Vote Smart!
 Not to beat a dead horse here, and I really don’t want to be a pisser and moaner, and I’m not trying to pretend I know more about economics than our illustrious leaders, but I honestly don’t think it’s all that complicated…
I’ll offer my thoughts in a succinct manner, so you can get on to more enjoyable things…
New Bipartisan Commission on Deficit Reduction
Question: Is this legitimate or political?
Fact: New commission’s findings will have no binding authority.
Related Question #1: When you’re spending more than you make, what do you do?
Related Answer #1: Hmm, let me think….. you cut your spending.
Related Question #2: How does the Federal Budget look for 2011?
Related Answer #2: Let’s just say the spending is going to be way more than projected revenue.
Answer: Political
Chicken or the Egg?
Chairman Bernanke sits this morning before our illustrious leaders to discuss monetary policy. He states that we need to do more to get banks lending to businesses.
Question: What comes first, the lending or demand?
Answer: Demand drives lending…. Lending doesn’t drive demand?
Question: What would drive demand at this point?
Answer: The “experts” say jobs and certainty…
Question: Do jobs create demand, or does demand create jobs?
Answer: Demand creates jobs.
Question: What exactly is demand?
Answer: Desire for a given product/service.
Question: What inspires that kind of desire?
Answer: Confidence in the future.
Question: How do we create confidence in the future?
Answer: Put more power in the hands of people and businesses… People have more faith in people than they do government.
Question: What about the wrong-doers in business? Don’t we need the government to punish them?
Answer: Wrong-doers will always exist, and we have laws on the books to deal with them. Let them fail, and prosecute the law breakers… Tighter regs (while there may be some needed), to the extent that they hamper prudent risk-taking, will hurt more than help the consumer…
In terms of inspiring confidence, it’s simple; cut spending and cut taxes… Lower tax rates will inspire investment, which will create jobs, which will ironically increase revenue. Then if the politicians don’t spend it all, we pay down our debt and balance the budget.
Bottom line; we need experienced business people in government. And it looks like we may finally be heading in that direction…
Bottom line bottom line; vote smart!
That’s all…
Have a great day!
Marty
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Marty, you need to stop clouding the issues with common sense! Otherwise, how will career politicians who depend on a government paycheck continue to be re-elected?
Honesty and common sense! Now wouldn’t that change the direction of our country’s course! How many politicians could we find that possess both virtues?