LEARN FROM OUR ENEMIES AS WELL AS FRIENDS

Hello,





The economic news that went out this week is not good. Forecasts that we are heading for a deeper and wider depression are rattling the windows at the White House. Although as news goes, it is based on assumption as is the whole field of finance.


What depressed the markets most practically was the the jump in unemployment to 500,000 in the second week in August since a modest drop was expected. The manufacturing sector showed a 13-month low in August, a substantial drop from July. These factors have diminished growth hopes as British retail sales rose and Germany's central bank predicted up forecasts of 3%.


It is an interesting comparison between Britain's recent gains and our losses. The election of David Cameron and a coalition government in Britain over 3 months ago was greeted by hisses and boos from the Socialistic government that has been running the UK into the RED, literally in recent years.


Pundits in the US have said that Cameron could be Obama's worst nightmare if Cameron's austerity campaign to reduce Britain's record peacetime budget deficit proved popular.


And so it has thus far. After 100 days of strong fiscal cuts in the top heavy Government programs, a majority of voters in Britain felt that the cuts were working and that Cameron's program of reducing benefits and entitlements was proving successful. The voters have indicated that they feel he can be trusted to make the right decisions for the economy, particularly since it was believed that Britain would look like it had suffered a lack of stability if fast corrections had not been made.


Britain's austerity plan is based on BUILDING a foundation for economic growth with a "fairer" view of society as well as allaying market suspicions "that Britain does not have the will to pay her way in the world", according to the deputy prime minister, Nick Clegg. The reaction to OVER THE TOP Government spending is being rejected by Britains. 'THE ROAD TO SERFDOM", a book written by Friedrich von Hayek, was recently revived and tops reading lists.


What does this mean for America? Hopefully, we can learn from the ultimate failure of British socialism and stop the headlong rush into the expansion of bills and programs that further the likelyhood of a bankruptcy situation in our land. A deficit can only be controlled by a more balanced outlook in the Congress. The US has to look to the elections this year to create that balance.


Americans are beginning to see the need for fiscal austerity but realize there are no clear cut or long range solutions for making the large deficits go away short of disaster. Solutions must be created within the Congress. The problems created by the huge health care reform bill booned by Obama and passed by the Congress has focused public attention on the problems of paying for it with monies we simply don't have after a major depression. Bad timing all the way around!!!!!!!!!!!! Raising taxes on diminished incomes is the road to poverty.


I read in the newspaper that when Obama was in China, the Premier asked him why he wanted to push the Health Care bill. China has had to back off most of its health care REFORM because of financial overloads. The East was always faster with the ABACUS (the origin of fast math before the computer) than the West!


IRONIC!!!!!!!!!!! Believe it.



The central tenet of national health care of the Chinese Communist program could not continue in that country because it was too EXPENSIVE!!!!!!!!!! So while the Chinese Government reduced its health care and adopted Western standards of Wall Street type markets and business competition, the US passed a massive program without the wherewithall to pay for it!!!!!!!!!GIVE ME A BREAK-HOW MUCH DOES IT COST TO LEARN FROM OUR ENEMIES AS WELL AS OUR FRIENDS???????????


The problems seem to develop in this country when we don't attempt that difficult MIDDLE of the ROAD balance. As mundane as that term may be, achieving a sensible balance is the hardest of all economic political philosophies.

Obama's policies have taken America far off center on the left into socialism and he has convinced Congress to follow him. He has refused to hear the American voters and their concern for his actions. His policies only offer increased taxation in an attempt to accomodate the costs and America has become too poor in this depression to be able to pay the bill. Really bad timing!!!!!! Will China (to whom we owe mucho debt) FORECLOSE on our HOUSEHOLD OF AMERICA????????????? If we bankrupt our country, then that possibility exists.

The crisis in the next two elections will rest on getting the Congress back into a more stable position and backing a President with ideas based on A REAL MIDDLE OF THE ROAD position that works best for our form of Government.


Whatever you decide about fiscal austerity and spendiferous spending, please go to the polls and make your choice known by choosing candidates who reflect your opinions and voting out the candidates who don't. And protect your polling places from any undue influence by those who seek to thwart your rights!!!!!!!!!!!



Cheers, Connie