Thanksgiving Day. A few thoughts about our current Economy.

Well here it is thanksgiving and we watch the Macy's parade, hopefully we have something to eat and a family to eat it with. And though Obama's plan isn't perfect and hasn't solved all our problems, I believe he is off to a good start. Well It's funny isn't it that if you talk to the republican party you would not think we were doing well at all. If fact they seemed convinced that we are headed for worse. Let's hope not, but it won't be because they tried to work with the President or help at all. Let's all keep in mind the last three out of four administrations were republican. The republican party had congress since 1994 until 2006 and somehow this is all Obama and the Democratic Party's fault? Rep Mike Pence (R Ind.) says ""In the city and on the farm, as millions of American families struggle to balance their checkbooks this holiday season, they watch in astonishment as Washington spends billions of dollars it doesn't have," he said." Full story here. Yeah and why wasn't this what you were saying as Bush and Co. were spending us into the hole we are in? All of a sudden this is Obama's responsibility? Well he is accepting it and it will take time to fix. We been doing it the republican way for a few decades now and see where it got us? The fact of the matter is to say you are spending billions you don't have is disingenuous since the money is based on the good name of the U.S. and the Government is the one literally making the money. So it's kind of all 'funny money' to begin with. In a consumer driven economy, if the consumers aren't buying someone needs to fill that gap. That someone is Uncle Sam. It doesn't matter how many tax breaks you got or how cheap you can make stuff offshore or whatever. If you have no one to buy your stuff you aren't going to sell anything. So we need the stimulus and we need to use it to put people to work. We need the modern equivilent of the CCC and other work programs from the 30's. The Socialist safety net works and has saved Capitalism from itself before. It can do it again. See this.