Monday, January 25, 2010

One year and counting

It is almost a year since I posted my strategy for getting out of the recession and guess what? Obama has just realized that its about jobs !!!.Can you believe it ! Today, house resales showed a 17% decline for last month  Banks are stopping access to home equity lines ( I really can't blame them) and the administration has been doing what ? NOTHING !!! Mr. President, if a person loses his/her job and his/her home, the likelihood of illness increases and the need for health insurance will increase. So, how about implementing a no-cost health insurance plan ? Get some advisers that understand basic economics and increase the number of jobs for people. If people have jobs, the chances of losing their house decreases. I cannot believe we had to wait a year for this revelation!!. During that time, we have had huge amount of "stimulus" that, if you traveled last year, appeared to have gone to new asphalt on the roads. Yes, it kept people employed almost round the clock, but what happens to them this year when states and cities have no more money to funds similar projects. That's right, more unemployed ! Check your local town and see how many teachers will have to be eliminated next year because of budget cuts. And who is going to lose their jobs? The newest teachers that have the latest education and the best computer skills.  If that money had been invested in businesses ( where a profit is made) those profits would be re-invested this year and possibly more workers may be hired and then more the next year etc. Hello, Mr. Obama, lets get this job and housing situation fixed and stop with these special interest subsidiies.This situation is hurting the older retirees saving. Oh, also Mr. Obama  the retirees  are one of the largest percentage voting blocks.  Government investment in non-profit producing businesses is a partial waste of capital and only has the effect of a temporary plug in the dike. Business is more like an old fashioned water pump. Prime it and it begins to flow.

1 comments:

Daddy Paul said...

"Hello, Mr. Obama, lets get this job and housing situation fixed and stop with these special interest subsidiies.This situation is hurting the older retirees saving."
I could not have said it better!

My mutual fund blog