Bailouts, Stimulus Money and the Like (continued):

Look don’t get me wrong on this one. I was also laid off but fortunately found a temp job and working on it for the last 14 months with no sign of permanency in that. But I feel that JOB creation policies should be done wisely and accurately. Just throwing money after money on a problem without any long term solution to it is not going to work.

For example whoever came up with the USD 250.00 check idea to send to seniors must not have been thinking very clearly. The most of people hurting right now are the young generation. If they have jobs they will be able to pay social security taxes to support the senior citizens. And second how come we are creating money out of thin air for all this stimulus. Remember the credit markets and our creditors are watching our very fiscal move. We should not be overdoing or spending something which will haunt us later.

I read another opinion in the NYT the other day that we should be having another stimulus to resurrect this economy out of recession. Now here is a great idea if I may say so. Since we have so many Czars to look after the affairs of the nation (as if the Secretaries and Under Secretaries of different departments weren’t enough), we should have another Czar called the STIMULUS CZAR just to make sure that the stimulus are handled correctly. Come on now I am now beginning to think that in order to solve a problem with this economy we should have keep on adding Czars left and right.

Whatever happened to all the advisers and think tanks working in Washington? Why can’t they figure out something or agree on something to get the economy moving on again.

Just blaming the previous administration for all the ills is so Third World Politics. Granted the things were not that great to begin with but find the problem as a challenge and attack it with all you have got (including the deft use of the money). Instead of thinking about in terms of what you can accomplish to get yourself reelected every two or four years. Just try to help people and if you are going to do a good job then the election will take care of itself.

I will be writing a great deal about the economy in my later posts so stay tuned!