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Bush considers economic stimulus

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President Bush huddled with his top economic advisors today as new figures suggested a slowing US economy. Mr. Bush says he hopes to work with congress on a stimulus plan. The December job report shows employers adding the fewest new workers in four years, with overall unemployment at five percent -- the highest since 2005. Bush, meeting with his working group on financial markets, admits indicators are mixed but called for perspective. Bush said, "While there is some uncertainty in the markets, the important thing is the Financial markets are strong and solid." But Wall Street didn't see it that way, taking a tumble for a third day after perceiving a triple threat: unemployment up, energy prices soaring, and credit markets tightening -- hard news for any consumer to hear. Consumers may be right to worry, according to economists, who say the job market was the one thing holding the economy back from a recession. Moody's chief economist Mark Zandi said, "Recession odds are at least even and at least rising, clearly $100 for a barrel of oil, the odds are very high that by the spring we will be in recession." Still the white house continues to back away from using the "R-word" in any form. If actions speak louder than words, then consider this: for the first time, the president may offer an economic stimulus during his State of the Union address later this month.

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Bush Plan

Being lied to about the war... Price? 800 Billion into a sand pit Being lied to about trickle down economics and the "good for America corporate tax breaks..." Price? 9 Trillion in National Debt and Counting Being lied to about free trade... Price? 3 million manufacturing jobs gone Being lied to about not needing government oversight and regulation... Price? Tens of thousands of jobs and billions lost. Record housing foreclosures and the worst new construction starts in thirty years. Having Bernanke tell me he does not believe there in an impending recession... Priceless!

Simulus - More Required

The underlying problem with the economy is an extreme maldistribution of income between the working class and the capital owners. When a CEO can make 300 million dollars while an average worker's wages haven't even kept pace with inflation what results is a dysfunctional market economy starved for consumption spending. The average American has had to fuel his/her spending with debt obtained by borrowing on the equity within their home - that phantom equity has now evaporated. In order to correct this out of balance condition there needs to be laws in place (similar to the anti-Trust legislation) that caps the annual income of all capital owners and their surrogates (CEOs, CFOs, etc.) at a specific federal percentage above that of the highest paid worker within their respective firm. Also, we need to eliminate labor arbitrage by canceling all Temporary Worker Visa programs (L-1, H1-B, etc.), and establish tax penalties for firms that expand their workforce above some threshold through outsourcing, or replacement hiring in foreign locations. Essentially, FDR was accurate when he characterized the Great Depression as an out-of-balance Economic malady. Rural income prior to the Great Depression was significantly lower than urban income, now (overvalued home equity) as then there was unlimited amounts of overvalued phantom equity flowing into the stock market, the income differential between labor and capital while nowhere near the current astronomical level was still much higher than sustainable. There in lies the root cause of the out-of-balance condition that precipitated the Great Depression. Any system including the market economy that gets to far out balance does not function properly. Certain constraints need to exist to keep the market economy from slipping into a dysfunctional state. Balance is the essence of stability nothing short of this will guarantee permanence.

So...

Your version of communism is better than the other guy's? Wealth distribution should be all about those that seek to make the most of it. Not about how a government can spread it around. What part of "fair play" do you not understand? Those that work harder can afford more. They shouldn't have to deal with more regulation. Which is what you propose. Kinda gross actually, like you're gay and I should give you something for it. Get a life and realize that you DO NOT LIVE in a democracy, maybe a democratic republic, but there are differences. Maybe you can feel that one out later, doofus.

"Bush considers economic

"Bush considers economic stimulus" How 'bout doing this: 1. Lower gas prices 2. Give the public back the gazillion dollars of our tax money wasted/spent in Iraq in a lump sum and non-taxable 3. Quit trying to prove to your ole Dad you're a big boy now and can run a country, because you can not! 4. Remember Viet Nam? I do, and you will never win this war in the Middle East as we didn't in Viet Nam You are too late Bush, and better yet, how about calling in sick for the rest of your term this year. Don't think the public would even notice if you did!

Actually, if you discount Iraq and Afghanistan.....

Bush's programs were quite good, initially. The tax cuts he signed in 2001 and 2003 were one of the key reasons that our economy took off. They also insured a quick recovery after September 11th. We have enjoyed six years of a booming economy, and despite those cuts, we are collecting higher tax revenues than ever. His biggest domestic failure was not reining in a Congress that was spending money like drunken sailors, year after year. Whether Republican-controlled or Democrat-controlled, Congress is the chronic block to any meaningful belt-tightening that should accompany tax cuts. They stand for election every two years, so it's a continual struggle to bring home the bac....um...pork. You should also not over-estimate the president's power in actually "steering" the economy. He can nudge it, but even he's not powerfull enough to truly manage it. The price of oil, for example, is well outside his sphere of control, and if you remember Vietnam, you also remember that Nixon and Ford proved that price controls simply don't work, and cause even more damage to the economy. Recession is a natural cycle in any economy, so it's not a matter of IF it's coming, but when. Considering the president's available options, he may be thinking of doing something, but there's very little he can do. Plus, he's now dealing with a Congress that WANTS to see the economy in the toilet by November. I won't waste any bandwidth trying to explain away his total military incompetence, or refusal to take the war to the people who have declared war on us....