Tax Payer Life Support

Dang, I knew it was too good to be true. As soon as I give the President Props on his first interview on a major national television network, it just so happened to be the same day I got a hold of the presidents spending, I mean stimulus, I mean recovery plan. To be honest it seems as if it just is a way to package all of the wishes of the democrats in one bill. It may even need to be called the Reed-Pelosi Bill, which would be more appropriate.

Last year. More than 20 banks failed. This year I predict more that that number, if not double will fail. I don’t mind this, except for the fact that the FDIC has to insure these funds and that it is insured with our loot. Now, we have seen our economy shrink 3.8% in the last quarter alone, the largest decrease in 26 years coupled with a GDP that has been constricting anywhere from 5 to 10 percent since 2000 (my math).

Unfortunately, although they call this spending, I mean stimulus plan something needed NOW, it won’t go into affect until fiscal year 2010. Not to mention, it feels as if I am one of the few that has read from front to back the 600 plus pages of Obama’s spending, I mean stimulus plan. The scary thing is that many feel it is better to do something now than to wait to see what happens. I would rather think and do something that works than to TRY and implement a short term fix. Believing that this will fix the economy or will help is like telling me that I should believe in the tooth fairy and Santa Claus.

People, don’t be dumb, the choice is not do something now versus not doing anything at all, but rather if it doesn’t work, what will we do then? Seems nobody knows. I mean Obama calls it a recovery plan, yet he cannot assure the public that spending our money the same way Bush did will work. He speaks of a multi- legged stool, and that this is one leg, but any designer would design all legs for the stool at once. It’s like designing a house with one wall at a time. This just shows me that neither Penn avenue nor Capitol Hill has a clue of how to solve this problem. Being a person without a job, and one who owns his own business, it hard for me to see why it is that folk who got jobs, who’s salary I pay, act as if since they got a check coming in, I can do shit have azzed. I mean increasing food stamps and increasing unemployment benefits is not a stimulus plan.

One concern is that it seems that all of the job creation is designated for the public sector, you know state and local and federal government jobs. This makes no sense given that these aint where the job losses are occurring, in fact job losses at the government level is at about 2 percent. Most of the jobs are in the private sector: the Caterpillars, Home Depots and Astrazenca’s of this great nation. Add to that increasing spending in health care, education and unemployment benefits does nothing to stimulate the economy. What we need is manufacturing, in particular, making a product that everyone else around the globe would want to purchase. India got it down, why don't we?

But check this, the money for the Obama planned is all BORROWED, and the associated administration aint gone tell us that let alone how much that’s gone cost us to borrow this $800 plus billion. This is shady, just as shady as bailing out credit unions to the tune of 80 billion and not telling WE the general public.

We all need to be responsible and look at this seriously for our kids depend on this. The strange thing is that folks who may have voted for Obama, just seem to trust him, like he aint no politician. I wouldn’t be surprised if the same folks aint even read what he has proposed as a stimulus, I mean recovery plan for if they did, the would see it does nothing to solve the problem which is two fold: housing devaluation and foreclosures and debt accrued by synthetic papers in the form of collateralized debt. Especially with us having about a $1 trillion deficit this year - even before this stimulus bill, and with a $10.6 trillion national debt, we may as well just sign over our nation state to China, our largest creditor.

So to all the republicans and democrats and you to Mr. President, don’t piss on me and say it is raining. I as a tax payer am suffering. It was you that said the problem should be directed towards “mortgage relief” but you plan don’t even address this, nor does it reach us regular folk. Like I said, I pay my taxes, but this tax payer here feels like he is on life support.