Tuesday, November 25, 2008

Stimulus fabulous


As if splurging over a trillion dollars on bailing out f**ked banks and insurance companies weren't enough, the U.S. government is now approving a new plan to spend another $800bn on consumer credit banks. Just to allow people to spend even more of all this money they won't be earning next year since they've just lost their job-and probably wouldn't have earned either way.

One could certainly argue that something ought to be done to restart, or rather restructure the entire U.S. economy. The problem is, both the U.S. and the U.K. got into this incredible mess thanks to a propensity to spend money that they don't have, hoping that Chinese investors will bail them out in the end.

This totally spells disaster and it is rather incomprehensible that Americans are so worried about importing oil from the Middle East, which really accounts for about 20% of U.S. consumption of oil, whereas they're not worried at all about selling out the entire U.S. banking infrastructure to the Chinese.

If anything, this crisis ought to be an opportunity for the U.S. to reinvent itself into a lean, green society, where splashing money one doesn't have on buying a gas-guzzling SUV is, like, totally uncool. Not to mention anything about that 26-bedroom house with 100 plasma TV's-including one for the dog and the other one for the goldfish.

Over the years I have been used to thinking of my native country (France for those who haven't been following so far) as being backward and stingy when it comes to just about anything but as it turns out, frugality may very well be the only moral value that might save us in the 21st century.

More than anything, what totally baffles me is how the U.S. government is suddenly splurging money into the most inefficient sectors of its economy, thereby rewarding all the people who've been f**king up so seriously. Indeed, investing all of the U.S. government's liquidity into badly-managed banks and carmakers is simply ridiculous if you think of all the other things you could do with a couple trillion dollars.

So to be fair and constructive, allow me to make a few suggestions:
-free college education for mathematics and science majors. In fact free education for everybody!
-the world's most efficient public transport infrastructure, to save a lot of time and money and reduce greenhouse gas emissions and Middle-Eastern oil imports.
-a Manhattan project for solar energy,
-replace every car in the U.S. with a hybrid vehicle,
-venture capital funding for tech businesses, which are the driving force of the U.S. economy. Instead of bailing out GM, which is a f**ked company anyway, how about funding the next Google?
-send Jerome to finish his PhD at Caltech... because I'm worth it!

I invite readers to make their own suggestions =)

1 comment:

jpp said...

hello decool...
what about boosting "micro credit" ?