Everybody and their uncles seems to have a solution for the global economic crisis. There are literally as many roads to recovery as there are politicians. All of these roads have one thing in common, whether the road is a liberal solution or a conservative one. They all are too simplistic.
A case in point: Fred Thompson, a Republican Presidential-wannabe, who appears to be gearing up for a run at the nomination in 2012 already, offers his solution in a very interesting sound bite here. But that is all it really is. Just a good media piece, bot a real plan for recovery,although he does make one very good point.
Thompson says that the problem is that this country, both the administration and the populace as a whole, has been living high on the hog using borrowed money and we have been doing that for quite some time. I certainly agree with that. 100 per cent.
Thompson goes on to say that the liberal solution to the economic crisis is more spending of money we don’t have. He says the purpose of any proposed economic stimulus package is to encourage us to spend, spend, spend. The implication here is that this spending will be more or less on frivolities – more conspicuous consumption. That may be true if you are in the same economic bracket as Fred, but for most working class Americans, those stimulus checks will help get the mortgage caught yup, pay the utility bills, buy new clothes or the kids, or, if we have been lucky, allow us to save some of it for an emergency – if there is anything more of an emergency than our present economic situation. Read the rest of this entry »
