Saturday, March 7, 2009

Economic stimulus

Barry is our first African American president, truly history. I am proud to be an American. I wish he would stop talking so much on TV. Every time he talks he just has to tell the US how big his package is, and that he is going to stimulate us. Too much!

I do not understand much of what is being done with regard to the real stimulus and bailouts. The government in my view is wasting money, throwing good after bad. The autos are much cheaper than when the US bought in via loans. Th banks are significantly less than when they were first kept open. And AIG is another. Programs to create jobs seem to be more along the lines of temporary fixes rather than programs to help. I guess there is likely something to be said for teachers, policeman, and bridges but giving them money for jobs is not favoring growth. We need to increase incentives for entrepeneurs to start new business and to encourage profitable businesses to expand. That is how this will get fixed and it will not be quick. What percent of the bailout is designated along these means?

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