Economic Stimulus Packages needed! Bail out big auto. Bail out Wall Street. Next, bail out big oil because oil prices are falling. With the national debt now at more than $10 trillion (69% of the Gross Domestic Product) and growing, massive foreclosures of idiotic and now not-so-idiotic mortgages, the credit system in shambles, unemployment moving to depression levels, an unfinished war that is a black hole for resources and an economic stimulus package that will not work, this country needs a plan.
There are a number of reasons for the current economic problems. Some of the more popular candidates are major tax cuts, over extension of the military into two wars, and deregulation of Wall Street speculators. However, I feel the largest danger to this country’s economy and quality of life is our addiction to petroleum. That has to be severely reduced.