10 Questions Everybody Should Be Asking
10 August 2010
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Here are a list of questions that I believe every American should be asking as we move into the fall of 2010 and as we eclipse three years of the economic downturn that began in 2007.
- The stimulus bill of early 2009 is reported to have “saved or created” something like 4 million jobs. Even if this is true, that comes out to close to $200,000 per job. How is that acceptable?
- How much money has the Federal Reserve really printed in the last couple years?
- What is the real unemployment rate when factoring in people who are so demoralized that they have given up searching for a job?
- If unemployment benefits now last close to two years, what is the maximum that we’re going to allow? 3 years? 5 years? 10 years? More?
- Firms like Goldman Sachs that make most of their money trading (gambling), why do we connect their failure to the failure of the entire economy?
- How many people in the government are former Goldman Sachs employees?
- How much money are we willing to print to escape deflation? 5 trillion? 10 trillion? 100 trillion? Is there a max?
- What is the economic priority, maximum productivity and wealth creation or maximum employment?
- How much money has the Federal Reserve printed and sent overseas in the name of “global stability”?
- What percentage of the economy / GDP is dependent on defense and welfare spending?
I'm a little disappointed to see I'm first…this post should be swimming in comments. But I guess Dancing With The Stars must be on, or something equally relevant to the future of the Republic.
This administration's wordplay went to new levels when the president started talking about "saving" jobs, e.g. "thanks to our policies, there were 400,000 jobs saved last month." Well, I worked yesterday, and I worked again today. Does that count as a "job saved"? With that threshold, Washington can take credit for everything.
No. 4 is a question that no one wants to ask, or find an answer to. The usual response is "You're just going to let people starve?" or something equally idiotic. Stuff needs to be quantified and qualified, as unpleasant a prospect as that might sound.
(I wrote a little something on Goldman Sachs a while ago. It's still valid. http://bit.ly/cJpp4i)
It's astonishing what motivates people to action. Americans want their governments to give them everything from gay marriage (a ceremony that ultimately means nothing) to a larger font for the warnings in their credit card statements, but those same people won't demand action from their elected representatives on something as critical as the nation's financial future.
And today, the feds authorized another $26 billion "emergency" funds for the states. Your taxpayer dollars, just under a different name, being spent by someone other than you. We're getting to the point where an errant raindrop will count as an emergency. Maybe armed insurrection isn't such a bad idea.
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Well I hope this stimulus issue will find its way to help people in the US.
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