Thursday, March 25, 2010

What a difference a year makes? makes no difference at all in Japan

Don't laugh yet but we're following in their footsteps...

What's that saying about insanity?  "You keep on doing the same things over and over again expecting different results."  Does this mean Japan is insane?  Ah so deska... Soo desu nee...

February 2009
Japan’s Big-Works Stimulus Is Lesson (Source: New York Times)

HAMADA, Japan — The Hamada Marine Bridge soars majestically over this small fishing harbor... continued
Japan’s rural areas have been paved over and filled in with roads, dams and other big infrastructure projects, the legacy of trillions of dollars spent to lift the economy from a severe downturn caused by the bursting of a real estate bubble in the late 1980s. During those nearly two decades, Japan accumulated the largest public debt in the developed world — totaling 180 percent of its $5.5 trillion economy — while failing to generate a convincing recovery.
Read full story here

Imagine that!  The largest public debt in the developed world!  Well lets see if we can fix that by doing the same thing over and over again.

One year later...March 2010
Source: New York Times

Japan Passes $1 Trillion Budget to Boost Economy
By Hiroko Tabuchi
Published: March 24, 2010

TOKYO — The Japanese government pushed a record ¥92.3 trillion budget through Parliament Wednesday aimed at stimulating growth in the long-stagnant economy — another round of spending that will add to Tokyo’s already burgeoning public debt.
... continued
"The record budget, worth $1 trillion, for the fiscal year starting in April will pay for Prime Minister Yukio Hatoyama’s ambitious stimulus agenda, including cash handouts to households with young children, free tuition at public high schools and income support for farmers."
Read the full story here

Sound familar?  Somehow this seems to be echoing in the halls of the United States Congress.  And whats going to happen with all this talk about public debt...both here in the United States and Japan...and all the rest of the free falling countries like Greece and Spain... and lets not forget Zimbabwe...

You read that right!  Thats one-hundred-trillion dollars and its about to happen to your money if you continue your wicked ways... electing wicked people like Pelosi, Reid, and Obama.  Further, your wicked ways are just what the United Nations desires of you for all wicked people end up in the United Nations... Don't believe me?  Well just keep on doing  the same thing over and over again.  You will get the same results! ~ Norman E. Hooben

1 comment:

redhawk said...

Yeah Norm... BUt they don't have Barney Frank and Krook Dudd in charge of Finances...