Reaganomics RIP September 19, 2008

I have not written in a while. My previous post marked the beginning of the end of Reaganomics. In the Pollyanna state that the US has adopted over the last thirty years it was useless to continue to be “negative”. Today will be recorded as the Death of Reaganomics. Treasury, FED and Whitehouse representatives finally admitted that the “fundamentals of the economy are not sound!” The immediate financial cost to the US taxpayer will be in excess of 1 trillion dollars. Unfortunately this money will have to be repaid in the toughest economic times since the 1930s.

For those who care, this bailout is a bad idea. The money should be used finance infrastructure reconstruction. Congress should be focusing on making business pay the real costs of good produced in foreign countries adding criminal responsibility for US importers and retail locations when foreign products kill or harm US citizens. Healthcare should be nationalized and banks seriously reigned in. No one will listen. It is true that our government is the face of the people. It is our own fault. See you in the bread lines.