JosephThePoet's Blog

"Is this a description of the "CHANGE" we have been hearing about?"

I take it you are against "changing" the way the politicians are spending borrowed $Billions because you like them giving so much money to the banks and financial institutions to prop them up so those people can continue to receive their big salaries and big bonuses while the taxpayer simply takes on all the debt risk and the communities that are the heart of the country go bankrupt?

Are you really so delusional that you think the country is in a good economic condition, and that the practices that brought it to this point should be continued?

"An economy is always in perfect shape and operates according to natural law. An economy is affected by natural law the same way a computer is affected by laws of electronics."

Well it looks like your theory of a perfect economic system ruled by natural law fails to take into account human beings' greed and selfishness. It seems you have left out the laws of programming requirements for your computer to function properly. And, only someone who is delusional thinks the economy is in perfect shape or that economies always are in perfect shape.

"Over-regulation and "change" caused the banking crisis not (not I say) lack of regulation."

Are you living in the same world as the rest of us, or maybe in a room with very soft walls? Your perfect system was left to make its own rules, and without any imposed rules to mitigate human greed this is the result.

And, private banks and financial institutions are failing, not just government run banks as you claim. You are basically anti-government aren't you? Bet you like using the roads, hospitals, fire services, etc., that governments supply though.

Finally, a situation exists and political whining about who is to blame is foolish because the concern now is how to reinvigorate the economy.

OK Jose You are beginning to understand an economy. It is a perfect reflection of everything that goes into it. Every bank deal,every trade, every cash or credit deal,anything of value that moves from one person to another is reflected as the economy. The economy itself is perfect because all transactions are contained within it. For every loss there is a gain for someone else. For every failure a new start.
An economy is not static and depends on fair value trade activity for growth. Very large transfers of goods, service,or money without fair value exchange slow an economy to a standstill and then to shrinkage. It is the nature of the beast and it works the same,all the time, regardless---period.....The economy of itself is perfection because it functions naturally. The economy makes corrections for greed fear exuberance caution and all the emotions of man. The only thing a free market economy cannot correct for is government interference stuck on stupid.

Jose Free market economy works every time it is tried. Socialistic, government managed economies, fail on a regular basis depending on the degree of regulation imposed on the market.
The only stimulus package that has ever worked is the stimulus of a tax cut. If the Obama administration follows the usual liberal big spending bailout, government control type policy democrats normally follow, the economy will have little chance to recover. The best stimulus package possible is a 20% across the board tax cut. My only advise for the general public is to buy low sell high and hide any profit from the IRS until the next conservative congress.

Cutting taxes now would be just more irresponsible stupidity after the politicians borrowed a $Trillion plus, and decided to guarantee even more, to just wastefully throw around in their foolish pretense of protecting and stimulating the economy.

Anyone with any real knowledge of the economy knows that small businesses employ the largest number of people, and that most new ideas and all big businesses begin their life in small businesses. Communities that have employed people in them are the only communities that can create new business creation opportunities to prosper and contribute to the economy.

And all communities support the communities around them. So if one community fails it affects the other communities that deal directly with it and it also affects those that deal with the communities that have linkages to the failing ones. Basically what we have here in an exponential growth or failure because of the relational union of the many communities that create countries. The more of them that fail the sooner the country will fail, and the more of them that prosper the more the country will prosper.

kdumb

Oh wow, what a surprise. It's a good thing you told us that people start businesses because of their ambitions and for their own personal profit, because we never would have guessed that on our own. DUH!!!

I apologize Jose. I just noticed U are from Canada a welfare state. You can't be expected to know about freedom and free market economy. As a socialist you sound exactly like an American Democrat. Down here Democrats say it is personal character assassination to callem socialists. The thing your economy in Canada has in common with ours is my favorite maxim:"garbage in = garbage out."
I apologize again--So you realise that when I speak of a perfect economy I speak of an economy different from the managed Socialist Model that evolved out of the divine right kingdoms.
( The model perfect economy): is individual persons companies corporations competing in peaceful trade without government intervention. The only limitation to perpetual prosperity within this model is government regulation of it.
Government is an expense to an economy. The only way government can help is to be less of an expense. Take less out of the economy by taking less tax.

Jose-- This is one of those New Age poems ain't it. One of those poems where the words mean what you want them to mean and not necessarily the English dictionary meaning. I reread your blog. And it is just retread socialist propaganda for redistribution of wealth. High tax investment in the downtrodden masses otherwise referenced in similar themes as the proletariat,or communal collective.
You have called me dumb stupid liar but you and I both know that name calling is the first act of surrender to a superior argument.