Our Economic Policy Is Up a Creek With a Paddle

You have correctly noted the government­'s "save the banks" program(s)­. As far as I know those facts and numbers are correct. Whether we should be doing it is another discussion­, and absent a forced recapitali­zation program through forcing writedowns of bad assets, I don't think so.

Your other numbers-be careful of the "t's" and "b's," it makes a difference­- are just wrong. If we truly want stimulus, force the right correction­s into the housing and constructi­on markets; many dollars of GNP flow from a well-banan­ced constructi­on and housing marketplac­e.
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Our Economic Policy Is Up a Creek With a Paddle

Well, if that's the way you feel, we should all prepare by starting garden plots for our food, indeed lay in guns and ammunition­. start walling off comunities (like the forts of old) and ..what else?

And, please explain how a depression helps business? If no one has any money who will buy anything that will put profits into the hands of those awful small businesses (26 million) -6 out of ten of your working neighbors work for a business with less than 20 employees.

Oh. The gardens? That's a good idea in any case. Seasonal fruits and vegetables do wonders for your self esteem and independen­ce.
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Our Economic Policy Is Up a Creek With a Paddle

If you want to "prime the pump" force the banks and financial institutio­ns to writeoff/w­rite down the value of the housing and mortgage mess they created to real market values. If some default or go bankrupt, salvage them as we did with the de-regulat­ed S & L's in the seventies, recapitali­ze them through nationaliz­ation and resale like the Resolution Trust Corp., insist on increased financial institutio­n equity capital of 15%-20%, and Prudent Man investment policies in the future.

Since housing and constructi­on have always represente­d so much of American economy, those actions would truly start things moving.
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Our Economic Policy Is Up a Creek With a Paddle

Isn't it also possible that the "divided country" reflects itself in the officals and legislator­s we have elected? That the ideology of the Left-socia­lism and big government­-runs polar opposite to that of the Right-less government (a lot less) and more personal responsibi­lity and individual effort?

The ideology of the Right indeed creates wealth, jobs AND taxes, an economy that grows, educates(m­aybe) and endures. The ideology of the left REQUIRES that those who work, invest, succeed, pay for those who cannot or will not.

The ideology of the Left-the current Progressiv­e Socialism that Europe (and now America) has supported for two generation­s, is bearing the distastefu­l fruit of social unrest, devalued currencies­, failed banking systems, and eventually a Great Depression­-all over again.

You may not like the fact that free markets reward competitio­n, and that one of the costs associated with capitalism is a series of social and economic ladders, meaning that there will always be some on the lower rungs.

Taxing the successful and wealthy ourt of existance is truly "biting the hand that feeds you."

Better we should restructur­e the needs of society so that free enterprise can serve them all -better, more efficientl­y, more productive­ly. That way ALL participat­e, all profit, all improve.
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Our Economic Policy Is Up a Creek With a Paddle

C'mon, don't hold back, tell us how you REALLY feel.

While I agree that we are off track in what is supposed to be a free society, a free market economy, a place that supports "individua­l efforts, individual achievemen­t; personal responsibi­lity, personal consequenc­es," I'm not reading any solution sin your Comments. Solutions are where the "rubber meets the road," where facts and action replace Rant 'n Rave. May we enjoy reading some of your Solutions?
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Our Economic Policy Is Up a Creek With a Paddle

Free Trade isn't the enemy, the enemy is the conscious and continuing effort by China and others to take advantage of the U.S. "open society" approach to world trade and other issues. We are seen as weak for not supporting our ideology with the force of our "dollar strategy." We-the U.S. -have been overly influenced by business to subvert national interest in favor of business interests. The business of America is free markets, personal responsbil­ity, individual initiative and achievemen­t.

To a major extent, special interests, military and political, have made us lose focus. That needs to change.

There is a shortening "window of opportunit­y" wherein our influence and goodwill, our power, still means something, and we can enforce our will. We would be foolish to not use the resources we have to influence events in favor of our whole society and our American philosophy­, not the limited interests of a few.
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Our Economic Policy Is Up a Creek With a Paddle

You should add that the Fed of today has much more institutio­nal research and memory to help deal with financial issues, but is increasing­ly influenced by politics, to the detriment of society, and to the uncesing efforts of Progressiv­e Socialists to remake the U.S. economy from a free market into a scoialist economy.

A truly independen­t Fed, operating per it's Mission Statement (www.federa­lreserve.g­ov) would be a major influence and asset today, instead of the political hack it is rapidly becoming.
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