Posted by
FJR on Tuesday, February 19, 2008 6:05:06 PM
As our economy continues to falter in this the year 2008, panic is so very prevalent. Washington is scrambling for a plan to fix the downfall, and with President Bush's stimulus plan approved, the stalling continues. The Government is temporizing their way all the way to the bottom of the monetary pit, therefore softening the impact from a more harsh and sudden fall.
The fact is that recession happens, and it can be healthy. Our country has learned from mistakes in the past and it can learn from mistakes in the present.
The Bush Stimulus Plan's basic premise that it gives money to the consumers so that they can "fuel" the economy through spending. Well, this just really isn't going to solve anything, in my opinion. The problem does not only derive from the people, it's the government that is damaging the economy.
The government is simply spending too much. They earmark and earmark until you just can't earmark anymore, and quite frankly, it's unacceptable. They build billion dollar bridges to nowhere, pointless museums, and consume themselves with feckless projects. Our country prints billions of dollars everyday, money that they just do not have. Our debt is in the trillions, and they just go on like its another Monday, while you know maybe throwing in a 150 billion dollar stimulus plan that will do virtually nothing except allow consumers to buy a couple extra shirts at the mall.
Now fortunately its not all the government's fault. The people of America also spend too much. Debt spending is pushing people over the edge with rising interest rates, and hardworking Americans just can't handle it anymore. Yes, this is the almighty capitalistic America, but we have to start taking some personal responsibility. The government is not always going to be there to bail the people out of their fiscal problems.
As for the presidential candidates, both Hilary and Barack are proposing annual billion dollar socialized health care plan while John Mccain is proposing an annual billion dollar "Climate Stewardship and Innovation Act" for climate change. The only strong fiscal candidate was Mitt Romney, you know the CEO buisness man that has made the economy his life, but he dropped out, how convenient.
The problem is here, but it's going to be alright. We are the United States of America, we always find a solution. Nevertheless, we must start to heal, not deny the wound.