- Oct 13, 2004
IT'S ALL OBONGO'S FAULT!!! /aratokevlar
choosing to 'punish' wall street by further immobilizing the hiring arm of America is the wrong approach.
& I'm not sure listening to Greenspan is the cure either. He ignored an awful lot while letting interest rates stay at such low rates to keep an everthinning economic growth bubble expanding. Now, him choosing the exact opposite will cause equally problematic outcomes but may sell some books.
Only two things will cure this economy. 1) lower spending, AND 2) meaningful incentives for employers to hire.
obama/reid/pelosi's recent 'jobs bill' is a poor excuse for an incentive and doesn't amount to anything more than 'hey employers, spend lots of your own money on hiring now & later we'll give you a small break on taxes.' If obies goal was to create a misleading talking point, give him an A.
Actually, I do like the 'raise' the age idea, I also like the idea of raising it faster than we need it. this will force americans to start saving on their own. You know, like they saved for their own social security - privately. But doncha call it privatization of social security, it's not that. it's saving on your own, putting it where you want, & perhaps the gov't could have a few recommended areas that were more secure.