Korean Job Discussion Forums

[ontheway]

The Obama Ponzi economics plan will destroy far more jobs than it will create. The Bush/Obama admins have followed the Hoover/Roosevelt admins with uncanny precision.

We know that FDR caused the Great Depression to last an additional 7 years, from 1936 to 1943, when it finally ended. This is now undisputed by real economists. FDR made the Great Depression "Great."

We also know that Hoover/the Smoot-Hawley tariff/FDR by massively intervening in the economy and slashing international trade turned what would have been just a short recession into a depression.


Now, Bush/Obama have done it again. Massive wartime spending by Bush, massive deficits, massive bailouts and spending, and now Obama's massive deficit pork spending. All of these bills based on debt have and will reduce employment today and in the future.

The only way we can get any real recovery is when the private sector has enough money through direct savings by small entrepreneurs, and investment through stock or bond aquisition by other investors to create real jobs and overcome what the government has done.

The impediments are greater now, unfortunately, because the Ponzi economists keep insisting that the government must "do something." However, everything they have proposed, and everything the have managed to pass into law will make things worse. There are things they could "do" to make things better. But, they are Ponzi economists: foolish sophists, fascist-socialists, and pelf sucking pond scum, and their associated sycophants and lickspittles dripping in the lucre they have looted from their victims - the hard working peoples of America and the world and their progeny.

Some are just too stupid to know they are destroying the economy and robbing the people, some know what they are doing, and see it as the road to power and wealth.

The rest of us are all victims.

[ontheway]

Of course, the government could "do something" to make things better:


Since, the Obama Plan is doomed to fail ...

What the government SHOULD do:

1) Go back on a 100% gold standard, immediately.
2) Abolish all taxes on income and property at all levels of government.
3) Institute a 10% national sales tax to be shared by all levels of government: Federal, State and Local. Make 10% the maximum allowed under the Constitution.
4) Prohibit deficit spending and prohibit all borrowing by government at all levels: Federal, State and Local.
5) Bring US troops home from around the world and shrink the military.
6) End all subsidies for business.
7) End all subsidies for transportation and energy use.
8.) Abolish social security, with apologies, for everyone under age 55.
9) Raise the retirement age to 72 for those between 55 and 64.
10) Use government assets to fund S.S. payments to those who are currently collecting. Privatize the fund. Then end Government payments into the fund.
11) Set a pay cap for government employees at the median level for full time workers in the US.
12) Set the same cap for members of Congress and the President and all their staff members.
13) Slash retirement benefits for Congress and former Presidents and other public officials.
14) Abolish all victimless crime laws and pardon those previously convicted.
15) Require that all spending and tax legislation get a 2/3 majority to pass Congress.

[jaykimf]

[ontheway]

[Bucheonguy]

the stimulus package is just throwing gas on the fire. I can't possibly work. All it's doing is delaying depression effects long enough for the bankers and super elite to get their cash out.

The solution is go out and round up all the bankers and politicians who screwed us over and robbed us, and who are continueing to rob us, and hang them up in the village square. Globally this has to happen. Everything else will be futile.

[Rusty Shackleford]

[Rusty Shackleford]

Here is Mankiw's blog quote. Quite interesting reading. I wish the administration of the worlds economy was based on sound economic principles and not political grandstanding.