Eric Casagrande (24 Jan 2008)
"RANDY'S POST - STIMULUS PLAN"

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Hi John & All:
 
Just a quick correction on what is probably a typo from Randy's post.
 
The $9-trillion-plus figure mentioned is the national deficit itself. It works out to a little over $30,232 per individual based on the current population level of the United States.
 
Now in regards to the recent $150 billion economic stimulus being put forth by President Bush, and the 0.75% cut in the prime lending rate yesterday, by the Federal Reserve - that is nothing more than a brutal raping of every American citizen (taxpayer or not).
 
First of all, the $150 billion is not being borrowed from anywhere, to the best of my knowledge. The money is allegedly coming from income tax payments from either the previous or current year. So the government is actually doing nothing but sending back some of the money you have already given them in your tax filings. The government isn't actually contributing anything.
 
The manical beauty of this whole charade is this: It's a win-win situation for the federal government and the White House. If people spend the rebate given to them, big business will have a temporary rise of income (until the money is all gone), and pay more taxes -- so the government gets it all back anyways. But if on the other hand people simply put the money away in the bank for a rainy day -- the problematic cash flow recently experienced by the banks is solved.
 
You gotta love their mindset.
 
Now stop and think about this for a minute -- who will actually get the rebate in question? Well if you're paying income taxes then you're good-to-go. But what if you are someone on welfare, or you've lost your job and your unemployment benefits have run out? Tough luck, buddy, at least as it's currently planned. But as I said, even if the people spend everything, it's like giving an extra-strength tylenol to a person with cancer -- nothing but an extremely short-term delay for the inevitable to occur. Until Presdident Bush leaves the White House.
 
When the Federal Reserve responded on Tuesday with their interest rate cut of 0.75% (which is massive), it was nothing more than a panic attack reaction to where the world is headed. Word is they are also talking about another cut at their regularly scheduled meeting at the end of January. But what can they do -- keep reducing the interest rate until it falls to zero percent?
 
If the average boardroom Joe-Blow attempted to manipulate the markets the way both the White House and the federal government are currently blatantly doing, he would wind up getting ten years in the slammer. But because this is the White House and the federal government, everything is justified. I hope no one is offended by my analogy, but it's like a brutal gang-bang rape occuring in broad daylight, right in front of everybody's eyes - and they have absolutely no remorse or shame because they view themselves as untouchable.
 
The Lord spoke to my heart just prior to Christmas, and told me that a line has been drawn in the sand with the passing of the 40th anniversary of the Jewish recapture of Jerusalem - and that from here on out we will see an exponential increase in both political turmoil and the manifestation of evil in the world.
 
See ya in the air,
 
Eric