[Homestead] a financial article

DSanner106 at aol.com DSanner106 at aol.com
Sun Feb 1 16:19:37 EST 2009


Even the Wall Street Journal called this the "Democratic party's 40 year  
wish list" rather
than a stimulus plan. If by some chance it produces every one of the jobs  
Obama promised,
they will each have cost us 275,000.00. 
 
Drew
 
 
In a message dated 2/1/2009 3:00:38 P.M. Eastern Standard Time,  
erthnsky at bellsouth.net writes:



Marie McHarry wrote:
> Obama has been railing against the  bonuses, calling them shameful. I 
> hope that means the most recent  chunk of money for banks and their
> ilk will be better managed than the  first chunk.


It is kind of easy right now, though.  He can  denounce bonuses, but at
the same time propose a 819 billion dollar bailout  which we all know is
mostly going for executive bonuses and other  non-essential crap that
should have been cut by the requesting corporations  years ago.   I hope
you are right that the new money will be  better managed, but I am just
not as optimistic, as you can see.
I said  months ago that we are in a long, slow, torturous decline and
that we  aren't 'learning anything' from the pain.  I think it would be
better  to just allow these industries to fall flat and then rebuild from
the  ground up-start over from scratch.  I think, in the long run,  that
will be the quickest, least traumatic recovery...like ripping off  the
bandaid instead of slowly pulling it off..much faster and initially  more
painful, but then, all is well.

-- 
"Nothing in this world  can take the place of persistence. Talent will
not; nothing is more common  than unsuccessful people with talent. Genius
will not; unrewarded genius is  almost a proverb. Education will not; the
world is full of educated  derelicts. Persistence and determination alone
are omnipotent. The slogan  'press on' has solved and always will solve
the problems of the human  race"

~ Calvin  Coolidge
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