Dear Mr. President

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  • Posted By: goodguys @ 10/22/2008 9:05:32 PM

    How in the world anyone can think that the economy can be fixed from the top down is either paid from the top or advised by the idiots at the top. Trees don't grow down from the leaf they grow up from the roots. In an ecomomy the people are the roots. An economy has to grow up from the people to be successful. Check out Economy Fix video on you tube by thenopartyguy to see how to truly fix the economy. The "Your nuts" video will explain what else we need to do to sustain a good economy once we fix this one.

  • Posted By: kiran.devpant@gmail.com @ 10/22/2008 9:00:20 PM

    Americal should provide theattention to recover the recession . Firstly , (i) ulfill the additional financial gap to banks, peoples seconadry shares (ii) increase the central as well as federal government spending on such goods who directly increase the production as well as provide additional creation of employment (iii) implement tight financial regulation and establish the mechanism to check the whether that financial institutions really has going in defaulter, implement control regulation to those credit card defaulters, who to repay that money, establish mechanism to control the source of income, whether that income source is really up to date on not, (iv) distribute unemployment benefit up to that level where he or she could not get additional employment until and unless to save the money or to increase the income and finally (v) increase the tax area to those who are unpaid the tax like cheap worker who come from developing countries and they do not have legal visa. Comment from Kiran Dev Pant, M.Phil student, Central Department of Economics, Tribhuvan University

  • Posted By: kiran.devpant@gmail.com @ 10/22/2008 8:50:18 PM


    Comment: To save the recession of America, First Amerca should give attention to added to fill up the gap captal requirment to Bank and others financal institutions and (ii) second thing is that regulate the tight fiscal regulatons and recovered the defaulter money as well as credit card defaulter money (iii) the third is that to control the credit card loan money on the basis of source of income ( that source of income is flaud) and people goes from one satte to another state and from people goes to America to Africa , (iv) the fourth thng is that state and central goverment increase the spending to that projects so that unemployment can reduce , (v) the fifth is that distribute unemployment benefit in that period when and until new employment will not be created and lastly (vi) is that to raise the tax from cheapest labour those who come from different developing countries those who do not have visa.

    Comemnt from Kiran Dev Pant, Economics, Kathmandu/Nepal

  • Posted By: FedUpWithUSGovernment @ 10/22/2008 8:46:26 PM

    What advice is this? These were lukewarm solutions, at best, with a reiteration of what we already know. Thanks, Nobel laureates. Do they want to get PAID to give out the real solutions? Just ask the over 50+ economists who said - NO BAILOUT - what the real solutions are. The solutions will be painful to the ones who got us into this mess (good) - NOT to the American people. This is why our government is so hard-pressed to implement them and do the right thing. We can thank the un-leashed Democrats AND Republicans in control for wreaking havoc for our country. VOTE THESE JERKS OUT OF OFFICE ON NOV. 4TH AND VOTE 3RD PARTY !!!!

  • Posted By: Nins @ 10/22/2008 8:34:33 PM

    The Economist magazine polled 683 professional economists and reported their findings. Of the respondents, 46% were Democrats, 10% Republicans and 44% Independents. The vast majority of them (over 80%) believed that Obama's economic plans will get us out of our current financial crisis. A similar majority believe that McCain's plans will make the economy worse.

    While you can say that all the Dems and all the Repubs may have essentially toed the party line in this survey, it does not account for the fact that essentially all of the Independent economists said that Obama's financial plans are better than McCain's. And if they are a reflection of how Independents across America are thinking, then Obama is going to win. Also, it turns out that about a third of the Republican economists surveyed said that Obama's plans are better.

    That article is in an issue a couple weeks back, still available on-line at:

    http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=12342127&CFID=24946653&CFTOKEN=58463805

    The Oct 11-17th issue of the Economist is titled "Saving the System: the Panic, the Rescues, and a Special Report on the World Economy." Worth reading. It will help you understand what is really going on. http://www.economist.com/printedition/index.cfm?d=20081011


    More articles of interest:

    http://www.iht.com/articles/2008/08/31/business/31view.php

    http://www.newyorker.com/talk/comment/2008/10/27/081027taco_talk_coll

    http://www.youtube.com/watch?v=IDofbll86dY&feature=iv&annotation_id=event_922988

  • Posted By: Nins @ 10/22/2008 8:33:51 PM

    How to fix the economy:

    Elect Barack Obama and let intelligent people who believe in helping the middle class run the country.

  • Posted By: Nins @ 10/22/2008 8:32:54 PM

    It turns out that RNC has spent $150,000 on clothes for Sarah Palin. They also spent $100 for a romper and hat for little Trig, which he wore on stage at the GOP convention.

    A hundred dollar onesie? And these people are saying that Obama would be a profligate spender.

    Did you know that the outfit Cindy McCain wore when she appeared at the convention cost $330,000?

    The RNC says that later Sarah's clothes will be donated to charity. OK, so some homeless person will get to wear this stuff on the streets of New Orleans. (Maybe this is the RNC's version of "trickle down spending.") But wouldn't the homeless be better served by $150,000 donation to a shelter or a food bank than by designer clothing?

    Fifteen years ago, McCain wrote an amendment to tighten the law on using campaign funds for personal items like clothing and stylists. In May of 1993, McCain said this on the Senate floor "The use of campaign funds for items which most Americans would consider to be strictly personal reasons, in my view, erodes public confidence and erodes it significantly."

    I guess he forgot what his prior position was. Again.

    Just like he forgot that he used to be pro-Choice and pro-gay marriage and pro-immigration reform. He also forgot that he used to be afiliated with ACORN, and with G. Gordon Liddy. If he is lying to cover up what his prior positions have been, shame on him. If he really can't remember, maybe the detractors who claim his mind is aging are correct.

    One last thought: is the GOP paying for Bristol Palin's maternity wear?

  • Posted By: bobo546 @ 10/22/2008 8:30:44 PM

    We must do what got us here. We must re become the world leader. Business's must provide and manufacturer the best goods and services. Business's must hire all whether immigrate or not and pay them a living wage. If they are an immigrate make sure they are doing the paper work in becoming a citizen. This immigration thing is all about free or cheap labor for business's... they don't want to pay taxes!!! We must start having business's pay taxes again so employees can pay them also. We must FUND OUR TREASURY to become strong again. We are resorting to "GAMBLING SITES" to fund local and state needs. HOW pathectic!! Look around us AMERICA and see what taxes have given us when used properly>>>>

  • Posted By: olderwiser @ 10/22/2008 8:14:00 PM

    It's time to have the election. This stuff is turning in on itself. All we haven't done is to examine the dirt under the candidate's fingernails. That could be very important. To some people.

  • Posted By: pugs @ 10/22/2008 7:44:38 PM

    Ok newsweek back to the birth certificate you guys said was real. What hospital was he born it because one says the other and vice versa??? or was he just registered there and you guys saw the official registration certificate and not the official birth certificate. Do you guys still have it?? Easy to check if just a registration certificate and not a birth certificate??

  • Posted By: larryart @ 10/22/2008 7:32:03 PM

    Consider the source. All the experts have been saying that the economy was good and that we had measures in place to protect against this happening. Why would the president listen to people who not only were wrong before but are also up to their eyeballs in bad investments now. Most of them only have 20 or 30 years left on earth anyway. What would motivate them to find a long term solution. The bailout is about people in power staying in power. They rip you off with high interest rates when you miss a payment and want the government to step in when their ass is on the line. And keep in mind that the people who have the money are the ones that really determine who goes to Washington. Politicians do what their are told because they are paid to. A solid economy wouldn't need chearleaders telling us we have nothing to fear. A solid economy would roll on no matter what these people say. The president should listen to the people who knew this was coming and accuratly predicted how it would go down step by step. You know the people I'm talking about and congress has treated them like leppers. The idea that we can salvage the present world economic system with tax dollars is ridiculous. The white collar gamblers that deal in the world of dirivatives need to put on their gloves and go find another job. Now they want their bonuses but they sat by while our jobs went overseas or were replaced by undocumented labor. Stop the speculation and retrain the pencil neck geeks on Wall Street to build prisons or something. I doubt they could screw that up. Eliminate the tax code, the IRS ,about 2 million lawers, and all the lobbiests with one executive order. Tax people on consumption and tell congress that's all they get so get used to it. Government needs to downsize anyway. Realize that we cannot move forward without three things: Russia, China, and India. Get all the world leaders together in some place like Bretton Woods or Timbuktu and create a new finacial system from scratch and abandon the floating currencies, the futures and the red tape. Hey you knew their was risk in the market so eat your 99 cent noodles and shut up.

  • Posted By: yyba1 @ 10/22/2008 6:53:16 PM

    As the author of the NEW economic paradigm as below referenced in my posting, I refused nomination by its network club. Why? Most are a part of the problem, with no SOLUTION.
    Tky, YYBA

  • Posted By: yyba1 @ 10/22/2008 6:43:32 PM

    The G-9 macro SOLUTION to restore CONFIDENCE, both institutional and individual, as a function of both investment and consumption, is the NEW "central organizing principle" of the emergent NEW world economy, namely the NEW economic paradigm model that is the "Integration of Labor(sm)," developed as NEW Global Technology Infrastructure-GTI for creating tens of millions of good paying domestic sustainabel JOBS, concurrent with the retooling, retraining and re-educting of the entire US work force in its "new methods of work."
    Japan will tank first and the US will soon follow and then everyone will listen. And this did NOT even require a Nobel Prize in economics.
    Thank you for listening, respectfully,
    YYBA

  • Posted By: 8Nobama @ 10/22/2008 6:11:48 PM

    Maybe we could go back to the barter system. so, how many chickens is your house worth?!?

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