A Path Out Of the Woods

1"And(A) if you faithfully obey the voice of the LORD your God, being careful to do all his commandments that I command you today, the LORD your God will set you(B) high above all the nations of the earth. 2And all these blessings shall come upon you and(C) overtake you, if you obey the voice of the LORD your God. 3Blessed shall you be in the city, and(D) blessed shall you be in the field. 4Blessed shall be(E) the fruit of your womb and the fruit of your ground and the fruit of your cattle, the increase of your herds and the young of your flock. 5Blessed shall be your basket and your(F) kneading bowl. 6Blessed shall you be(G) when you come in, and blessed shall you be when you go out.

7"The LORD(H) will cause your enemies who rise against you to be defeated before you. They shall come out against you one way and flee before you seven ways. 8The LORD(I) will command the blessing on you in your barns and(J) in all that you undertake.(K) And he will bless you in the land that the LORD your God is giving you. 9(L) The LORD will establish you as a people holy to himself, as he has sworn to you, if you keep the commandments of the LORD your God and walk in his ways. 10And(M) all the peoples of the earth shall see that you are(N) called by the name of the LORD, and they shall be(O) afraid of you. 11And(P) the LORD will make you abound in prosperity, in(Q) the fruit of your womb and in the fruit of your livestock and in the fruit of your ground, within the land that the LORD swore to your fathers to give you. 12The LORD will open to you his good treasury, the heavens,(R) to give the rain to your land in its season and(S) to bless all the work of your hands. And(T) you shall lend to many nations, but you shall not borrow. 13And the LORD will make you(U) the head and not the tail, and you shall only go up and not down, if you obey the commandments of the LORD your God, which I command you today, being careful to do them, 14(V) and if you do not turn aside from any of the words that I command you today, to the right hand or to the left, to go after other gods to serve them." Deuteronomy 28:1-14 NASB

A Reality to Remember: The last eight years, with the Bush-Cheney policies, have proven beyond any doubt that cutting taxes for the wealthy and/or patronizing Special Interests neither stimulates the economy nor does it create jobs. What we have experienced really indicates the exact opposite. Small businesses and all businesses simply do not thrive and hire people because their taxes are lower but rather grow because the economy is good and because people are spending money; that is simply Business 101 honesty. Then the reality is that the way to increase income for businesses and even for the wealthy is to simply insure more people have more money to spend. The ???trickle down??? theory is a fraud as our economy has always been more of a ???bubble up??? action and then stimulating it at the bottom really does benefit everyone. The rationalizing that more consideration for the top end stimulates the economy is not only false but it causes the focus to be in the wrong place and to be counter-productive for everyone. Giving more money to those who already spend all they want on whatever they want only makes the wealthy wealthier and likely stimulates campaign contributions but not the economy. That is one thing the Republican Party under GWBush???s leadership has thoroughly and clearly demonstrated and is something that should be remembered.

US is trying to move the crisis to other countries now. If the writer like, US could ask India to buy!!!

China's power is based on a zombie workforce getting paid nothing and working 15 hour days, but slowly seeing the way the west lives and plays. They will rebell and demand change, hello unions...Why I ask cant any oth the other industrialized eastern or south american countries produde like China? I think America has more options, we can find outher poor coutnries to produce but good luck finding other bloated countries to buy.

How should we deal with the nation which owns our national debt?

Very, very carefully.

And respectfully.
And respectfully/.

What are you talking about. Democrats simply will print money. Extra-spending is the most stupid think to do now, but it will happen.

The economy team needs to look at crisis areas and addresses them head-on one-by-one.

To deal with mortgage default crisis, the government can create a system or agency that allows government to do the following without red tape:
1) Pay off mortgage in for-closures to banks by BONDS
2) Create a BUFFER PERIOD during which these bought-out for-closed property can either: A) be REFINANCED with fixed low interest and payment level that the current owner can manage in the long run or B) be REUSED OR RESOLD while the current owner be discharged of the current mortgage without affecting personal credit history
3) Provide DEFAULT INSURANCE for the restructured mortgages by government's own mortgage default insurance company or agency

For near-bankrupt companies with plummeted stocks; the GOVERNMENT CAN TAKE OVER ONE-THIRD OF SHARES, allows financing for employees to own one-third; and leave one-third for the public

Building roads and promoting green energy are for long term. The more urgent need is to make industries competitive. For instance, it is not efficient for many countries to produce whole vehicles. All automakers are seeing sales plummet due to current global crisis. It is more efficient and competitive for a country to produce an automobile part that is cheapest for the required qualities; such as auto body in the USA, engine in Japan or Germany, upholstery in China. SPECIALIZATION needs to go hand-in-hand with global free-trade because it allows all to grow without impeding competitors??? growth.

Saying goodbye to Globalization is a good thing! Look what free trade and globalization has gotten us, it has gotten us dependent on China to buy our debt. Zakaria is such a fool, when he wasn't talking about how great India is I heard him talking about how great free trade is. He said "Globalization is a good thing, with this economic slump we can rely on other countries to invest in us and pull us out of this mess." First off, I don't want to rely on other countries to finance us, I think its a horrible thing and it undermines our national security. Second, the only reason a country like China has all this cash is because we let them dumb products on to our market and we also let them run up huge trade deficits!

The biggest stimulus has already begun, lower crude oil prices. U.S. consumers will save more than $500 billion per year due to lower crude oil prices and when we account for the multiplier effect, lower crude oil prices will stimulate the economy by more that $1.4 trillion dollars (see www.jethroproject.com/tjpmultipliereffect.htm).

The root cause of the economic problem was the spike in crude oil price, which was a direct result of the Bush Administration destabilizing the Middle East by invading Iraq (see www.jethroproject.com/Energy%20Prices-Rev4.pdf).

China should not view as a bank of first resort; rather we should look internally for increase productivity and technological innovation. Moreover, we should expand trading with Latin America and Africa.