Thursday, 21 January 2010
Democrats: No One Will Hire Without Money! Force the Banks to Make Business Loans!
I'm just spouting on this one. It makes me angry that Obama and CONgress are saying, "oh, we get it, the people want jobs, blah blah blah..." It's more than that.
Don't you clod hoppers get it? No one is going to hire americans until banks are forced to loosen lending standards for businesses. Instead of making access to cash easier during this period of recession, the banks have instead made it harder for businesses to borrow. Businesses are cash starved while banks are giving the very people that have manipulated our economy and have hamstrung businesses huge year end bonuses, again!
A majority of congress critters want to audit the fed, and yet here we are waiting for that to happen. Did I mention the 13 Billion in bonuses to bank management?
No business will hire, no industry will create jobs until banks make cash available so businesses can expand and do what they need to do.
Obama and CONgress critters can spout all day about creating jobs or putting together councils or whatever the hell they think will create jobs, like Obama's new White House Iphone apps, but until you begin to move on banks forcing them to make loans to key sectors of the economy and reset the FED, the American Job market will continue to bleed out...
All I hear are people saying we need to create jobs, we need to stop mortgage foreclosures, etc. I don't hear CONgress or Obama giving us a plan. Here is one guy, Mosler, who has a whole list of ideals about how changes to the banking system can made that will solve our economic problems right now.
Gee, come to think of it, this reminds me of my economic recovery plan called GRAPES.
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