Quote:
Originally Posted by CDavidNeely
To Whom It May Concern,
So what is your suggestion. Should we just wait and put of making any decisions until we can be sure of the process and the result. I am well aware that it won't be an immediate return but we haven't gotten any immediate return with the other plans and most of them don't have any oversight at all.
The states spend some money on infrastructure but their spending will be severly impacted by the disruption of the economy. I, personally, think we are at a crux moment in our development as a country. Our economy is crashing and crashing hard. Our infrastructure is failing and failing rapidly. Our education system is turning out people who are falling behind other countries at a rapid pace. If we don't make some hard decisions and make them soon then perhaps that Russian analyst may be more accurate than we think.
Sincerely Yours,
C. David Neely
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Well first, he needs to send a message to the guys that hold the big cash; dividend and cap gains taxes will remain as they are NOT expire in 2010 when the Bush tax cuts expire, next he needs to send a message to the middle class besides the afore mentioned, something that hits closer to home, like again, leaving the bush tax cuts in place, you may be of the opinion that the bush tax cits are for the rich only, well that’s bunk. When BRACKETS reset everyone gets whacked, everyone over 40K, if Obama thinks giving money ala non refundable tax credits will do it, he’s nuts,. Those folks don’t have money that will drive the economy, the real middle and upper middle class do.
Bond yields are shockingly low, the lower they get the worse for us;
5-Year 1.500
10-Year 3.750
When the 10 year gets blow 3.% we are in deep shit, that means that the big money has more faith in long term survival than in growth. The 5 year coupled with trhe low 10 year yield, is already at a level that is worrying many, if this hits 1.25% we are fuking cooked. And I mean cooked.
I will predict here and now, unless something very drastic and smart occurs as to our national monetary policy, a 10% national unemployment rate by May 1st.