Barack Obama Is Moving to Head Off a Depression

OPTIMISIM IS NOT THE ANSWER

Just a little reality check... It seems to me that we got into this mess because the government (both parties), Wall Street, banks and the public all thought we could go on living and expanding our economy on the optimism and confidence in a never ending increase in real estate prices and endless consumer spending based on the fairy dust of the real estate bubble. Even a crack head is smart enough to know that he's got to pay his dealer sooner or later - Guess we didn't have any crack heads in positions of power to warn us.

The US got out of the Great Depression not because of an “optimistic” FDR but rather, in spite of him. The magic of our new messiah is, likewise, bound to fail.

America became The Arsenal of Democracy in the late 1930's. Manufacturing power is what pulled the nation out of its economic pit and, I might add, won the war against Fascism in the bargain. That industrial strength and an united, self sacrificing, national will is what led to victory over the forces of darkness that were then goose-stepping over the globe and trampling humanity in the process.

We no longer have the industrial might or the national unity, that was so apparent in the grim years of W.W.II. Industries have been gutted by draconian environmental regulation, greedy corporate executives, out sourcing of jobs and factories - and our economy stifled by progressive elitists in education who, for decades, have scoffed at blue collar jobs as being beneath contempt to the nation's school children.

Further, "national unity" has given way to the worship of individual cultural heritage and hyphenated Americas. Dozens of opportunistic organizations - cultural parasites - that seek to create classes of "victimhood" for nearly every group except white Christian males or women who are pro-life. Our nation is further corrupted by left wing educators who smear our heroes of the past and seek to find dark causes in our nation’s motives. They do this through the rosy lens of revisionist hindsight - Never bothering to understand, or better, to immerse themselves in the actual circumstances, imperatives and alternatives extant in that past. The honor of, and pride in, our nation suffers because of their intellectual sloth and ideologic agenda.

I know these truths are a bitter thing and so will be rejected by those progressive relativists on the left and Republican barons of greed on the right. And so, we will ultimately fail as a nation divided - As Lincoln and the Bible simply put it, "A house divided against itself can not stand."

Saving Our Way To Recovery!!!

I read somewhere that a new rule REQUIRES the government to seek foreign loans for our debt before using domestic money. I don't know if this is true but we must start a massive selling of savings bonds, treasury notes, T-Bills, municipal bonds, etc... to service our debts AND rebuild our infrastructure. The current mentality of spending our way to recovery will not work thus we must be able to borrow from our domestic reserves FIRST with foreign loans as the last resort. We can save our way to recovery by adopting a cash based economy shunning credit till better days arrive. Times may look bleak but Americans can do anything we wish and patience is our strong point since we have been patient many times before during war, depression, drought, natural disaster, political upheaval, terror attacks, wildfires, disease, landslides, earthquakes, and family emergencies. Overcoming disasters have made us the envy of the world due to our unity depite our diversity enabling us to be a force to conquer all. How about we do it once more???

Bailout

The government should give every taxpayer $25,000 and bailout the housing industry this would help main street and every taxpayer and get the economy moving instead of all the greedy businesses who have their tin cups out. Then everyone would be free to use the money to help their individual circumstances. It's time the people came first. The banks are just hoarding the money and the car industry won't last unless they make major changes.

Credit economy seeped in Communitarism ideology

Everybody is overindebted. DUH! Spending/wealth redistribution(govt.creating more debt) wont work. Infastructure investment wont create wealth either.

3 ways to correct.

1-Pay the debt

2-Default

3-Forgive the debt

13 trillion dollars of worthless IOU's are....well....worthless. Maybe the Chineese would be intrested in swapping debt for... say California?

The treasury would be more apt in investing "OUR" 700 billion into ....soup kitchens.

The only other alternative is to take the private banks out of the loop. Congress becomes the lender to all. Thats right, Congress take over all insolvent banks.

Look if treasury bails-out the insolvents, and the insolvents refuse to lend, congress needs to put a gun barrel -into the mouths- of the insolvent ceo's and pull the trigger. LITERALLY.

ECONOMY

I think it is time for the United States to become the largest tax free country in the world.BRING ON THE FAIR TAX.More money in our hands will get us out of this goverment caused mess.Get goverment out of the way.CAPITALISM WILL THRIVE.

What the about architects of the crisis?

Economic science is man made. Economics is all about math. In this computer age, no crisis like that should happen. Our economic model must be "crash proof".So, if our economy crashed like it did, it's because there are flaws in it. It's not normal to have a recession every 8-10 years. It's not practical to have a banking system that create more debts than the available money! The fractional banking system is the problem. With it, the debt always grow faster than the money supply. It also force the economy to be always in an infinite need to expand(because debts are). Bankruptcy are by design because there is not enough money to pay all the debts. That's a technic to concentrate wealth. The $700B bailout will only add more debts to this crisis and wealth concentration. It's clear that the US gov is planned to fail in the next months/years. The amero or a world money(sdr?) will rise. We need a recession/depression free system!!

I think the non-traditional infrastucture idea is fantastic. The rails idea is great and also think there should be a fast rail link between airports and a rail hub as well as between major airports and subsidiary ones.

Also we need to redo most of our water pipes, improve our water supply, repair a majority of our bridges, expand our transmission lines and make them intelligent. Also we could make the roads bicycle and pedestrian friendly

On education, more money isn't needed. The best schools are most often parochial. We should adopt their standard nationally.

As for colleges, I think our colleges are over priced and the staff over paid and amenities over bloated.

On

Auto Loans and Investing in America

We must be willing to fight for the American Autoworkers jobs snd the companies that built the middle class in America. The middle class is important to our nation. And no one should allow it to be destroyed. If banks can be saved the saving of the American Automobile industry is just as if not more important. Bankers should be forced to lean money to us all with a FICA score of 500 or above......

The focus on infrastructure

Has a serious problem, 3 out of the 4 four spent will not be seen in the market for 6 - 12 months and that will do nothing to help this economy.

There are no bailouts or government programs that are going to be able to remove the emotion out of the economy. The government started this problem with the initial bailout of people who could afford the home they bought, and once they announced a bailout for "people in trouble" the number grew to a level that could not be controlled. If the government would have let the market take it’s own course the number of foreclosures would have been less. I have had a number of people tell me they are letting their house go because why should they struggle when the government is going to bail them out.