http://ziegfeldgirl.multiply.com/video/item/328
Peace, Doc On Nov 24, 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 --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. 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