Easy, spend less. The government wastes so much money and overpays for many projects. The government needs to make serous cuts and live within its means like any normal person. The government needs to shrink and drastically reduce spending in areas that it can.
So not spending to get out of a recession? :rofl
Interesting how everyone who continues to complain about government spending or the ARRA (stimulas bill) completely ignore the fact that the Dows has risen above Oct 2008 levels and is still climbing...not skyrocketing, but still ticking upward, that business are starting to sell and manufactur products to replenish inventories and the American people are buying goods and services again. (Read report here of
1Q2010 corpoerate earnings)
Consumer spending has risen for five straight months, retail sales for four, and restaurant sales surged this spring after being stagnant since 2008. Profits from those sales reflect a healthier economy, as opposed to the drastic cost-cutting that helped companies improve their bottom lines in recent quarters.
Among the latest winners, Ford Motor Co. did an about-face from a year ago in reporting a $2.1 billion profit on 15 percent higher revenue; it plans to boost production. Caterpillar Inc. also reversed a loss from a year ago and said demand for its construction and mining equipment is surging.
Royal Caribbean Cruises Ltd. returned to a first-quarter profit as more travelers vacationed on its ships and spent additional money on board. UPS Inc. posted a 33 percent profit increase; it said tech firms are shipping more products and other industries are restocking inventories.
A parade of other Fortune 500 corporations also have boosted their full-year profit forecasts this month. This week alone, the list includes DuPont Co., Estee Lauder Cos. and Whirlpool Corp.
As to financial reform, even the headline on FoxNews.com reads, "Republicans Poised to End
Stall on U.S. Banking Bill," a clear indication that it's diversionary tactics once again by Republicans despite many of them claiming that Wall Street desperately needs regulatory reform (or for the regulators to do their jobs...you decide which is more right). But if the headline didn't grab you, maybe this will...
From the
FoxNews article...
Republicans had already begun to drop their complaints that the Democrats' legislation would perpetuate bailouts, and had shifted their criticism to a consumer protection provision that they say goes too far.
How the hell does legistlation that protects the consumers end up being considered too broad, i.e., "going too far?" I thought the first responsibility politicians had was to the People, not big business? Of course, there will be some who will once again argue how this country was founded on capitalism, blah, blah, blah (...ummm, Conservative...:roll
and completely forget who have been truly hurt by Wall Street greed. (Here's a clue...it wasn't Goldman Sachs, BoA, Freddie, Fannie, AIG, or GM. How's your 401K doing?) Regardless on your take, it's about time both sides will finally get to sit down and debate this issue. And this time, let's all hope they get it right for once.
