-Gentle Ben says the US economy is on the brink of going into recession. Who would a thunk that? pp continues to whine, was dealt a bad hand when he took this job. "Got to sign my Jobs Bill, right away". Oh really! Mr. President your American Jobs Bill $447B don't have majority LDP support in the Senate, which you occupy. Better cut a deal to downsize your Bill and fast.
-Meanwhile young peoples' "NYC Wall Street Protest" moving to other cities, but what happen if those cities don't have a Wall Street? Not sure what they are protesting or what is there utilimate goal is, other than to match Europe's uprisings.
These young folk don't like sweat work, but forever students. They are like the folks in Greece.
-A root cause perhaps: One of the protesters was interviewed, she being a graduate student along with her boyfriend have a combined student loan debt of $130,000. And they don't know where rent money will come from when due. Hummm who you got you in this financial fix? I bet you out spent your BofA debit card and all your credit cards are maxed out. Honey, you and your boyfriend are responsible for your own debt.
-Once in a while Michael Moore and Susan Sarandon visit the ralley to encourge the group, then jump into their limos, and head back to 5th Avenue.
-A LDP test case: The biggest construction project in Cincinnati is the ~$400K casino downtown, scheduled to be open in early 2013. The 2010 US Census shows Cincinnati has one of the highest proverty rates in the nation. Actually it ranks 7 with 30.6% living in proverty. Do you see anything out of sync? Granted most of the ccasino customers will not come from the latter group, rather from those going to near-by Indiana Casions, whose revenues are being tested. Split the pot, and they both go under.
-Its like pp new stimulus bill, its out of sync with reality, in that it will take time, months, after total commitment of funds are made and the projects are up and running, producing the demand for those products, the central government thinks the public wants, but have no money to buy. Lowering taxes, not hiking taxes affords the public the money to which they can purchase. Let the free market place satisfy the supply/demand.
Tuesday, October 4, 2011
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