WHEN THE HOUSE GOES TO THE FOXES.
Obama passed a pseudo stimulus package of around 800 billion dollars. Some of it was fake, such as the AMT adjustment(a standard part of the Fed budget), some was running in place: such as money sent to states that are cutting their own spending. Best example: 50 billion dollars of the Federal stimulus is sent to California, at the time when California state budget went into a deep freeze (thousands of California state projects were stopped, all employees were told to stay home, and not be paid one Friday out of two; starting July first, it's three days with no work and no pay, almost two months worth of salary, and work, a year, now reduced to zero, and the pitiful Obama stimulus cannot stop that non sense).
Moreover, the Obama "stimulus" spent so far is about 50 billion dollars. China's stimulus was about 500 billions, but three quarters of it has been spent, and it's on real infrastructure.
By comparison, Goldman Sachs, through TARP money sent to AIG, got a gift of 13 billion dollars from the proverbial "taxpayers", the government of the USA, in the name of the American People. Question: what does Goldman Sachs make? What employment does it support? For example, Boeing makes planes. Goldman Sachs makes transactions, as many as possible, and then extracts a cut for each. It does not make anything real, let alone anything that would help people. Goldman Sachs has been about greasing the wheels for so long, there are not more wheels, only grease.
When FDR was president the Federal budget was a very small part of GDP (this changed only with World War Two) . So FDR could do little, but to legislate very creatively and very boldly and intelligently, and all of that he did.
Obama, by contrast, controls a huge part of the GDP, but he gave most of this control to the dim witted foxes he put in charge of watching the hen house (see above: 50 billion stimulus, so far, 13 billion for Goldman Sachs alone, if not more through the central bank secret operations). Obama can do a lot, but, as long as he puts the profiteers in charge of not changing the system, all he can show is the profiteers profiteering again, as he boasts of regularly on TV, as if he accomplished something important. Well, maybe important to him.
Just two examples from France: the government there has decided to create a gigantic fast automatic 24/7 train in an immense eight connecting all four of Paris airports and business districts and central hubs. Cost: 50 billion dollars. Work on four new high speed train lines is proceeding. The high speed train line through the "metropolises" of the French Riviera (Marseilles-Toulon-Cannes-Nice) was decided this week. It will be underground a lot, so it's immensely expensive: 30 billion dollars. Next generation nuclear reactors are also being built. And so on. That is what one calls really stimulating.
Eco-nomy means house-management. It does not mean profiteering from the house. As long as Obama puts financiers (Summers, Geithner, and various other mental gnomes from Goldman Sachs) in charge of managing the house, they will keep on stealing it. That's all they know. For a fox, the essence of intelligence is killing chicken.
House-management is fundamentally not about money. Money helps to motivate the children, and keep tabs on their activities, but rather it's just a way to help, not the essence of the thing. The essence is productive work. It's for the People and its democratically elected government, guided by the deepest thinkers to decide what productive work is, it is not the business of the money swindlers.
Such is Obama's mistake, and it could all end very badly, if he does not correct this in time.
I know someone with a PhD who works as an quality control inspector overseeing the Food and Drug Administration. She informed me an hour ago that all her portion of the overseeing system she works for will be cancelled in September. Meanwhile Mr. Obama is stimulating the Afghans by killing and terrorizing a lot of them. Change you can sneer by.
Patrice Ayme
http://patriceayme.wordpress.com/
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