Obama Is Right The World Is Wrong

By Liberalman
February 03, 2009

We all pay taxes to the government and they provide services to run the country.

Businesses provide services and goods to help run the government, which they pay for with taxpayer’s dollars.

Government stimulus spending is welfare for the countries businesses.

The taxpayer has the right to tell the government how they want their taxes to be spent.

In the world the economic crash is happening because consumers are becoming greedy by choice and by fear they are not spending as much as before so the economic engine is slowing down.

The consumers have decided to put their money in the bank and keep it until they really need it.

Government infrastructure spending is a temporary solution because when the money dries up or all the money is spent the economic situation goes back to what was before and people will stop spending.

This situation could have been avoided if the government of yesteryear didn’t pressure the banks to make credit available to riskier customers who had a habit of not paying their bills on time or not paying at all.

The government also let the banks get into the investment and insurance business.

I was watching Squeezeplay an investment show on the Business News Network and Kevin O'Leary one of the hosts said that the banks put back their lending policies like it was in the 1950s and 1960s where only the people that had a history of paying their bills on time would get loans.

Government stimulus is designed to help the taxpayers get up and working so the government can get their money back in the taxes that the newly worker pays.

If the government buys manufactured goods from another country it’s defeating the purpose of stimulus program.

The governments of the world entered into global economy agreement that says no protectionism.

In America, President Obama has a stimulus bill going through the Senate that has a Buy America clause in there that is ready to spark a trade war against America.

If President Obama wanted to avoid a trade war he just has to change the wording of the bill to 85%-90% Buy America that will take this bill out of the protectionist territory.

The government also has to enforce their anti-dumping laws which according to the United Steelworkers China breaks on a regular bases.

I hope our Prime Minister can bring in a provision on their stimulus when they are bailing out Canadian businesses that includes an 85%-90% Buy Canada, which will bring jobs back to Canada.

With the Conservative government one can only hope.


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