Posted by
theguardian777 on Friday, January 25, 2008 4:42:33 AM
ECONOMIC STIMULUS
As of today, it is apparent that we are going to get an economic stimulus package, whether we really need one, or not!
Republican legislators have joined in an unholy alliance with the mollycoddling Liberal Democrats to buy the voter’s temporary approval again!
Everyone who earns less than $75,000 per year will get a check for $600 along about May, we will all race out and spend it on a Chinese television, Walmart will have one slightly improved quarter, and our children will pay for it.
I am sure glad we elected all those highly-responsible erudite scholars of economy to Congress to work their wizardry upon our miserable souls.
I am probably one of the few bloggers on the net that actually does need the money, and Lord knows I will rush out and spend it. I will probably be paying overdue energy bills from the winter with it. So the Arabs will get mine, instead of the Chinese.
I would really like to be buying an American-made hybrid subcompact commuter vehicle with it, to reduce my daily expenses and our dependence on Arab oil, but it would not come close to making a down payment on the vehicle Detroit refuses to make for me, anyway.
I am sure that I am not alone in believing that, if we are going to go farther in debt to stimulate consumer spending and prop up our slowing economy, we should not be enriching the Chinese, the Arabs, or any other foreign economy in the process.
We should be trying to keep our money in this country, supporting American industry!
I know this is a concept that violates the god-given right of the Clintons and our Congress to sell their influence to the highest foreign bidder, and surely hasn’t entered anyone’s mind in Washington since the 16th Amendment opened the bidding for them, but I think it novel and it might better fit the original constitutional mandate of our Congress.
Borrowing more money from the Chinese to stimulate a greater negative balance of trade with China is like paying Coolies to raid Fort Knox and ship our entire National Gold Reserves to our only formidable enemy on this Earth in exchange for a few plastic and pot metal baubles.
A tax rebate in the form of vouchers that could only be used to buy American-made, energy-efficient big ticket items, and then could be returned to the federal government by retailers or manufacturers in payment of their tax obligations, would stimulate our economy, support American industry, reduce our energy dependence, cost us no cash - no more foreign debt, and would keep our money here.
There are many tax reforms also needed to stimulate prudent consumer spending, employment, savings and investment in this country that I will address shortly.
But, call me crazy, I think this makes more sense than writing Billions in rubber checks, and, in my bid for President of the Universe, is definitely part of my stimulus package.