Is it wasteful? My opinion is that if it kept the United States economy from collapsing, it was not.
The U.S. economy would bring down other economies of foreign nations with it. (like the Great Depression). Perhaps Americans wouldn't have starved this time around, but I really don't want to see if it would have come to that.
Obama is leading the country without regard to popularity and public opinion. By the way, that is, historically the common denominator of all great leaders. He's doing his best for our country and it seems to be working. The economy is rebounding. There's vigor in new industries and revitalization starting in others.
If indeed we are coming out of recession the debt is a massive problem that will need to be addressed immediately if not within the next 10 -15 years if not sooner the U.S. will be facing a situation like Greece. However Obama by his own actions and words wants to increase spending, taxation and the size of government. His highest economic advisers have said the U.S. cant and shouldn't be the world's economic engine and they are supporting policies that coincide with that opinion.
If the current administration advisors ARE of this ideology,
perhaps they are keeping things in perspective on a global
financial level?...to the point where we at least won't be witness
to a total financial collapse during our present generation?
Previous statisticians, economists and forecasters alike over the many decades and administrations in charge that have plied their collective pallets with many a shades of grey when painting
the economic picture of the day,...have painted the same
picture,...have they not?
Will history show that the Obama administration was nothing more than an abstract visionary?...quite possible?
Would the same thing have happened if it would have turned out as a McCain Administration? Would the entire world economy be in much better shape than it is now?... Who knows?
Personally, I doubt it. One man and his party does not rule the
world in this day and age...regardless of party policies.
Will this man and his party, and their policies go down in history
to some degree in a controversial sense,.........some good things...some bad things? Yes!
In regards to the US not being considered as the "engine" that drives the WORLD ECONOMY...that's correct!...BUT!!!...The US in my opinion can be regarded at least as the "pistons" that drive that ENGINE!...one of the more integral parts so to speak.
However, the globe still requires the electrical, fluid and other solid mechanical components that help make up the entire engine...and if one part starts to suffer, the other components really can't help the engine to continue to run at full capacity now can it?
If the engine isn't running...fluids aren't in motion, electrical impulses cease to exist, and ultimately, the entire concept
has come to a stand still........ What needs to be done?
Money needs to be spent to fix it of course. Once it's fixed, then the other aspects or components can be looked at in regards to
a replacement or overhaul...and then, once tuned, the "engine" continues on.
With a full tank...the economy carries on it's merry way until
the tank once again begins to run low in about 5 to 7 years
and then, as is witness on a bottle of shampoo........
RINSE...REPEAT!
By the way...anyone wondering where Canada stands in this
analogy?...we are but the Hood Ornament that top off the
entire engine...always there...bright and shiny...getting tarnished
from time to time, yet always ready willing and able to offer up some polish to help out out once the engine gets going once again...doing our best to contribute to the overall engines resources in our own little way that is required to help keep the
global engine running smoothly.
That recognized...we here are not having fun here
either...so take comfort in knowing that you do not sleep
alone on the economic front!!!
It's not like the rest of the world is sitting back shaking
their collective global heads at us either, going..."geeez...what
happened to North America?
? The rest of the globe
is hurting big time as well...in ways that make our trials and tribulations look like a walk in the park!!! When we sneeze...
those poor bastards get the flu!...and in a lot of cases, they
die!!!
Anybody shooting at you in the streets? Any faction coming
by to take you and your family out of your domicile at gunpoint?
Any liberties being taken away? Still have power? Still have
food? Freedom of speech still works? Got a gun? No need
to cover your wifes face with a scarf for fear of her being
stoned to death in the street?..............
?
Thank gawd we aren't Dominicans! Now there's a
situation that YOU would NOT WANT TO BE LIVING WITH
on any given day!!!!!!
The good folks that were doing "OKAY" down there before
THAT disaster struck, felt that they had it made! Where was
their government? Where was their relief or support system
after the shit hit the fan back in January? I'll tell ya where it
was and where it stemmed from......US! The USA, CANADA
and a few other "HAVE" countries" that take life as we know
it for granted!!!!!!
RIGHT!....They didn't have one! The ones that managed to
survive, just recently had their tent city wiped out this week
due to a tropical storm...and they won't be seeing any compensation for that either...In other words, the canvas
roof over their heads that meant the world to them, just may
have gotten wiped out...and when this shit happened...they pretty much ended up with nothing............and we complain if our "Fridge" goes out for a day...............
Yeah...times are kind of fucked up these days for us...but the structure that makes up our great continent, will ensure that we will surely all weather and survive the storm...checks and balances are in place...unlike most countries in this world, especially when we find ourselves in financial and economical hard times suchas this.
Probably one of the many, MANY reasons why soooo
many people from sooooo many other countries want to join us
here and partake in the life that we have here...and take for granted. Regardless of who is in power at any given time...we certainly don't go off our collective sticks and cause a national
commotion and riot in the streets causing strife, disobedience, and ultimate death to the masses that make up our great
countries that we live in.........like we see in the news, that happens in other countries, as we chow down on our dinner,
safe in our homes........ with our families........our pets....and the
life that we take for granted..............................
YEAH!!!!!! SHIT sucks for some of us here!!!!!!!!!! I wanted to
buy a cottage! Someone else wanted to buy a new Camaro!!!!!!
Someone else had to borrow some money for their 50th Birthday
celebration because money was short!!!!!!!!
Someone else called the government down to the dirt because they had to pay Revenue Canada $43.00 in taxes!!!!!!...because they didn't have enough taken off of their pay cheque over the last 12 months of the job that they were lucky enough to have....and some of us...INCLUDING ME...stubbed my fucking toe on the bed this morning and I cried bloody murder to those responsible for designing a bed in such a manner that allowed that to happen..........................DAMN!!!!
Take a deep breath..........be thankful for what we have....be thankful for the opportunities that we are allowed...be thankful that it's all ours and the fact that we ALL made sure it has stayed
that way....Things will get better if we all work hard at it and keep those in check that we vote for to ensure that it stays
that way!!!!!!!!!!!!!!!!!!!!!!!!!.......try not to stub yer toe...listen to as much great music as you can, have a glass of fresh water,and when it's all said and done...realize the fact that we truly have WON THE LOTTERY on a WORLD WIDE BASIS in being born here and that we have the right to be citizens of such great countries!!!
Good news...the economy has pretty much come to a stand
still and has no where to go but back up at this point...yeah...
September will mostly likely see the bottom...but I have a sneaky
suspicion that by the end of the last quarter of this year, it's going to be much better...and in my opinion...the "Pistons" will be turbo-charged for the next few years!
Call me crazy, (and most do...haha), but I am slowly hearing
the "Rocky" theme song rising in my mind when it comes to
the next 12 to 18 months...hahahahaha.
Folks!....WE ARE NOT DONE HERE YET!!!...Good Times Are
On The Horizon!!!!!!!!!!!!!
Thanks
Kim