That’s Right Nate

A sophisticated bald gentleman who is an expert on both economics and the military–No I’m not talking about Daddy Warbucks from Annie I’m talking about Secretary of the Treasury Henry Paulson.  I saw him on CNN yesterday and I admit I may have been a bit off on my assessment of the economy being fine, but Pauslon has convinced me we’re in good hands.  The good news is we caught this thing at the very beginning of problems and we’re doing agressive actions before the real bad stuff that’s down the road in the next several years.  Perhaps if FDR had acted so quickly he wouldn’t have tried to make the United States into a nearly socialist country to try and jump start the economy before World War II did his work for him (Thank you Adolph).

Paulson admitted yesterday that the government saw the Bear Sterns collapse coming.  Thank goodness we have a government that cares and will help out a business that is having trouble making payments because they got burned by deadbeats not paying their bills.  We also got some good news yesterday as our trade imbalance dropped sharply.

There are some steps that need to be taken to get us out of this slump:

1.  Let’s get together and lower taxes on those with the money to invest in new jobs and American products.  The lower class and even most of the middle class don’t have the money to really help the economy, but the rich do and that is where our tax cuts need to be directed.

2. No more letting these deadbeats off the hook.  If you default on a loan, you lose your house.

3. Encourage more free trade.  With our weak dollar there has never been a better time for other countries to buy American.

4. With this weak dollar, let’s bring back manufacturing.  $10-15 an hour is no longer unreasonably expensive to pay a factory employee when you consider the cheap dollar.