Woohoo!

On the day after the DOW lot 40% of its value I’m thinking I’d rather the government kept the money and spent it on job creation or welfare for all the folks who are losing their homes and jobs, but what do I know, I’m a raving socialist.

Oh and my the way, what’s up with charter cable, I can’t get CNN, CNN Headline, MSNBC or CNBC but I can get Fox. That has been happening allot since last spring.

If consumers are the engine that drives the whole shebang, doesn’t increased infrastructure investment, leading to more jobs, money to spend…doesn’t that make sense?

What am I missing?

Nothing.

Why Congress hasn’t announced and started to implement a massive jobs program around infrastructure projects is way beyond me.

We all know it has to happen, and the jobs can’t be outsourced.

And please, don’t tell me about the money needed; they just pulled $700 billion out of their behinds on a week’s notice.

Nother thread on econ at top now.

But in continental Europe, workers are still treated to long vacations, short working weeks, job guarantees and a host of other benefits that weaken their productivity and will not be financially sustainable.

Seems to me what is now arguably financially unsustainable is making all your customers too poor to afford your widgets, regardless of the fact that productivity is still on its way up!

So how do you not pay people, but also get them to spend? How do you allow people to own property that was bought at a silly price (does inflation mean that the houses will be cheap in the long run – how do you get companies to pay people more with the fear and unemploymnet (especially if they do not have the money or their business is all inflated “assets”)).

We are all going to be losers and some will be very hard luck losers. Hard workers who to no fault of their own have the last of their life squeezed out of them by terribly hard work for bread crust.

At the same time as I look around there is so much to do and so much work to do – it seems silly to throw that all away. Maybe it comes down to that people were working for paper “assets” that were so highly “valued” so that a few people could take the real money out (and convert it to other stocks, assets, tbills, currencies (dollar, euro, yen)…that is to say many people are actually working on vapor asset companies.

The real terrible thing is I think many older people knew this was not sustainable but thought it was always off in the future. I guess looking back at it the timing could come no other way…just 6 months after the first “boomer” retired.

Also keep in mind more people will lose their jobs, then these people will also lose their houses (dropping the house price, more bad debt for banks, etc).

Right now its “I am not going to look at my 401k), sadly we will all be crying soon when there is no 401k to look at (for those lucky enough to have one).

All Fox news and the Republic pary can say is that its poor peoples fault and ACORN.

Greenspan and Bernanke HATE rising wages. They ALWAYS call it “inflation” and seek to quash that shit. The only wages they consider GOOD to increase are CEO salaries. How DARE that bastard Bernanke pine about how real incomes are stagnant to negative when he and his predecessor are ALL about keeping them down!