "unions", the
> second highest corporate tax rates in the entire world, compliance
> regulations, environmental terrorists, college graduates whom aren't
> smarter than a fifth grader wading into the labor pool, state tax
> rates, municipal tax rates, energy costs, health care costs, insurance
> costs, trial lawyers, OSHA, lazy employees and Miley Cirus. Gee, why
> wouldn't a company want to do business here?
>
> No, we have driven manufacturing out of this country and metamorphosed
> into a service economy, think dishwashers and waitresses. A full
> seventy percent of our GDP is based upon citizens purchasing goods and
> services that we don't make here. We purchase products from India,
> China and Japan while borrowing the money to purchase these imports
> from India, China and Japan. These countries are loaning us the money
> to purchase their products thinking that someday we'll be good for it.
> It's the classic bend over and, "take the money" scheme.
>
> It is untenable, unattainable, unsustainable, unprofitable and unwise.
> And, it can be repaired. Corporate taxes are merely a built in tax on
> consumerism. For the most part corporations build in that tax on their
> good or service, making American made products more expensive and
> unable to compete in the world marketplace. Combine the simple fact
> that we are the world's largest consumers with the knowledge that
> companies want to make their products here, "shipping costs" it would
> seem that the square peg will fit in the round hole.
>
> In the short term, government will have to do with less, a concept
> unknown to Washington proper. Were we to cut corporate taxes to,
> say…., zero, and cap capital gain tax at five percent, the entire
> industrial world would be beating down our door. Good jobs would
> ensue, the tax base would grow exponentially and the birds would again
> sing.
> It is estimated that there is over $7 trillion dollars in offshore
> accounts waiting for opportunity. Ironically, that exact figure is
> what we have spent battling our economic woes. That surely worked out
> well; didn't it? Still, Obama has one card; if he'll play it.
>
> Economist Christina Romer will be director his Council of Economic
> Advisors, which provides economic analysis and advice to the
> president. Christy is a supply sider; a brilliant economist and one
> tough broad. It makes me wonder how she finagled an appointment from
> the messiah. However, if his most merciful listens to this woman, "and
> ignores the advice of Larry Summers" the Conservative Springfield plan
> has a chance. Hey, we all know one thing; Obama knows as much about
> economics as Paris Hilton knows about wearing panties. He will have to
> rely on advisers. Frankly; I doubt Obama can do simple math.
> Fair Points; Christina is also in favor of enforcing the up tick rule
> wherein short sellers can only dabble in markets with an upside,
> abolishing mark to market rules, naked shorts and whitey tighties.
>
> So…….this could work. Provided Obama turns his back on the rabid left,
> slaps down the democratically controlled congress, snubs the press,
> ignores all but one of his economic advisers, puts Michelle back in
> the kitchen and gives up his political future. Also, he may have to
> take up smoking, again. Ah well, I guess I was dreaming.
> Conservative Springfield 25 NOV 08
> >
>
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