What Stimulus
Tim Williams
June 05, 2009
In early 2009 the United States government has gone into the financial and banking business and now recently the United States Auto Industry I wonder what's next? The President has thrown the book away when it comes to our form of capitalism. He pretty much came on like Mighty Mouse " Here I come to save the day" attitude. The Economic stimulus that was supposed to cure the banking crisis only compounded the problem. The other stimulus for our beleaguered auto industry has done nothing for the majority of Americans. All totaled is a staggering sum of over 900 Trillion dollars of tax payer funds thrown at the industries who brought about the worst economic catastrophe since the Great Depression of the 1930's. The economic advisors to the President have jeopardized the future security of the United States with this strategy, while millions of Americans are continuing to wallow in a continuing financial and economic nightmare.
The way the government is now involved with the American Economic structure in that it now is the controlling party in all aspects of these businesses the future economic stability and long term growth is in serious jeopardy, because the way a democratic republic such as the way the United States was founded is not contingent upon the governments involvement. Capitalism is supposed to embrace free enterprise not government intrusion. When the United States Government takes over any business the sovereignty and national security of America is diminished. Our way of life as intended by our founding fathers is becoming no more. We are becoming more of a socialistic state. When the United States Government takes controlling interest in any corporation for whatever reason this government ceases to be a Republic Democracy of the people.
In 1933 President Roosevelt realized what would continue to happen had he failed to take action. In creating The FDIC and Social Security as a safeguard against any future economic disaster he did so without interfering in any failed corporation or business. The WPA under FDR provided employment opportunities for millions of Americans who had lost so much because of the current Depression, of then, the 1930's. Today what has happened the President has not created any safety net for the population, hasn't created any growth oriented employment opportunities or any real substantial help for the millions of United States citizens that have been thrown out of their homes and their jobs because of the greed and fraudulent practices of the financial institutions that cause this economic debacle in the first place. The staggering amount of tax payers funds that has poured into these floundering business and financial institutions only to have them ask for more is like throwing good money after bad. This action by the Administration only serves to further annihilate the majority of the population. Where this vast amount of our tax dollars is funneled into the coffers of big bussiness instead of going to where it really is needed { the majority of United States citizens who make only $45,000 or less each year] it is no wonder why each town, county, and state are in such deep economic crisis. There is not sufficient tax revenue coming in to each municipal budget to cover the expenses that are now mandated by law.
There is still time to allevate this financial and economic disaster but it will take decisive action on the part of Congress and the President to work closely and expeditiously to secure the future of the United States. Government action in the creation much like FDR did with the WPA. Today what is needed is a government backed job creation embracing the technologies that are already available so that every American will have the opportunity for employment offerings with real living wages. Only in this way will the economy of the United States begin to recover and bring about long term growth, prosperity, and national security for future generations to come.
The way the government is now involved with the American Economic structure in that it now is the controlling party in all aspects of these businesses the future economic stability and long term growth is in serious jeopardy, because the way a democratic republic such as the way the United States was founded is not contingent upon the governments involvement. Capitalism is supposed to embrace free enterprise not government intrusion. When the United States Government takes over any business the sovereignty and national security of America is diminished. Our way of life as intended by our founding fathers is becoming no more. We are becoming more of a socialistic state. When the United States Government takes controlling interest in any corporation for whatever reason this government ceases to be a Republic Democracy of the people.
In 1933 President Roosevelt realized what would continue to happen had he failed to take action. In creating The FDIC and Social Security as a safeguard against any future economic disaster he did so without interfering in any failed corporation or business. The WPA under FDR provided employment opportunities for millions of Americans who had lost so much because of the current Depression, of then, the 1930's. Today what has happened the President has not created any safety net for the population, hasn't created any growth oriented employment opportunities or any real substantial help for the millions of United States citizens that have been thrown out of their homes and their jobs because of the greed and fraudulent practices of the financial institutions that cause this economic debacle in the first place. The staggering amount of tax payers funds that has poured into these floundering business and financial institutions only to have them ask for more is like throwing good money after bad. This action by the Administration only serves to further annihilate the majority of the population. Where this vast amount of our tax dollars is funneled into the coffers of big bussiness instead of going to where it really is needed { the majority of United States citizens who make only $45,000 or less each year] it is no wonder why each town, county, and state are in such deep economic crisis. There is not sufficient tax revenue coming in to each municipal budget to cover the expenses that are now mandated by law.
There is still time to allevate this financial and economic disaster but it will take decisive action on the part of Congress and the President to work closely and expeditiously to secure the future of the United States. Government action in the creation much like FDR did with the WPA. Today what is needed is a government backed job creation embracing the technologies that are already available so that every American will have the opportunity for employment offerings with real living wages. Only in this way will the economy of the United States begin to recover and bring about long term growth, prosperity, and national security for future generations to come.
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