Today, the president sign the Unemployment Compensation Extension Act of 2010 that will extend benifits for another 6 months. But this is nothing new, the only difference is that this time the money is going to the unemployed, not the employed.
Remember back in 2008, when Bush issued out checks? I got one and I believe a few years earlier they issued them again. The were called Stimilous Checks and at first, I was told I didn't make enough money.
Can't you guys see this is as the same thing, the stimilous checks during Bush, the unemployment extension under Obama; they're both the same. There are there to keep us spending and here's why. Our Economy is based on "spend here and spend now." But this stimilous will not keep the economy going for long.
The big problem with capitalism, the economic system worse except all others is that it requires people to spend there money for this and that. I could never understand this at all because once you spent your money, well you didn't have anymore. Although you go out and earn some more and that is what was pushed on to me except I begin to wonder, what if there was no more money to earn anymore?
And that is the whole problem with our economy right now, is that there's less money to be earned. And the Capitalistic system has been in place for over 500 years now since the inception of the East India Company. We call the periods of "less money to be earned," depressions and recessions. And like anything of nature, which our economy is no different, it has cycles and season of birth, growth, aged, and Death. We call these seasons Spring, Summer, Fall, and Winter. And that is the problem with the entire system, it fails to accound the cycles, the aged and death, the fall and winter in our economy. As long as we have intellictuals and business man who fail to account for the fall and winter parts of our economy, then well have depression and recessions. How many people back in 2004 or 2005 and said, "our economy will go on like this forever." How many people back in 97 said that?
Now I'm not demanding we all become communist, or socialist, even though our economy is more socialistic in nature than capitalist. I'm simply asking those who make policy realize the nature of things and that things don't grow forever. I'm asking for a change in the way we plan, the way we see things coming around the corner. And as long as we have economist and CEO's failure to think long term and in cycles, we'll continue to have recessions and depressions in the future. A human Being doesn't grow forever, he/she eventually ages and dies. So do all lifeform on this planet. What makes you think you can go against nature, or if your religious, GOD.