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Can Congress Keep Obama's Stimulus Package Dollars in America?: Left of Center View

The problem with money is that you can only spend it once. Once it leaves your hands the next person can do whatever they want with it. Such is the nature and purpose of money. So the government can dictate who the money is handed to, and can even be specific about what the money should be spent on, but then it’s gone. Even if the person government gave it to spends it the way they should there’s no guarantee where the next guy will spend it.

Now there are some things that can be done to try and keep American dollars circulating in the American economy. But these are things that need to be done by all Americans, not just the government. Buy goods made in America, do business with American firms, and for the love of jellybeans hang up immediately on foreign telemarketers. And if it’s on TV in the middle of the night for twenty bucks, it was probably made somewhere outside the U.S.

A big part of our current economic crisis is that there is very little money circulating through the country. American corporations are acting squirrely, grabbing whatever they can get their hands on and storing it away in fear of a long cold spell. American corporations are also driven by the short term, and the quest for large and immediate profits. Huge layoffs boost quarterly profits, but make a company vulnerable in the long term. However the executives running the company are given huge bonuses based on their quarterly profits. The ultimate fate of the company has little to do with their decision-making. They hope to be retired long before the fallout from their actions is realized. They made money this week let the next guy worry about how they will make money after they’re gone.

Congress can do something not just to keep American money in America, but to keep it circulating as well, tax the hell out of corporate bonuses. But let’s be reasonable about this. Salespeople and others who rely on a commission / bonus driven structure for their compensation these people should not be the targets and should taxed at their current rate. President Obama campaigned on a promise of redistributing the wealth, well here’s a great place to start, how about an 80-90% tax on all bonus money paid out in excess of $100,000 for executives.

There’s something else Congress can do. California prisons are full of victims of the “three strikes law”. We got tough on criminals, blah, blah, blah. What we really did was create a prison industry and sent a lot of people that didn’t deserve it away for life. So why not do the same to the corporate thieves who steal people’s livelihoods? As Wanda Sykes pointed out “I’m more scared of bankers than muggers. Muggers only take from you what you had on you that day.” How about a federal law: One day in prison for every dollar stolen and not paid back.


Kyle Pesonen - Staff Writer | E-mail Comments on this column. | Click icon to Digg this article

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Can Congress Keep Obama's Stimulus Package Dollars in America?: Right of Center View

There are only a few things that lead to recessions and depressions. There are natural disasters such as the Oklahoma dust bowl when America’s heartland suffered from one of the worst droughts in our history, there are mass outpourings of capital from one economy to another such as has been happening since the signing of agreements like NAFTA and there is hoarding. In the 1920’s and 1930’s we had two of those three things going on and experienced one of the worst economic downturns in the history of mankind. The rich were hoarding wealth and the elements turned the backbone of our agricultural industry to dust. The really scary thing is in 21st Century America, all three major causes of recession and depression are occurring.

We have a massive trade deficit causing American dollars to flow out of our economy, we have had years of devastating fires, floods, hurricanes, tornados and increasingly severe summers and winters leading to a stressed infrastructure and the wealthiest Americans have been allowed by government to hoard more wealth in the form of tax breaks and government aid with no strings attached than ever before. We are facing the perfect storm of economic factors to throw us into a deep economic depression. At this point the only real opportunity for redemption seems to lie in the hands of the legislators. What is scary is that those legislators don’t seem to be getting that they are our last defense against economic collapse and therefore have decided to bicker about how to carve up the pile of government money to best serve them getting re-elected.

History shows that tax breaks to the wealthy lead to increased saving by the wealthy and do not stimulate spending. Therefore, they have no place in the package. Giving money to business without strict conditions likewise does not result in spending responsibly. Get rid of that part of the stimulus package or add strings. Building roads and bridges and maintaining them over time employs people and those employees spend their money in the marketplace. That will stimulate the economy so it’s a keeper. Creating new industry designed to repower the nation without the use of foreign fuels will employ people and reduce the flow of money out of our economy. Serious keeper. Giving money to banks without conditions actually made it harder for people to borrow and caused more hoarding. Bad plan so it needs to be cut off. Making banks renegotiate with homeowners to get loans under control so foreclosures are reduced will keep the payments coming in to banks and limit empty homes sitting unused. That supports free flowing capital in the banks, use of services related to the homes being occupied and makes banks more financially sound. Super duper keeper!

Congress can do things to actually stimulate the economy without giving in to the fat cats or falling prey to voodoo economics. They do need to add conditions to the stimulus package and remove all the junk that won’t create jobs or keep money moving inside the economy but with a little hard work they can actually do something positive for the American people with our tax dollars.

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A Legal Immigrant’s Perspective

If you are not a Native American, you are an immigrant, so am I. I came legally to this country at the age of five with my parents who worked hard, paid taxes (even Jesus paid taxes), lived by the rules of this great nation and never took or accepted a penny from the government. We came seeking FREEDOM from a communist country. It was months before we were able to enter the US legally. I remember us getting medical exams, shots (small pox), background check, references, and going through numerous interviews once we arrived. I also remembered people coming to the US from all over the world who waited years since it was based on "Quotas". Read more...

Solving Our Immigration Problem

The major problem our country is facing with illegal immigrants today is because of the exploitation of these immigrants. We believe the solution to this problem is two-fold. First, we should allow more immigrants in this country to cut down on the number of illegal ones. Second, all immigrants should be educated about their rights at the expense of the government. Below, you will find an in-depth look at our suggested reforms.

Reforms for immigration limitations:

-New immigrants can't equal more than 1% of the US population in a given year (the population being from the last recorded census). That 1% will be further divided up to allow only a certain number of immigrants each month.
-Each country of origin for immigrants will be allowed a certain percentage of that 1%. No country could receive more than 10% of the total amount and no country can receive less than .1% of it. The left over percentage will be divided up between all countries as follows: Read more...

Do Elements Within the La Raza Movement Pose a Threat to America?

La Raza means literally “The Race” in Spanish. The movement was formed in 1968 to promote the interests of the Mexican-American community. Like the NAACP and other affirmative-action minded organizations, La Raza has many members that are interested in being part of America and promoting equality for all Americans. The fundamental goals as stated by the movement are benign and represent the ideals of American diversity and cultural pride.

There is another movement affiliated with La Raza that has historically been more militant and still maintains documents within their organization that point to isolationistic views Read More

A Plan

The one major thing that seems to be lacking in the immigration debate is a real plan that addresses the legitimate concerns with illegal immigration. There are strong opinions on both sides and a lot of rhetoric but there isn’t really any solid plan being promoted to address the illegal immigration issue in a way that is both fair and logical.

So, that being said here is my idea:Read More

Trucking Cross Borders

This is mainly a concern for the trucking business. If we allow these people to come into our country, bringing cargo that we in America have, and can supply, then we are saying that the American working people are not needed, and have lost all say to legally enforced DOT (Department of Transportation) laws.Read More



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