Friday, March 13, 2009

Say It Isn't So

It has begun already. Rumbles of a second stimulus package. Say it isn't so. A second go-round when the first hasn't been seen working anywhere.

Another stimulus may put off the pain for a few years but I'm afraid of the inflation or deflation that will follow. If we keep printing $ and feeding the problem, what price the cost? It will far exceed the $ spent initially.

We need a dose of foul medicine and a walk through the valley together. Please research the numbers of the late 1970s. Unemployment, inflation, interest rates. A very scary time. Then read into the 1980s. Discover the solution.

Read about the 1930s. Very, very sad numbers. Read about all the programs created and the $ spent. Discover the solution that worked then. It was not FDR's New Deal.

The truth is the unraveling of FDR's programs and the subsequent bigger government framework led the way to last fall's crisis. The government helping those who will not help themselves for generations created the Uncle Sam of handouts.

Our President has told us this current situation is worse than the Great Depression. Action is imperative. The spending has to be quick and great.

Now, more $ after bad. Is America listening and watching?

'til later

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