Crisis and plan to fix it 'unprecedented'

http://money.cnn.com/2009/01/08/news/economy/obama_stim/index.htm?postversion=2009010812

I keep hearing about budget freezes, cutting back on new projects (that have long term benefits), and so on.

Failure is not an option.

During the campaign, Obama said our trust in him would not be misplaced; he would earn it.

http://money.cnn.com/2009/01/07/news/economy/salary_cuts/index.htm?postversion=2009010713

Employees will be making less this year. This will not help the economy (lesser earnings + lesser spending = rudimentary economics).

Or morale, which is what keeps any business... or country strong.


http://money.cnn.com/2009/01/08/news/economy/stimulus_jobs/index.htm?postversion=2009010807

Offshoring yet more jobs will not help the US economy. Or the global economy; if the number of recalls and poor products is anything to go by, the new empires being built are built on wax paper. And that ain't very strong.

http://www.msnbc.msn.com/id/28555437
Obama was recently quoted as saying we're in a situation that "may have no stopping point". I am still finding the link. I need to find it as proof; if the Leader is spouting negative comments, anybody taking courses in education are likely to drop out of abject futility. He said:


Now, following one's dream job, or any decent paying job, is becoming deferred or denied. Half of which is due to offshoring; those goods in return being more often than not grossly inferior. Hell, people are remaining in even their current jobs, dead-end as many of them are, out of bone chilling fear of what may (or may not) happen. This is no way to run a business or a country.

I'd read about a new round of 'rebates'. Another band-aid. Like tax cuts, these will not work on their own. We need well paying jobs, in America, to rebuild the American economy. I know the good this will do, but it's very short term. long term requires decent paying jobs or else it really is all over. :(

Even reversing tax breaks for companies THAT offshore is a start. Proper leveling of the playing field since, like it or not, a "one world government" is one that China, Iran, Russia, and others will not like as much as some would try. (I am not accusing anyone; it's just a tinfoil hat theory that's not going to fly anywhere.)

And, yes, everybody knows irresponsibility of mammoth proportions has taken place. Don't reward the wrongdoers. Please don't.

Pure and simple. If they want obedient slave labor, they have to pay us just enough to stay afloat and buy products produced by our economy. That is the VERY LEAST that has to happen for our economy to "grow."

As I've pointed out in the last few years, though, the people in charge are well aware of that. The fact that they are "killing the cow to get the milk" is a bad sign for what their "solution" to the crisis they created will be.

Did you post that link to where the GM CEO said they are collectively aware of what's going on and that their survival is more important than a country's? (Even the country that made them, and even the country that, should it goes down, creates a ripple effect that takes everyone else down? It's a symbiosis and even they can't get around it.)

I know these people aren't idiots. They understood what a great thing it was to have a middle class that worked their hands to the bone, supported their BS, bought a bunch of useless things and sent their kids to war.

That's got to be the optimal herd from a bottom feeder's perspective. Why did they flush all of that down the drain?

buy a Sony Playstation, and maybe a Panasonic bread machine, how much of that money is going to American workers? Less than 10% I bet. Most of the money that *does* stay in America goes to investors and upper management. From there, is supposedly trickles down - maybe if you are a yacht scrubber or plastic surgeon.

causes money to flow again.

And you're right; we need jobs and infrastructure here too.