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Democrats eye huge economic boost, burning the Dollar with dept
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by SOLARLIFE | November 23, 2008 at 04:41 pm
134 views | 14 Recommendations | 7 comments
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Democrats eye huge economic boost, burning the Dollar with dept
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Soviet Union 5 years plan for US ?
This sounds like the ancient Soviet Union 5 years plan. Have nothing to eat, be happy, spend money you don't have. Build bridges run cars on It. America do you have still a single normal business man ? It is innovation driven by thursty Immigrants that made America running. A lot of desperate Houswifes cooking the Pelosi poverty soup.
Spending another $700bn ?
Works only if US runs down all other currencies like Euro, Yuan, Rubel, Real, or starts war again. I doubt this. So further spending into nowhere, with no cash back for Investors. The instituional investors followed by the "grey men" with a 1 trillion Dollar non verified offshore money will not invest in infrastructure programs, they want to cash in on higher value of investment by brakthrough Innovation. This is not an opinion, it is basic economic intelligence.
The Pelosis coming
Speaking to CBS News on Sunday, Ms Pelosi said any stimulus package should be aimed at creating jobs immediately, and could contain a tax cut.
"Something of several hundred billion would have to be some investment into the future, plus creating jobs immediately, and a tax cut," she said.
Another senior Democrat, New York Senator Charles Schumer, told ABC News that a package of between $500bn and $700bn was needed to overcome the current economic crisis.
The president-elect's new economic team will be charged with revitalising the US economy, which is faltering badly amid the global downturn.
On Saturday, Mr Obama said the economy needed to create 2.5m jobs by 2011.
In a weekly address, he said he wanted to rebuild America's ageing infrastructure, including roads and bridges, as well as develop sources of renewable energy
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SOLARLIFE
FRENCH RIVIERA MONACO LONDON, France
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Recommendations (14)
NettieSpaghetti
Altoona, Pennsylvania, United States
Paschen
Narita, Chiba, Japan
Barbara McPherson
Nanaimo, Canada
Most RecentMost Recommended Comments (7)
at 16:52 on November 23rd, 2008
When money runs short in my household we spend less not more. This reminds me of the old joke: If you owe the bank $1 000 000, you're in trouble. If you owe the bank $1 000 000 000, they're in trouble. The spendthrift habits of our southern neighbour are dragging the whole world down.
at 17:04 on November 23rd, 2008
Barbara....When money runs short in my household we spend less not more, basic intelligence back to the roots. Instead of Bailing out the car industry (GM alone will need $470bn with revolver credits) America should produce in America low cost products, for the emrging countries. Not possible you say? Of course the $100 laptop can be assembled in America, like other genius products with US design. The thing is the Banks have to be forced to finance production in America or go. They always said no money for production. Now the bitter end. Hope for all change to middle class thinking soon, with reintroduction of Middle class people in business and political power.
at 21:06 on November 23rd, 2008
Good Post SOLARLIFE and very interesting insight.
at 04:14 on November 24th, 2008
Paschen...interesting inside....thnaks fro flag "Soviet Union 5 years plan for US ?"
at 04:18 on November 24th, 2008
That would be some thing.
at 22:55 on November 23rd, 2008
WOW, "2.5 million new jobs by 2011"!!! right now a million are unemployed in Michigan alone. again, don't keep your hopes up people.
at 04:12 on November 24th, 2008
forthebetta...1 million alone unemployed in Michigan. Obama - Clinton mix: Repair old bridges and if you get a job you are obliged to buy I new ford to drive over the bridge. The faster you drive, the sooner the bridge needs repair again, so new work for you. Now comes Bill in places two Solar panel streetlights approximate investment $10 000 in renewable energy, the rest stays in his Clinton or C40 foundations (Up to date 2008 : $170 million + $500 million). So who earns the money? I guess we need some street intelligence to catch up with a new change economy for middle class people. Sounds more like a Fidel Castro Cuban economy approach.