Simple Answers to Stupid Questions (No I did not come up with that line I think eChan did whoever did Thanks take a bow in the comments)
Conservatives Hate taxes yet inflation makes the price of everything go up cause and effect they only see the effect not the cause they treat the symptoms but don’t cure the disease.
Government pays people like policemen who have to buy gas in a world where gas is $3 a gallon in Seattle.
Obviously wages then have to go up.
The Federal Reserve hates inflation and keeps interest rates low unless wages go up then they raise interest rates kill the economy and reduce the buying power of Americans and force the Government to raise taxes. After all Government has to buy things in this economy at the new higher prices things like police cars and gas to run them.
What ever the government was collecting before in taxes won’t be enough as California under Arnold has shown us despite all the cuts he has made in government spending.
Look at the 70’s wages went up due to inflation the dollar was weak from to much borrowing to pay for the Viet Nam war we even went off the Gold standard because some countries wanted to be paid in gold from America rather than American Dollars.
Today with 2 wars worth of debt I expect the Federal Reserve to very soon raise interest rates again to 70’s levels.
They are just waiting until Obama not Bush get the blame.
Obama’s only chance to keep interest rates low is to stop spending money on wars and get the budget under control.
No scratch that we are a Consumer economy now Government needs consumers to spend Consumers first though need jobs.
A tax give away like Bush did history has shown does not stimulate the economy like a steady paycheck does.
Only when Consumers are feeling secure that they have a regular paycheck paying them a good wage will they spend. What is a good wage? I’ll let the real Lefty Economists here at the Lake argue that.
Raising the minimum wage is a good start but its useless unless people have jobs.
Business is not hiring they need paying customers first to start hiring.
Only the Government is big enough to borrow to create jobs now.
Why the government’s economic advisers and the Main Stream Media do not mention this I don’t know.
I humbly submit this Diary as my resume for Obama’s economic team:)



10 Comments







Dear ThingsComeUndone,
We have reviewed your resume and confirmed each item you’ve listed. This does not happen often. We were most impressed with your association with FireDogLake.com. Please report to the Personnel Division upon receipt of this letter for processing and I.D. issuance. Welcome to the team.
Sincerely,
bluejeansntshirt *G*
Emergency Economy Team
Have Calculator-Will Travel
I’m impressed as well and glad I’m here:) The WH I’m not so sure they are impressed.
But, how does getting people back to work benefit the top 1/10 of a percent?
The rich get richer if the economy gets better the economy gets better if consumers start spending.
I will grant you the Chicago School Economics tools think otherwise but then again they are responsible for this Crisis.
The Arrogant bastards however think that the tax payer serfs should pay to support their banks and their stupid gamboling habit.
We need an economy based in real investment not 36 to 1 insane leverage in stuff people want not in ponzai schemes nobody can understand.
You from Illinois? I knew a David Byron there?
No billionaire ever left behind in America. Onto the making of “trillionaires”.
True but they are stupid they lost a ton of cash and then with the bank bailout they got our cash. Which I fear they will gambol away again.
Unless we stop them!
We spend $500,000,000,000.00 billion a year on the defense department, which doesn’t defend the United States of America, only other countries all over the world. That is 500 million dollars. There are only around 310 million people in the United States. That means we all could have a million dollars, making us all millionaires, and be able to consume what ever the hell people tried to sell us. Meaning we would be paying taxes on all that, so the government wouldn’t have any money problems. That would still leave 190 million dollars for the Defense Department. We have wasted enough money since WII that we all could be billionaires, on a Military that can’t win a war, or defend us. If You want to solve all America’s problems, get real about the dDefence Department, and make them only defend the United States of America.
Forgive me for the above piece. I can see I got a few zeros off, and put million where I should have put billion. You get the point anyhow, every American could, should, and would be rich, if we hadn’t let the Military Industrial Complex sell us done the tubes.
That could be a diary.