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Sometime this year, we taxpayers will again receive another ‘Economic Stimulus’ payment. This is indeed a very exciting program, and I’ll explain it by using a Q & A format:
Q. What is an ‘Economic Stimulus’ payment ?
A. It is money that the federal government will send to taxpayers.
Q.. Where will the government get this money ?
A. From taxpayers.
Q. So the government is giving me back my own money ?
A. Only a smidgen of it.
Q. What is the purpose of this payment ?
A. The plan is for you to use the money to purchase a high-definition TV set, thus stimulating the economy.
Q. But isn’t that stimulating the economy of China ?
A. Shut up. Below is some helpful advice on how to best help the U.S. economy by spending your stimulus check wisely: * If you spend the stimulus money at Wal-Mart, the money will go to China or Sri Lanka. * If you spend it on gasoline, your money will go to the Arabs (and probably Al-Qaeda). * If you purchase a computer, it will go to India, Taiwan or China. * If you purchase fruit and vegetables, it will go to Mexico, Honduras and Guatemala. * If you buy an efficient car, it will go to Japan or Korea. * If you purchase useless stuff, it will go to Taiwan. * If you pay your credit cards off, or buy stock, it will go to management bonuses and they will hide it offshore. Instead, keep the money in America by: 1) Spending it at yard sales, or 2) Going to ball games, or 3) Spending it on prostitutes, or 4) Beer or 5) Tattoos. (These are the only American businesses still operating in the U.S.) Conclusion: Go to a ball game with a tattooed prostitute that you met at a yard sale and drink beer all day ! No need to thank me, I’m just glad I could be of help.
Saw this on my FB feed. I’m LOL’ing.
Obama 2012 by Barry Wright
Since early 2008 I have written extensively why I felt and still feel that Barack Obama is the best person we could possibly have leading the United States as president.
Read the following for more:
In the past year I’ve written three articles on how things are looking in 2012. In the first Decisions and Delusions - The 2012 Election in the U.S. Part 1, I discuss some of the obstacles Mr. Obama has had to overcome in his first term in office. In Decisions and Delusions - The 2012 Election in the U.S. Part 2, I outline what he has accomplished in his first term and why just about everything Republicans are saying and have said over the past 4 years about him are malicious right wing propaganda bordering on sedition. There is no other way to describe it.
Finally in On the November General Election in the United States I summarize how things were appearing about a month before the DNC in Charlotte. Nothing much has changed and if you read this you will see that the outcome is uncertain and there is an enormous amount of corporate wealth backing his opponent.
So to get to the point in this brief essay. I along with other observers like economist Paul Krugman were hoping that the 2012 election would be a debate or referendum on Keyensian Economic Theory and its relevance to the economic situation the United States is in today: very slow economic growth and a high rate of chronic unemployment. That these factors were the direct result of the policies of Mr. Obama’s immediate predecessor is something I think should be mentioned much more often than it is. As the New York Times said today in an editorial, one shouldn’t hope that Republicans will successfully deal with this problem. If anything they will do more of what is linked to its immediate cause.
Coming two months before Election Day, the employment report for August is a problem for President Obama. The economy added 96,000 jobs last month, a slow pace that lowered the monthly average this year to 139,000, versus 153,000 in 2011. Even the decline in the jobless rate, to 8.1 percent from 8.3 percent in July, was a disappointment, because it indicated a shrinking labor force as people gave up looking for work. But properly understood, the report should not encourage voters to support Mitt Romney. That’s because boosting tepid job growth requires stimulative fiscal policy — including spending to rehire teachers and to rebuild schools, roads and other infrastructure, as well as loan modifications for underwater homeowners. Mr. Obama has proposed all of that, while Republicans have blocked such measures and the Republican agenda rejects them.
This really says everything. I had hoped that the Democratic Party would propose a much greater economic stimulus for public sector infrastructure development in its platform with specifics such as a national high speed rail system, airport modernization, bridge and interstate highway repair and improvement and the creation of a massive non-carbon energy system. Because the fact is that if the United States doesn’t undertake projects like these other countries certainly will. Nevertheless as I and anyone who cares about the less than super rich in the United States hopes projects like these will be among the first priorities taken up in President Obama’s second term. And they should be paid for by a group other than the middle class.