Spenders Needed for Our Nation

The trillion dollar infusion by Obama even if well meaning is just a delay of the inevitable. It is no different if an old man was pumped full of amphetamines. After it wore off he would still be an old man. The American consumer also gave the economy a burst of energy when given unlimited credit, but when unpaid it brought them back to a harsh reality. We have seen our heights and must settle down to what we can afford to spend.

The West has lost its technical advantage. China and India are no longer industrially backward nations. They both have first world research and development abilities and have become players in a world of technical over capacity. The dream of the U.S. producing the only 21 century quality auto is admitted to be a fantasy by auto engineers. The best the U.S. can do is to be competitive in a world that shares its industrial know how.

Consumer demand drives 75 percent of the American economy. We have been on a wild spending spree led by easy credit. Unfortunately the party is over and suppliers of the party goods are now going broke. Unless consumer demand is met in a more responsible way the U.S. will go into a deep depression. Trillions of government stimulation dollars can only give a jolt to an old man that has seen better days.