http://washingtonindependent.com/5325/candidates-ignore-credit-crunch National News in Context Thu, 26 Nov 2009 01:59:55 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://washingtonindependent.com/5325/candidates-ignore-credit-crunch/comment-page-1#comment-38295 Ardie Sun, 14 Sep 2008 04:01:59 +0000 http://www.washingtonindependent.com/?p=5325#comment-38295 Greenspan gave out cheap credit to the tune of 1% in 2003. People speculated with it, and derivatives grew and grew like mold in a basement. Greenspan helped create a bubble with the 'easy credit'. If he had simply jacked up the interest rates to about 6%, that would have ended the bubble and we would not be facing this problem. It would have stopped oil speculation, also. The best policy of the Fed is to radically increase interest rates 25 basis points every quarter until it gets up to 6%. In the meantime money will leave the commodities and chase the interest rates. Next, Congress has to bring back the revenue tariff sufficient to shift the personal income tax exemption from 3,400 to 20,000. This will boost demand. As the demand is boosted Congress should see to it that all labor arbitraging comes to an abrupt halt. This will create new jobs and add more revenue to governments to pay off the huge debt. My method is spot on. Bismarck once did it, and it created the great German economy of the 19th century. It is too bad we have such boneheads for economists who believe free-trade and credit are the answers to our economic woes. They ain't. Greenspan gave out cheap credit to the tune of 1% in 2003. People speculated with it, and derivatives grew and grew like mold in a basement. Greenspan helped create a bubble with the 'easy credit'. If he had simply jacked up the interest rates to about 6%, that would have ended the bubble and we would not be facing this problem. It would have stopped oil speculation, also. The best policy of the Fed is to radically increase interest rates 25 basis points every quarter until it gets up to 6%. In the meantime money will leave the commodities and chase the interest rates. Next, Congress has to bring back the revenue tariff sufficient to shift the personal income tax exemption from 3,400 to 20,000. This will boost demand. As the demand is boosted Congress should see to it that all labor arbitraging comes to an abrupt halt. This will create new jobs and add more revenue to governments to pay off the huge debt. My method is spot on. Bismarck once did it, and it created the great German economy of the 19th century. It is too bad we have such boneheads for economists who believe free-trade and credit are the answers to our economic woes. They ain't.

]]> http://washingtonindependent.com/5325/candidates-ignore-credit-crunch/comment-page-1#comment-6430 Ardie Sat, 13 Sep 2008 23:01:59 +0000 http://www.washingtonindependent.com/?p=5325#comment-6430 Greenspan gave out cheap credit to the tune of 1% in 2003. People speculated with it, and derivatives grew and grew like mold in a basement. Greenspan helped create a bubble with the 'easy credit'. If he had simply jacked up the interest rates to about 6%, that would have ended the bubble and we would not be facing this problem. It would have stopped oil speculation, also. The best policy of the Fed is to radically increase interest rates 25 basis points every quarter until it gets up to 6%. In the meantime money will leave the commodities and chase the interest rates. Next, Congress has to bring back the revenue tariff sufficient to shift the personal income tax exemption from 3,400 to 20,000. This will boost demand. As the demand is boosted Congress should see to it that all labor arbitraging comes to an abrupt halt. This will create new jobs and add more revenue to governments to pay off the huge debt. My method is spot on. Bismarck once did it, and it created the great German economy of the 19th century. It is too bad we have such boneheads for economists who believe free-trade and credit are the answers to our economic woes. They ain't. Greenspan gave out cheap credit to the tune of 1% in 2003. People speculated with it, and derivatives grew and grew like mold in a basement. Greenspan helped create a bubble with the 'easy credit'. If he had simply jacked up the interest rates to about 6%, that would have ended the bubble and we would not be facing this problem. It would have stopped oil speculation, also. The best policy of the Fed is to radically increase interest rates 25 basis points every quarter until it gets up to 6%. In the meantime money will leave the commodities and chase the interest rates. Next, Congress has to bring back the revenue tariff sufficient to shift the personal income tax exemption from 3,400 to 20,000. This will boost demand. As the demand is boosted Congress should see to it that all labor arbitraging comes to an abrupt halt. This will create new jobs and add more revenue to governments to pay off the huge debt. My method is spot on. Bismarck once did it, and it created the great German economy of the 19th century. It is too bad we have such boneheads for economists who believe free-trade and credit are the answers to our economic woes. They ain't.

]]> http://washingtonindependent.com/5325/candidates-ignore-credit-crunch/comment-page-1#comment-6346 Theresa Fri, 12 Sep 2008 04:01:17 +0000 http://www.washingtonindependent.com/?p=5325#comment-6346 I absolutely agree. The average person can go to the candidates' website and try to navigate the lingo of what a candidate will do. But I thought the "free press" was our weapon against any government that would be corupt. These, so called reporters and the washington establishment are all buddies. They spend our time talking about "lipstick on a pig" and the games these politicians play with the American people's lives. Why aren't there economist, educators, generals, business leaders and policticans sitting on these 24 hour news shows picking apart the plans and policies of the candidates to give the American people a real chance at making a good decision. Instead we watch news shows that resemble entertainment shows giving the latest gossip for washington insiders. I absolutely agree. The average person can go to the candidates' website and try to navigate the lingo of what a candidate will do. But I thought the “free press” was our weapon against any government that would be corupt. These, so called reporters and the washington establishment are all buddies. They spend our time talking about “lipstick on a pig” and the games these politicians play with the American people's lives. Why aren't there economist, educators, generals, business leaders and policticans sitting on these 24 hour news shows picking apart the plans and policies of the candidates to give the American people a real chance at making a good decision. Instead we watch news shows that resemble entertainment shows giving the latest gossip for washington insiders.

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