Just because regulatory authorities and regulations were not up up to speed in the recent past does not mean that the US Government should be given the reigns to create its economy as well... What it can do.....is to provide the most favorable climate possible for creativity and innovation....by the private sector.... The government cannot attempt various forms of "maintaining house prices" period..... The private sector will create these prices...at delevered levels.... ...................................................................................................... The government cannot replace the trillions that have just been lost....and they should not think that monetary dilution is going to be helpful.... ................................................................................................... Or does one suppose that the government has hidden away the true creative and innovative people until needed such as times like these ? ................................................................................................. Every function has waves....both up and guess what "DOWN" as well.... If the wave was levered to the upside....it will be levered to the downside.....This is inevitable.... What the government is currently discussing amounts to extending the time length of the downward wave versus allowing for a sharp downward wave much shorter in duration.... ................................................................................................... The expensive blame games need to end along with the associated politics.... Thus allowing the next "upward wave" to form..... .................................................................................................. The best way to replace what will be over $70 Trillion in valuation losses....is to spur valuation by regulation on a long term "not bandaid" basis.... And even creating an annual deficit of $10 Trillion is not going to replace over $70 Trillion in lost valuations.... ............................................................................................... In Japan, a whole segment of retirees were made expendable...."for the supposed good of Japan"..... The same is happening in the US.... To many retirement is just another Merrill/Bank scare tactic sales pitch.... No one is owed a retirement or anything else for that matter.... ................................................................................................. Helpful Regulations 1) Rating agencies..... Had the causal securites been rated CCC which should have been the case....Not only the US, but the world would never have been put in the position that it is currently in.... And do note this....not one single benefactor of this massive fraud has been put in jail....not one.... Too big to FAIL ? How about too big to JAIL ? The securities information should be replaced with an internet based Wiki system available to the public...with boilerplate worldwide requirements.... 2) New Worldwide Direct Access Stock Market Establish new worldwide boilerplate entry and timely internet basic information in a Wiki format.... All mutual/hedge funds must list on an exchange and only trade listed instruments.....Liquidity and visibility would be reflected as a simple stock price....The accredited investor rule needs to be eliminated.....These are just "active management units".... 3) Banks.....must loan locally.....and personally know their customers.... Accountability.....All corporate board members and officers will have unlimited liability.... 4) Structural tax changes.... The US must enact a 10% consumption tax only....and this must be permanent with no other taxes.... A $1 passed through the truly innovative capitalistic system is the same as passing a $100 through government to get the same job done....... .................................................................................. Simply implementing the above would save the US/World more than 20 years in the rebuilding phase than what what is currently being discussed.....and cost many $Trillions less to implement....
If you can come up with good ideas then others can come up with good ideas. People in positions of power and wealth put many good ideas on the table, some of which have been tried, true and successful, so why aren't these ideas implemented or changes taken in the first place? I suppose for the sake of progress. whatever that is. There must be some national conflict on a higher level with what needs to be done and the inaction. Too many people have too much invested in what doesn't work.
http://seekingalpha.com/article/113860-the-stimulus-plan-is-starting-to-stink Stinking already..... Maybe the US Govt. should start letting loose some of those creative and innovative individuals from their "rescue econ dept." that they only let loose on such econ occasions such as today offers...Too funny....
Maybe, just maybe, the ideas implemented are accomplishing exactly what the people in positions of power want. Maybe everything is going according to plan, as intended. Actions speak louder than words. The actions paint a clear picture. The words just confuse and paint illusions. It's obvious what is going on.