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You cannot fix a national economy when people do not trust you. The simple truth is that Obama is going to do what he said he was going to do, which is raise taxes on the wealthy (40K annual) to provide for the poor and middle class. Mr. Obama’s own voting record shows he has voted to raise taxes on people making 40,000 or more.
The only people still confused about how Obama will lead are conservative talk show host. Every one else gets it and is behaving accordingly. I do not see how any one would continue to invest and save when they know they are going to be taxed more.
The principle of robbing the rich to feed the poor does not work. It is the rich who open stores, make companies, save and invest, and purchase high ticket items. Furthermore, the modern investor is a “shift on the fly” investor. He and/or she has access to volumes of information via the internet. Change in the stock market is registered more frequently because of investors making fast decisions.
To many fast decisions may be subject to error. However, the goal of an investor is to make money. Immediate news lends information to investors which results in faster transactions.
Furthermore, I have always reeled at people who point their finger at the problem, but never offer any solutions. Therefore, what would I offer as solutions. The reality is that business people are always looking for ways to manipulate government, employees, and consumers. For a long time there were protections for workers and consumers. Government, however, has changed its focus from business regulation to economic success insurance.
People will suffer, but government should stop all so called bail outs. Unethical people looking for ways to profit from deception and fraud should not be allowed to succeed. There is real greed and other immoral intent in the hearts and minds of business people. They want to take advantage of what they can to get more money.
These are the ingredients to the soup. We have unmotivated people, with no direction and not making it in life, demanding better living conditions from companies whose leadership only cares about profit, and politicians under the false impression they can solve all problems. Before politicians gave lip service to issues, knowing once elected they could blame politics for not accomplishing anything.
Now, we actually have politicians such as Barney Frank, Pelosi, and Obama who think they can solve everyone's problems. Their failure is not being able to see the big picture. Every one who has a troublesome relative knows why you do not just keep giving them money. The more you give, the more they take. In modern economic times the troublesome relatives are the unproductive slacker citizen, the greedy and gluten corporate executive, and the misguided politician.
Therefore, make policies knowing that people will always be trying to take advantage of the system. Everyone, who did not graduate from high school, go to college, get a god job, and/or build a business will just have to suffer. Business will have to close stores, lay off people, and sell off assets. They screwed up they will have to pay the price.
Government should act knowing that people are looking for ways to hang the bill on some one else. There was nothing wrong with stringent attitudes against giving in to corporate whims. People criticized Bush. However, every time the airlines and car manufacturers came looking for hand outs he showed them the door.
Okay, so how do we explain the 700 billion dollar bail out? I have absolute trust in President Bush. Therefore, I believe what he told the nation. Furthermore, I say politics quickly became the issue and the looming economic crisis was moved to the back burner.
Why doesn’t anything get done in America? Well, the second you stand up and proposed a plan, every one, their mother, and their house pet calls you and idiot and says you do not know what you are talking about.
This morning I was reading a list of major investment firms such as Morgan Stanley that have bit the dust. I say that is a good measure of where the American economy is at this time. Now, I am not suggesting any one should of gotten bailed out. This year my income has gone down 50%. I am not asking for a bail out. I just keep working and meeting my responsibilities.
Of course I am helped from a mature, healthy, and positive perspective on life. To many, however, have allowed modern media to condition them to the negative attitude of “nothing works. Why bother?” You bother cause other wise you will starve. Not to mention, you feel better about your self and are able to get more pleasure out of life.
One great concern is how much harm can be done to the US. Human morality continues to decrease, citizens keep practicing apathy, and politicians and business people keep giving in to their lust and America come become a worse country than Mexico. The salvation is continued service to the values that built America.
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