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The time is now 8:14 am
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May 2, 2024, 7:03 am
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Psychological stimulus.
Published:
Updated:
I can't believe what I just heard a talking head say. She said that the $13.00 or so dollars extra we will be getting in our pay chex (for those of us that make less than $95K/year) starting April 1st (April Fools Day!) is not necessarily for any other purpose, than to give us a "PSYCHOLOGICAL" stimulus, you know to make us believe things are getting better. What a bunch of hooey!!!!!!!!!!!!!!!!!!!!!!!!
If that is the case then, why in the France does this administration keep telling us we are in the crisis of "all time" repeatedly. That kind of talk is totally a downer and or, lie, to manipulate us into "COMMUNISM" I mean really why fool around with socialism, pass go, straight to dissolving the Constitution.
Now, we have the POTUS telling us that he wants to reduce the deficit by half by the end of his first term!
In May 2008 when the current POTUS was the defacto Dem. nominee, the DOW was over 13,000, now it is well under 8,000. I don't care if you blame Washington, Lincoln, or Bush for the current situation, but I tell you what, this POTUS and his administration are inspiring no confidence, even Bill Clinton said so.
I told you so. Seat of the pants, no experience, Clintonites, broken promises, secrecy, tax cheats, are you happy now?
Imagine for just a moment, Mitt Romney as POTUS, a proven business and political leader that knows how to make hard choices, I guarantee things would be quite different. I bet even world economics would have been better, woulda coulda shoulda.....................
From Wikipedia, it looks correct.
Romney was sworn in as the 70th governor of Massachusetts on January 2, 2003. Upon entering office, Romney faced a projected $3 billion deficit, but a previously enacted $1.3 billion capital gains tax increase and $500 million in unanticipated federal grants decreased the deficit to $1.2 billion.[46] Through a combination of spending cuts, increased fees, and removal of corporate tax loopholes, by 2006 the state had a $700 million surplus and was able to cut taxes.[47][48]
Romney supported raising various fees by more than $300 million, including raising fees for driver's licenses, marriage licenses, and gun licenses.[48] Romney increased the state gasoline tax by 2 cents per gallon, generating about $60 million per year in additional tax revenue.[49] Romney also closed tax loopholes that brought in another $181 million from businesses over the next two years.[49] The state legislature, with Romney's support, also cut spending by $1.6 billion, including $700 million in reductions in state aid to cities and towns.[50] The cuts also included a $140 million reduction in state funding for higher education, which led state-run colleges and universities to increase tuition by 63%.[49] Romney sought additional cuts in his last year as Massachusetts governor by vetoing nearly 250 items in the state budget. All of those vetoes were overturned by the legislature.[51]
The combined state and local tax burden in Massachusetts increased during Romney's governorship.[49] According to the Tax Foundation, that per capita burden was 9.8% in 2002 (below the national average of 10.3%), and 10.5% in 2006 (below the national average of 10.8%).[52]
Comments
Obama-Bush-Clinton-Bush Sr....they are all in the same game. They (along with their world counterparts) are dividing and conquering and creating frustration/unrest to foster violence/war so they can respond with military control. This is the inevitable outcome of this engineered economic collapse.
The divided American public has to stop considering each other an enemy. We have a common enemy. We will have to unite to defeat this enemy if we hope to survive. The states declaring their sovereignty from the fedgov is a promising step in this direction. It might be our only hope.
With the amount of new money created, they could have just written each citizen a check large enough that most people could have paid off all their debt. Would that have devalued the currency? Yes, but the way they have gone about it now, the currency will *still* be devalued anyway AND the citizens will *still* have their debts. Worst of both worlds.
This is like the amount of money the former gov of Louisiana wanted to "rebuild" New Orleans. It was enough to put each NOLA family of 4 into a half-million dollar house. Yet, many of those people are still living in those formaldehyde-fume trailers.
TT and Konane you are both spot on the govt and its bureaucracy are nothing more than a damn money pit and pension plan for its leaders and employees.
VIVA la revolucion! I like the TEA PARTY type.
By the way, does anyone realize that Obama has only been in office for a month yet you are blaming him for our economic woes? I guess you've all been in a coma for the past 8 years.
Oh yea, I forgot the last Democrat was getting a lot of work done under the table and also said the same Identical thing about inhereting a deficit when he came under the table, ( I mean into orafice, I mean Office) ... I could go on and on, but whats the use Government is nothing but a sham....!
Break away and revolutionize, thats the new direction.....!
I personally have nary a thing against Obama or McCain, but for God's sake, when are we going to understand that the media and politics are completely self serving and self perpetuating? We need to understand that this is above all else, is about what is best for the citizens of this country, life, liberty, and justice for all.
We need to choose beyond the party lines and decide who are the posers (players) and who are the adults that care about life, liberty, justice, and the pursuit of happiness. I just think we got shafted big time, and we need to get down to business.
Govt. is not good at business, period, they go on whether or not they make a profit, get it? Next time you vote, think long and hard, does that person I am voting for capapble of making intelligent wise decisions for the countrys' betterment or are they just plain BS,ING to get elected?
Nothing is changing, nothing at all.
Bush was burnt out at the end, he was misled just like Obama and McCain. Not everyone can know everything all the time. That is why the constitution and sticking to principles is what a POTUS should fall back on, always. The previous administration in 2003 tried to reign in the precarious lending that was going on via FNMA, Freddie, and the deregulated mortgage industry but were beat back by the Franks, Schumers, and Dodds etc. by claiming it was mean and cruel to tighthen lending practices. And it went by the wayside so much for that right?
We have taxation without representation so time to have a Tea Party and rein in the the raving lunatics serving in Congress.
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