How GOP & Ivy League Created The Slow Recovery

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The Socialist Intervention in all the functioning economies of the world focused on public works and infrastructure spending. China may famously overtake the United States with a vastly superior infrastructure, poised for even more expansion.

So what became of the tax cut incentives for the housing market? U. S. Census shows that many were sold a few years ago, and then none were sold, and even fewer even now.

http://www.census.gov/const/soldann.pdf

So anyone has to notice who got slammed in the financial crisis. Banks got the bail-out, along with the now famous socialist car-makers. Construction workers, and employers, were left with a tax credit, and the Bush Tax Cuts. Money and incomes didn't happen.

Jobs were not provided. Now they are called, "99r's." Incoming building trades workers can't find apprenticeships. The GOP Texas governor is more into prayer and fasting. All discussions now point to deficit reduction, anti-spending, as the enemy of jobs creation.

Lack of spending doesn't work! See how no spending for housing sales is not at pre-Great Recession levels. See the impact of the Ivy League, and the Bush Tax Cuts at works.

See all sissy commetators drawing pay, even though troops die daily even in Afghanstan instead! U. S. jobs for construction trades are nowhere on the radar.

"Crow, James Crow: Shaken, Not Stirred!
(Many buy lottery tickets--when odds are better on Lands of Many Nations!)

 

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China may famously overtake the United States with a vastly superior infrastructure, poised for even more expansion.

FYI China's STIMILUS package was much larger than ours our was by comparison to their GDP.

Beijing's leaders are patting themselves on the back for moving fast to prime the pump. Speaking at a conference over the weekend, Li Rongrong, head of the watchdog organization for China's largest state-owned enterprises, said earnings at those companies grew 26% in March compared with the same period a year ago. In a speech on Apr. 18 at the same conference, on the tropical island of Hainan, Premier Wen Jiabao said the government deserved credit for the good news. "China's rapid reaction in rolling out the stimulus package has resolved some prominent problems in the economy, strengthened market confidence, and stabilized people's expectations," Wen said.
"Vigor and Commitment

Much of the juice is coming from state-owned banks. While the Obama Administration struggles to get U.S. banks to start lending again, Chinese banks are following government orders and flooding the country with loans. In the first three months of the year, new lending by Chinese banks grew 30%, to $676 billion. That means the banks are already more than 90% toward Beijing's target for the whole year. "It looks like the banks have fulfilled their brief with vigor and commitment," says Standard Chartered Bank's..

source: Bloomberg Weekly

Keynesian economy policieis work IF

1. That is what the economy needs, and
2. It is big enough, and
3. It is actually applied sensibly.

We got 1 out of 3 right in this nation.

 

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China may famously overtake the United States with a vastly superior infrastructure, poised for even more expansion.

FYI China's STIMILUS package was much larger than ours our was by comparison to their GDP.

Beijing's leaders are patting themselves on the back for moving fast to prime the pump. Speaking at a conference over the weekend, Li Rongrong, head of the watchdog organization for China's largest state-owned enterprises, said earnings at those companies grew 26% in March compared with the same period a year ago. In a speech on Apr. 18 at the same conference, on the tropical island of Hainan, Premier Wen Jiabao said the government deserved credit for the good news. "China's rapid reaction in rolling out the stimulus package has resolved some prominent problems in the economy, strengthened market confidence, and stabilized people's expectations," Wen said.
"Vigor and Commitment

Much of the juice is coming from state-owned banks. While the Obama Administration struggles to get U.S. banks to start lending again, Chinese banks are following government orders and flooding the country with loans. In the first three months of the year, new lending by Chinese banks grew 30%, to $676 billion. That means the banks are already more than 90% toward Beijing's target for the whole year. "It looks like the banks have fulfilled their brief with vigor and commitment," says Standard Chartered Bank's..

source: Bloomberg Weekly

Keynesian economy policieis work IF

1. That is what the economy needs, and
2. It is big enough, and
3. It is actually applied sensibly.

We got 1 out of 3 right in this nation.

Actually, I think we got 2 out of 3 right. Where they screwed it all up was in number 3. If they had taken the entire stimulus and put it all toward infrastructure, the result would have been a net positive.

There is one thing about infrastructure spending that cannot be denied. No matter how unhappy some may be to spend money, and in this case to borrow money to spend, if it is spent on infrastructure, in the end we actually have something concrete to show for that money spent. As for the tax cuts that were such a big part of the stimulus, there isn't anything concrete to show for them.

 

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So anyone notices that to re-visit the Great Depression, then it was necessary to fly in the face of Old and New Testament prohibitions against usury profits from the poor--Called ARM's--and then slash and burn all the credit cards. The Total of Balances had dropped hundreds of billions of dollars. Anyone employed stopped buying long-term assets.

Money was being kept away from the marketplace, one way or another. Housing values are at more customary, Schvartzik levels in America, the construction employers and labor are devoid of stimulus spending provided for them. Shoppers are apparently coming back, however.

The GOP anti-spending mantra came on the heels, essentially, of the Ivy League failure to reason that the financial crisis was a housing crisis, and so builders needed public works spending relief.

Anyone might suggest that we now have evidence that all the overabundance of Jews at the Ivy League schools have been reading the Book of Mormon, instead. The Old and New Testmanents had nothing to offer modern America! Mormons understand about voluntary income redistribution, but not too much about the usury conditions.

http://maxwellinstitute.byu.edu/publications/jbms/?vol=1&num=1&id=2

The Ivy League understands about voluntary, if not much about income redistribution, or the usury conditions.

"Crow, James Crow: Shaken, Not Stirred!"
(The Presbyterian take on the matter, of course, is to leave everything alone!)