Will The Stimulus Save The U.S. Economy?

In 2008, President Bush rushed through massive corporate bailouts and a $160 billion stimulus to save the U.S. Economy. When that failed, President Obama added to the corporate bailouts and rushed out a $787 billion stimulus. Are these newest bailouts and stimulus going to save the Economy?

On Friday, the U.S. Labor Dept. stated that in October 600,000 more workers lost their jobs and the total number of unemployed is now 15.7 million people. That does not count the millions more who've run out of jobless benefits.

These people are now drawing unemployment benefits rather than paying taxes and they've slashed their buying of consumer goods which is what drives our Economy.

The immediate political reaction was to consider rushing through another stimulus. Will doing more of what is not working rescue the Economy? Have the stimulus plans not been big enough? And if the U.S. does more bailouts and stimulus, where will the money come from?

The nation is now so deeply in debt it is running the printing presses to create more money out of thin air.

Perhaps the answer is the opposite of what the Bush and Obama governments have done, each in their own way spending vast sums we don't have on bailouts, stimulus and weapons and wars. Let us instead, end those bailouts and stimulus and the wars and slash military spending, which morality aside, only add to the staggering taxpayer burden.

Also, instead of giving massive sums of money away, raise interest rates to reward savers and to attract more money to America as we support the dollar, strengthen our capital base and build global confidence we actually know what we're doing.

As for companies demanding bailouts, let the bankruptcy courts restructure or sell their assets as new businesses rise from their ashes. For badly managed firms, these bailouts haven't saved jobs, they've just created giant corporate zombies stumbling from mishap to mishap.

While the government may be irresponsible with your money, you can't afford to be for your family, and your extended family which is our nation, depend upon you to weather this storm and then wisely help us get back on our feet. For the bedrock of our nation has always been its hard work, its willingness to help one another and its determination to succeed.

Dick