Monday, August 30, 2010

The Economy!

The economic recovery from the near depression, which started in December of 2007, has slowed. Companies are reported to be, “flush,” with plenty of cash, yet they’re not spending the money on developing their companies (capital expenditures) or hiring new employees.

Why not?

The talking heads of business journalism say it is because the companies are uncertain about the future.


There is not now, nor has there ever been, a crystal ball; certainty about the future. The real reason is that the companies want a republican majority in one, or both, chambers of the federal legislature. Republicans have encouraged the regulators to stand by and trust businesses to do the, “right thing.”

This approach has given us: the failure of the entire Savings and Loan industry (mortgage providers) in the late 1980s; Enron; World Com; the failure of two, of three, US auto manufacturers; BP; a trip to the edge of depression in 2007 (driven by bad home mortgages failing: known as sub-prime mortgages from their initiation); $10.2 trillion in federal deficit by January 20, 2009 (the day before President Obama was sworn in); etc…

Is this what you, the voter, want returned to political power?

Why would you want that?

1 comment:

Texan in Wisconsin said...


You're kidding, right? I get it.

Whew, for a minute there I thought maybe you really believed all that garbage.