The Note

"I worry," he added, ". . . that if you try -- especially in times of economic crisis -- to artificially raise wages at the bottom . . . we'll end up hampering our efforts to avoid a really big recession."

From my perspective the above statement says it all. Artificially raise wages from the bottom, we should artificially raise wages from the top. Look at all those millions going to mangers who have failed for decades..

When are you going to wake up and see what the heck has been going on? One loser after another serving as CEO, and on the Boards of their friends who are losers. It is a round robin the ultimate "Good Old Boys Club".

I think the Obama’s fiscal plan is full of steps in the right direction, but it falls short in some critical areas. It’s stupid to continue to give money to industries that have a track record and culture of corruption and mis-management; the automobile industry, banking and investment industry. Though Ford has chosen not to accept help and there are plenty of banks and financial institutions in black ink, the overall culture of complacent dividend focused stockholders and morally questionable white-collar executives has not change one bit before and during our present financial crisis and this is no motivation their behavior in the future.

Without changing the focus of stockholders to hold down executive perks, costs and increase the moral responsibility of companies, the root causes of our present crisis will continue. Without a greater degree of moral responsibility on the part of white-collar executives, the root causes of our present crisis will continue.

Banks having money to lend, isn’t the answer, even lending the money isn’t the answer, because Congress has allowed banking institutions to financially abuse the general public. Again, unless banks begin to deal with consumers in a morally-fair manner, consumers will eventually find other economies to get their needs met; a cash based economy or even bartering.

In order to really fix our economy the bailout or stimulus moneys should go more directly to consumers, and be mandated to be spent on specific items that will boost businesses. For example, car owners may be given money by the government to purchase American made automobiles that run in hybrid fuels or alternative fuels. Congress should impose limitations on financial institutions that ease the undue burden of the general public. For instance an interest cap on credit cards at 10 percent, clear legible disclosure of fees and realistic costs for mortgages, that part of any mortgage should be the idea that the principle of the mortgage can not exceed the assessed value of the home or property.

Congress should consider using stimulus money to promote competition among businesses who are not financially stable, maybe someone has a better way of improving American automobiles and would better utilize the physical resources and infrastructure of GM.

These are just a few measures that would help our economy heal and consumers begin to spend.

Matt Miller comes from a poisoned
well (Clinton hacks) and would be
an expert in "poison well" politics....
but there's ol' Bill and his wife
bobbing up from that well, multi-mil-lionaires both. There's a lot to
be said for capitalism, right, Krugman?