There are many who think that the Global economy sometimes needs to be pulled down a peg or two every time the Global middle class becomes stronger in order to maintain control of the Global reigns of power. There are many different groups around the world who think this is necessary and they do not hesitate to cooperate with each other at times when the deed needs to be done. When there is too much competition by new players in the world markets, the traditional and long established powers lose control, power and business. So a recession does not affect the big players as much as we think because competition makes them lose more money and Market Share than a recession sometimes does, it is a calculated gamble that they are happy to take. Recessions are a way for them to get cheap contracts for everything, from Countries and businesses that are hard hit by economic woes.
This is how they make their Trillions and keep a strong-arm control on the Planet's resources. Governments and Politicians do not control anything ultimately, they simply do the bidding of the Global, Multinational companies and other interested parties, eg Royalty around the world. The Republican party and its minions are privy to this knowledge and the players who are involved and at this time are trying to have a second, harder thrust in their efforts to expand on the Bush recession, which to their surprise President Obama was able to stabilize. It is a daily occurrence to observe the Conservative Media, on TV, Radio and News print, use their scare tactics to negatively harp on the possible strengthening of the recession and the spending the Government is doing in order to stop it.
How are they trying to achieve a double dip you ask? The simple answer is Economies are houses of cards built on the ears of the consumers. Knowing this, economists usually affect the Stock Market and the economies of the world, by suggesting ups or downs in the markets , economies and stocks, and seeing these effects happen in real time, minutes after the words leave their lips. Knowing this, a large scale cry by the Republican media, is being done in order to scare people to hold on to the vital monies they have that is needed to run our economy and all economies.
They are purposely encouraging people not to spend, and is scaring people into increasing the recession on themselves. The loss of 37 Trillion dollars on the Stock Market did help create the depth to the Bush recession, as alluded to by Alan Greenspan. The Markets are key. Knowing this the Republicans are trying to re-do the Stock Market plummet again, by eroding confidence in the Markets, at home and Globally as the foreign markets are dependent on the American Stock Market.
This is all proven with the simple remembering of then President Bush and his minions, who all called for the American public to go shopping when we needed that economic shot in the American Financial system... "As we work with Congress in the coming year to chart a new course in Iraq and strengthen our military to meet the challenges of the 21st century, we must also work together to achieve important goals for the American people here at home. This work begins with keeping our economy growing. … And I encourage you all to go shopping more."
It is said..."The federal reserve is an evil organization that thrives on death and misery. The ultimate goal of the federal reserve is world domination and population control. All the major wars were started with the help of the federal reserve by using fake actions or blatant inaction. Useful idiots and brainwashed followers have helped the federal reserve look legitimate, but it is really just a gang of super rich criminals that only care about themselves and no-one else."
This from ThinkProgress.org
The consensus from leading experts is that the original stimulus was too small for the magnitude of the crisis. Forty notable economists and historians, including Joseph Stiglitz, Alan Blinder, and Mark Zandi, recently signed their names to statements calling for more government stimulus. “The urgent need is for government to replace the lost purchasing power of the unemployed and their families and to employ other tax-cut and spending programs to boost demand,” they wrote.
Fed Reserve Chairman Ben Bernanke — who Boehner has praised in the past — has said that deficit spending is critical in the short-term and that pulling support from the stimulus isn’t the right solution. “At the current moment…the large deficits, as unattractive as they are, are important for supporting economic activity, and they were important also in restoring financial stability,” he said. “And so I think they were justified in that respect, and I would be reluctant to withdraw that support too precipitously in the near term.”
Full article by Faiz Shakir at http://thinkprogress.org/
I leave you with the links below to see the depth of this issue... Corporations, through the Financial system, run the world.