national debt

Feb 11, 2009

The Blame Game: GOP Is Guilty

It does not matter how the Stimulus Plan turns out for some because if it fails or aggravates the economy they already claim, "If the stimulus plan doesn't work, it won't be because it wasn't bipartisan -- it will be because it's not big and bold enough."

Experience has shown the public does not work that way. Those with a vested interest in their party act as if by mere election and the passing of bills that change has been made. If change is not seen immediately, the public starts digging in and disapproves of all the usual suspects, starting with the President and Congress.

This is one of the problems with a two party system. A progressive government has referendums for a vote. Without that input the public is alienated by not being included. Public confidence needs to be high to recover. People have more confidence if they have already invested their vote on an issue personally.

The housing market did not crash in 2008. It crashed in the third quarter of 2007. The stock market did not crash in 2007. It took its first tailspin the day President Bush made reference to the housing market and started talking about a recession. The public is always at the ready to believe bad news.

Following that was a downturn in consumer goods. Following that was a downturn in employment. This is a spiral caused by a crisis of confidence most of all.

Normally, when a market makes a downturn on its own, normally precious metals like gold and commodities like oil take a giant hike. This is more like the Depression where commodities took a dive.

1 comment:

Rush Poppers said...


you have a very nice blog here. I like the way you write, even I don't understand much about the subject. But It doesn't matter, maybe I will learn something new ;-)

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