Since the mainstream media is not doing its job and still gushing over Obama like a school girl over the Jonas brothers I feel a need to make a couple points on the 800 billion dollar stimulus package.
(1) STOP comparing Obama’s stimulus to FDR’s new deal, that is a joke. And when, when will someone mention that the real reason the Great Depression of the 1930s ended was WORLD WAR II. All of a sudden all of our factories were fired up and we were making war stuff for England, ships, planes you name it. I scream every time I hear the comparison. Plus we took all those unemployed men and stuck them in the army and sent them off to Europe and Japan, well that got the economy back on track pretty fast.


(2) Is this really like the Great Depression? No it absolutely isn’t except in the most general way. It is the same, the way the black plague which ravaged Europe for centuries was like the small pox pandemic of 1870-1874. They are both significant economic contractions but the better comparison by far is the Japanese asset price bubble collapse and the Japanese recession of the 1990s. We have learned so much since the Great Depression of the 1930s that it is absurd to compare it with what is happening today. Get back to me when we have 25% unemployment.
(3) Without too much tap dancing around, something has to be done but what should really be done is a lot of people should go to jail and have their assets confiscated. Treat a corrupt wall street wizard the same way you treat a drug dealer. Sure they would get pissed off but I could whip up a trillion dollars pretty fast if I could confiscate private assets of all the wall street wizards and millionaires who created this problem and previously profited from it. They knew exactly what they were doing. It would never happen in this world though, maybe a parallel universe but never in this world as the media goes woof, woof for the wealthy elite
(4) Want a solution, how about a one-time wealth tax of 10% of overall net worth for everyone with over a million dollars in assets all over the world ? Should be global just so that they can’t squirrel it away to another country. How about starting an international financial police force dedicated to tracking the assets of the wealthy in the global world. That should take care of all the stimulus needed to jump start this global economy like a car on nitro. Watch how fast that gloom and doom CNN media watchdog would start barking that everything is actually ok if someone floated this idea in the mainstream media. The bottom line is that the wealthy don’t really spend thier money anyway, so lets kick start this global economy by confiscating 10% of all the assets of everyone with over a million. LOL !!!
Could you imagine the heads exploding all across America. But what do you call it when you take the tax-payers money and essentially partially nationalize the auto and banking industry. Yes, you are nationalizing the industry although no one wants to say it that way. Take the money from the wealthy and force them to invest in the auto and banking industry, they can own it and take responsibility for the losses, they are more likely to fix those industries faster if they are permanently on the hook anyway.
The bottom line is the wealthiest Americans have not been investing in America for decades anyway, so lets take action, force them to. I actually am laughing as I write this because it is so absurd that I may as well be asking to realign the orbit of the earth relative to the sun to solve global warming.
The wealthy elite control the government (at least strongly influence it) and therefore even when they are the source of the problem and the solution, anything and I mean any solution that involves them losing any of their personal assets will never occur. We will see starving homeless children by the thousands in Alabama before we will see a one-time flat tax of 10% on millionaires and billionaires. I don’t even really want to call it a tax, I just want to take the millionaires money and “invest” it in the economy to make them richer – lets call it an American upper-class stimulus to the American economy – LOL
I can hear the jet engines firing and American pass-ports being ripped up as they race to Dubai.
Never happen dear readers, but it is a great tragedy that generations of working class Americans and their children will be enslaved to debt to provide a stimulus to an economy that faltered through no fault of their own parents.



