{"id":3041,"date":"2010-01-24T16:15:02","date_gmt":"2010-01-24T21:15:02","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=3041"},"modified":"2010-01-24T16:15:02","modified_gmt":"2010-01-24T21:15:02","slug":"capitalism-is-the-path-to-prosperity","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2010\/01\/24\/capitalism-is-the-path-to-prosperity\/","title":{"rendered":"Capitalism Is The Path To Prosperity"},"content":{"rendered":"

Well at least that was the point of the letter that JOANNE C. DELALLA wrote to the Worcester T & G<\/strong><\/a><\/p>\n

I keep trying to explain as in this reply:<\/p>\n

Joanne doesn’t get the economy. The Obama stimulus plan has worked amazingly well for as far as it went. The stock market is up 60% from its low last March, before it started to tumble after Scott Brown’s election.<\/p>\n

The health care mandate will ease the burden on corporations of rapidly rising costs of health care insurance that they provide for their employees.<\/p>\n

The President has taken action to spur the private sector at the very same time that Olympia Snowe and Susan Collins (R. Maine) removed the part of the stimulus that would have prevented rising state and local taxes and state and local layoffs. When you stimulate one part of the economy and shrink another, you are canceling out your attempts to help.<\/p>\n

How do we stimulate new capital investment when huge parts of the industrial sector are lying idle from lack of demand? You would have to be a pretty foolish capitalist to invest your capital now when you already have idle capacity and you may need that capital to stave off financial disaster.<\/p>\n

A strong dollar will make it more difficult for our industries to export. Since the local consumers have finally realized that they cannot count on rising real-estate values as extra income, they are cutting back on purchases to pay off debts. If they won’t provide the purchasing power to stimulate demand, exports are our next best bet.<\/p>\n

If Scott Brown succeeds in immediately cutting government spending, the economy will go into a nosedive the likes of which we haven’t seen since the Great Depression when such foolish policies were last practiced.<\/p>\n

Those of us who understand that the federal government’s interaction with the economy is on a scale unlike any average consumer, will try to continue to explain that you cannot model government policy solely on what a small consumer should do with their own budget.<\/p>\n

If people start to open their eyes and learn, perhaps we can avoid the disaster that their misdirected ideas will bring about.<\/p><\/blockquote>\n

I ran out of characters before I could get in the last little dig.\u00a0 If only Martha Coakley could have explained this, perhaps she would be a Senator elect.<\/p>\n","protected":false},"excerpt":{"rendered":"

Well at least that was the point of the letter that JOANNE C. DELALLA wrote to the Worcester T & G I keep trying to explain as in this reply: Joanne doesn’t get the economy. The Obama stimulus plan has worked amazingly well for as far as it went. The stock market is up 60% […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-3041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/3041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=3041"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/3041\/revisions"}],"predecessor-version":[{"id":3042,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/3041\/revisions\/3042"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=3041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=3041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=3041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}