Wrong Financial Stimulation Plan Again From Obama Team

Wrong Financial Stimulation Plan Again From Obama Team

I don’t know how Obama Team collecting real information and study on the information about majority American people situation. I don’t know how they understand what we really need to help this economic environment.


Increase the infrastructural work, repair road and utility is not a bad thing to do for most of country try to help a economic. It is also not bad compare only extend unemployment benefit. But Obama Team forgot calculate how much employment can be increase.


Repair road in United State is a kind of job use much less employee but heavy equipment instead. On the other hand, this kind of job is controlled most by union worker. Which will cost government a lot more for much less effect. Union worker such like people holding flag direct traffic guy even make at least $35 to $50 per hour plus all the benefit and pensions which equal to $65 to $80 per hour cost of project each person. As a private construction company owner might only make $50 per hour during good economic, and now they might have no job income and private income with no unemployment benefit at all.


I got water department replace new water meter, it is estimate $12,000 to $14,000 dollar real charges is  $11,000 but I don’t think they can make profit, because they have big loader and excavator, big dump truck, big equipment truck, 3 guy drive equipment and, one plumber, one plumber helper, one guy hold shovel, one guy hold pick, one guy hold broom, one group leader, and one supervisor. So many guys to do this 3 hour job. If this is a private company do the work, they only need two guy to finish it and maximum 3 guy, still only work 3 hour to get job done. And the job might just cost $5,000 and still have profit.


About business spending encouragement is another unbelievable awful idea. Most of small business almost out of business, and they have all lost credit to get any of business loan. They all live on minimum savings try to hanging through this economic situation. How can they spend extra money to get deductions. They don’t even have any profit at all. This idea is such kind of jock.


Small housing investment and Construction business is the area lost employment and wealth of American. But housing still under water, for the all government tax and rules cost licensed contractor has no way to compete with none licensed handymen crew on the bid estimate. Since this kind economic, owner need do construction all worry about spend too much, they would rather take risk to hire cheaper none licensed crew. This kind of crew never report tax, they get paid by cash, they don’t pay tax, they don’t need any company spending tax deduction.

increase asian people travel posibility, country like China and India Malasia, HongKong, Taiwan, Korea, they have a lot of people rich enough to spend vacation in united state, or sent their kids, and family live in here even they don't want become United state citizen. the big spending from out side country, is the only way to release the presure from locally. it will creat more company profit especially small business profit, it will creat job on retail, traval related, housing, those business much close to the mojority of american. and it is instant increase business without any special time frame. temporara population increase is the best and fast way to help. just think how to help them get in and enjoy the life here is much easier to do and acurate to our economic situation at all.

I do hope Obama have a department can really gathering information from bottom of America people. So they can find the real solution to help our country back on track.

 God bless American!

Financial policy idea for Obama

Financial policy idea for Obama

Compare Government Policy

In between Us and China

Both wall street and main street talk about how to get our people out of the economic hole. Look like fed out of bullet to help.


While, the problem every one know is, if Fed can not raise interest, and also can not keep printing money. If Fed raise interest, and White House cut spending will let economic slowdown. If Government keep printing money, it will have serious inflation. It is truth. Does Government really know what is going on? Does Government really know what to do?


Few more problem I would like point out:


First: For government spending, it has been proved but not working properly, why? Our Government has a worse system then Chinese government’s system for the time being. The efficiency of Government work is so low, unbelievable low. It is much worth than Chinese Government 20 years ago.


Reason 1: all our Government worker have powerful union protected. Look like our country care about human right a lot. But actually the system always protect a small group of human right and lose majority people’s human right. For example the Department of Mortar Vehicle, which is the one of our government department we deal with the most. No mater how many people waiting. All the workers work with the same easy way, because they don’t care people out side waiting, they don’t care how much government spend on them. It is doesn’t matter if they can not finish they will get pay anyway. Why get same pay and deal with more people, it is government job not private company. I can not get fired by doing slow, but I might get blamed if I rush to make mistake. I don’t get paid more by doing fast, I only get pay more if I work over time. Does any one pay a big attention to think all those worker is burning the whole country taxpayer’s hard working since most of our country job market is come from small private business, and most of our tax collected from middle income working people? Does any one think or point out the slow and not efficient government working employee and system violate whole country people’s human right? No! not at all! Because we get used to be in FAKE SOCIALISIM environment for a long time like China used to be. Even we tell the whole world we are a CAPITALISM COUNTRY. What the private company do if suddenly have more customer coming in, either hurry it up maybe can get some bonus if work hard or boss will lose the job.


Reason 2: our Government have no power to move everything forward like Chinese government. Think about Olympic in Beijing, Chinese want to win the respect form the world, which good for Chinese people. They care about whole country people’s human right for this special event, they can force all high pollution business move away out of Beijing within the short period of time with no argument, even they didn’t respect the right of business. So what?


Second: Print more money drop the value of US dollar and push Chinese Yuan value up. It is has been proved wrong as well. Why? Our government still live in old years. We think we can have china keep buy our government bond because US dollar is the only currency tie in to Gold. And Chinese government have the most money not Chinese people. That is wrong!


Reason 1 since Chinese economic already tie into the whole word. They are learned and have ability to plan the best and trade the best, they don’t have to only buy US treasury bond as a protective safe investment.
Reason 2 since Chinese economy going so fast and china has their own big market which every one want to get into it. They are not fully depends on US market, but all the big US business which already get into china need US market for our self.
Reason 3 since china open up for so long and economy going so quick, it is not only government have money, but also Chinese peoples have money too. To improve our country economic need open our self to Chinese not only to government but also to Chinese people. China create 7000 millionaire per day. They want to buy property when US housing market under water. They want buy most expensive brand merchandise from US, they want move part of their business in to US. Do we have policy to encourage them? No not at all. Actually, we did reversed. We want check every penny Chinese bring in to our country so Chinese rich people afraid to expose their money in to US; we push Chinese yuen value up, so they don’t want to buy our house property or brand merchandise from US. High Corperation tax and income tax scared away most of medium size Chinese business come to US. On the other side, china still give all new forien or joint venture company big tax reduction within years and years.


In conclusion our government should open up mind, go out learn some from Chinese or any other country, stop cheating our self and open mind. Make Chinese spend real money in to US. It is win win situation. And it is only way to bring back our economy.
God bless America!