Gwizz Posted January 17, 2009 Author Share Posted January 17, 2009 Yesterday we drove through an area of industrials parks.We were amazed at the number of empty buildings with their for sale or for rent signs.Seattle is said to have a better economy then the rest of the nation. I wonder how honest this is?To get re-elected our Governor said the state was in good shape. How after winning the election she says we are in deep trouble and must make deep cuts in the budget.The national government told us a year late that we were in a recession.Now with the signs that we may be heading into a depression, when well we be told?I heard this morning that Obama is proposing to spend 1.3 billion dollars to create new jobs. Since tax dollars are dwindling and with business paying the majority of the taxes collected and with the business economy rapidly failing, Obama will have to create more debt. With less taxes collected, this will mean more interest owed on the debt as payments are delayed. Unlike the last big depression where we were able to fall back on our industrial might, so much industry has been farmed out to China and other countries of the world that the economic re-building blocks may be in short supply. We may lose more jobs then Obama can create, further delaying re-payment of this debt. This delayed burden could further hurt the economy in years to come, causing the economy to continue its' downward spiral for a long time.I wonder what the real cost will be to create jobs in this manner?It is interesting that Roosevelt a socialist, had to deal with a depression and the people were unable to pay the high costs of his Socialism. Now Obama even more of a socialist will have to deal with a possibly even deeper depression and the people will again be unable to pay for the socialism Obama wants. Maybe it takes a depression to save our freedom. ::) Quote Link to comment Share on other sites More sharing options...
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