Global Economists Fail At Transactions: USA Needs Them!

Discussion in 'Economy' started by mascale, Nov 8, 2010.

  1. mascale
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    mascale VIP Member

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    Famoulsly, The Republican version of California Moonbeam, Jerry Brown, San Diego, CA, Rep. Issa, pointed out in a GMA internview, November 8, that the Stimulus had actually not created a state and local government tax base. Those rely on private sector transactions. The Preservative Stimulus monies had mostly gone to protect government employees, and the teachers, and to MediCaid types of spending for the rich and employed medical services community.

    Universities did not so-state. School Districts did not so-state. Economists did not so-state. The Nobel Committee did not so-state. Even the ABC interviewer did not so-state. The White House did not so-state. RNC did not so-state. DNC did not so-state. The think tanks did not so-state.

    And so now there is the entire G-20, refusing to so-state!

    Federal Reserve action under global attack ahead of G-20 - Nov. 8, 2010

    The claim of global government, ruling elites, is that Obama had actually spent and done enough already. Schedule M was enough, and when the Bohemian Club meets again in California, (with their usual, "going" problems, then at least there will be roofs on the outhouses. That was a part of the "infra-structure spending," clearly in the Obama . . . .Clearly in the Global Economic, worldview!

    "Outhouse Roofs," are important--in the free market, weak central government. economies of places like Haiti, and East Africa.

    Actually, the Fed has no choice but to do QE2. The State of California has even run out of state unemployment benefits money.

    The Republican from San Diego is likely one of the few people in the nation, or even on the planet, who can do business with Governor-elect Brown of California. Moonbeam, in other words, will probablly be doing his own state accounting, soon enough, and is likely one of the few people on the planet even willing to talk to Rep. Issa.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Her Majesty's government had taken such pains, at Davos only three years ago, to remind the former. . . .well, governments about the nature, sources, and uses of credit! The Incoming Speaker of the House will have nothing, apparently, to do with the $52.0 tril., Total Credit Maket. There was once a 15 year mortgage, long since paid off. That likely leaves only, Governor Brown for the Rep. from San Diego to talk with, about business, as usual, in America!)
     
    Last edited: Nov 8, 2010
  2. uscitizen
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    uscitizen Senior Member

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    The stimulus was just a temporary prop for the economy.
    We are still waiting on all those jobs the tax cuts and rising stock market promised.
     
  3. william the wie
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    william the wie Gold Member

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    It ain't going to happen.
     
  4. mascale
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    mascale VIP Member

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    The QE2 can do what two thirds of the Stimulus was in no position to do. Rep. Issa, GOP from San Diego, actually had it right in the widely un-noted, GMA, interview: November 8, 2010.

    An Annoyed George Stephanopoulos Harangues GOP Rep to Recant Criticism of 'Corrupt' Obama | NewsBusters.org

    Two thirds of the Stimulus was preservative, and never intended to be Stimulus. On the one had, the GOP is famous for its witchhunts--esecially the Tea Party, looking for candidates to run for office--On the other hand, these were the clear unperfected(?) people to accuse of harm of the children of America: Teachers, police, fire rescue, fire responders, tax collectors, judges, librarians, and the various clerks and records-keepers.

    These people are government, and are not transactons-makers. Technically, they collect the taxes. Actually, they do not create the tax-base. They are adminstrative, in support of the law. The MediCaid Mills were another case in point. These people basically need to be kept in the low-income neighborhoods, doing something other than carrying away the orphans.

    Schedule M was the Refundable Tax Credit which put $400.00 per worker in the pockets of the shopkeepers, where the money got spent. Most recently, in fact, the U. S. did take the GOP, anti-business tack: And paid down their debts and credit cards. Speaker Boehner, of German heritage, is not heavily into the $52.0 tril. Total Credit Market, for example, himself at all. Ronald Regan's former Budget Director, David Stockman, was on one of the Sunday Morning, Early Reponse, shows himself: Noting that the Total Credit Market of $52.0 tril. isa concept that needs to be understood!

    As opposed to House Speaker's Concept: USA actually wants to get back to business, again, even in America(?)! The Obama Administration saw its main mission to be preserving the government instead. The Obama's are educated in the The Law, and have a clear concept of how they make their money!

    So the educated people bailed out the people who are wrong about everything: History, organization, Social Order, and Daily Life! That was even in the Free Venice Beachhead, of Califonria, only twenty-five years ago: An area now famous for its marijuana dispensaries. The people have not slowed down enough, even yet, to follow the concept!

    These scum are wrong: And there are lots of them, worldwide!

    In fact, the state and local tax bases come from transactions, in the local areas, and not from the administrative jurisdictions themselves! So the Stimulus is about Schedule M, and whatever projects have been let, and those yet to be funded. That is only barely one third of it all.

    So far, mainly only the GOP Issa wants an accounting, and maybe Jerry Brown of CA: Who may be there to help, if all by himself from a compact car, instead.

    And the new GOP in the statehouses have the bags left to hold, and not always carpet as is usual. Business as usual is not even on the agenda(?), of the Speaker of the House Apparent, in the supportive offices in the Congress.

    The World Educated Classes are actually, lethally wrong!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Same bunch sent rotted corn and poison blankets to many nations! Many Nations now go to Great Spirit, Not to Return Forever!)
     
  5. uscitizen
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    uscitizen Senior Member

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    Ohh I have known that since Reagan.
    However it is still a leading mantra by the faithful.

    In any case we have a new factor with this recession. Outsourcing of jobs and global competition.
    The experts keep ignoring this and think the more of the same will fix things.
     
    Last edited: Nov 8, 2010
  6. mascale
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    mascale VIP Member

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    It is not clear if Ronald Reagan was ever a friend of Texas Senator, Lloyd Bentsen, who later became Secretary of the Treasury. It may never be clear if Ronald Reagan was on a first name basis with his budget director, David Stockman.

    Now, however, later on: David Stockman, on November 7, on ABC This Week: Provided Information on current events in America:

    "STOCKMAN: The crisis will be with us for the next 5 to 10 years. We've had a debt spree for 30 years. The economy has been badly injured. It is sunk under the weight of $50 trillion of debt that we've created publicly and privately. The recovery is over. It was weak; it was tepid. What we have now is day-to-day, 1 percent to 2 percent growth, if we're lucky. And so therefore government has to focus on paying its bills and not micromanaging or simulating the economy."

    Reagan and Bentsen were unable to attend.

    Mainly, Stockman is only aware of the Total Credit Market, and of Business as is usual: Which is that. Speaker-Apparent Boehner doesn't seem much about--Business as is usual in America. World and national economists don't seem to know much about it. Teachers and state and local administrative employees in government units don't seem to know much about, with the first-reponders opposed letting anyone know anything about, and drawing pay on that basis. Universities and Think Tanks don't seem to know much about it. The Nobel Coimmittee knows nothing about it. Caregivers go nothing about. RNC and DNC know nothing about it.

    Day-to-day business aside, The Federal Government has an arithmetic problem, being solved, which it is about to let lapse. The U. S. needs state and local transactions. The Obama Administration mainly bailed on the concept. Schedule M, and any infra-structure spending, should not be allowed to lapse.

    Coming into office, the Ivy League, Bush people, provided Tax Cuts as The Stimulus, even though 40% of income tax filers had no income tax liability to begin with, and got nothing. Coming into office, the Ivy League, Obama People, went more into Preservative Spending on the unaffordably useless, and only barely tried to provide any state and local transactional, sustaining basis for a recovery. The Transactions came from the $400.00 per person refundable tax credt, which even went to the 40+% of the income tax filers who actually did not have any federal income tax llability, but did get the extra $400.00, anyway.

    Transactions could happen.

    The Ivy League did math. If it need three new jobs at $40,000.00 per year per, then it actually made better sense to only preserve the two jobs already in place, at $60,000.00 per every year.

    These are an educated people!

    "Crow, James Crow: Shaken, Not Stirred!
    (Many Squaws Not come to lands of many nation, with shiny trinkets of pump-priming, lever-handled great heroes of White Eyes legends! Hmmm!)
     
  7. william the wie
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    william the wie Gold Member

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    The economy will keep chugging along but when QE II finally breaks the Yuan peg, that will burst the Far East bubble and no one knows what will happen then.
     
  8. mascale
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    mascale VIP Member

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    The banks will no longer be covering bogus assets, created by Bush, Cheney, "Boehner-of-No-Interest(?)," and McConnell-of-The-Pork-and-by-the-pork-and-for-the-pork.

    McConnell actually has the right idea, for now. Federal Reserve actually has the right idea for now. Rep Issa has identified the problem. Former Director Stockman has provided the scale and the scope of the problem.

    Possibly noticing that the Libertarians are now two, in the federal legislatures, plus the Socialist, and the "Other" Conservative, who does not live in Israel, and is not so regarded by that faction in Israel: Then there is Candor, and Openess, before the Senator With The Rope from Alaska shows up! Rand Paul, Mitch McConnell, and Rep. Issa, are not into the Judge Roy Bean--Alaska-style, at this time!

    Alaska is very large state, as opposed to the smaller-scale states.

    "Crow, James Crow: Shaken, Not Stirred!"
    ("Haangina-lix" is a mighty big word, In Alaska: Which is not how Murkowski has explained it! In fact, "Impossible," is a mighty big word: Even at Democratic National Committee, when it comes to repeal of Health Care Plans!)
     
  9. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Darrell Issa doesn't want "accounting". He's called President Obama the most corrupt President in history. What he wants is a second fishing expedition like Ken Starr's investigation of President Clinton. The endgame is impeachment.

    Pure and simple.
     
  10. mascale
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    mascale VIP Member

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    The Tea Party did the Witch Hunt before the election, and it didn't work. Rep Issa finally modified that legal corruption was not the kind he was pursuing, but that he had the more absolute, Judeo-Christian sense of the word in mind instead.

    Anyone recalls that "Burn Baby, Burn!" is differerent from "Drill Baby, Drill." In history, it actually has meaning more akin to fine old traditions from France!

    "Crow, Shaken, Not Stirred!'
    (Many Squaws left without Shiny Trinkets, for lands of Many Nations! Hunting Party, Send Scouts. . .to bullly homosex. . .Do more American Things!)
     

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