Feb 17th, 2010
Today, President Obama said it was because of the federal stimulus bills and Federal Recovery Act that has caused the economy to grow six percent as opposed to a decline of six percent that would have occurred without these massive economic spending bills. However, to me, it seems as though they increased the size of the economy by roughly fifty percent. Over the last two years or so, the U.S. government appears to have infused an estimated five trillion dollars ($5,000,000,000) into the economy – albeit most of the money seemed to go to the impoverished financial sectors (regardless of whether this sector truthfully need it, but maybe they probably need the cash to pay for the bonuses of their executives).
So, anyway, if the U.S. economy was originally at an approximate GDP of fourteen trillion ($14,000,000,000), and then the U.S. government infused more than a third or a quarter (or whatever) of the GDP into the economy with a stroke of the pen (regardless of where the money may have actually went), it would seem that the economy should have grown more than six percent, right? (And these numbers don’t even address the seemingly nearly corrupt fiscal policy of the Federal Reserve System in a systematic devaluing o f the U.S. dollar.)
Furthermore, given the seemingly long-standing dishonest nature of the US government, and in light of the fact that this government is apparently well practiced at having its ‘cake and eating it too,’ I would venture to guess that these stimulus bills had nothing to do with helping the average person nor helping the U.S. economy as a whole. I would put forth that during the boom years of the Clinton administration, the fat-cats in power (like the Federal Reserve) realized the threat to financial sectors of the realistic possibility of the U.S. nation paying off its national debt. If the national debt were to be paid off, there would be no need for U.S. bonds and the massive portions of the financial sector would have neither bonds to trade nor any real reason to exist.
I hereby put forth that I believe this recession was likely orchestrated by entities such as the U.S. Government and the Federal Reserve System. I believe this recession to be merely a ‘smoke screen’ to hide what is really happening. I believe that such sinister deeds were likely undertaken to prevent the possibility of the U.S. government paying off its debt and therefore whole sections of the financial sectors would no longer have been necessary. I think that the financial sectors and bankers such as the Federal Reserve (which is not a government agency), in this regard of ensuring U.S. government debt exists long into the future, has no concern for the well-being of the American people whatsoever. I believe these high-powered entities that likely organized this recession are so self centered that they only care about their own profits and have no concern how many regular-type American lives are ruined in the pursuit of the financial sector’s goal of insuring the continued existence of American government debt.
Ok, add-on after thought (Feb 25th, 2010): I’m not necessarily saying that I necessarily believe that the government and Federal Reserve intentionally set-out to ruin the livelihoods of so many Americans, as they have apparently recently done with this latest recession/depression. However, I think during their massive devaluation of the dollar – in some sort of semi-veiled attempt to maintain the world-wide preeminence of the American economy by tying all economies to the success of the dollar, they then realized that the ploy was all destined to fail in ruin; and, they figured that they were in so deep at this point that they might as well keep devaluing the dollar so the Bush administration would look better through dollar devaluation and subsequent price inflations such that President George W. Bush did not leave office in the midst of a recession like his father, President George H.W. Bush, had done years earlier. When they saw the massive recession locomotive train coming the other way on the same rails and on a collision course with their tactics, they just decided to milk the fruits of their seemingly failed plan for all it was worth, ensure a long life to sustained American government debt, laugh all the way to their own bank, damn the torpedoes, and the livelihoods of the American people as well!
Adam Trotter / AVT
PS. Of course, we are all aware that if the United States were hypothetically to seek to join an organization such as the European Union, that the U.S. would be barred from entering such an organization because of the level of our national debt in relation to our GDP.