ARE YOU DEPRESSED YET?

ARE YOU DEPRESSED YET?

Amidst the “pomp and circumstance” President Obama met his commanded audience in the center of a well-choreographed stage delivering his “plan” to put people to work. Although he was met by hand shaking, a few hugs and an occasional peck on he cheek; the hand clapping, also a requirement in these circumstances, does not truly reflect the guests approval of his plan or his presidency, nor that of the John Q Public while the most recent polls indicate the lowest in his administration. Depending upon whose poll to believe it is somewhere between 29 and 42. Most people are aware of all of the above, except for his true followers who love him when he is in his campaign mode.
However, my point is this:
He frequently said during this speech that the new “Back to Work” plan would be paid for.
He says that he will be addressing how it will be paid for next Monday.
And that he will be giving more details on how it will be paid for the Monday after that.

Isn’t that a little bass-ackward? When I make out my monthly budget, and if I have an unexpected expense, I first look at my usual and unavoidable expenses and then see what I can cut back on to meet the unexpected one. What I don’t do is meet the unexpected one and then try to find some cut backs that allow me to do that. I have a limited income with a small amount of cash to pay for optional choices. I would not want to put another expense on a credit card thus diminishing if not exceeding my “optional choice cash”.

It is my feeling that I would view the “Back to Work” plan more credible had the president began with telling us what “cut backs” would be made to afford the cost of his new “plan”.

I also question the impact that a reduction of payroll taxes will have, not only on the economy but on any individual earning only minimum wage. Any individual earning $8.87/hour will earn $1400.00/month. If 6.5% of that is the current amount of the payroll tax it is $91.00, reduced to 3.5% tax as suggested it would be $49.00/month. Oh yes, sounds pretty good but it isn’t even one days pay which would be $70.00, $49.00 would hardly allow for the increased cost of food and other necessary cost of living expenses being imposed by state and local taxes.

I have also notice that it is not uncommon for the Dow to go south the days following an appearance by the president.

Well, blah, blah, blah and whine, whine, whine…. what else is new? It could be “High Alert” in New York and DC with the approaching anniversary of 9/11. I fail to see why we call it an anniversary, since most anniversaries are celebrated for a positive experience. (Much like everyone calling a convicted felon Mr. Or Mrs./Ms). What’s that all about? Isn’t Mr., Mrs. or Ms a form of respect? It could be the raging fires in Texas, the flooding water, evacuations and devastations on the East Coast. Oh and lest we forget the wars we are involved with in the Mideast.
So now if you aren’t already depressed, YOU SHOULD BE!