Do you ever wish that you understood more? I sure do. I guess that it is a part of growing up but I have started to realize that I really don’t know a whole lot about much. I do know a little about quite a bit of things but I don’t really have a specialty. I’m not sure if I think it is better to be like this or if it would be nicer to have one specific thing I was good at. I guess I will never really know, but I should be happy with what I have.
Something that I have grown partial to studying is Financial things, be it learning more about how the stock market works, what causes fluctuations in the market, why stock prices rise and fall, or any number of things like that. In this twisted economy I guess these are good things to know.
Speaking of financial things I had a finance teacher today named Robert Haney Scott who made a solid point about stimulus packages (which I don’t really like the idea of) today in class. . He explained the stimulus packages differently to me than they had ever been explained to me before, he pointed out the reason for their being a stimulus package is to increase spending in our economy (which is obvious). But where does this money come from? It comes from taxes, which come from taxpayers. Which only limits the amount of money that those taxpayers would be able to spend. So if anything, these stimulus packages are pulling money out of the economy by having to fuel the government to disburse the package itself. Does this make sense? I’ll rephrase that:
In order to create a stimulus package the government must increase taxes and take away from the taxpayer to spend money that the taxpayer would have spent anyways.
So anyways, this sounds like a waste of money to me. That is how I feel about this new 900B dollar stimulus package that Our President wants to release and about the ridiculously large stimulus package that the Bush administration released last year.
Oh, and just so I go on the record saying it, I don’t think we should be bailing anybody out of anything. Bad management of firms got these companies in to huge financial trouble and these firms should be forced to dissolve. That is how capitalism works. The strong and smart survive while the weak and bad decision making die. I understand that this type of action (or lack there of) would cause this recession to last longer, but it would make sure that all of those firms that made bad decisions are not around to see another strong economy and make bad decisions to tear down our economy again.
Good Night and Good Luck!
With Love,
Zach Bay
1 comment:
Oh yes don't you just love how econimics works, I think that all of the member of the senate and house need to back to school and retake their econ course, so that can learn what a true Capitalist ecomony looks like and not be replacing it with a Socialist.
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