Will Nevada, which is dying on the vine, benefit from the stimulus?
If California turns around, then Nevada will eventually, but I don't intend to be here when it does.
And while the stimulus takes effect, Obama is looking at ways to reduce the deficit.
This is all well and good, but he needs to realize the problems with the economy are a direct result of federal policies which heavily support a tiny economic elite to the detriment of everybody else; i.e., wealth distribution upward to the point where there is overconcentration of wealth. Since there is a finite amount of wealth, this state of affairs can't go on forever. With more people with less in the way of money, products aren't bought and products aren't made. Eventually the whole economic system collapses.
In other words, the right wing has waged a relentless class war, which I have talked about and written about for 25 or more years, and so far there has been no serious attempt to reverse it. We will be a third world country if these policies are not reversed.
Barlett and Steele, who had written for the Philadelphia Enquirer, had three books published in the 1990s which explained why the economy was going into the crapper: America: What Went Wrong, America: Who Pays the Taxes, and America: Whole Stole the Dream? The only thing the authors were wrong about was their belief Social Security should be means-tested, which is simply silly and ultimately destructive to the program by undermining the pact made between generations and by undermining public support by making SS into a "welfare" program, which it is certainly not.
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