the economy is one area i disagree with Obama's approach.
i really don't think the stimulus package is going to save the international banking system. at best it will slow down the economic death spiral - and at worst it will destroy the value of US currency - and we all know where that could lead.
do i know what to do? no. we are in the middle of the north-atlantic and we just hit an iceberg. there is an inevitability built into this situation that i feel the stimulus package fails to address.
maybe Obama should be embracing the inevitable and prepare for the massive programs that are going to be needed to keep food and shelter available to the millions of people who are going to be underwater soon. it is my opinion that Obama should be preparing legislation to protect the public from the mass evictions and homelessness that can and will result from this collapse.
no HOOVERVILLES this time!
no homeless families living in subways this time!
if we MUST endure a total collapse of our economy - food and shelter should be considered a basic human right - priority #1 - and welfare programs should be initiated to register people and provide them with food stamps and rent/mortage stamps.
i have ZERO confidence that continued bank bailouts and corporate welfare will protect americans who have lost their jobs and cannot make their rent or mortgage payments. ZERO confidence. if we MUST provide welfare - provide it to society's most vulnerable - until some of this gets sorted out.
that should be priority #1.
in a sense we are STILL being fed trickle down economics as a solution. give the money to the banks and corporations and local municipalities to initiate public works projects - and pray it gets into the hands of the public in the form of jobs.
i do not have enough faith in our society - usch as it is - that the money will be used wisely or honestly.
put the money into the hands of people who are faced with unemployment and evictions - and allow them to continue to feed that money into the system by making their mortgage payments and groceries and tuition.
fix the economy from the bottom up - not the top down. keep people in their homes. priority #1.