The latest stimulus is not going to do it for America or for the world. The politicians continue to fiddle while Rome burns. Their plans are the same old politically motivated plans to get them re-elected. It would seem they have no other purpose in life.

What we need is a realistic recovery plan.

Let’s start with what got us into this mess: oil speculation. There are those who want to blame financial derivatives and the crowd on Wall Street. Commodities trading is the real culprit because all commodity trading is speculation on things like wheat, crude oil, gold and other material things. The trading is fueled by creating shortages – hoarding. There is no way to prevent commodity trading and it is something we have to live with. The one area the government should seek to regulate is crude oil.

The one thing that the United States government could do and should do immediately is to set the price of gasoline and diesel. These two fuels are responsible for the cost of manufactured goods and transportation f goods. When the cost of goods being manufactured in the United States is less than the cost of goods manufactured in China then the economy can recover. Those companies that moved their operations to China will move back to the States.  Without control over our fuel prices we are at the mercy of OPEC and cheap labor.  Domestic production of fuel is our greatest need but the politicians don’t see it or want to see it.

The second part of a REAL Stimulus plan has to be cutting corporate taxes. When companies are able to cut their costs they can and will reduce their prices in order to compete with foreign markets. We have the highest corporate tax rates in the world. The politicians need to get serious about stimulus and the only way to do that is cut corporate taxes.

The third thing and one that is hard for Americans to swallow is wage cuts. Unions have too long been able to bankrupt companies and that has to end. The airlines, the trucking industry, tire manufacturing companies and others have become shells of what they were because of the unions. It is time to wake up and see that something has to be done about labor costs. Is it better to have a lower paying job than no job at all? The auto industry is busy buying out employees in an effort to reduce their costs. Unfortunately they can’t do anything with UNIION demands because of the political backing of unions.

A realistic economic recovery plan will stimulate the economy far more than the big political stimulus plan. Your part in this is to send this article to every newspaper and politician you can think of. Let’s get real recovery going before it’s too late.