The US economy is tanking because of things like the large number of unemployed and underemployed, the recent housing mortgage fiasco, the weakening dollar, and higher oil costs.
How do the US leaders address these many threats?
They give a little of the people’s money back to them to pretend they are doing something to stimulate the economy, bail out the first big economic powerhouse that falls, then scatter more borrowed money around while lowering the interest rate to make the dollar even less attractive on the world market.
The country has a problem? Throw more money around. The future looks so rosy now.
If we do not produce, what props up the dollar’s value?
The $160 Billion could instead put tens of thousands of people to work in manufacturing and installing non-oil power generation systems across the country. A byproduct of this kind of action will be a major reduction of US foreign oil dependency while helping the fight against global warming as well. Add a general infrastructure stimulus bill as well and the country will be far better off then it will be after giving a small amount of money to individuals.
We have the resources.
We have the technology.
We have the unemployed.
We need to reduce money and resources leaving the US and create wealth right here.
Where is the political action?
I have posted some blogs, on sites like the two below, addressing a path the politicians could take to stimulate and protect the US economy. Sadly, I doubt the politicians will change their blind course and the US will continue its race towards a major economic crash.
http://www.myspace.com/josephthepoet
http://rhymster.com/members/Joseph_McNeil/
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