People the more I read into the Obama Stimulus package to "save the economy" the more faults I find in it.
See is a fact that
America borrows on the tax payer money to pay for interest alone.
We in America have lost millions of jobs in the last 8 years along.
America tax payer can not pay enough in taxes to lower the incredible expanding deficit.
So America has been borrowing like crazy from our lenders now the biggest China for everyday business.
Do you know what that means, China pays for our everyday government expenses, war, the infrastructure, social programs and government pay
rolls.
So Obama solution is to keep borrowing more money, cut taxes and a littler give away to the working class.
People of ATS you are smart people you are passionate people do the math and come to me and tell how this bail out for the economy is going to fix
the economy, reduce the deficit and pay off our bills and stop the borrowing.
This is how America
used to recover from recessions
In the past recoveries were routine, because recessions were temporary restraints resulting from the Federal Reserve putting the brakes on an
overheating economy. By restraining the supply of money and credit, the Fed caused inventory buildup, layoffs, and a halt to price rises and union
wage demands. With the economy cooled by unemployment, the Fed would take off the brakes. Interest rates would decline, money would flow, consumer
demand would rise and workers would be called back to the factories.
This the present situation of America.
Today the situation is different. In the 21st century real wages have not risen. Workers have spent more by accepting deteriorating household
balance sheets. They have maxed out their credit cards and spent the equity in their homes. Imitators of the US government, American consumers borrow
to pay their bills.
The expansion of household debt relative to income created the illusion that the economy was sound. But the consumer economy was as much of a
credit-based bubble as the real estate bubble and the financial sector bubble. The economy has lost its real basis.
I may sound pessimistic but nobody even those that see Obama as the rescuer cannot deny that Americas road to recovery is just no there.
Any stimulus toward the economy in this nation will go oversea, that means that the stimulus bail out that will be borrowed against tax payer to be
backed up with money from our lenders oversea will become more burden into our already bankrupt economy.
Sorry people but that is a fact, ugly dirty but a fact.
www.economyincrisis.org...
Keep it. 
as well. 
