Tuesday, September 27, 2011

GEITHNER: "the pricetag is the wrong way to measure ... there is no other option on the table for getting the economy moving and putting more people..

    Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill’s worth.

    And he also pointed out, in an interview today with ABC News’ David Muir, that there is no other option on the table for getting the economy moving and putting more people back to work.

    “You’ve got to think about the costs of the alternatives,” Geithner said when asked about Harvard economist Martin Feldstein’s calculation that each job created by President Obama’s American Jobs Act would cost taxpayers about $200,000.


    Correct me if I am wrong, please, but isn’t Geithner expressing that:

    Cost of generating jobs on a per job basis is irrelevant
    (in actual business where a profit is nice, cost of doing business usually figures in there somewhere)

    There is no more efficient way to create jobs than THEIR way

    Therefore, THEY KNOW BEST in the government how to grow the economy

    So why not run a centralized system run by those who have the most efficiency and know best?

    Oh, right, it’s been tried.


    It has lead in most places to abject poverty across the board for the vast majority, resulting, after collapse, in oligarchical crime mobs controlling a large sector of the economy and politics where the same people switch places every now and then while controlling the means of state violence, and the rest of the economy.

    In ONE OTHER place it has morphed towards non central enterprise but with monitors in workers dormitories so they who operate the means of production don’t KILL THEMSELVES. Otherwise no problem.

    Here is a low burden solution, Geithner

    1. FLAT TAX only for people and businesses. Or National Sales Tax and NO OTHER TAXES.
    2. Fix FREE TRADE to ensure equal working conditions to American workers wherever products which enter the USA are made.
    3. Cut 100% of Federal Programs in month 12 of this by 10% INCLUDING ALL NON MILITARY FEDERAL EMPLOYMENT, and then 5% each successive year INCLUDING ALL NON MILITARY FEDERAL EMPLOYMENT until the debt is GONE
    4. Get out of the way. Including EPA regulations based on some future fears, restricting them to actual present scientifically measured dangers which HAVE RESULTED in health damages.

    “If the alternative plan is to sit there and say we’re going to cut our way out of this by just cutting spending, that would make the economy weaker. Or we’re going to sit here and just complain about regulation. … That will not do anything to help the average family now still suffering so much from the crisis.”

    Only the government can effect the NEEDED changes now, you see.

    If you really believe this, Mr. Geithner, take the total cost of the plan, divide it out and send each suffering family (those working part time only and or unemployed or in frank poverty by your own def.) a check, then implement the simple plan above and go bye bye. We have 22% now in poverty.

    Let’s do some arithmetic.

    330,000,000 people x 22% = 66,000,000

    $400 billion for your plan/66,000000 people = $6060 per person. So a 4 person family unemployed, or underemployed, but certainly in the bracket defined by your own federal poverty levels would get $24,000.

    $24,000 for re-education. $24,000 to pay bills. $24,000 to buy food. $24,000 to fix the car to go get interviews. $24,000 to PUT INTO SAVINGS AND CAPITALIZE THEMSELVES to perhaps move where the jobs are. And all you need to make that INVESTMENT is a stamp. So knock off $.41 per check.

    But you wouldn’t want to do that, I mean that would be socialism. Much more efficient to create grant programs for business that come into existence through donors which cannot succeed, and reward them? Or give another tax ‘incentive’ to the ‘Immelts’ going in and out of the political class’ revolving door

    We have evolved into a joke.


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