Exactly how does one build an economy "from the bottom up"? Remember? This was Obama's claim on the campaign trail and has been repeated by talking heads in the media and the administration (although those lines are blurry at best) but what does it mean? In a functioning economy, albeit in recession, it is still functioning and allocating the resources that have not been usurped by the federal government. So, what does one do to build it from the ground up? Does it mean empowering the individual to do as they please with their time and their talents? Does it mean that individuals can invest, take risks, and reap the rewards or suffer the losses? We have this already. I think what Obama and his left leaning friends mean we build up the bottom (give money to the bottom earners) by taking it from the folks who in Obama's estimation can afford to give up much of what the earn. Based on what I have seen from our new president this is the only conclusion a fair minded individual could draw because no one ever bothered to explain what he meant...assuming he ever knew. I suspect it was really just a good sound bite that made middle and low income people think they would get something from the government. I bet those middle class folks are going to be surprised when all they get is a higher tax bill in a few years and hyper inflation.
My investments are no longer worth what I paid for them. They are "under water" This is no fault of mine, I could afford the investments when I bought them. Maybe that is the problem, maybe I should have bought them on margin. Then I bet Obama would come bail me out like the folks who bought houses they could not afford with loans they could not pay back. Those people can have my investments soon because if Obama and his Treasury secretary who was too talented to reject because he is a tax cheat keep running their yaps, my investments will be worthless and anyone who wants them can have them. Why don't I get a bailout? My investments are worth much less than I paid for them through no fault of mine.
Does anyone in the Obama camp ever stop to wonder what will happen if the world buyers for our debt decide that they need a better return to invest in the shaky economy of the United States? Does Obama understand that the goal of a corporation is to maximize the wealth of the shareholders, not to create jobs? Companies create jobs because they have a need for a particular skill or resource as part of their efforts to maximize their returns. Jobs are a consequence of working to make profits. If Obama had ever held a job he might understand this, but since he hasn't, he doesn't.
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