I'm confused. I'm an American and I'm confused. What exactly does my Government want me to do? I feel so stupid, helpless and lost. I am stupid, well at least that's how my leaders treat me. A little over a year ago I got weally weally scwared because everybody around me started losing money and jobs and I was like "PLEASE HELP...PLEASE elected officials bail us out. Just give us money please." Well not really, I knew all along that sub prime lending was going to lead to catastrophe. Didn't take a rocket scientist to see the ripple effect the housing crash would have on the entire economy. The first bail out was inevitable like a knee jerk reaction. Then bailing everybody out became the norm. Stimulus!!!! Stimulate me. How far can stimulus go if people don't have jobs?
Since Obama has taken office the spending has gotten out of control, the justification? BUSH. It's like beating your wife and telling her you do it because you love her too much. Despite a very fragile economy, our new administration seems to have no problem with very high cost stimulus packages and Government programs all dependent on tax revenue. I DO NOT GET IT. How is America going to pay for these deficit increasing programs if there is high unemployment?
So on to the blatant contradiction and economical paradox, riddle, head scratcher. That little extra bit of money (stimulus) you have seen in your paycheck since early Spring wasn't put there so you can save it. It was put there so you can spend it, and stimulate the economy (oooohhhh THAT's where they got the name from). The Government banks on the fact that lower middle class or working poor people don't save but spend their money quickly, the liberals don't care if you improve your station in life because they make money and gain power from your plight.
So let's go over the facts. The people of this country spent over a decade spending more than they earned. This caused a ginormous credit crisis and now the Government spends even more to bail out well...just about everyone who screwed up (businesses and individuals). So basically, people were rewarded for being irresponsible...we socialized our losses in the free market. Then the Government spends more money so that you can spend more money. All the while introducing new programs to increase Government spending and eventually taxes. Here comes the kicker...here comes the ultimate mixed signal and it comes from Tim the Tax Cheat Geithner...
Yesterday in Germany, Geithner said, "Everyone is going to have to come to terms with the fact that we are going to save more in the United States. . . If the U.S. starts saving more, that changes the whole world's economic reality."
WWWWWHHHHHHAAAAAAAAAAAAATTTTT????????? The United States needs to all of the sudden "save more" as our Government sets the worst example possible by introducing TRILLIONS to our national debt. Who the F pays for the debt? WE DO. Taxes will consume Americans and they will have EVEN LESS to save than they already do. Coupled with the fact that there is high unemployment and many people are living off of tax money (unemployment).
If our Government wants us to save more, they would have to decrease spending. You see, when they spend more, you pay more in taxes which decreases your after tax income. To keep putting the same amount of money into the economy you'd have to save less of your after tax disposable income. If you saved more and spent less there would be less money in the economy and thus less jobs for people.
Get it? Got it? Good.
This is just insane. Liberals are so confused.