{ … if Mitt Romney were to do something similar I’d have to seriously consider voting for him.}

Romney is clueless about how to stimulate the economy. Consider this:{(AP) WASHINGTON – Mitt Romney says the Federal Reserve shouldn’t use new stimulus measures to boost the still-sluggish economy.

The Republican presidential hopeful says he doesn’t think another round of stimulus would help the economy, arguing that previous measures didn’t work.

Romney tells CNN’s “State of the Union” in an interview scheduled to air Sunday morning that business incentives are preferable to more government intervention.}

The first round of Stimulus Spending, early on in the Obama Administration (2009) helped cap unemployment at 10%. Because we have too little appreciation of our own Economic History, we do not understand that unemployment could have attained the heights of that Great Depression (20/25%) had stimulus spending not been enacted.

Furthermore, the Romney Guy says Business Incentives are necessary. This guy is a businessman? What motivates businesses to hire people? Goodwill? Nope. A tax incentive? Yes, but it depends. It depends upon what?

It depends upon their order-book. Meaning if they can meet Consumer Demand with present resources, no “incentive” is going to induce them to hire employees. It’s as simple as that and has been for the past two years.

And if there is insufficient Consumer Demand, what could be the reason? It is not the cost of money, because lowering interest rates has had no effect whatsoever on Demand. It is because of Consumer Psychology, meaning the economy is telling them to Save and not Spend. Why’s that?

Because when unemployment is high we all have an inherent fear of being the next-to-go. If so, how do we lower employment numbers and reduce that inhibition to spend more freely?

One guess … Stimulus Spending, preferably on infrastructure projects that put lots of people back to work and thus spending their Salaries that is now much larger than their Unemployment Insurance. This stimulates spending even further as consumer mentalities change.

MY POINT?

Let’s not be duped. The Rabid-Right, who maneuvered the T-Party (T for Troglodyte) into the HofR, has had since two years only one objective in mind. To keep unemployment as high as possible in order to impact negatively upon Obama’s reelection.

Think of all those Americans who have remained unemployed or under-employed all these years since the Great Recession started in 2009. Just because a group of incredibly selfish individuals want to regain the Oval Office. But why?

In order to make sure that nobody touches the Tax Code to do away with their loopholes or increase taxation to levels that existed before Reckless Ronnie reduced them from above 70% (now at half that amount).

FINAL POINT

Here’s how the TenPercenters have increased their “take” on income over the past forty years:

1970 — 31,51%
1980 — 32,87%
1990 — 38,84%
2000 — 43,11%
2010 — 46,26%
(From World Top Income Database, T. Piketty)

They now obtain nearly half the income our economy generates! And the Romney Guy wants to keep it that way!

FOOTNOTE

In a high-tax country, such as Europe, the taxation seen above would be between 30 and 33% of Total Income. Which is a way to assure that Public Services in Europe afford one of the finest National Health Services in the world; far, far better than the US. And their children do not graduate from post-secondary schooling with a debt-albatross (of about $20k) around their neck as happens in the US.

But we can’t have that of course. Because that’s “socialism” – the Devil’s Handiwork …

No, scientists do not need to be motivated by exaggerated greed. Gallileo wasn’t. Neither Newton nor Darwin.

As regards Green Energy Alternatives, what America needs most is a Carbon Tax that makes alternative energies (namely electric) more attractive to the consumer. Or a subsidy of alternative energy sources.

(I live in France and have installed geothermal heating, thus reducing my electricity consumption by 75%. The French government gave me a tax rebate on the equipment that made it affordable.)

Monetary motivations bring out the worst in people in a competitive spirit influenced by greed. Haven’t we had enough of that in the US? Or are we too stoopid to understand that which is happening about us?

On the one hand, we have people on the streets railing about money-grabbing OnePercenters and on the other hand we have a mindless youth adulating Lady Gaga who is a OnePercenter – like other celebrity rich.

Where is our sense of values when they are only measured by one’s Net Worth?

In the rubbish, I say.

This is how we could have/should have stimulated advancement with green energy. A combination of Yuri’s generosity and reality T.V. America’s got scientific talent could really inspire a new generation of scientist.

Especially if there is a humanitarian aspect to their scientific endeavors. We should be celebrating science and rewarding those hard working creative minds who better our lives.

Hope this Russian inspires a whole new wave of capitalizing on hidden talents – socked away in basements and labs.