We got one of the dumbest Presidents in a long time. 1) Giving state money to study ants or other crap does not create jobs nor does it stimulate the economy. (What should be done is spend money on rebuilding the roads and highways of America which creates both jobs and stimulus). 2) Telling banks not to not party in Las Vegas, does not create stimulus or jobs, it reduces both. 3) Putting a 6 month freeze on drillers destroys jobs and stimulus especially to a region that is going to lose jobs fishing. 4) Giving banks money but not requiring they lend it out to people who are going to use it to buy homes or support businesses does not create jobs or stimulate the economy. 5) Having the company that was so unsafe and stupid in causing the oil problem in the 1st place, trying to plug the hole, does not work.
1) I am not "paid by the word" nor "by the hour". 2) Brevity, conciseness, terseness, getting-to-the-pointness and wordy-ness are more "valuable".
While there is ink and paper they can go on printing money until it becomes worthless - like Zimbabwe Trying to stimulate Western economies is like giving the pensioners viagra. They have done their bit and are now out of time and energy. Just a pity a lot of the kids nowadays are overweight and useless. Too many big macs and soppy parenting imho
Some very fundamental questions need to be asked urgently For instance Are the present political and economic systems still fit for purpose ? Can any of the world's religions offer what's needed ? Competition around the world will hot up in the coming decades - can the present systems deliver ?
Agree with all but #3, as I understand the freeze is only on deep water drilling with is a very conservative action. The gulf would be screwed if we had two BP's happen at the same time. And it would be foolish to continue deep water drilling until they figure out how to fix the problem we now have. My guess is they should require one or two relief wells to be drilled at the same time, this would stimulate the economy.
1) No. Anything credit-based will fail in the long run. 2) No. Religion is for illiterate people. Islam could potentially have value with its emphasis on not charging people interest on loans but taking an equity stake in a borrower's business as alternative payment. 3) No. More competition means more deflation. Everybody can suffer together.