What is it that the government is doing? Austan Goolsbee is the chairmen for the Council on Economic Advisers and he is one in many that have decided to resign before the economy gets worse and he gets some of the blame. This leaves Timothy Geitner as the only original member of Obama's economic team. It sounds as though Goolsbee had a more private market approach than other advisers (Summers, Geitner, Romer)but it remains to be seen if these professors that presidents like to rely on even know as much as their papers say.
It is a wonder that they can sit in front of the press and say that the economy is doing great and it is creating jobs, despite what is seen on the street, and then go back to their prominent positions in Universities and write books about it. Most of those books students are forced to buy at astronomical prices.
The economy is not doing well. The stimulus that is almost over (QE2) has not done nearly what it was promised to do and there is rumor that there may be QE 3 around the corner. Peter Schiff compares the stimulus with drug addiction. We can't just do a little to stimulate the economy. We get accustomed to it and want more and in the long-term and it ends up hurting our very existence.
The jobless rate is unchanged at 9.1%, 54,000 new jobs were created, and the debt in this country is already at dangerous levels. The debt ceiling will most likely be lifted but when are we going to start being responsible? It starts at home and we know that it won't start with government. People will suffer whether we like it or not and the only thing to do is prepare for it by working hard at making the best life we can for our families.
What we need government to do is to give us the platform for work and the environment to flourish with our increase. Is that what this experts are doing? I think not and most of the American public doesn't think so either. The very same advisers who got us into the financial fiasco of 2008-2009 are the same ones sitting in positions in the administration. Is that the change Obama was talking about. He has just continued everything that the Bush Administration implemented except multiplied the effects of it.
It is scary to think that there are no other candidates besides Ron Paul and Gary Johnson that get any of this.
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Saturday, June 11, 2011
Saturday, May 28, 2011
Central Economic Planning
What is it with the central economic planning that is happening today? The definition of insanity is "doing the same thing over and over again and expecting a different result." Is that what our government is doing today. We are still in a crisis with no end in sight. What are we to do as the average American? Does it matter that I am writing on this blog? I see this government as doing the same thing over and over based on the economic philosophy our leaders love be influenced with. Whether it is Republican or Democrat they have the same people from the same institutions that created the financial meltdown.
For example: Does it make sense to have Timothy Geitner, Henry Paulson, Ben Bernanke, Robert Rubin, Larry Summers, Lael Brainard, Mark Patterson, Lewis Sachs, Gary Gensler, Mary Schapiro and other Goldman Sachs cronies working in the administration of Obama. Bush was not much different and most of these people had an impact on the Clinton administration as well.
The point is that we are letting the same people run our financial system who's choices helped to create the financial meltdown.
The movie "Inside Job" does a good job of showing who was associated with Goldman and how their economic planning helped create the crisis in the United States and the world. We have a situation here in the United States where things are not going to get better as long as we have people in office run by the elite that will not create a free economic market that we are constitutionally obligated to have. The regulations enacted recently do nothing but talk about helping the collective but when in reality they hurt the system because the middle class benefit not at all from what this culture has created.
Who could we elect that would change this system. Someone with REAL CHANGE.
For example: Does it make sense to have Timothy Geitner, Henry Paulson, Ben Bernanke, Robert Rubin, Larry Summers, Lael Brainard, Mark Patterson, Lewis Sachs, Gary Gensler, Mary Schapiro and other Goldman Sachs cronies working in the administration of Obama. Bush was not much different and most of these people had an impact on the Clinton administration as well.
The point is that we are letting the same people run our financial system who's choices helped to create the financial meltdown.
The movie "Inside Job" does a good job of showing who was associated with Goldman and how their economic planning helped create the crisis in the United States and the world. We have a situation here in the United States where things are not going to get better as long as we have people in office run by the elite that will not create a free economic market that we are constitutionally obligated to have. The regulations enacted recently do nothing but talk about helping the collective but when in reality they hurt the system because the middle class benefit not at all from what this culture has created.
Who could we elect that would change this system. Someone with REAL CHANGE.
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