Deleveraging the economy

...remember when we tried to tell you why walmart and its cheap goods while killing massive amounts of mom and pops was BAD for this country?

Put a sock in it. The first Wal-mart opened in 1945. America is a lot better off now.

I live right by Bentonville, Arkansas, I have worked for Wal-Mart when Sam was alive.
The first store in Bentonville was opened in 1962. The old five and dime is now a museum.
 
...The first store in Bentonville was opened in 1962. The old five and dime is now a museum.
Historians get paid to differ; the account from the Sam Walton Biography and others say--

"...1945 saw him leave the military with the ambition of opening a department store, and so with a $20,000 loan from his father in law and his own savings of $5000 Walton bought a Ben Franklin variety store from the Butler Brothers franchise in Newport, Arkansas..."​
 
One of the possible reasons why we're in the pickle we're in economically speaking, is because we've been borrowing and spending too much over the past 30 years or so. As individuals and as a gov't, we spent a lot more than we had and now it's catching up to us. So, whatever President Obama says in his speech tonight or whatever the GOP says/does in response, it may well be that the public is just not going to return to those prolifigate spending ways. At least not until they feel better about their financial situation and their job security if they even have a job.

Without jobs, where will Americans obtain the money to pay their debts?



Without sales, how will companies justify hiring more people?

It is my opinion that jobs bills and stimulus spending will help assuage some of the pain people are in, but only temporarily. Until we get to the point where your equity in your house is a positive number and you feel your job is save and your brother/sister is back to work, it's all bandaids and bactine.

Without a jobs bill, how do you get people back to work?


How much more debt/deficits do you want to run up?

What makes you think the shovel ready jobs that we can do "right now" will be any more "shovel ready" than last time? What makes you think another $450 Billion will be better spent, better controlled, better managed?

What makes you think these jobs will not go away once the job is over?

What makes you think if you raise taxes only on the wealthy to pay for all this you can still get economic growth? I heard there was a dem proposal to raise their taxes up to near 50%. HAVE YOU LOST YOUR FUCKING MINDS?


You want to know how to get people back to work?

1. Reform the tax code, reduce the rates for personal and business income and pay for it with deleting the loopholes, subsidies, and tax breaks. Revenue neutral.

2. Open the gulf and Alaska and other places to oil drilling. Finish the Canadaian pipeline to the gulf.

3. Tell the EPA to go fuck themselves. Rollback everything they've done in the last 3 years unless it can be shown the change was really needed and couldn't be done in a more cost effective way.

4. Repeal ObamaCare. Gotta be a better way than that piece of crap. Find it, if the best we can do is Ryan's plan, so be it.

5. Repeal Dodd-Frank. Instead of institutionalizing too big to fail, the new policy is if you fail you go done the tubes. Tough shit.

6. Hiring freeze at the federal level. No pay raises for 5 years.

7. Examine every federal dept, reduce or eliminate duplicate or wasteful or out dated offices.

8. No need for a balanced budget amendment that takes years to get passed at the state level, if ever. Just require that every increase in the federal debt ceiling be accomplanied by at least an equal or greater cut in spending. Require a 2/3 majority vote in both Houses of Congress to get around it.

There's other stuff to do, but you get the picture. You dont have to spend 450 billion bucks and go deeper in debt, you just have to get gov't out of the way. Problemis, this president won't do any of those things.

Some of those are good ideas - like simplifying the tax system - (which Obama's proposed) but none of them, except maybe drilling, will create any jobs.
 

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