Palin to quit

[Windwalker]

Well, you wouldn't be the FIRST to try to hide your affiliation after what Dubya did to this country.... but, it is possible that you have no party affiliation whatsoever. But, I doubt it.

And, "EXPERIENCE IS A DEAR SCHOOL, BUT A FOOL WILL LEARN IN NO OTHER". (Give yourself a few more years, and you'll be a whole lot smarter.) Bush had the very same problem Obama is having. It's like trying to keep water flowing in the Mississippi by dumping truckloads of water into it. But, the small creeks and streams get nothing. His problem is that he's using the same caliber of "ECONOMIC ADVISORS" as everybody else before him. And, because of that, he's not going to do any better than either of the Bush's.

We're getting another version of the "TRICKLE DOWN ECONOMY" and it's already been proven to be a "FAIRY TALE". The water from the Mississippi does not "trickle" back to the small creeks and streams and neither does the cash in the economy. What brought the economy to this point is...

$102 a year for car insurance in 1985
$27,000 wages in 1985

$2004 a year for car insurance in 2009
$530,550 income in 2009

Increase in car insurance premiums over the last 25 years is 1965%
To keep up with the percentage increase over the last 25 years in car insurance... Are you making more than half a million dollars a year??? I don't think so. Now, look at the percentage of increase in property tax, health insurance, rent, utilities, fuel, and food. Has your income kept up with any one of them? It's the same with most Americans. Expenses have gone up, but the income has not kept up with them.

In the 1950s,
The man was the "breadwinner", the woman was a housewife.

In the 1970s, Both had to work to make ends meet.

In 2000s, it takes the man and TWO WIVES working to make ends meet.

By the year 2015, he'll have to have THREE WIVES working to make ends meet.

Across the country, people do not have the money to spend like they once did. For decades now, the income has been narrowed down to essentials, rather than the extras in life. Over the last ten years, it's been kept, almost exclusively, to essentials and even at that, it's reached the breaking point. It doesn't stretch anymore. And, that is not the fault of either the Bushes, and that's why the current administration will have no more luck than the previous. Until they ALL realize that the cash MUST flow from the bottom to the top, nothing is going to turn around. And, to do that, it's going to take far more than a Presidential Administration. It's going to take a dose of reality at the corporate executive levels across the country. And, by the time that happens, someone else is going to own us. Just too bad it's going to take the balance of this four year for you to gain that experience and learn from it.

[GMAN]

One reason products and services are so much higher than 40 years ago is due to increased government regulations increasing operating costs and so many new and increased taxes. Both need to be passed on to the consumer in higher prices. Many of the taxes we have today didn't exist 40 years ago. Under the current administration we pay approximately 60% of our earnings in taxes. That means that if you earn $50,000, $30,000 goes to pay taxes of one type or another. That leaves you with $20,000 to spend as you wish. There is no telling how much more that will rise with the healthcare tax.

[Blacksheep]

These goofy libs want a nanny state, have the government do everything for them down to wiping there azz.
We now live in a thugocracy, Chicago style......

[Gearjammin' Penguin]

His problem is that he's using the same caliber of "ECONOMIC ADVISORS" as everybody else before him. And, because of that, he's not going to do any better than either of the Bush's.

I got your "economic advisor" right here.

The Market Ticker

[Windwalker]

I got your "economic advisor" right here.

The Market Ticker

Actually, YES, YOU DO!!!

There is only one way to produce a durable economic recovery that does not involve massive contraction in GDP - We must find a way to boost actual personal incomes dramatically so as to free up additional spending power. (Ths does not happen by AIG, giving out nearly $2 billion in "bailout money as executive bonuses) This means dramatically expanding the labor participation rate, which in turn means bringing jobs home rather than offshoring them. In short, we must increase PRODUCTION, not paper-pushing

This is something I've been talking about more than a year ago. The wages of labor have been supressed for decades. One solution would be a dramatic overhaul in the tax formulas. Something like, "no taxes below 30,000, and a crossover point between 80,000 and 100,000. Tax breaks for companies whose labor wages average over 40,000.

All their formulas that were put into effect after the Great Depression in order to prevent this do not apply to the current situation.

We have a long way to go folks, and further attempts out of the government to "pump" the economy and markets, while certainly making the stock market feel good in the short term, are unlikely to be able to turn around the credit demand picture, which is in fact the backbone of our economic engine.

Absent that turn-around the only paths forward are to either dramatically increase taxes (which will hammer consumption and thus stocks) or force repatriation of labor so we produce more (which will lead to nasty tariff wars ala The Great Depression.) Attempting more and more fiscal stimulus to prop up a consumer with no more true borrowing or production capacity is a path that will produce "feel good" response only for the duration of the spending, the ability of the government to continue down that path is not indefinite in duration.

The government's current attempts to turn around the economy is like pumping water into the Mississippi in order to fill the small creeks and streams that, in fact, are where the water in the Mighty Mississippi comes from. What they've been doing, they'll have to keep on doing to keep the Mississippi flowing. By the time this administration is over, it won't be a beast... It will be an enormous monster. And, we'll be expected to pay it off.

Care to take a guess how many times I've heard people saying; "I'm not borrowing money to buy a toothpick, much less a car." Consumer income is low, and consumer confidence is even lower.

[Windwalker]

These goofy libs want a nanny state, have the government do everything for them down to wiping there azz.
We now live in a thugocracy, Chicago style......

That where you got your avatar????

[Blacksheep]

That where you got your avatar????

Yup that's Al, the original mayor of Chicago.