Time for a change

Well it looks like the economic stimulus plan will be done through giving us taxpayers a rebate. Even though I personally like the ideal of the government handing me some money and hope that people that owe me money will now pay me back (ok not that likely) I think we should all look at something and that is the fact that we did this all 6 years ago.



Since we are once again in the same but I think maybe people should look at the fact that more then likely will only be a short term fix and we need to look at the under lining problems in the American economy right now.



For example many people point to a big reason for this “economic slow down” is due to the mortgage crisis but it really goes deeper then that. A large number of people who fell victim to predatory lenders where themselves already not doing so well finically. There where a lot of people that took out mortgages to get the money to pay of bills or couldn’t make a payment when the mortgage bill went up because they either lost a job or had a job that didn’t pay to much.



The average American hasn’t really been facing an economic boon. The job creation rate has fallen below the number of people entering the job market and many of the job created don’t really pay that well.



And even for those that do have a good paying job may still be broke because of credit cards.



Until we fix those underlining issues in 5 or 6 years are just going to have to do this all over again. But since this is an election year one can hope that the new president will create policy that will foster a better economy.

Recession fix

Well Bush and Congress are going to pass something to help boost the American economy to make sure we don’t fall into a recession.



There has been much talk about what will be the best way to do this. Some think it is best to give money directly to people in the middle class. Others think giving tax cuts to business should do this. While others fill the best way to boost the economy is giving money to the poor (in things like an increase in food stamps or unemployment benefits).



I even heard some say that the money should be used to fund public work projects.



More then likely it well be done in the form of a rebate check some where around $300 to $800 giving to people in the middle class. And even though I like the ideal of getting some extra money directly into my pockets I think we will get more bang for our buck if the money was used for a public work program or giving to the poor.



Giving the money to the poor makes a lot of sense since statistically poor people will be less likely to save money then people of middle and upper classes and we want this money spent and placed into economy as fast as possible.



The public work project one can be a twofer, not only do you give jobs to people (which would take people who are un(or under)employed and give them pay checks that they will spend) but you fix our aging infrastructure (by doing things like fixing roads and bridges etc) and also create new infrastructure for a number of different things that we as a society (and the American economy) will benefit from now and in the future.

jerk who wanted $100 oil

the bbc has a report about a futures trader who is credit for why the price of oil is over $100 per barrel. The reason why he bought the oil at that price...so he can tell is grandkids that he was the first person in the world to pay $100.

those kids should have at least one of two responces.

1)That was stupid
2)your a real a'hole granddad.

to bad the bcc didn't print this guys name, but if they did I guess everyone who has to pay more at the pump will try to hunt this guy down.