When the Democrats controlled both houses and the White House did they?

kids electric cars china image

Barney the

just show up and vote "present"?

Or did they use their historic opportunity to balance the budget?

Answer
They decided the best thing they could do, was to jump start the economy, by shooting it in the foot with Obama Care, and then they broke out the national credit card, and decided to go on a spending spree. They spent, or borrowed and spent (almost make you miss the tax and spend dems), money on such high priority projects such as....

$25 billion annually maintaining unused or vacant federal properties
$60 billion annually wasted in health care fraud
$9 billion annually Earned Income Tax Credit overpayments
$2 billion annually by Conservation Reserve program pays farmers not to farm
$600 million annually in food stamp overpayments.
$120 million annually in school lunch program abuse costs .
$800 million annually in veterans' program overpayments cost
$50 million annually for U.S. Postal Service selects an average of 1,125 employees daily, to sit in empty âstandby rooms", and do nothing, due to over staffing
$146 million annually in flight upgrades due to federal employees refusing to fly coach
$15 million annually by the National Institutes of Health to rent a labs it cannot use
$20 million annually for prisoners getting SSI relating to their alleged disabilities
$1.4 billion in overpayments to disability beneficiaries
$112 million paid out by the IRS to fraudulent returns filed by prisoners
$423,500 stimulus funds to find out why men don't like to wear condoms
$2.6 million training Chinese prostitutes to drink more responsibly on the job.
$1 million in stimulus funds for a genitalia-washing program in Africa
$1 million stimulus grant to researching gay males penis size
$400,000 stimulus grant research in Buenos Aires bars on gay men's risky sexual behavior
$1.44 million stimulus grant to study male prostitutes in Vietnam
$239,100 stimulus grant to study of how Americans use the Internet to find love
$168,766 stimulus grant study sexual behavior of monkeys by analyzing monkey feces in Africa
$3 billion re-sanding beaches (even as this new sand washes back into the ocean).
$50 million in erroneous refunds to 230,000 Medicare recipients
$3.9 million by Securities Exchange Commission, rearranging desks & offices at its headquarters
$2.5 million in stimulus checks sent to the deceased
$10 million to renovate an abandoned train station that has not been used in 30 years
$100 million on unused flight tickets, Defense Department bought, never bothered to collect refunds even though the tickets were refundable
$2.8 million stimulus sent to a Wisconsin nursing home that didnât need or request it
$ 50,000 a piece for paintings of high-ranking government officials.
$356,000 stimulus grant to study how kids perceive foreign accents.
$900,000 in federal stimulus funds on a new bike signs in Oregon, even though the city already has similar bike signs, which it plans to leave up.
$200,000 stimulus grant to study why political candidates make vague statements
$615,000 so the University of California at Santa Cruz could digitize Grateful Dead photographs, tickets, backstage passes, fliers, shirts and other memorabilia
$1.2 million spent trying to find out if a mother rat on cocaine will abandon her babies
$535 million stimulus loan to Solyndra to create green jobs making solar panels. The company is now bankrupt, laying off over 1,000 employees. Sending those jobs overseas to China
$2 million stimulus funds to send researchers to the Southwest Indian Ocean Islands and Africa, to capture, photograph, and analyze thousands of exotic ants
$296,385 in stimulus funds to study âdog domestication"
$2.4 billion spent by Congress on 10 new jets the Pentagon insists it does not need and will not use.
$450,000 by the State Department on a art shows in Venice, Italy.
$529 million stimulus loan Energy Department's to the start-up electric car company, in Finland

Basically by most estimates, they spent $533,000 per job, saved or created, by the stimulus plan. By using Washington DC math and way of calculating, unemployment is running around 9%. In reality, it is more like 16%.

How can a poor developing country encourage foreign FDI?

Q. So far here is what I got, let's keep this real.

- Cheap labor
- Poor regulations
- Strong intellectual property rights
- Low taxes (<10%)
- off shore banking

What else?

Answer
Investors are interested in locations where:
1. They can feel that the bar of entry to a given industry isn't ridiculously high (e.g. you need to hire 25 lawyers in your company before you can attempt to build and sell an electric car)
-> LOW REGULATIONS
2. They can feel that what they build will be theirs to enjoy (e.g. no government or mafia there saying - we'll take half of what ever you build because we need it the cash to go attend the next G20 photo shoot really it's extremely important I go there with my wife and kids)
-> LOW TAXES
3. The social structure set into place ensures that what has your name on it - remains yours to keep. I.e. the legal infrastructure is set such that nobody can come and easily steal "material stuff" from you.
-> PROPERTY RIGHTS
4. The rules that are set are there to stay and no-one can show up suddenly and decide otherwise or go retroactive and say ooops, know what, effective 5 years ago, every factory built on land XYZ is not allowed to engage in solar panel production
-> THE RULE OF LAW
Besides (if I may):
* The US paid the greatest salaries in the world for two centuries and attracted loads of FDI and the guys invented everything (the guys could say let's go for electricity and boom, there it was, in all houses, sure right now, what next, water, same thing, over night, want a car, sure, what, want to fly, there you go, airplanes, what else, walk on the moon, my of course why not - etc etc)
-> CHEAP LABOR is not a factor usually. Actually the cheaper the labor the lower the skills of the people you higher and the more mistakes and troubles you are likely to have with your problems so it may be counterintuitive but CHEAP LABOR is not in the list.
* Strong intellectual property rights are ALSO not on the list, and are not to be confused with "Property Rights". To this effect I can recommend a very recent video found on YouTube by Kinsella called "How Intellectual Property Hampers Capitalism"
-> STRONG IP RIGHTS are not a factor either
and you just need to look at how the world works today, every penny is running towards China today where the guys are allowed to just build and invent and try and test and here's bread, and here's bread with raisins, and here's bread with raisins and chocolate, etc etc - whereas the countries with Microsoft complaining every other day about no this "idea" is mine and no this was my "idea" etc tend to usually trap capital and impose delays on the speed at which a society moves into the future so people need to be quite careful with IP rights. More URLs I can recommend in the below lines.
Hoping this helps & good luck. Read everything you can find on www.mises.org.

Powered by Yahoo! Answers

Title Post: When the Democrats controlled both houses and the White House did they?
Rating: 92% based on 925 ratings. 4 user reviews.
Author: Unknown

Thanks For Coming To My Blog