President Obama introduced his so called jobs plan, spending $447 billion. 51% of this is tax cuts, 31% is infrastructure and local aid and 14% of unemployment insurance. Firstly, it has been shown time and time again, tax cuts do not create jobs. We just showed one would be better off hiring people to cut grass with scissors than enact a payroll tax cut. The payroll tax cuts alone are $240 billion, or over half of Obama's plan.

If you’ve watched the collapse in Bank of America’s stock this past month, you’ve probably read that investors are concerned about the bank’s legal liabilities from the devastation of the housing market. Analysts usually cite the raft of lawsuits filed by just about anybody who had anything to do with the bank or Countrywide, which was bought by Bank of America when Countrywide was on the verge of bankruptcy. Analysts, however, don’t tell you the details behind these legal claims – what exactly did Bank of America do to earn its position as poster child for banking industry fraud? To the rescue comes a lawsuit filled with such details, from someone who has access to thousands of consumer complaints about Bank of America. The complaint was filed recently by the Attorney General of Nevada, Catherine Cortez Masto. You should take the time to read this lawsuit. It tells you in a comprehensive way what went wrong with the mortgage business from origination of the mortgage to foreclosure. But fair warning: be prepared to be nauseated. If Bank of America perpetrated even a fraction of the frauds outlined in this report, it raises a most serious question: why does this company still have a banking license?

Countrywide Sets the Tone

It seems safe to say no one is happy with the Presidential candidate field. Poll after poll shows strong disapproval with government and why not, with inane policies promoted by both sides.

Tonight is yet more political football with pundit coach potato quarterbacks featured on every cable news channel. It's another Republican debate.

So, why is a GOP candidate, a former Louisiana governor as well as Congressman, now running for President not there?

Because they wouldn't let him.

Buddy Roemer is running for President. Yup, a GOP candidate is talking about China, corruption in politics, trade and jobs. He's even picking up on one of Obama's empty campaign promises, removing corporate tax incentives to offshore outsource your job. Even more promising for broad appeal, it seems Roemer was once a conservative Democrat and switched parties. Hopefully that implies he might actually have an open mind to agenda that adds up by the numbers and makes economic sense, unlike most of the GOP field. Roemer also has a Harvard MBA and unlike Bush, didn't skate, so he might just have a little clue on economic policy that isn't made up by corporate lobbyists.

Paul Krugman shows the 2009 economic stimulus was not enough.  We've shown as have many others, tax cuts for the rich do not create jobs.   Yet, many criticized the $787 Billion Stimulus bill as spending, loaded with political favors and misdirected funds.  For example, 84% of the green jobs went offshore and build America bonds were yet another gift for Goldman Sachs.

The problem with the original stimulus wasn't that it wasn't big enough.  It was not smart enough.  What we need is true domestic stimulus.  If you're going to spend our money to stimulate our economy, stop shipping our dough to China instead.

Is this possible?  Can one stop the offshore outsourcing of jobs, especially jobs created with our hard earned taxpayer dollars?  Is there anything that can be done which actually goes to American workers?   Why yes there is.  First and foremost, all stimulus funding should have two mandatory requirements, Buy American and Hire America.  If a government is enacting Keynesian economic stimulus, they must keep that spending within the domestic economy they wish to stimulate.  The last thing America's workers need is stimulating China's economy and generating more jobs for them.