At what point can we start to fix this?

Question

I have been watching this thing unfold like most everyone else. It would appear to me that we are trying to pull off a really wild stunt. If you can imagine trying to repair a machine while it is running, say a blender for example. It seems that with the housing market, stock market, and overall economy crashing, we might need to let if stop moving before we do something that might get us hurt even more, or make the thing even worse. For example using a wrench to fix a blender makes sense, but not while the blade is still spinning. I know hitting the bottom would be painful, but haven't we been there before and came out of it? Some of the stuff our elected officials are doing in an attempt to fix this is really scary. At the end of all this might we ask ourselves if we wouldn't have been better of to hit bottom than to have our lives run by the government. Even in the face of less tax collection due to fewer taxable citizens, due to job losses, our government is increasing spending on our yearly budget? Even if you can rationalize the stimulus bill you certainly can not rationalize increases in a yearly budget. The math just does not add up.

Is my logic flawed in some way?

I don't want to talk about who is at fault or who is to blame. The fact is that we are right here right now, and who or what got use here is irrelevant.

Anonymous · Accepted Answer

Good question.

Let the blender stop first!

Anonymous · Answer

The problem is not taxes even though republicans would like you to believe it is. They believe and like to sale the idea that higher taxes on the rich is bad for America. They ignore the fact that higher taxes on the rich does pay for things and its nowhere near a burden to those rich people. Most of them rich people will be millionaires, or in some cases .. billionaires, until the day they die regardless of how much we tax them. This is also the largest tax base, as far as dollar amount goes, that we have in America. That is somethign else that is being ignored. Taxes themself are not the problem, the problem is who we are taxing.

As for the markets, the markets are crashing because many corporations are failing. The corporations are failing because corporations are miss-managing their money and day-to-day operations. The coroporations and the ceos of these corporations are mostly to blame for the state the market is in not our President, Previous president, or the American people.

Now the recovery act, aka stimulus.  There is lots of good stuff in this, so why people, mostly those on the right, have a serious problem with it just makes no sense. For example, 288 billion of the recovery act, or around 38%, is going to tax cuts .. something the republicans prior to Obama being elected said we needed. Now out of the blue people have an issue with tax cuts? Amazing. 

In addition, tax cuts do not add to a deficit. Tax cuts is not spending. Tax cuts are taking in less revenue from the base you are taxing or once was. Tax cuts are not government programs, departments, agencies, etc.. things that need to be paid on.

The recovery act aka stimulus is not to blame for the state our economy is in. Our economy started tanking long before the recovery act became law.

reinadelaz · Answer

There is not going to be a fix that is acceptable to the majority of the American people. The government is making a mad scramble to do something, anything because they have no idea how to undo the decades of bad policy which led to this debacle. They have been selling out the middle class of this nation, incrementally, for a long, long time. They never imagined there would be repercussions for the rich doing it. How could they have imagined that they could send all our well-paying jobs overseas and we would still have purchasing power which could allow them to profit is beyond my understanding and shows that the motivation has always been short-sighted greed.  They will spend here and there in an effort to make us believe things are going to get better, but you are witnessing the fall of a once great nation. We will be 3rd world before it is all over, and we will call China Daddy.

Anonymous · Answer

Your logic is not flawed, in fact it's most wise.

You should talk about who's at fault, and the logical answer to that is a very corrupt US government is at fault. The best thing that the so-called government should be doing is absolutely nothing, and let the free market straighten itself out.

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At what point can we start to fix this?

4 Answers