Is This a Plan?

While I’m off, I’m starting to catch up on some reading & saw this on the March 10 Opinion page of The Oakland Press:

Let me see if I have this right.

Our economy is in a mess because: People borrowed too much money and spent too much money; bankers lent too much money based on too little value; greedy financial wizards created meaningless credit defaults that they swapped for more money (lots more); and consumers were encouraged to borrow and spend more money (lots more).

Now, to fix this crisis: Government will borrow more money (lots more) and spend it; government will give more money (lots more) to banks so they can lend more money to people (who now have even less value than they did before, because the economy is in a mess); government wizards will create meaningless earmarks and put more money (lots more) in them; and consumers will be encouraged to borrow and spend again.

Would someone please explain how this plan will fix our messed-up economy? I just can’t seem to figure it out.

Tom G., Rochester Hills, MI

I think there are a lot of people asking the same questions, and why the current Administration is receiving a failing grade from leading economists.

And no, I didn’t write it, although I wish I did.

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About Tom Roland

EE for 25 Years, Two Patents - now a certified PMP. Married twice, burned once. One son with Asperger's Syndrome. Two cats. Conservative leaning to the Right. NRA Life Member.
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7 Responses to Is This a Plan?

  1. The borrow and spend cycle is self-perpetuating and destructive.

    At some point, the money “runs out.”

  2. Seane-Anna says:

    No, it’s NOT a plan, but Obama and ilk think it is. That’s what’s so scary.

  3. LASunsett says:

    Tom, I have struggled with this concept for a long time now. It truly defies any logic and makes me think it was conceived after ingesting lysergic acid diethylamide, and then listening to Pink Floyd’s Umma Gumma LP. More specifically, the song that is titled Several Small Species Of Small Furry Animals Gathered Together In Cave Grooving With A Pict.

    I know, I know. That’s way out there. But so’s this garbage we are forced to endure from our government. 🙄 (Sigh)

  4. Tom says:

    AOW – The best analogy that I have is a leaky radiator. Sooner or later, the fluid runs out, and the engine seizes. We have a leaky radiator, and a mechanic that is too stupid to figure out how to patch the leak.

    Seane-Anna – This is the same stuff that Japan tried, and it took them over a decade to get their economy straightened out.

    LA – Almost sounds like you’ve had some personal experience…but that’s presuming waaaaay too much. But then again, the way that the “leaders” in government are treating this does make the sane people think that these people are on something besides a power trip.

  5. Mustang says:

    Yes Tom, it is becoming a widely known fact that Mr. Sunset has numerous bizarre experiences in his past, primarily because he continues to have muttered conversations with himself, interspersed with fits of unbridled laughter, and because he refuses to take off his Pink Floyd sweatshirt. But, he is improving now and we have our fingers crossed.

    The quoted commentary should have asked, “When has government ever provided a proper solution to any serious social or economic problem?” I believe that people know the truth about government (and themselves), but most live in a state of denial until this truth smacks them in the face. Our congress is corrupt; our administration is corrupt and inept, and the people who put politicians into these positions — who reelect them term after term — did more than any other to create our problem.

    In his more lucid moments, Sunset argues that we need to vote these scums out office, even if we temporarily replace them with nitwits; no matter whom we elect, they cannot possibly be worse than we have right now. And this is the message I think all of us should be working on in advance of the 2010 election cycle.

  6. Joe says:

    I find nothing but fault in this logic.

    But some people seem to think it makes good sense.

    Makes me wonder about some people.

  7. Tom says:

    Mustang – Maybe so, but you do have to admit that his heart is in the right place.

    Government as it exists now is to justify its own existence by making itself indispensable for the masses. The masses don’t believe this, and that’s part of the reason we are in this economic mess. Unfortunately, exchanging the scum for nitwits probably won’t help.

    Joe – Common sense has left the building, and the inmates are running the asylum.

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