Larry: I agree that most Republicans (at least the ones we see on TV) have become "Democrat Light" (or "Democrats in Drag" as I like to call them). We haven't had a real conservative since Reagan. Any yes, "Reaganomics" or "Real Americanism works." When taxes are cut and government regulations are removed, America will leave the rest of the world in the dust. Reagan took the disabled economy created by Jimmy Carter and his leftist Democrat buddies, cut taxes and took America to the status of Superpower singularity.
Now we have Jimmy Carter II on steroids! God help us! We need another Reagan! |
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---jerry6593 on 7/19/09 |
Yes I know how to fix the economy.
2 Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways, then will I hear from heaven, and will forgive their sin, and will heal their land.
America is being destroyed because it has turned from God and it is not the secular America that has brought this but the Christian America. They want the things of the world in their churches, They have committed the Abomination of desolation, offering filthy things of the flesh to God instead of spiritual things. They reject the Holy Spirit and the Gospel replacing it with entertainment. They honor him with their lips and reject him in their hearts. |
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---exzucuh on 7/19/09 |
Larry, there is much more to this than meets the eye. CIT will not get bailout funds because their main competitor is GE. Research the relationships and interconnections of GE and the Obama administration and liberal causes in general.
It was the same story with letting Lehman Brothers go under. Their main competitor was Goldman Sachs who did get bailout money after being allowed to declare themselves a bank holding company. Research how many former Goldman Sachs executives hold top treasury and government positions going back to the Bush years. Hank Paulson tops the list. Interestingly, our NJ Governor Jon Corzine also came from Goldman. He is about to be thrown out of office in November's election. |
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---ralph7477 on 7/18/09 |
Jerry my friend, I still say give every citizen taxypayer a million bucks with debts automatically deducted.
The Republicans rushed to bail out the banks no questions asked with the strange belief that trickle-down economics would lift the electorate back to wealth. This of couse is mythical as housing and unemployment remains in the toilet.
The Democrats rushed to bail voters out by spending more of what we don't have without giving a hoot about business and praising Robin Hood economics about trickling up and soaking the rich.
Both parties aren't worth a plug nickel which is why Obama has fleeting credibility and Republicans who spent like crazy the last 8 years have no credibility either. What a mess. |
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---larry on 7/17/09 |
larry: Yes, of course there are SOME good people in the government - particularly in the military. But, as I'm sure you understand, I was referring to the top eschelon politicians in the Executive, Legislative and even some in the Judiciary. The left wing socialists now in power in the US, instead of continuing Bush's "War on Terror," are now waging a "War on America" - and they are winning!
I'll still stand with Reagan's philosophy rather than that of traitors. |
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---jerry6593 on 7/17/09 |
I agree with you, too, Ralph and Kath4453.
(We'd be out of recession, Kath4453, if your advice had been followed)
The government provides quite a few people with paychecks, but the paychecks come from the taxpayer, so there is no increase in the GNP. Private industry is what actually adds to the economy.
Thomas Jefferson said:
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them"
AND
"My reading of history convinces me that most bad government results from too much government." (So it wasn't just Reagan!) |
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---Donna66 on 7/16/09 |
Ralph, a bit of reality. There is no biblical virture in conservative or liberal politics - none.
Six of the Senate's top 10 earmarkers are on the Republican side of the aisle. They include such right-thinkers as Sen. David Vitter, Sen. Kit Bond and Sen. Charles Grassley..
I really enjoy the blogs of you and Jerry and would like to know if you think on the probable bankruptcy of the CIT group which makes thousands of loans primarily to small businesses.
They are the nations' 20th largest bank and hold a million clients who will be hurt. This is a time where conservatives who have panned bailouts now get a chance to hear from drowning small businesses who want some of that cash Obama is spending. What say ye? |
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---larry on 7/16/09 |
i have a way to fix economy environment,and health care situation. I will need help with others to do this and it doesn't mean money either just time and resources if possible plus a desire to help as well in the form of willingness to help other people to help them selves. |
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---barron on 7/16/09 |
No way Jerry, those people in the Murrah building in Oklahoma City were not the problem and they were the government. The government is the military and Interstate highway system and people who work at NASA. The government does create labor (e.g. jobs at the National Weather Service) and therefore wealth, so the Reagan slogan was simplistic and anti-biblical.
God set up earthly governments and his instructions for citizens under governments are detailed and unequivocal. John MacArthur has a whole series of sermons on this matter. Government like marriage is a biblical institution. The problem as always is mankinds evil within our government.
Governments can't tax their way into prosperity but they do create wealth. |
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---larry on 7/16/09 |
Donna: Thanks for the vote of confidence, but at 66 it's a little late for me to start a new career. Besides, you've seen what they (govm't and the press) do to honest Christian people in politics (e.g., Sarah Palin). I think that Ralph is right - our only hope now is the return of Jesus.
Rev 22:20 ..... Amen. Even so, come, Lord Jesus. |
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---jerry6593 on 7/16/09 |
I really think instead of giving those billions to banks etc, they should have given the money to tax payers....with the stipulation it must be used to start new businesses, hire so many employees, buy a home, pay off cc debt etc. And not to be able to keep personally for any personal gain.
Also, it's a shame they didn't use it to create more jobs like roads, bridges, etc.
It all seems to be sucked down a big black pork hole. |
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---kathr4453 on 7/15/09 |
jerry6593--
Will you PLEASE run for Congress! |
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---Donna66 on 7/15/09 |
It's too late to have this discussion. The U.S. economy and free market is being systematically and purposefully destroyed by the President and the Democrat majority. That's right, purposefully destroyed.
Their goal is control. Control of markets and people. There can be no other explanation. The policies they are implementing have been historically proven to crush opportunity, prosperity and liberty. And they know it. And there's not much anybody can do about it apart from a civil uprising and revolution which will not happen.
India is issuing ID chips to every citizen (1.3 billion) for the "benefit" of everybody. The time seems very short. |
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---ralph7477 on 7/15/09 |
The economic health of a country is related to its ability to create wealth. Taxation does not create wealth, it destroys it. Borrowing does not create wealth, it prohibits its formation. Government cannot create wealth, it can only spend it. Only the private sector, individuals and corporations, through hard work and investment can create wealth. Hard work and investment are impeded when excessive taxation and needless regulations are imposed by an opressive federal government. Why should I work hard to pay for the guy down the street who won't work? Without incentive, we all quit trying.
Reagan had it right: "Government is the PROBLEM - not the SOLUTION!" |
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---jerry6593 on 7/15/09 |
Dr. Rick-- With your plan, would properties be assessed for TAXES on the "replacement cost" instead of "market value"? I'd love that, but somehow I think government would object.
Financing all homes at 80% might be OK IF buyers qualify. But NO more NINJA loans
(no income,no job, no assets)! Banks got pressured into making such loans by politicians who felt that every American had a right to own a home whether or not they could pay for it. Guess who's paying for it.
There is a sure-fire quick fix for this economy. Lower business taxes, making it worthwhile for business to hire (not lay off) and to stay in the US! Gov't revenue would sky rocket because of more people paying income tax. |
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---Donna66 on 7/14/09 |
I first suggested giving everyone who paid federal taxes $1 million dollars. Debts owed would automatically be deducted and folks would take vacations to Hawaii, go to restaurants, buy flatscreens and thus stimulate the economy. The very rich and poor would be left out and it would probably lead to an unusual amount of kidnappings for ransom by the poor which would become a permanent sub-class. Or you could give everyone a million dollars and do away with social safety nets thus saving the budget. The total cost would only be about 260 million dollars.
Actually a biblical year of Jubilee is probably all that will work. Neither option has a prayer. |
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---larry on 7/14/09 |
The economy would recover by making a simple change in loan policy for banks.No cost to government nor taxpayers.The agency that has the power over bank accepts required mortgage appraisal experts to base house appraisals on"replacement costs" not on "market price".The buyers could then sell house for the cost to build +land cost. A house should never be worth less the cost to build +land. People will get accustomed to this idea and the house market will stabilize
The government loan programs, will then agree to loan at 80% loan to value or less such as FHA. The market will begin to stabilize, buyers can buy and many people will be able to refinance their bad mortgages...God Bless!
Dr. Rick Sheldon |
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---Rick_S on 7/14/09 |
My prescription for fixing the economy:
Personal responsibility
We can pretend to fix the economy, but really this type of "fix" is more like when a game is "fixed". When a game is fixed, it means that the regular guy is going to get taken to the cleaners and the cheater will benefit.
Who gets hurt when we bailout stupid businesses?
Who gets hurt when we bailout stupid home buyers that bought too much house with risky loans?
The person that gets hurt is the good guy. The economy may tank without help, but most of these "fixes" are just shifting money from good guys to bad guys. Which isn't a fix at all in any good sense of the word. |
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---Laura on 1/28/09 |
Since the government of any country is what the normal guy relies on we need stricter guide rules to ensure that the Manupalating tricksters who accumulate wealth on the backs of the poor are kept in strict check by Governments by constant return reports and the installation of a rep as watchdog.Pouring money into the economy only gives these people opportunities to devise ways to entice and extract the money that Govt doles out.The Common Man like Jesus said should learn restraint in easy times and stock up for those years of Famine.So we need EDUCATION to learn this simple practice.You cannot live day to day Hand to mouth.Store up treasures as it says in the biblein heaven and on earth. |
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---MIC on 1/27/09 |
I would like to see all these dollars support normal people who are losing jobs. I mean in the range of 40% of their salary for several years. The guideline for mortgages have been traditionally set at 40% or so of one's gross income. If I knew I would still be able to pay the mortgage even if I get laid off, I would be much more willing to go out and spend and that would relief the panic about the economy and may be even stop the foreclosures and the housing crisis at the same time. |
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---EF on 1/26/09 |
Having read lots of things others are saying about how to fix the economy, most are talking about different way to put money in the hands of the average American. This is correct. The housing crisis is a result of greed and ignorance. It will eventually work it self out. If prices are too high, don't buy.
What would really fix the problem is National Healthcare that would virtually eliminate private insurance. This would put lots of money into the hands of the working people, and American companies. Taxes would have to go up some, but not near as much as insurance companies are taking and keeping for their top tier. Do the math. An average family of 4 would have about $15K to $20k more per year. |
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---jack12jaw on 1/26/09 |
I know this much>>>Because of this country taking away God's Ten Commandments, His laws and the world's first "bill of rights" and prayer being taken out of schools and a host of other atheistic ideas permeating our beloved country, God is going to punish this country. This I KNOW! |
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---catherine on 1/23/09 |
Sorry but the US is going down...while the EU is going up as prophesied....its a pity people wait to see it with their own eyes and than believe...by than it is too late... |
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---Benjamin on 1/23/09 |
Yes I know solution. Credit card voucher thru the banks. Whe you work own etc. You have all money and loans in your banking system. At your work boss gives voucher hours and pay amounts on computer sent to the government. So then it is credited to your bank.you only have that money to live on plus housing health care etc. State government controls all transactions. Better control on money and enventory. Chips in hand comes next to contol fraud. This is very easy takeover. |
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---jim on 11/24/08 |
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Hi jill, I like your idea, sister. :) I was just going to add, too, that here in Oregon, it wouldn't cost the government TOOOO much--because it's getting harder and harder to even find a US citizen here lol! |
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---Mary on 11/10/08 |
Give all Us Citizens over 18 who are not incarcerated $100,000 to apply to their debt-whatever left they can use to spur the economy. Its cheaper than present bail out package and all contracts banks entered will be paid back as well as with excess moeny ppl can buy cars etc -300 million in america you could give them all 1 million and would still be cheaper than present bail out package |
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---jill on 11/10/08 |
Steveng's father is right about the ARM's, but this question is also connected to the SOCIALISM blog because we can't fix the system without becoming increasingly socialistic in our rescues.
We spent ourselves into massive debt but our economy works when people buy, so they must continue to spend. We don't have the money so we must either borrow from China and continue to spend or print money and continue to spend.
We now have no good options. Even draconian cuts in spending fail over the long haul because that government spending on expensive programs, such as NASA, provides thousands of jobs.
It can be done, but not without severe pain most politicians are incapable of passing the pain on to their constituents. |
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---larry on 11/5/08 |
Ruth4489: "My opinion is that we all need to be on our faces before the Lord.. Pray Pray Pray!!!!! It is the only way to win because He is the only way.."
How true that is, but it's unfortunate that there aren't many Christians left in America to pray for our leaders. |
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---Steveng on 11/5/08 |
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Hello:
My opinion is that we all need to be on our faces before the Lord.. Pray Pray Pray!!!!! It is the only way to win because He is the only way..
Ruth4489 |
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---Ruth4489 on 11/5/08 |
If you are looking for an answer, it's Jesus.
But if you are looking for a worldly answer here it is: My dad told me to never throw money at a problem. Find the root of the problem and fix that. The root of this current credit crises is interest rates. More specifically, ARM. Many, if not most, of the problem is when ARM interest rate went from 2% to up to 14%. If the mortgage companies and the banks weren't so greedy and rolled back the interest rates to a decent level, more people would be keeping their homes. |
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---Steveng on 10/28/08 |
1. Remove government barriers to producing cheap energy. Part of our economic crash has been due not just to over extending ourselves in real estate, but the huge burden of increased energy costs over the last year or so(heating oil, diesel, gas, natural gas, propane, etc.)
2. Rather than extending unemployment benefits, instead pay for public works and public assets (build a fence on our southern border, replace decaying bridges, etc.)
3. Stop rebuilding homes or providing trailers in disaster areas and instead give people vouchers for vacant homes in other parts of the county that have a housing glut.
4. Stop government programs that jack up prices for milk, corn, etc. It just hurts consumers, our economy and tax payers. |
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---sophia on 10/28/08 |
I think they would fix it by using foreign currency in the country |
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---RonaldKwangwari on 10/27/08 |
***
It all comes back to greed. Money is the root of all evil.
***
Barb
when you misquote scripture you spread LIES ...money is not the root of all evil.
1Tim 6:10
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith,...
Proverbs 21:26
He coveteth greedily all the day long: but the righteous giveth and spareth not
greedy busy bodies spend their time consumed with riches of others
GREED starts in heart of one who covets riches of another ... damning rich because of riches they have DEMANDING rich spend money as they (busy body) see's fit - busybodies serve GREED and riches they COVET |
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---Rhonda on 10/18/08 |
That I really have to really trust God to be my provider in all things. Just to praise the Lord!!.. |
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---Lashan on 10/17/08 |
Barb: "It all comes back to greed. Money is the root of all evil."
You're the third person I heard this from within the past week. Are you in the habit of taking verses out of context? Money is NOT the root of all evil, it's the LOVE of money that is the root of all evil. There are a few rich people I have known that do not depend on their money for safety, but on God alone. The last two people countered what I said with the verse, "it's easier for a camel to go through the eye of a needle than a rich man to to go heaven." Sure, it's easier, but is not impossible. |
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---Steveng on 10/16/08 |
If World Financial Markets would get together and agree to lower prices on everything-say to what they were ten years ago it would help. If the US would quit raising the minimum wage it would also help because everything else goes up in price when minimum wage goes up. And last but not least, if the US could agree to do it- take two weeks (one pay period more or less)and ban all taxes for that two week period-I think it would encourage people to go out and start spending, giving a good boost to the economy. |
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---Tim on 10/15/08 |
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The best way to fix the economy is to change people's hearts to get rid of greed. Drug companies could cut the cost of drugs by not advertising to the general public just the doctors.
Salaries of doctors and executives need to be frozen or cut.
This will not happen as humans want the best of everything and thus demand high wages.
There is so much waste that could be stopped. We Americans throw so much plastic away instead of recyling. We need to find an economic way to recycle products so we don't use so much petroleum to make new ones.
Fribulous law suits that raise the cost of many things need to stopped or at least put a cap on how money is allowed to be sued for.
It all comes back to greed. Money is the root of all evil. |
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---Barb on 10/15/08 |
I learned a lot from my dad - how to survive in the wilderness, how to invest money, how to save money, how to spend money for just the necessities (a roof over your head, food on the table and clothing to wear), how to start and grow a business (he owned two businesses in Chicago - a produce company and a restaturant in which I worked at both since I was eight years old), and much more.
One thing I do remember is never throw money at a problem. He taught me that there are at least seven solutions to every problem. The politicians couldn't figure out a plan fast enough so they threw money at it. |
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---Steveng on 10/15/08 |
In order to fix the economy we all should go out to the stores and buy as much as we can afford. |
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---Inge3583 on 10/15/08 |
I think with all the things goin on in Iraq and the uncertainty of any out come, is our biggest problems with our financia, woes.
We need to get things in order, get our troops back and pray that God will help our new leader make some very wise decisions.. |
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---James on 10/15/08 |
economics.Supply and demand,and goods and services.Might just be too complicated to fix, because of the fear factor. And because today,since the world has become the real market ,control seems less likely than ever ,and growing less likely.Not sure there is an answer. |
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---tom2 on 10/14/08 |
The best way is to stop using credit. Our county is a very poor example of credit spending - for example the bail out is among the worst decisions I've ever seen. In the individual case, a person needs to stop using plastic and start using cash. This is not easy in a society that has that, "I want it now" attitude. Saving for something is not what is taught. Use credit only for big purchase items like a house. Evaluate the need and make sure it isn't just a desire. For example, maybe you want new a car, but do you need a Hummer or can you do with a VW or do you need a new car at all? |
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---wivv on 10/3/08 |
How can you fix the Worlds Monitory System that is biblical it is going to crash bringing about a one world currency which leading to the Anti Christ and ultimately the Mark of the Beast? |
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---Carla3939 on 10/2/08 |
If you look at the world, all good economies are good exporters (include oil exporters). America needs to export more. There is a direct relation with scientific advancement and economic well being and that is where America needs to focus on.
People complain about China, India, but if the same products or services are to be done in the US itself, you may acutally not be able to afford (buy) it. Its a global economy and there seems to be no free lunch. |
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---Aurunoday on 10/1/08 |
The answer to many of the financial problems in our own homes is one thing. SACRIFICE!!!!! That's a concept that went out the window years ago. Start thinking about a house as a home instead of an investment. When you make up your mind to get out of debt and start paying off credit cards by sacrificing things, then your debts start to go down slowly. You can do this and still pay your tithes and offerings. |
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---SusieB on 9/30/08 |
The solution is easy to fix. First, don't bail out corporations who's greed won't allow them to say, "No". Second, individuals need to stop buying what they think is a "need" when it's really a "desire." Third, stop overusing credit. Forth, don't be influenced by advertisers who are trying to convince you that their product is "needed". Fifth, get rid of this, "I want it now" attitude. It will take a while, but it will work. |
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---wivv on 9/30/08 |
As I've have said before the economy can be summed up in one word, and that word is JOBS and not just employment but gainful employment, jobs that pay a decent wage.
It is for this reason that I so strongly support union labor.
The truth of the above statement is evident in the action Called globalization. It is impossible for a decent wage earner to compete with slave labor in China, India, Mexico, and many other locations around the world. How to stop globalization, well for one thing we could tell all companies who left here, and manufacture there, to also sell there, and do so by refusing to accept their importation of foreign manufactured goods. |
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---mima on 9/30/08 |
Trish, why are you so unsure about the economic situation? I thought you studied economics "a lot" in graduate school. |
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---ralph7477 on 9/30/08 |
Trish ... I feel thatv unless the US agrees eventually to this rescue package, you will become more and more in debt as more and more companies fold and jobs are lost. |
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---alan_of_UK on 9/30/08 |
"IN GOD WE TRUST"? We better! People on Wall Street & those who work, "play" & squander our tax dollars on Capital Hill ALL live on Easy (Penthouse, Condo, Estate, Gated Community, Board Walk...) Street.These independently wealthy people talk a good game about Main [Commerce] Street, but really don't care about those of us living on streets named Arrested Development (Ghetto/Bario), Rural Route, Homeless, Living On A Fixed Income, Can't Afford To Retire, Jobless, Can't Afford College, Healthcareless, etc.
It's foolish to trust greedy, monopolizing people who always profit from our suffering & economic misery. Build your hopes on things eternal. Hold on to God's unchanging hand!
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---Leon on 9/30/08 |
ALL the money in the world won't save US!
A divided Nation will not stand and were(US) one of the most divided people on earth...
So our(US)fall is inevitable!
We are a nation that has a form of Godliness, But we deny the power thereof, and stumble at his words & ways, our claim to be wise & Godly has made US fools...
Stand back and take a GOOD look around, can you deny it? |
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---Duane_Dudley_Martin on 9/30/08 |
Regulations!!!! Regulation does not kill incentive but it does make it more difficult to steal. Since the days of the pony express free markets(where the biggest crooks find it convenient to hide, such as a $13 million bonus for three weeks of work by CEO whose bank company (Washington Mutual) failed) have been exposed as what they are, which is playgrounds for the greedy. The coming millennial kingdom of the Lord Jesus Christ will be run with an iron hand(or iron rod) and those who would steal will be immediately dealt with. So to answer your original question I believe more regulations would be of some help. |
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---mima on 9/30/08 |
Congress was reluctant to act on a 700 billion dollar bail out.
Because of that the economy took a hit for 1500+ billion in a single day.
When Congress will not listen to competent advisors on economic matters of this magnitude, we all get hammered. |
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---Phil_the_Elder on 9/30/08 |
Cut Federal spending.
Stop paying people $40,000 a year to watch the flow of Ketchup.
Stop letting Congress fly first class and use our tax dollars for bottles of wine, etc.,
STOP ALL UNNECESSARY FEDERAL SPENDING. And let the American people vote on what's being spent on useless programs. |
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---donna8365 on 9/30/08 |
1)Domestic policy must be the focus over foreign policy 2) It is time to get selfish, pull the troops back and fight on one front at a time 3) We need a micro-manager President and congress for a while
4) we need to include the general public at a higher level of involvement, more citizen committees and groups 5) we need to higher more enforcement personnel at all levels for present policies 6) continue to explore the faith based initiatives. This is just a start. |
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---TIMOTHY on 9/30/08 |
I am not sure what the answer or solution is. I am just unsure that using taxpayer money is the solution to the problem. I am in debt terribly and would love to have the government bail me out, but that is never gonna happen. LoL
Have a great day.
Hugs,
Trish |
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---Trish9863 on 9/29/08 |
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I don't really feel we can fix it.I believe it is a sign of the soon return of Christ.The antichrist will appear to fix it for 3 and a half years but we'll all be out of here (Christians that is)I agree with David Wilkerson.He prophesied this depression 10 years ago. |
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---shirley on 9/29/08 |
Well . . . I noticed how the market went up so much when President Bush "confirmed" there would be a bailout. Now, down it goes, so readily, just because of say-so that there won't be any bailout. I'm guessing the people trading like this are the stock value fluctuation gamblers and legalized loan and mortgage sharks. Have a separate market, of sorts, for such risk players and exploiters and ones foolish enough to do business with them. Make 'em pay their own protection money in advance? And for failure . . . food stamps, yes, but governmental bailouts, no. And for sound long-term investing which helps the country grow . . . *good* investing gets a better tax deal? |
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---Bill_bila5659 on 9/29/08 |
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