Tuesday, September 14, 2010

Obama unveils huge jobs and infrastructure plan (A Commentary by Flying Dutch)

http://christianinfobomb.com/phpBB3/viewtopic.php?f=7&t=21213

This is good only way too small scaled. The headline says"huge" but it's not huge for a nation like the US. It would be like the Netherlands is really doing some huge projects ( 1/ 20th the economy and population), for the US this should $1...trillion ( $1000 billion) or so to really invest seriously in all this and other real economic projects. right now it has the appearance that he is doing it for PR, so he cannot be accused of completely letting the real economy die and $50 or $10 billion ( i read both figures) is just nothing but a good begining. If he would dedicate 10 tiems as much for this i would applaud him for it cetrtainly as one of the presidents with the most common sense since JFK. This amount is too small to have an impact on the US economy. all that dedicated money for banks, the part nto spend, should be pulled back and invested in projects like he announced immediately! Lots of production processes , infrastructure in the US is decades behind that of Europe or Japan, in soem cases 100 years old, like the powergrid for example ro water management in general. You got to change this if you want to stay a healthy and wealthy country and you don't arrive there by throwing in trillions into banks, you need hundreds of billions if not a trillion or a few trillion to invest in huge projects, that are longterm jobns, that will uplift and better competitiviness , speed up production and bring the US into the top again and there's nor eason why this cannot be done, it still can be done, so let's DO IT! It's not just good for the US, but for many pother countries as well if the Us would go back on track to sound economics. Look at the railroads and highways in France or Germany , if the US would be elevated to that level that would already make a huge difference economically.Many of the new inventions are quicker inmplemented than in the US, while some come out of the US, but the Netherlands etc, implement them right away and in the US they come by delay or they don't even come there. Imagine iinventions in your country are not used while some others are doing that, you really don't want that!!I would say:"don't let China run away ahead of you while you still can change it now".If you don't do it you become second World later as consumerism won't help you out.

Busting unions, lowering wages, privatizing everything won't help, it will only create more of the same problems, all those is exactely why it went like this!!It only might appear attractive, especially to a cash strapped government or employers/ corporates that don't want to invest anything anymore and just see profits rise.You can't kep cutting welfare and other things either, you need these things, aside that it won't work as you will go down further and tax revenues will keep on shrinking and that will boost deficits instead of decreasing them in the longer run.Economics is not that complicated, but it's so mystified by jargon and all kinds oftalk so that you forget what it's alla bout and economists that serve Wallstreet, banks and/ or government might not tell you the truth, cause their employer wants to mystify things on purpose so that you don't understand what the real solutions are and that more money for Wallstreet is not bringing a real recovery, except in terms of GDP, which is basically meaningless if the real economy keep shrinking percentually and you only get more dependend on imports etc.

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