Barack Obama Is Moving to Head Off a Depression
The country’s spirits are worse than at any time since the Great Depression
Speed is critical. The great John Maynard Keynes famously said, "In the long run, we are all dead." Wrong. In the long run, we'll all survive and flourish. It is in the short run that we could be dead.
The Obama Renewal could be put forth to the American people in time to be passed for his inauguration.
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The chain effect
The chain effect of the ecomomic depression spreading all over the countries.It is a also a great problems developing countries like Nepal.To boost the downwarding ecomomic activities,Keynes Effective demand policy must be followed.
Another Depression Coming and for all the same reasons
Republicans are to blame for causing the Great Depression and the current economic collapse by favoring monopolies, big business and the wealthy. These policies squeezed the masses between relatively low wages and high taxes and prices. The Federal Reserve is forced to try to maintain the standard of living by expanding the money supply, which produces unsustainable credit-driven booms. Eventually, consumers’ credit runs out, especially since the debt financing from the savings of the wealthy is at high interest rates. When markets fall, brokerage firms, that lend money on the margins (e.g., several dollars for every dollar an investor deposits), call in loans, which cannot be paid back. Banks fail as debtors default on debt.
Democrats make sure depressions continue until world war. They believe in a nationally planned economy including higher taxes on corporate profits, increased federal government control over the economy and money supply, intervention to control prices and agricultural production, complex social programs and wider acceptance of unions. Interference in the economy help cause depressions, and government efforts to prop up the economy after only makes things worse by delaying the market's adjustment. We need a new political party that favors small business, the middle class and antitrust.
A new day dawning come January 21.2009
This country has been on the skids ever since George W. Bush was selected by the U.S. Supreme Court to be President.
For eight years he sided with the Rich and Famous, dodged the military draft and ignored the middle class.
As a result of this action, look where we are today: major banks being bailed out, housing market down the tubes, $10 Billion a month going to Iraq and still NO resolve to this fiasco, consumers unable to get a bank loan, highest home foreclousure in history, largest national debt ($14.50 Trillion) in history and the big three wanting more $$$$Billions??????
The above is just the tip of the iceberg. As President Elect Barack Obama stated many times: times will get worse before they get better.
The entire world has too much GREED FOR FINANCIAL GAIN.
It's high time that every American start pulling together to pull us out of this hole that George W. Bush dug.......
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