"In case you haven't seen a sales report these days, February (month-to-date) sales are a total disaster," Jerry Murray, Wal-Mart's vice president of finance and logistics, said in an email to other executives that was obtained by Bloomberg News. "The worst start to a month I have seen in my (about) 7 years with the company."
Big, your post was profound to the extreme. Albeit you more often than not speak as the message board jester, your words were actually true. Growing naturally is not only the sign of health, but it is actually what is needed to grow.... doing it naturally without stimulous.
I am not saying the Federal Reserve needs to increase rates, what I am saying is that we need to pull back on the deficit spending in tandem with a moratorium on additional regulatory meddling within the economy.
Cutting two hundred billion annually from the deficit actually is not that difficult when $65 billion of it is a remnant of tax give aways during the stimulous package of March 2009.
Thats right, of the $700 billion stimulous package some of it continues to this day. We could then call a moratorium on any tax increases for the next four years which would act to inspire the animal spirits of our free market system.
What rich person wants to start up another company when he senses the govt is not acting fairly?
Obama needs to promise no more new taxes and no more new regulations.
With this new revenue of $65B all we have to do is cut spending via spending cuts. This is actually easier than its being made out to be. I have very little doubt that Obama will agree to cut spending $135B as long as it comes with closing out the $65B loop hole. The balanced approach he keeps asking for. Voila: $200 billion annual reduction in the annual deficit.
Taxes, regulations, greed and lack of common sense is what put our great nation into this sad state! But mostly our problem started when we became the worlds police force. All so we could have free trade:)