Congress voted George a $25 a week raise yesterday, plus approved his pay for several more weeks, I think (it is hard to get specifics, I guess the exact number of weeks depends on where you live, maybe?), and he is not going to have to pay taxes on part of that ($2400, I think). All in all I am happy to get more money.
I do not know if this will actually help our economy or not, but at least they did not just give all the money to the banks this time. I think all the trillions of $ they gave to the banks was just money down the pockets of the bankers.
I heard an 'expert' (historical economy, I think) of some sort on PBS last night talking about what to do about the economy. He said, the key to if our country (or any country) would survive a major economic downturn is how much the downturn actually effects the rich people, because they are the decision makers in any economy. The more the decisions makers are insulated from the effects of their decisions, the less motivated they are to make decisions that actually turn the economy around.
Our bankers are not as rich as they were last year. But, then, I am poorer than I was last year. When the bankers qualify for food stamps we will see real change.
2 comments:
And I read this morning the congress even stomped the executives a little more...and as one guy said there are always ways around it ...bonuses. but I also agree the press is watching every move and they will not slip anything by without us knowing...also the sanctions also apply to the banks that all ready took buy out money...sort of retroactive....They are complaining now they won't be able to get the best people...well the 'BEST' people got them in a mess I don't think I would be crying because we could not buy the best people...
I remember during the 30s...Roosevelt said he would have to make the money worth nothing so the rich would spend what they had. It did not really work...WWII actually brought us out of the depression. I don't want that end to this.
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