Icon I'm not an economist...
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Reg (view)

...but I am into common sense. I always think it is correct to get a little nervous when you get anybody in government trying to ram a package worth billions of dollars through as quickly as they can. I'm also not real high on this "stimulus package" mainly because I think you need to look very closely at something that involves this much money.

I also think it is a no brainer that tax cuts at this point in time are very important and it is a no brainer that the government is not in the business of making money they are in the business of spending it and giving it away. This means that the key thing they should be looking at is how to spend smarter and shrink government while encouraging business, the people that do know how to make money and create jobs, to grow and expand.

Here's the thing, we have a lot of giant businesses in this country that have grown too big, too wasteful, too greedy, and too careless. Why are we giving those businesses more money to burn? Well, because they have lobbyists for one and everybody likes to look at the big dollar business deal. A politician loves to offer a business friendly package to a huge company to move into his state or district because it looks great on paper but in reality how great a deal is it?

I think we need to stimulate small business in a big way. If you do the math small businesses on the whole actually employ more people and create more jobs than the huge ones. Let some of these guys grow and perhaps create better models than they have at the 15 companies most likely to fail in 2009. The big businesses get the headlines when they go under but the small business people can go down by the hundreds without people batting an eye. I don't think it would create a vacuum if a large company fails I think it creates an opportunity for somebody else to step up. A major auto company like Chrysler made a ton of bad decsions, bringing back muscle cars and gas guzzlers was just plain stupid and they deserve to fail, in a way they have to fail because they have totally screwed up their business model and to fix it they pretty much have to close the doors. Instead they have been given billions of dollars to burn to prolong the process and so they now will just take longer than they should have to fail and we've wasted a lot of money to help them fail bigger!

This to me is the big thing, government needs to spend better and provide an opportunity for companies to grow. I don't think cuts should be made in areas like education, which in this state is getting hit hard with cuts, I think if anything you spend more on education but cut in other areas and not hand out billions to companies that have already failed. Somebody like Chrysler may be blaming a weak economy for their troubles but really they created their own problems and bailing them out is insane and a huge waste.
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'The only way to avoid getting crushed by absurdity, is to humbly include the absurd in our calculations.'
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