US House passes economic package without a single Republican vote reads the Headline. The Republicans also have their own magic math ‘economic recovery’ giveaway for the super rich, but they are smart enough not to be caught together with the Democrats ‘winning’ now, but later to be caught by the public holding the burglary bag of new national debt created! They can say they ‘opposed’ The Grand Give Away, and they will have, too, since they were not in charge of doing it their way.
So let’s take a look at how the Democrats are using their magic math to try to deceive the newly going-to-be-unemployed/ underemployed.
In 2008, 2.6 US jobs were lost. This year the loss will be 3 million or more per relatively optimistic forecasts. Barack Obama’s most recent victory in the House called for spending greater than $800 billion to create what he says could be up to 4 million jobs (his words, not mine). Wait a sec? Then where will all the other money be going to be spent?
Let’s imagine these new jobs paying $20,000 per year and times that 4,000,000, shall we? That’s only $80 billion and the Feds could just give that money away to these 4,000,000 happy theoretical new workers for 10 years for a cost of 800 billion? Is that Obama’s plan? No, it is not. He is not even going to create 4 million new jobs for one whole year with that $800 billion of tax money obtained, and where will that money come from anyway? Eventually it has to come from public taxes.
But wait a second now? Most of that money will actually go to financial bailouts of institutions going under, as the Federal Government takes on their bad debts AND their top execs’ ill gotten profit making, all bills now due. The government will be ‘giving’ with one hand (a little to the small fok, and a much greater amount to the really large folk) and taking away yet more with the other hand, and almost all of that to be taken coming out of the small folks accounts! And then there will be the interest to forever pay back…
So this whole new Obama game plan will become the financial re-foundation of the New World Economy restabilization? Hardly! It can only be the new foundation for a total disintegration of the entire US national government into having to make foreign debt payments for an eternity. Forget the mirage of 4 million new jobs which is nothing more than a sugar coating for the Grand Theft. It’s not icing onhte cake but the cover-up for the theft!
It is increasingly becoming clear worldwide, that the business community has no real answers for anything these days. All problems the world faces are without current economic leadership having any real solutions to propose. They are simply glued into The System and the System is simply glued into one of its gigantic and periodic downturns. And since the Chinese and Russians are now glued into that System themselves, they have little to nothing constructive to offer as alternative either. In fact, their world looks even grimmer than ours does.
Now here’s the real math from Barack Obama… New bank bailout could cost up to $2 trillion: report from the Wall Street Journal. I thought these were the fundamentalists who were utterly opposed to just throwing money at problems? I guess not. And after the thrown money fails to solve anything, then what? Well it might come down to many people wanting to hang Obama in a couple of years? Why? Because then all there will be is a huge governmental debt on the $2 trillion spent, and a still totally dysfunctional economy. Beware the man who’ll leave you with just small change. It’s still welfare time for the elite guzzlers of that most important commodity.
