Recession

Is the US in a recession? I think the worst is yet to come.

The American dollar is becoming a liability. The smart money is switching to the Euro.

Soon the world’s big oil suppliers will demand oil be priced and paid in Euros instead of the continually faltering American buck, and we’ll have to buy imported oil using Euros because no one will want to get stuck with US dollars.

Still the US legislators insist on throwing $160 Billion foolishly into the market as a pretended economic stimulation package, instead of using the money to promote the country towards a financially stable footing by requiring the money be spent in specific US markets that will stimulate and protect our economy.

People without good jobs can’t spend the money our country needs to sustain our consumer driven society or pay the taxes our government needs to operate and pay its bills, so we have to create many new jobs to replace the large number of good paying jobs that have been moved out of the country. And the more locally produced power we create the less oil we’ll need to import to meet our needs. It can’t get any simpler than that. These two simple factors in an equation that will help protect or destroy our economy, depending on whether or not we properly address them.

The $160 Billion should be mostly spent to promote local business and employment growth in local energy creating, and some other infrastructure works as well. It wouldn’t require waiting until May to create economic activity and the money would be already spent promoting the US economy before the $160 Billion is given out by the government under the right plan.

The US has little time left to protect against the economy tanking big time.

My “Open Letter to North American Politicians” addresses the threats we are facing and I continue under “The US Stimulation Package 1 and 2”, at: http://community.myfoxstl.com/blogs/JosephThePoet