Saturday, November 22, 2008
OBAMA'S ECONOMIC PLAN IS DOA ...
... OR (SINCE HE HASN'T EVEN BEEN INAUGURATED YET) DEAD BEFORE ARRIVAL.
HE PROMISES 2.5 MILLION JOBS BY 2011.
BUT IT MIGHT BE THE REALISTIC ACHIEVEMENT IF HE TRIES TO STIMULATE THE ECONOMY BY DOING WHAT FDR DID.
REMEMBER: THE NEW DEAL MADE THINGS WORSE.
REPEAT: THINGS WERE WORSE IN 1940 THAN IN 1932.
HERE'S WHAT WE SHOULD DO:
HE PROMISES 2.5 MILLION JOBS BY 2011.
- THAT'S OVER HIS FIRST TWO YEARS.
- THAT'S 24 MONTHS.
- THAT FALLS SHORT.
- WAY SHORT.
- BECAUSE WE NEED TO CREATE 250,000/MONTH TO STAY EVEN.
- THAT'S 3 MILLION PER YEAR OR 6 MILLION BY THE START OF 2011.
- IF WE WANT TO KEEP UNEMPLOYMENT AT TODAY'S LEVEL.
- IF THE US ECONOMY ONLY CREATES 2.5 MILLION JOBS BY 2011, THEN UNEMPLOYMENT WILL HAVE CONTINUED TO RISE BY 200,000 EVERY MONTH.
BUT IT MIGHT BE THE REALISTIC ACHIEVEMENT IF HE TRIES TO STIMULATE THE ECONOMY BY DOING WHAT FDR DID.
REMEMBER: THE NEW DEAL MADE THINGS WORSE.
REPEAT: THINGS WERE WORSE IN 1940 THAN IN 1932.
HERE'S WHAT WE SHOULD DO:
- WE NEED TO CUT ALL INCOME TAXES.
- WE NEED TO ELIMINATE THE CAPITAL GAINS TAX.
- WE NEED ALL COUNTRIES TO CUT TARIFFS AND INCREASE TRADE.
- WE NEED TO EXPAND ENERGY FROM ALL SOURCES AND KEEP ENERGY CHEAP.
- WE SHOULD GIVE EVERY TAXPAYER $3000 OF VOUCHERS TO BUY US CARS, HEALTH CARE, AND DO HOME IMPROVEMENTS.
BLOGROLL US!
