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Strategies & Market Trends : Mu Gamma Lambda
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To: SmoothSail who wrote (7947)9/24/2001 6:38:08 PM
From: MulhollandDrive  Read Replies (4) of 10077
 
>>The theme that's constantly being repeated in the Media is go out and spend, support America, go back to living your lives. There's a lot of people out there who can't do that. The airlines alone have laid off 121,000 people but there were hundreds of other companies that were laying off people before this attack happened. Companies have spending and hiring freezes in force. Retired people have seen the proceeds of their 401k's and retirement funds disappear.<<

That's a very good point, Smoothsail.

And while we're thinking about "reinventing" in order to stay afloat......when is the last time we ever heard about a major "restructuring" or "downsizing" of the Federal Government.

Instead, what we are witnessing is the creation of yet another bureaucracy.

I had so hoped that perhaps this crisis would shake up some of the politicians out of the "business as usual" mode of thinking and recognize that people are hurting financially.

The biggest drain on our economy right now from my POV isn't that Americans aren't "spending enough" (look at credit card debt and delinquency) the problem is too much confiscation of earnings. Layer upon layer of taxation, much of it going to redundant bureaucracies.

Does anyone remember the Grace Commission Report established under Ronald Reagan?

My question to the politicians would be to quote RR...."Are we better off now, than we were then".
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