Would you want to take YOUR money and invest in YOUR existing business or a new business if your competitor had a government loan guarantee and not have to put the same amount of money as you to get the same amount of investment??? Nobody but an idiot would. Government loan guarantees only supress private investment, not increase it. It lowers the risk for those who get gov. loan guarantees and increase the risk for those who don't.
The problem with "stimulus" funds is that everyone knows they are "temporary". While the deferment of of the SS payroll taxes can put money in the pockets of the rank and file (to spend, hopefully, on goods and services), it does not change the long-term environment that would encourage businesses to start or expand. So, the stimulus fizzles out as soon as the funds stop.
Even the rank and file, may not spend their money since they are concerned with the increasing cost of living. Since food and energy are not included in the COL computations, the economists & legislators are living in la-la land, out of touch with the real world WRT "real" inflation.
So much of the "stimulus" was wasted. Instead of fixing bridges, they re-did handicapped curbs with those bumpy things. Took a couple of months. Jobs temporary.
They "saved" teaching jobs during a time of decreasing student population. Duh?
They really need to assess why companies are sitting on their money, rather than investing it. Then create the environment that would make those companies lay out their 5-year plans.
When families have increased costs for food, electricity, gasoline and home heating, their disposable income decreases.
"Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim
I don't use the PM feature, so just email me direct at the address shown above.
Last edited by Raymond Little; 10-11-2011 at 11:08 PM.
"There is no "Try", only "Do" Yoda
I think the COUNTRY took a big gamble on Obama......and the taxpayer lost on that one as well.
I have to disagree with you. Perhaps you see it from a different point of view, but there are a lot of people with Gov. jobs receiving a pay check. Those are jobs created by the Gov. in my book. There are also companies that hire based on winning Gov. contracts to provide goods and services to the Gov.
As far as the economy exploding if they did away with the regulatory agencies you mentioned, that is possible. However, the problems that would come along with it would also explode.