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To many times this year I said the economy is in CONTRACTION.
On March 27 I published one post with the following name: It looks like the Titanic's History! The Economy
Everywhere outside the inner circles of Washington are talking about the economy is in recession, economists around the country are talking with data in hand and statistical methods and models, sustaining the economy is in recession.
But only the lurid government of George W Bush and his political puppets of both parties won’t to acknowledge this irrefutable reality.
One main principle in economy is the fact first and foremost recognize the crisis in the exactly magnitude where is it, with this data you can structure a plan capable to reverse this economics behaviors, otherwise any false analyze could worsened the crisis.
At this point here is is the majuscule irresponsibility of the government and the political statement of both parties, when they do not want to recognize the economy is in recession. As Germany did few weeks ago.
Now the National Bureau of Economic Research is recognizing the economy is in recession.
Yes the economy is in recession heading very fast to the worst depression ever, as a consequences of this stupid behaviors of not admit the reality and try to hidden the true of the crisis.
Nothing could be very worst than the lack of admit the realities in economic terms.
These entire politicians in charge are sinking this country in to the most catastrophic economic downturn; they are playing and buying time instead made structural correction to the economy.
They irresponsible bailout and send billion of inorganic and unproductive money to the markets.
All are accomplices of this charade of print inorganic money and send it to the market in the most regretfully method of bailing out institutions who are per se out of business.
Here is now the new reality, banks are failing, big manufactures are failing, small businesses are failing, the construction industry is failing long time ago,
Means, two of the biggest employers of this country are failing (Construction & Smalls business).
Yes, if you think the automakers or the business associates with the markets are the biggest employers you are dead wrong and this is exactly this politician of the status want to sell in order to continue putting inorganic money at the expense of the taxpayer.
These actions now are compromising at least the next two generation of Americans and they are going to pay huge for this government irresponsibility.
No one can assume this crisis is going to be resolved by any means in the next ten or fifteen years if “only if” the next administration took the necessary structural steps of corrections.
In terms of UNDO this economic crisis: “the fail of one year represent 10 years of setting back”
With this equation, President Elect Barack Obama has to deal. He has no choice! And there are not excuses about the world are in crisis or so on.
Yes, the world is in crisis, and this crisis is the failure of this ECONOMIC MODEL.
The new realignment if underway, now depend of each government how to handle the situation to prevail or to fail.
Percy H Florez
On March 27 I published one post with the following name: It looks like the Titanic's History! The Economy
Everywhere outside the inner circles of Washington are talking about the economy is in recession, economists around the country are talking with data in hand and statistical methods and models, sustaining the economy is in recession.
But only the lurid government of George W Bush and his political puppets of both parties won’t to acknowledge this irrefutable reality.
One main principle in economy is the fact first and foremost recognize the crisis in the exactly magnitude where is it, with this data you can structure a plan capable to reverse this economics behaviors, otherwise any false analyze could worsened the crisis.
At this point here is is the majuscule irresponsibility of the government and the political statement of both parties, when they do not want to recognize the economy is in recession. As Germany did few weeks ago.
Now the National Bureau of Economic Research is recognizing the economy is in recession.
Yes the economy is in recession heading very fast to the worst depression ever, as a consequences of this stupid behaviors of not admit the reality and try to hidden the true of the crisis.
Nothing could be very worst than the lack of admit the realities in economic terms.
These entire politicians in charge are sinking this country in to the most catastrophic economic downturn; they are playing and buying time instead made structural correction to the economy.
They irresponsible bailout and send billion of inorganic and unproductive money to the markets.
All are accomplices of this charade of print inorganic money and send it to the market in the most regretfully method of bailing out institutions who are per se out of business.
Here is now the new reality, banks are failing, big manufactures are failing, small businesses are failing, the construction industry is failing long time ago,
Means, two of the biggest employers of this country are failing (Construction & Smalls business).
Yes, if you think the automakers or the business associates with the markets are the biggest employers you are dead wrong and this is exactly this politician of the status want to sell in order to continue putting inorganic money at the expense of the taxpayer.
These actions now are compromising at least the next two generation of Americans and they are going to pay huge for this government irresponsibility.
No one can assume this crisis is going to be resolved by any means in the next ten or fifteen years if “only if” the next administration took the necessary structural steps of corrections.
In terms of UNDO this economic crisis: “the fail of one year represent 10 years of setting back”
With this equation, President Elect Barack Obama has to deal. He has no choice! And there are not excuses about the world are in crisis or so on.
Yes, the world is in crisis, and this crisis is the failure of this ECONOMIC MODEL.
The new realignment if underway, now depend of each government how to handle the situation to prevail or to fail.
Percy H Florez
Since the last weekend just am participating in the fiercest battle against those groups who are trying to organize a big Rally on day ONE against Barack Obama in the issue about immigration.
The list serve of many Hispanic groups in the Barack Obama web site is flooding profusely in message about this MARCH!
The organizer has nothing to say about it.
Suspicious:
I just am wondering why suddenly too many born American citizen are behind this March and are pushing our community to do so.
The answer for many Hispanic people in this group is prudence and organization before doing something like that. 85 percent or more of the participants in this discussion are Hispanic people talking and pressing for measure and organization, the others (few) are in favor of the MARCH and these unknowns born American citizens are vehemently pushing for the MARCH against BARACK OBAMA.
My questions are:
Why this MARCH on day ONE?
Why this fellow Americans are very interesting in this action against Obama?
Why they are pushing our community to do something like that on day ONE?
Who they are?
Why this March against a government who don’t address the immigration issue at this time and the Hispanic community don’t know exactly wish one is the real position of the new administration?
Why the RUSH of this organizer for this so called “LA MARCHA”
Who’s behind scene?
It’s something planned by the groups anti immigrants like the MINUTEMAN group?
Or it’s something planned by THE REPUBLICANS?
After all the only beneficiary of the negative consequences of this extemporary pressure against the new administration in our community could be the Republican Party and the anti immigrants groups, like the MINUTEMAN!
Percy H Florez
The list serve of many Hispanic groups in the Barack Obama web site is flooding profusely in message about this MARCH!
The organizer has nothing to say about it.
Suspicious:
I just am wondering why suddenly too many born American citizen are behind this March and are pushing our community to do so.
The answer for many Hispanic people in this group is prudence and organization before doing something like that. 85 percent or more of the participants in this discussion are Hispanic people talking and pressing for measure and organization, the others (few) are in favor of the MARCH and these unknowns born American citizens are vehemently pushing for the MARCH against BARACK OBAMA.
My questions are:
Why this MARCH on day ONE?
Why this fellow Americans are very interesting in this action against Obama?
Why they are pushing our community to do something like that on day ONE?
Who they are?
Why this March against a government who don’t address the immigration issue at this time and the Hispanic community don’t know exactly wish one is the real position of the new administration?
Why the RUSH of this organizer for this so called “LA MARCHA”
Who’s behind scene?
It’s something planned by the groups anti immigrants like the MINUTEMAN group?
Or it’s something planned by THE REPUBLICANS?
After all the only beneficiary of the negative consequences of this extemporary pressure against the new administration in our community could be the Republican Party and the anti immigrants groups, like the MINUTEMAN!
Percy H Florez
On Wednesday I receive one of the most heartbreak emails ever. A Heart Break E-mail and I posted the entirely email as it, as a proof of what is happen in the VETERNAS ADMINISTRATION (VA).
VA literally is broken in his finances and the bureaucracy in this department follow a steady course, those facts are the principals cause of dissatisfaction for many VETERANS who are rightfully entitle to receive the assistance they deserve from the VA.
This soldiers practically are begging to the VA for solutions, THE ONLY THINK THEY WANT is receive a respectfully treatment, They want his payments on time and the necessary medical assistance they need, They want to be loved by his country as they much loved it.
Not enough was the discovering of the disastrous mistreatment they suffer in the Walter Reid Hospital, they receive promises and some improvement, just the necessary actions to calm down the media, but the really true is nobody is talking about the continue injustice this proudly HEROS receiving every single day from the VA.
If there is some institution in this country need a BAILOUT is the VA, they has the great responsibility of taking care of all VETERANS?
Of course at this point there are not EXTRAORDINARY session of the CONGRESSMAN favoring any solution in this mess of the VA, NOT special declarations of the Speaker of the House, or the Majority Leader calling for immediate and expedite solutions of the SOLDIERS problems dealing with the VA, as they did easily in FAVOR of the corrupted institutions in wall street.........NO, there are NOT prefabricated NEWS CONFERENCE voicing for a quickly and smart solutions for the VETERANS ADMINISTRATION , there are NOT RUSH to solve his problems, NO pressure to the people and fancy explanations to secure VOTES.
At the end of the day nothing is going to happen, may be they think …….. THEY ARE TOO LITTLE AND TOO POOR.
It’s incredible and hard to believe, these two young soldiers practically begin for money because the VA unwariness’.
I can't visualize how this kind of differences could happen in this country?
Lawmakers know what happen in the VETERAN ADMINISTRATION, this is nothing new, this problem coming from years before. But always they couldn't find out the right solution, only promises and long time lapses and debates, until something special come out trough the media like this issue of the Walter Reid. I just wondering if someone of these busy lawmakers of Washington are going to read this: A Heart Break E-mail.
Why does the Congress ISSUE a rush and fair “BAILOUT” to the VETERANS ADMINISTRATION (VA) solving definitively and permanently all the PROEBLEMS THEY SURELLY HAS, as a real signal of gratitude for all what this soldiers did, after all is his responsibility's to do so.
Just am calling for some justice and sensibility to the attention of the President-Elected Barack Obama, I do not expect nothing being solve by the Bush Administration.
Just am calling to the leaders of the Congress for an EQUAL TREATMENT for these citizens, who with his WATCHS and exposures in dangerous way are granting the LIBERTY AND SECURITY of his countryman and them as congressmen’s they fully enjoyed.
This proudly man’s and women’s of the United States Armed Forces, HERO’S of the past and present wars, deserved nothing less than EQUAL TREATMENT, quickly and expedites solutions for the VETRANS ADMINISTRATION (VA), as others entitlements or institutions recently receive from the United State Congress.
Percy H Florez
VA literally is broken in his finances and the bureaucracy in this department follow a steady course, those facts are the principals cause of dissatisfaction for many VETERANS who are rightfully entitle to receive the assistance they deserve from the VA.
This soldiers practically are begging to the VA for solutions, THE ONLY THINK THEY WANT is receive a respectfully treatment, They want his payments on time and the necessary medical assistance they need, They want to be loved by his country as they much loved it.
Not enough was the discovering of the disastrous mistreatment they suffer in the Walter Reid Hospital, they receive promises and some improvement, just the necessary actions to calm down the media, but the really true is nobody is talking about the continue injustice this proudly HEROS receiving every single day from the VA.
If there is some institution in this country need a BAILOUT is the VA, they has the great responsibility of taking care of all VETERANS?
Of course at this point there are not EXTRAORDINARY session of the CONGRESSMAN favoring any solution in this mess of the VA, NOT special declarations of the Speaker of the House, or the Majority Leader calling for immediate and expedite solutions of the SOLDIERS problems dealing with the VA, as they did easily in FAVOR of the corrupted institutions in wall street.........NO, there are NOT prefabricated NEWS CONFERENCE voicing for a quickly and smart solutions for the VETERANS ADMINISTRATION , there are NOT RUSH to solve his problems, NO pressure to the people and fancy explanations to secure VOTES.
At the end of the day nothing is going to happen, may be they think …….. THEY ARE TOO LITTLE AND TOO POOR.
It’s incredible and hard to believe, these two young soldiers practically begin for money because the VA unwariness’.
I can't visualize how this kind of differences could happen in this country?
Lawmakers know what happen in the VETERAN ADMINISTRATION, this is nothing new, this problem coming from years before. But always they couldn't find out the right solution, only promises and long time lapses and debates, until something special come out trough the media like this issue of the Walter Reid. I just wondering if someone of these busy lawmakers of Washington are going to read this: A Heart Break E-mail.
Why does the Congress ISSUE a rush and fair “BAILOUT” to the VETERANS ADMINISTRATION (VA) solving definitively and permanently all the PROEBLEMS THEY SURELLY HAS, as a real signal of gratitude for all what this soldiers did, after all is his responsibility's to do so.
Just am calling for some justice and sensibility to the attention of the President-Elected Barack Obama, I do not expect nothing being solve by the Bush Administration.
Just am calling to the leaders of the Congress for an EQUAL TREATMENT for these citizens, who with his WATCHS and exposures in dangerous way are granting the LIBERTY AND SECURITY of his countryman and them as congressmen’s they fully enjoyed.
This proudly man’s and women’s of the United States Armed Forces, HERO’S of the past and present wars, deserved nothing less than EQUAL TREATMENT, quickly and expedites solutions for the VETRANS ADMINISTRATION (VA), as others entitlements or institutions recently receive from the United State Congress.
Percy H Florez
We donâ��t need politicians with ideas imported that are more pertinent else where, nor the self-serving blue dogs nor red dogs dogmas though there is need for proactive Democratic Party presence. A proactive Democratic Party presence that is not confined but is regional and permanent in nature which will not be achieved with any short term approach. Read More »
With each cycle of the income crisis negative feedback loop an accelerating economic decline moves the global economy spiraling downwards into an abyss that will eventually end in total economic collapse. Systemic declining real wages starting over 40 years ago has laid the fragile foundation that fed a continuing drop in consumption when credit could no longer be a sustainable proxy for income among low to middle wage earners. Even if credit was suddenly available - average Americans are already highly over leveraged. These factors triggered a negative feedback loop of declining real income available to 95% of the citizenry, falling consumption directly proportional to falling incomes, and declining business revenue accompanied by job lay-offs & retail price declines (deflation) all completing each successive feedback loop cycle. All along the course of the feedback loop cycle theses effects oscillate across the general economy in a continual downward slope of economic decline that translates into falling GDP and national capital stock destruction that occurs at an ever increasing exponential rate.
Reversing an income crisis 'drain spiral' becomes more difficult with the passage of time since unemployment and capital stock destruction exponentially increases across a number of income crisis negative feedback loop cycles. The longer a government waits to enact substantial fiscal stimulus targeted at low to middle income citizens the more and more 'income emaciated' these citizens become thus making it much more difficult to push the entire economy up out of the income crisis spiral.
Eventually, the nation's capital stock becomes so inconsequential from an economic perspective and the number of citizens who are unemployed so numerous that the government becomes the sole income generating agent (presumes the government has infused the economy with insufficient fiscal stimulus and/or is still making government expenditures into the private sector) in an extinct standalone private economy that has reached the terminus in an income crisis deflationary economic spiral.
Reaching the terminus point is a foregone conclusion without substantial (10% of GDP) government fiscal stimulation of the 'real' economy. At this terminus point economic activity in the country has been completely extinguished from successive negative feedback cycles down economic gradients with ever accelerating declines in GDP and national capital stock destruction.
Infusing the supply side (financial sector - or top of the pyramid) with government bailout capital will do absolutely nothing (covered in many of my previous essays) to get the 'consumption engine' of an 'income starved' economy running again. Effectively, there is no substitute for bold decisive action on the part of government policy makers in implementing a substantial fiscal stimulus program that immediately creates sufficient stable employment (not a token number of jobs) at a sustainable higher tier private sector wage rate. This must be immediately followed up with rebuilding the nation's capital stock to pre-income crisis levels through infrastructure investment in an industrial base that lends itself towards taking advantage of a nation's competitive advantage in multiple areas. In the case of the United States it has been determined that long term stimulus investments (substantial) that target the creation of a 'Green Industry' sector would have the potential of employing millions of Americans across all professions within two main program branches comprised of manufacturing and delivery. Subsidiary industries would also be created either directly through government and/or private sector capital infusions that would ultimately employ a cross section of every professional occupation group that has been placed on the unemployment rolls during this income crisis.
The global community has so little time left in which to act decisively. We are racing ever faster with each passing day down a cold dark abyss towards the terminus of economic collapse. We must act now, not later.
Posted on my blog 11/5/2008 at:
http://structuraleconissues.blogspot.com/
It's impossible to conclude that our economic environment is not subject to the same diversity that comprises our natural environment. Given that an economy is a subset of the society that wrests itself from an unforgiving natural world riddled with chaos, why do some branches of economic thought continue to rationalize humankinds pecuniary endeavors down to neat tightly, clean, predictable outcomes. The structure of an economic system must reflect the multifaceted and diverse characteristics of the world in which it operates - a world of varying personalities all interacting in incoherent ways.
Our universe is not clean and orderly it-s very, very messy - nothing ever seems to work out according to the best conceived plans. It is therefore imperative that we not endeavor to extend our subconscious world view of tidy, neatly trimmed 'lawns' to any natural substrate in the living breathing messy struggle for life. There are no 'lawns' of perfectly crafted conception in nature so why extend the improbable to a natural world substrate? A prairie ecosystem is full of tall grass of varying varieties, riddled with ground squirrel holes, snakes in some regions, muck, and a variety of wildlife not allowed to intrude into our comfortable neat complacent checkerboard communities. But the interaction between the two does result in changes that affect both.
Similarly, our economic system must reflect the realities or 'ground truth' inherent in the natural environment, societal structure, and impractical, irrational interspersed behavior of the human substrate. So why continue to refine any economic model based upon illusion by further perturbing an already tumultuous society by injecting policies that don't align with any existing observable dynamic?
Over the past few years we've been led to believe that the Laissez-faire neoclassical economic realm of illusory conceptualization would translate into this wonderful world guided by some 'invisible hand'. Ours would be a service sector oriented economy never again requiring the utilization of dirty hands, and strong muscles. Every citizen would magically be endowed with all the necessary intellect, desire, and personality to expand the service sector into the preeminent sector of employment. There was just one problem with the distorted nation state competitive advantage simplistic view of our globe - it still left a substantial segment of our population underemployed, and unemployed because they just didn't fit into the special mold of a service sector laborer.
Expanding the concept of competitive advantage outside of its original boundaries centered in a particular industry was just another attempt to mold reality (only perceptually achievable by propaganda) to fit illusion. Over the past few decades we've been deluding ourselves into thinking that a viable economy can function stripped of its manufacturing sector. It has become abundantly evident that an economic system crafted for the benefit of the larger community cannot operate solely as a service sector economy devoid of a sustainable manufacturing base.
Competitive advantage must mold both the service sector and manufacturing components across industry segments that are jealousy defended by national policies within a completely economically integrated world. No economy can be sustained under just one of these core economic components they both must be merged together in order to achieve some semblance of economic and societal sustainability & stability.
We have witnessed the effective subversion of an already inherently unsustainable service sector nation-state competitive advantage model into something contrived and contorted beyond its illusory construct. Perpetuated by the 'information age' propagandists we were led to believe that an economy could be solely built upon a technologically oriented service sector. Factories were no longer needed within an economy based solely upon intellectual labor. The problems with this early nation-state competitive advantage centered model were three fold. First, it was myopically constrained to a nation-state centric advantage that never expanded across borders. Secondly, it failed to account for the unpredictable effects of human behavior within a tumultuous greed enhanced global society. Thirdly, as already conveyed, the competitive advantage of a technologically oriented service sector was too broad in scope to be maintained at the nation-state level.
But what mutated from this touted elegant distortion of reality was driven by the second factor, the uncontrollable greed educed by Laissez-faire religious tenants that encouraged human behavior contrary to the maintenance of sustainable and stable communities. Any behavior was permissible in the corruptly focused short-term greed addicted behavioral state. What evolved was a belief system built around the individual to the exclusion of the community a credo that any means was justified even the 'slash and burn' pillage of entire nation-states to fulfill the unquenchable desires of the few wealthy elite. Labor arbitrage became the 'club' of choice wielded by the 'strong arms' of an army of mercenary lobbyists fielded to sustain the wealthy fiefdom's ability to exploit workers by any means imaginable.
With so many interconnected messy threads weaving throughout our society, class consciousness, across unique behavioral responses to stimuli, and the turbulent at times dangerous physical world we inhabit it is abundantly clear that any economic theories must be conceived in the forge of reality. It is a reality that recognizes a simple requirement of all human beings - fairness. Without fairness or some form of equity, infused with equality the best conceived seemingly realistic policies will be nothing more than distorted illusion cloaked in a thin veil of reality. Human beings are very adept at perceiving whether certain aspects of their societal framework is fair, or slanted towards the interests of those ultimately in control. No amount of 'packaging' will deceive a community of citizens over the 'long haul' - this is aptly reflected in the current rejection by the general populous of the trickle down supply-side greed based economics benefiting the few practiced over the last few years.
Quakers believe that we are all our brothers keeper, that when we act in the best interests of our fellow human beings we serve the better interests of our communities. Thus, realizing that in order for a sustainable, stable economy to transpire we need to include everyone; those who desire or are suited to work in a vibrant manufacturing component, others who excel in a service sector intellectual or assistance driven component, and those who must be cared for by a compassionate community (government) because their unable to survive in either component of a competitively oriented sector of our economy. It is also important to integrate our nation-state economies into an 'International Economic Congress' whereby the interests of Capital (businesses) and Labor can be democratically resolved, and a coordinated oversight of all economically related endeavors can be achieved for the betterment of the entire global community. We are on the cusp of an appreciation that transcends any past global paradigm shift - our movement towards a sustainable, stable world community is very achievable. Let's make it happen.
Originally posted on my blog at:
http://structuraleconissues.blogspot.com/
Our universe is not clean and orderly it-s very, very messy - nothing ever seems to work out according to the best conceived plans. It is therefore imperative that we not endeavor to extend our subconscious world view of tidy, neatly trimmed 'lawns' to any natural substrate in the living breathing messy struggle for life. There are no 'lawns' of perfectly crafted conception in nature so why extend the improbable to a natural world substrate? A prairie ecosystem is full of tall grass of varying varieties, riddled with ground squirrel holes, snakes in some regions, muck, and a variety of wildlife not allowed to intrude into our comfortable neat complacent checkerboard communities. But the interaction between the two does result in changes that affect both.
Similarly, our economic system must reflect the realities or 'ground truth' inherent in the natural environment, societal structure, and impractical, irrational interspersed behavior of the human substrate. So why continue to refine any economic model based upon illusion by further perturbing an already tumultuous society by injecting policies that don't align with any existing observable dynamic?
Over the past few years we've been led to believe that the Laissez-faire neoclassical economic realm of illusory conceptualization would translate into this wonderful world guided by some 'invisible hand'. Ours would be a service sector oriented economy never again requiring the utilization of dirty hands, and strong muscles. Every citizen would magically be endowed with all the necessary intellect, desire, and personality to expand the service sector into the preeminent sector of employment. There was just one problem with the distorted nation state competitive advantage simplistic view of our globe - it still left a substantial segment of our population underemployed, and unemployed because they just didn't fit into the special mold of a service sector laborer.
Expanding the concept of competitive advantage outside of its original boundaries centered in a particular industry was just another attempt to mold reality (only perceptually achievable by propaganda) to fit illusion. Over the past few decades we've been deluding ourselves into thinking that a viable economy can function stripped of its manufacturing sector. It has become abundantly evident that an economic system crafted for the benefit of the larger community cannot operate solely as a service sector economy devoid of a sustainable manufacturing base.
Competitive advantage must mold both the service sector and manufacturing components across industry segments that are jealousy defended by national policies within a completely economically integrated world. No economy can be sustained under just one of these core economic components they both must be merged together in order to achieve some semblance of economic and societal sustainability & stability.
We have witnessed the effective subversion of an already inherently unsustainable service sector nation-state competitive advantage model into something contrived and contorted beyond its illusory construct. Perpetuated by the 'information age' propagandists we were led to believe that an economy could be solely built upon a technologically oriented service sector. Factories were no longer needed within an economy based solely upon intellectual labor. The problems with this early nation-state competitive advantage centered model were three fold. First, it was myopically constrained to a nation-state centric advantage that never expanded across borders. Secondly, it failed to account for the unpredictable effects of human behavior within a tumultuous greed enhanced global society. Thirdly, as already conveyed, the competitive advantage of a technologically oriented service sector was too broad in scope to be maintained at the nation-state level.
But what mutated from this touted elegant distortion of reality was driven by the second factor, the uncontrollable greed educed by Laissez-faire religious tenants that encouraged human behavior contrary to the maintenance of sustainable and stable communities. Any behavior was permissible in the corruptly focused short-term greed addicted behavioral state. What evolved was a belief system built around the individual to the exclusion of the community a credo that any means was justified even the 'slash and burn' pillage of entire nation-states to fulfill the unquenchable desires of the few wealthy elite. Labor arbitrage became the 'club' of choice wielded by the 'strong arms' of an army of mercenary lobbyists fielded to sustain the wealthy fiefdom's ability to exploit workers by any means imaginable.
With so many interconnected messy threads weaving throughout our society, class consciousness, across unique behavioral responses to stimuli, and the turbulent at times dangerous physical world we inhabit it is abundantly clear that any economic theories must be conceived in the forge of reality. It is a reality that recognizes a simple requirement of all human beings - fairness. Without fairness or some form of equity, infused with equality the best conceived seemingly realistic policies will be nothing more than distorted illusion cloaked in a thin veil of reality. Human beings are very adept at perceiving whether certain aspects of their societal framework is fair, or slanted towards the interests of those ultimately in control. No amount of 'packaging' will deceive a community of citizens over the 'long haul' - this is aptly reflected in the current rejection by the general populous of the trickle down supply-side greed based economics benefiting the few practiced over the last few years.
Quakers believe that we are all our brothers keeper, that when we act in the best interests of our fellow human beings we serve the better interests of our communities. Thus, realizing that in order for a sustainable, stable economy to transpire we need to include everyone; those who desire or are suited to work in a vibrant manufacturing component, others who excel in a service sector intellectual or assistance driven component, and those who must be cared for by a compassionate community (government) because their unable to survive in either component of a competitively oriented sector of our economy. It is also important to integrate our nation-state economies into an 'International Economic Congress' whereby the interests of Capital (businesses) and Labor can be democratically resolved, and a coordinated oversight of all economically related endeavors can be achieved for the betterment of the entire global community. We are on the cusp of an appreciation that transcends any past global paradigm shift - our movement towards a sustainable, stable world community is very achievable. Let's make it happen.
Originally posted on my blog at:
http://structuraleconissues.blogspot.com/
Succumb to the immense pressure of the lobbyist companies in favor of the automakers he probably loose the great opportunity he has now to reshape the country and all this mess in to successfully and productive economy.
When I see Nancy Pelosi, Harry Reid, and all this lawmakers make pressure in favor of this incense policy instead have measure due to the big failure of the previous bailout they craft in the most irresponsible act of congress since the great depression. I have not doubt how much power this industries have.
In conclusion is time for real change instead throwing the money to the trash using this money for companies who already are dead because they fail to be competitive and productive.
I am not against these companies, I like the GMC Subaru, but in terms of competitiveness they are out of the market; they can’t compete in any way with his close competitors like Toyota or Honda. These two foreign automakers as an example invest a lot of money in this country, building lines of production that send to the market products made by Americans hard workers full of competitiveness among of quality and price.
By the way I just heard today this automaker from Detroit who are begin for government bailout using the taxpayer money, have a huge investment in the markets; they are bankers too, and they profited for a lot in this business, then now this is one of the reasons they are in troubles. They want easy money and they playing hard in the game of taking risk instead of made real changes in his line of production and adequate his products according to the new reality.
I just wondered if the new administration can resist such behavior and temptation instead made structural correction to the economy.
I hope Barack Obama don't loose the great opportunity he receive clearly form the people of this country and don't defraud the next generation of Americans who are watching very close what his going to do.
It's about time, let's see what happens
Percy H Florez
When I see Nancy Pelosi, Harry Reid, and all this lawmakers make pressure in favor of this incense policy instead have measure due to the big failure of the previous bailout they craft in the most irresponsible act of congress since the great depression. I have not doubt how much power this industries have.
In conclusion is time for real change instead throwing the money to the trash using this money for companies who already are dead because they fail to be competitive and productive.
I am not against these companies, I like the GMC Subaru, but in terms of competitiveness they are out of the market; they can’t compete in any way with his close competitors like Toyota or Honda. These two foreign automakers as an example invest a lot of money in this country, building lines of production that send to the market products made by Americans hard workers full of competitiveness among of quality and price.
By the way I just heard today this automaker from Detroit who are begin for government bailout using the taxpayer money, have a huge investment in the markets; they are bankers too, and they profited for a lot in this business, then now this is one of the reasons they are in troubles. They want easy money and they playing hard in the game of taking risk instead of made real changes in his line of production and adequate his products according to the new reality.
I just wondered if the new administration can resist such behavior and temptation instead made structural correction to the economy.
I hope Barack Obama don't loose the great opportunity he receive clearly form the people of this country and don't defraud the next generation of Americans who are watching very close what his going to do.
It's about time, let's see what happens
Percy H Florez
The Name's of The Fallen / Part 18 / Total Count as a today @ 6:03 PM 11/6/2008 4192 Soldiers are Dead / Names In Reverse order from: 4177 to 4192
4192 29-Oct-08 Private 1st Class Bradley S. Coleman 24 Martinsville VA
4191 29-Oct-08 Sergeant Scott J Metcalf 36 Framingham MA
4190 24-Oct-08 Private 1st Class Cody J Eggleston 21 Eugene OR
4189 23-Oct-08 Staff Sergeant Brian P Hause 29 Stoystown PA
4188 19-Oct-08 Lance Corporal Stacy A Dryden 22 North Canton OH
4187 16-Oct-08 Specialist Heath K Pickard 21 Palestine TX
4186 15-Oct-08 Specialist Justin A Saint 22 Albertville AL
4185 14-Oct-08 Specialist Christopher A McCraw 23 Columbia MS
4184 07-Oct-08 Sergeant Michael K Clark 24 Sacramento CA
4183 12-Oct-08 Specialist Geoffrey G Johnson 28 Lubbock TX
4182 11-Oct-08 Sergeant Reuben M Fernandez III 22 Abeline TX
4181 05-Oct-08 Colonel Michael R Stahlman 45 Chevy Chase MD
4180 05-Oct-08 Sergeant William P Rudd 27 Madisonville KY
4179 02-Oct-08 Private 1st Class Tavarus D Setzler 23 Jacksinville FL
4178 30-Sep-08 Private 1st Class Christopher A Bartkiewicz 25 Dunfermline IL
Total Count as a today @ 6:03 PM 11/6/2008 : : 4192 soldiers are dead
More Information please visit our data base: : The Name's of the Fallen
Or you can visit the DoD web site: : US DoD News Release
S T O P T H E W A R
Stop the War & Bring Troops Home
Percy H Florez
Congratulation to everybody
God Bless America
Percy H Florez
But you are members of the Joshua Generation. And it is now up to you to finish the work that they began. It is up to you to cross the river.When Joshua discovered the challenge he faced, he had his doubts and his worries. But the Lord told Joshua not to fear. He said, "Be strong and have courage, for I am with you wherever you go."
Those are the words I will leave you with today. Be strong and have courage. Be strong and have courage in the face of injustice. Be strong and have courage in the face of prejudice and hatred. Be strong and have courage in the face of joblessness and helplessness and hopelessness. Be strong and have courage, in the face of our doubts and fears, in the face of skepticism, in the face of cynicism, in the face of a mighty river. Be strong and have courage and let us cross over to that Promised Land together.
~Barack Obama (Washington, DC | September 28, 2007)
Those are the words I will leave you with today. Be strong and have courage. Be strong and have courage in the face of injustice. Be strong and have courage in the face of prejudice and hatred. Be strong and have courage in the face of joblessness and helplessness and hopelessness. Be strong and have courage, in the face of our doubts and fears, in the face of skepticism, in the face of cynicism, in the face of a mighty river. Be strong and have courage and let us cross over to that Promised Land together.
~Barack Obama (Washington, DC | September 28, 2007)
First, restore confidence Forget four years. In the first six weeks of his tenure, the new president's to-do list will include: Restoring a sense of public confidence that the country can meet and solve the financial challenges ahead. At campaign rallies, Obama already has quoted FDR's admonition that "the only thing we have to fear is fear itself." Guiding implementation of the financial industry rescue plan, including figuring out which toxic assets Treasury should buy from struggling institutions and how much to pay for them. The move to use $250 billion of the bailout to buy stakes in banks will put the government in the unfamiliar role of part owner of institutions that embody free-market capitalism. Beginning to revamp a regulatory structure largely built during the Depression so that it reflects the complexity of the current global financial system. Deciding whether and how to begin the drawdown of most U.S. combat forces from Iraq. Obama says he wants to complete the withdrawal in his first 16 months in office. McCain says a reduction is on the horizon but hasn't set a timetable. Responding to the urgent request this month by Gen. David McKiernan, the top commander in Afghanistan, for more U.S. troops there. Army Times reports that Gen. David Petraeus, who takes overall command of the region on Oct. 31, plans to deliver a report to the president in February after conducting a "top-to-bottom" review. Submitting the federal budget for fiscal 2010 to Congress in early February. It presumably will reflect the costs of the bailout plan and the revenue impact of the economic slowdown. Being prepared for terrorists to strike during the transition, a timing they have used before. The World Trade Center was bombed five weeks after President Clinton took office in 1993; the Madrid train bombings took place three days before national elections in Spain in 2004; car-bomb attacks were attempted in London and Glasgow days after a new British prime minister took office in 2007.
Republicans across the United States are getting into a lot of hot water these days for hate-based attacks on Barack Obama, and "tolerant" California is no exception. Earlier this week, the Sacramento County Republican Party and its chair, attorney Craig S. MacGlashan, caught some well-deserved flack for posting anti-Obama materials on the county GOP website including a call to "Waterboard Barack Obama" and a statement equating Obama with terrorist leader Osama bin Laden. Having removed the materials Oct. 14 in the face of sharp criticism from Republicans as well as Democrats, MacGlashan later found it necessary to apologize for the materials even as local Republicans called for his resignation. MacGlashan's wife, a Sacramento County supervisor, also condemned the materials, calling them "hateful, stupid and offensive."
Following these events in Sacramento another instance of hate-based Republican attacks on Obama was reported Oct. 16 in San Bernardino County east of Los Angeles. Here, an organization of Republican women circulated a newsletter including a depiction of Barack Obama on a US food stamp surrounded by a watermelon, ribs, and a bucket of fried chicken (pictured here). Diane Fedele, president of Chaffey Community Republican Women Federated, was also forced to apologize for the picture but denied any racist intent despite the obvious racial stereotypes included in it. As in the Sacramento case, state Republican officials were forced to condemn and disavow the San Bernardino attack.
There was a time, not so long ago, when Republicans could get away with hate campaigns like this, particularly on the local level free of national attention. Thanks to the internet, those days are gone.
Craig S. MacGlashan is an attorney with the Sacramento law firm of Nageley, Meredith, and Miller (8001 Folsom Boulevard, Suite 100, Sacramento CA 95826). The firm can can be contacted by telephone at (916) 386-8282 or by e-mail at mail@NMLawFirm.com. MacGlashan may be directly contacted for comment by telephone at the same number or by e-mail at cmacglashan@nmlawfirm.com. MacGlashan sits also on the board of directors of the Saramento Valley Lincoln Club, a conservative political action committee, and is married to Sacramento County Supervisor Roberta MacGlashan.
Diane Fedele and the Chaffey Community Republican Women Federated may be contacted by e-mail at diane1354@mindspring.com and diane1354@verizon.net, by telephone at (909) 981-0493, by fax at (909) 982-6880, or by mail at P.O. Box 974, Upland CA 91785. Chaffey Community Republican Women Federated meet the fourth Wednesday of every month, 7:00 p.m., at the Magic Lamp Inn, 8189 Foothill Blvd., Rancho Cucamonga CA 91730.
Mark C. Eades
http://www.mceades.com
October 14, 2008
An Open Letter to the American People,
This year's presidential election is among the most significant in our nation's history. The country urgently needs a visionary leader who can ensure the future of our traditional strengths in science and technology and who can harness those strengths to address many of our greatest problems: energy, disease, climate change, security, and economic competitiveness.
We are convinced that Senator Barack Obama is such a leader, and we urge you to join us in supporting hi m.
During the administration of George W. Bush, vital parts of our country's scientific enterprise have been damaged by stagnant or declining federal support. The government's scientific advisory process has been distorted by political considerations. As a result, our once dominant
position in the scientific world has been shaken and our prosperity has been placed at risk. We have lost time critical for the development of new ways to provide energy, treat disease, reverse climate change, strengthen our security, and improve our economy.
We have watched Senator Obama's approach to these issues with admiration. We espe cially applaud his emphasis during the campaign on the power of science and technology to enhance our nation's competitiveness. In particular, we support the measures he plans to take - through new initiatives in education and training, expanded research funding, an unbiased process for obtaining scientific advice, and an appropriate balance of basic and applied research - to meet the nation's and the world's most urgent needs.
Senator Obama understands that Presidential leadership and federal investments in science and technology are crucial elements in successful governance of the world's leading country. We hope you will join us as we work together to ensure his election in November.
Signed,
Alexei Arikosov Physics 2003
Roger Guillemin Medicine 1977
Peter Agre Chemistry 2003
John L. Hall Physics 2005
Sidney Altman Chemistry 1989
Leland H. Hartwell Medicine 2001
Philip W. Anderson Physics 1977
Dudley Herschbach Chemistry 1986
Richard Axel Medicine 2004
Roald Hoffmann Chemistry 1981
David Baltimore Medicine 1975
H. Robert Horvitz Medicine 2002
Baruj Benacerraf Medicine 19 80
Louis Ignarro Medicine 1998
Paul Berg Chemistry 1980
Eric R. Kandel Medicine 2000
J. Michael Bishop Medicine 1989
Walter Kohn Chemistry 1998
N. Bloembergen Physics 1981
Roger Kornberg Chemistry 2006
Michael S. Brown Medicine 1985
Leon M. Lederman Physics 1988
Linda B. Buck Medicine 2 004
Craig C. Mello Medicine 2006
Mario R. Capecchi Medicine 2007
Yoichiro Nambu Physics 2008
Martin Chalfie Chemistry 2008
Marshall Nirenberg Medicine 1968
Stanley Cohen Medicine 1986
Douglas D. Osheroff Physics 1996
Leon Cooper Physics 1972
Stanley ;B. Prusiner Medicine 1997
James W. Cronin Physics 1980
Norman F. Ramsey Physics 1989
Robert F. Curl Chemistry 1996
Robert Richardson Physics 1996
Johann Diesenhofer Chemistry 1988
Burton Richter Physics 1976
John B. Fenn Chemistry 2002
Sherwood Rowland Chemistry 1995
Edmond H. Fischer Medicine 1992
Oliver Smithies Medicine 2007
Val Fitch Physics 1980
Richard R Schrock Chemistry 2005
Jerome I. Friedman Physics 1990
Joseph H. Taylor Jr. Physics 1993
Murray Gell-M an Physics 1969
E. Donnall Thomas Medicine 1990
Riccardo Giacconi Physics 2002
Charles H. Townes Physics 1964
Walter Gilbert Chemistry 1980
Roger Tsien Chemistry 2008
Alfred G. Gilman Medicine 1994
Daniel C.Tsui Physics 1998
Donald A. Glaser Physics 1960
Harold Varmus Medicine 1989
Shel don L. Glashow Physics 1979
James D. Watson Medicine 1962
Joseph Goldstein Medicine 1985
Eric Wieschaus Medicine 1995
Paul Greengard Medicine 2000
Frank Wilczek Physics 2004
David Gross Physics 2004
Robert W. Wilson Physics 1978
Robert H. Grubbs Chemistry 2005
The views expressed in this letter represent those of the signers acting as individual citizens.
They do not necessarily represent the views of the institutions with which they are affiliated. The
Medicine award is for "Physiology or Medicine."
An Open Letter to the American People,
This year's presidential election is among the most significant in our nation's history. The country urgently needs a visionary leader who can ensure the future of our traditional strengths in science and technology and who can harness those strengths to address many of our greatest problems: energy, disease, climate change, security, and economic competitiveness.
We are convinced that Senator Barack Obama is such a leader, and we urge you to join us in supporting hi m.
During the administration of George W. Bush, vital parts of our country's scientific enterprise have been damaged by stagnant or declining federal support. The government's scientific advisory process has been distorted by political considerations. As a result, our once dominant
position in the scientific world has been shaken and our prosperity has been placed at risk. We have lost time critical for the development of new ways to provide energy, treat disease, reverse climate change, strengthen our security, and improve our economy.
We have watched Senator Obama's approach to these issues with admiration. We espe cially applaud his emphasis during the campaign on the power of science and technology to enhance our nation's competitiveness. In particular, we support the measures he plans to take - through new initiatives in education and training, expanded research funding, an unbiased process for obtaining scientific advice, and an appropriate balance of basic and applied research - to meet the nation's and the world's most urgent needs.
Senator Obama understands that Presidential leadership and federal investments in science and technology are crucial elements in successful governance of the world's leading country. We hope you will join us as we work together to ensure his election in November.
Signed,
Alexei Arikosov Physics 2003
Roger Guillemin Medicine 1977
Peter Agre Chemistry 2003
John L. Hall Physics 2005
Sidney Altman Chemistry 1989
Leland H. Hartwell Medicine 2001
Philip W. Anderson Physics 1977
Dudley Herschbach Chemistry 1986
Richard Axel Medicine 2004
Roald Hoffmann Chemistry 1981
David Baltimore Medicine 1975
H. Robert Horvitz Medicine 2002
Baruj Benacerraf Medicine 19 80
Louis Ignarro Medicine 1998
Paul Berg Chemistry 1980
Eric R. Kandel Medicine 2000
J. Michael Bishop Medicine 1989
Walter Kohn Chemistry 1998
N. Bloembergen Physics 1981
Roger Kornberg Chemistry 2006
Michael S. Brown Medicine 1985
Leon M. Lederman Physics 1988
Linda B. Buck Medicine 2 004
Craig C. Mello Medicine 2006
Mario R. Capecchi Medicine 2007
Yoichiro Nambu Physics 2008
Martin Chalfie Chemistry 2008
Marshall Nirenberg Medicine 1968
Stanley Cohen Medicine 1986
Douglas D. Osheroff Physics 1996
Leon Cooper Physics 1972
Stanley ;B. Prusiner Medicine 1997
James W. Cronin Physics 1980
Norman F. Ramsey Physics 1989
Robert F. Curl Chemistry 1996
Robert Richardson Physics 1996
Johann Diesenhofer Chemistry 1988
Burton Richter Physics 1976
John B. Fenn Chemistry 2002
Sherwood Rowland Chemistry 1995
Edmond H. Fischer Medicine 1992
Oliver Smithies Medicine 2007
Val Fitch Physics 1980
Richard R Schrock Chemistry 2005
Jerome I. Friedman Physics 1990
Joseph H. Taylor Jr. Physics 1993
Murray Gell-M an Physics 1969
E. Donnall Thomas Medicine 1990
Riccardo Giacconi Physics 2002
Charles H. Townes Physics 1964
Walter Gilbert Chemistry 1980
Roger Tsien Chemistry 2008
Alfred G. Gilman Medicine 1994
Daniel C.Tsui Physics 1998
Donald A. Glaser Physics 1960
Harold Varmus Medicine 1989
Shel don L. Glashow Physics 1979
James D. Watson Medicine 1962
Joseph Goldstein Medicine 1985
Eric Wieschaus Medicine 1995
Paul Greengard Medicine 2000
Frank Wilczek Physics 2004
David Gross Physics 2004
Robert W. Wilson Physics 1978
Robert H. Grubbs Chemistry 2005
The views expressed in this letter represent those of the signers acting as individual citizens.
They do not necessarily represent the views of the institutions with which they are affiliated. The
Medicine award is for "Physiology or Medicine."
The only plausible think the government has to do is CLOSE the market for at least one week until they decide declare the country economy in recession and take the necessary approach to handle this economic overturn.
Percy H Florez
Percy H Florez
The Name's of The Fallen / Part 16 / Total Count as a today 5/25/2008 4177 Soldiers are Dead / Names In Reverse order from: 4158 to 4177
4177 9/29/2008 Specialist Christopher T. Fox 21 Memphis TN
4176 9/27/2008 Private 1st Class Jamel A. Bryant 22 Belleville IL
4175 9/24/2008 Captain Michael J. Medders 25 Ohio OH
4174 9/25/2008 Staff Sergeant Ronald Phillips Jr 33 Conway SC
4173 9/23/2008 1st Lieutenant Thomas J. Brown 26 Burke VA
4172 9/14/2008 Chaplain (Col.) Sidney J. Marceaux Jr 69 Beaumont TX
4171 9/21/2008 Staff Sergeant Matthew J. Taylor 25 Charleston SC
4170 9/18/2008 1st Lieutenant Robert Vallejo II 28 Richland Hills TX
4169 9/18/2008 Corporal Michael E. Thompson 23 Harrah OK
4168 9/18/2008 Chief Warrant Officer Brady J. Rudolf 37 Oklahoma City OK
4167 9/18/2008 1st Sergeant Julio C. Ordonez 54 San Antonio TX
4166 9/18/2008 Sergeant Anthony L. Mason 37 Springtown TX
4165 9/18/2008 Sergeant Daniel M. Eshbaugh 43 Norman OK
4164 9/18/2008 Chief Warrant Officer Corry A. Edwards 38 Kennedale TX
4163 9/17/2008 Captain Darrick D. Wright 37 Nashville TN
4162 9/17/2008 Private 1st Class Leonard J. Gulczynski I 19 Carol Stream IL
4161 9/14/2008 Lt. Colonel Ralph J. Marino 46 Houston PA
4160 9/14/2008 Sergeant Wesley R. Durbin 26 Hurst TX
4159 9/14/2008 Staff Sergeant Darris J. Dawson 24 Pensacola FL
4158 9/15/2008 Sergeant 1st Class Daniel R. Sexton 53 Wentzville MO
Total Count as a today @ 5:50 PM 10/2/2008 : : 4177 soldiers are dead
More Information please visit our data base: : The Name's of the Fallen
Or you can visit the DoD web site: : US DoD News Release
S T O P T H E W A R
Stop the War & Bring Troops Home
Percy H Florez
They said:
If the bailout does not pass the people are going to loose the money in his bank accounts.
FALSE: THEY ARE INSURED BY THE FDIC (Federal Deposit Insurance Corporation)
If the bailout does not pass is the end of the world, it’s a financial catastrophe.
FALSE: nothing like that is going to happen because this crisis is a failure of CORRUPTED financial institutions and they are small in number compare with those who are playing by the rules.
If the bailout does not pass the economy are going to sink in to a deep recession.
FALSE: This is another argument they use to hidden the real true and scare the people in “MAIN STREET”. This economy of this country is “IN CONTRACTION STATUS”, this means the power of acquired good for the people every day is less than before. This could be corrected with a good and strong policies reinforcing the INCOME of every American and reinforcing this sectors of the economy that are capable to generate more employment. A good example could be investing this 700 billion in infrastructure around the nation.
If this bailout does not pass you can not get loans to buy house, cars and you can loose your credit card.
FALSE: One of the main problems of this crisis is THE ABUSE and the BAD USE of the credit. They buy houses they couldn’t afford to pay. They buy cars they couldn’t afford to pay. They misused his / her credit card and they couldn’t afford to pay. All this happen for the ambition and mismanaged of the CEOs of this corrupted bankers or institutions.
So what kind of bailout (CORRECTION) would be this, if this money go again to the market with the same purpose as is the mantra of the government and the lawmakers who are supporting this legislation.
Moreover if you want a loan and have a good credit and you can afford and pay your debts do so, but if not, don’t do it!
If this bailout does not pass the entirely banking system are going to crash and people in Main St., are going to suffer for a lot!
FALSE: As I said before, this particular crisis can be solving by the market as is. In this country there are very serious banking institutions that are capable to absorb the failure of the others in a very intelligent manner without compromising his capital.
Bank of America, JP Morgan and other banks are a good example and they will be very happy receiving those people looking loans for homes, cars, boats and credit cards!, working people who are capable and can afford to pay on time his bills.
These bailouts has to pass, to secure more liquidity to the banking systems buying his negative assets and generate the reactivation of the economy, them people in Main St., can get more loans of any kind.
FALSE: The economy of this country is IN CONTRACTION STATUS, people can afford pay his bill because the power of the dollar is less than before. Essentially this MODEL can’t afford print more dollars with the deficit the country had. Actually the difference between this country and countries around the world less wealthy is his ability to PRINT MONEY. This NEGATIVE economic behavior is the main concern of economists around the world. I have no doubt Mr. Paulson and Mr. Bernanke know very well about it, but they prefer to buy time instead to try and get the right solution for this crisis.
If this bailout does not pass the economy could be worsened
TRUE: The economy will be worsened but not because the bailout could be pass or not. The economy is in a bad shape and the solution has to come with a structural correction of the deficit and a best economic practice with the conscientious study of the factors that are generating this contraction in the economy and come up with good, reliable and stable economic practice solutions.
People must remember this on November 4 and remove this politician with the "POWER OF THE VOTE"
Percy H Florez
If this bailout does not pass the economy could be worsened
TRUE: The economy will be worsened but not because the bailout could be pass or not. The economy is in a bad shape and the solution has to come with a structural correction of the deficit and a best economic practice with the conscientious study of the factors that are generating this contraction in the economy and come up with good, reliable and stable economic practice solutions.
People must remember this on November 4 and remove this politician with the "POWER OF THE VOTE" Percy H Florez
These bailouts has to pass, to secure more liquidity to the banking systems buying his negative assets and generate the reactivation of the economy, them people in Main St., can get more loans of any kind.
FALSE: The economy of this country is IN CONTRACTION STATUS, people can afford pay his bill because the power of the dollar is less than before. Essentially this MODEL can’t afford print more dollars with the deficit the country had. Actually the difference between this country and countries around the world less wealthy is his ability to PRINT MONEY. This NEGATIVE economic behavior is the main concern of economists around the world. I have no doubt Mr. Paulson and Mr. Bernanke know very well about it, but they prefer to buy time instead to try and get the right solution for this crisis.
People must remember this on November 4 and remove this politician with the "POWER OF THE VOTE" Percy H Florez
If this bailout does not pass the entirely banking system are going to crash and people in Main St., are going to suffer for a lot!
FALSE: As I said before, this particular crisis can be solving by the market as is. In this country there are very serous banking institutions that are capable to absorb the failure of the others in a very intelligent manner without compromising his capital. Bank of America, JP Morgan, and other banks who are trembled with this financial crisis, they would be very happy good people come to his office requesting loans for homes, cars, boat and credit cards!, the only concern is that they want people who are capable and can afford to pay his loans.
People must remember this on November 4 and remove this politician with the "POWER OF THE VOTE" Percy H Florez
If the bailout does not pass the economy are going to sink in to a deep recession.
FALSE: This is another argument they use to hidden the real true and scare the people in “MAIN STREET”. This economy of this country is “IN CONTRACTION STATUS”, this means the power of acquired good for the people every day is less than before. This could be corrected with a good and strong policies reinforcing the INCOME of every American and reinforcing this sectors of the economy that are capable to generate more employment. A good example could be investing this 700 billion in infrastructure around the nation.
People must remember this on November 4 and remove this politician with the "POWER OF THE VOTE" Percy H Florez
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