[Plainsman]

I sure don't want anything Rooseveltian. His new deal was no big deal, or worse than nothing maybe, and his social security program has been raped by his own party. He prolonged the depression he didn't end it. They only thing that saved his behind was WWII. Some wonder why we were not warned about Pearl Harbor, some say we were.

The only thing they did right during the depression is have people work for their money. I have always thought if people can't find a job, don't just give them welfare, have them work. They could go out and clean a ditch, work with a road crew, restore a wetland, haul rocks for a farmer, anything but sit on their behind drink beer and watch TV at the taxpayers expense.

Backs big fed stimulus
By Jay Fitzgerald
Saturday, October 25, 2008 - Updated 3h ago
+ Recent Articles + Recent Blog Entries + Email + Bio Boston Herald General Economics Reporter
Jay Fitzgerald has been a journalist and blogger for years. He's now the general economics reporter for the Boston Herald.
E-mail Printable (18) Comments Text size Share (0) Rate
The nation's battered economy needs an old-fashioned "Rooseveltian lift" of regulatory reforms and government spending on the infrastructure, clean energy and other sectors, U.S. Sen. John Kerry said yesterday.

Kerry, facing a re-election challenge from Republican Jeff Beatty, rejected GOP calls for more tax rebates to stimulate the economy, as was done last spring.

"I am for a stimulus package. I am not for a stimulus package that just sends out checks," said Kerry at a Boston Herald editorial meeting yesterday.

Instead, Kerry said the nation needs to spend more in areas that will both help the economy in the short run and long run - such as on roads and bridges, clean energy initiatives and life sciences.

Calling current financial woes the most "complicated economic time we've had since the Great Depression," Kerry said new approaches are needed to reform the current financial system.

"We're operating with old institutions that are incapable of responding fast enough, dealing with vast sums of money that cross boundaries in different financial centers," said Kerry, who plans to provide more details of his economic agenda Tuesday at North Shore Community College in Lynn.

Democrats in Washington are pushing for more New Deal-like spending approaches for helping the economy, while the Republicans support boosting the economy via tax cuts.

But asked to respond to Kerry's economic remarks, Beatty's camp made references to a famous anti-Kerry crack by former state Senate President William Bulger and to rumors Kerry might be in line to become secretary of state if Barack Obama wins the presidential race.

"The only thing we know about John Kerry's 'plans' is that printed on the bottom line is JFK - Just for Kerry. We just wonder how he's going to get all this done from inside the Secretary of State's suite in Foggy Bottom," the Beatty camp's statement read.

 

[rmh]

I will probably get flamed for this but we're NOWHERE near needing the massive government programs that are being contemplated. Unemployment nationally is in the 5.5%-6% range-one half of what it was during the early 80's during the last major recession. And that rate used to be considered "full employment" with a lower rate being unacceptable because of the risk of inflation. The Great Depression saw rates (and these are estimates) of 30%-40%. Some of the New Deal programs were probably warranted and the Depression didn't really end until WW II. I realize that areas, like MI and OH, have higher rates but folks there will eventually do what people have always done-pick up and move where there are jobs. I did.

 

[JustAnotherDog]

Kiss your 401k retirement goodbye

House Democrats recently invited Teresa Ghilarducci, a professor at the New School of Social Research, to testify before a subcommittee on her idea to eliminate the preferential tax treatment of the popular retirement plans. In place of 401(k) plans, she would have workers transfer their dough into government-created "guaranteed retirement accounts" for every worker. The government would deposit $600 (inflation indexed) every year into the GRAs. Each worker would also have to save 5 percent of pay into the accounts, to which the government would pay a measly 3 percent return. Rep. Jim McDermott, a Democrat from Washington and chairman of the House Ways and Means Committee's Subcommittee on Income Security and Family Support, said that since "the savings rate isn't going up for the investment of $80 billion [in 401(k) tax breaks], we have to start to think about whether or not we want to continue to invest that $80 billion for a policy that's not generating what we now say it should.

Source: http://tinyurl.com/bye-bye-401k

The dems want absolute control over you from cradle to grave and the grab for control of your retirement is just another brick in the road to socialism where the government knows what is good for you more than you do.
I can't find the link right now but Sen Barney Frank is said to have legislation waiting for Obama's inauguration to present to congress to do just this.

 

[hunter9494]

f-them and the horse they road in on............