Wednesday, October 22, 2008

Say what?

I started this as a comment, but it got too long. So I decided to make it a post:

Okay. First, take a deep breath.

Next, Socialism is a form of the control of the ownership of the "means of production and distribution of goods". In other words the State (government) owns the business. There is nothing (that I know of) in Barack's plans that qualify as Socialism.

Where are you getting this idea that Obama is going to raise taxes? I believe that his plan is to cut taxes for the middle class--that's you and me.

Hoover did not cause the Great Depression. While the causes of the Depression are argued over, the most common theme that I see is the fact the a majority of the people lost all of their savings and no one had any money to spend, which in turn caused our consumer-driven economy to fail. Taxes were not involved. The scary thing about 1929 and 2009 is the commonality of the credit bubble which collapsed in both periods.

I have always rejected the premise that the President is at fault for, or can fix, the country's economy. At most, the Federal Reserve Board (that would be Ben Bernake) can control, to a certain extent, the flow of money and credit. The mess that we are in right now is a direct result of people believing that they can spend more than they make. The credit bubble has burst and we are headed for a difficult, but necessary, recovery.

I have also been thinking about what you said about Tim proving that anyone can go to college. Well, my kids have been blessed. And Tim worked two and three jobs to pay for school. (In 4 years of school he only asked us to pay his tuition twice). The point is that he was able to find jobs and work his way through school. He's a white boy from a middle class family and he had that opportunity. Do you really think that a black boy, or brown boy, from a poorer family has the same opportunity? I don't. They don't have same job opportunities. They don't have the same educational opportunities. But they should.

1 comment:

Julie/mom said...

My point of college was go to PCC - or your area's version.

I DO think a black, chinese, hispanic person all have the right and opportunity to go to college. You HAVE to make the right choices about your future, then work REALLY hard.