Today is 22nd December 2012, a day that is considered to be one of the most auspicious this year by Drunwald Melchizedek.
Over this week, most traffic has found its way to my website and blog via Google.co.uk, followed by Stumbleupon (Tops for so many weeks, 2nd this time, but never mind), Facebook, LinkedIn and t.co.
Thanks to the staff at all these companies, who do a fabulous job all year round. I am grateful they list and index me so people can find me.
Who is the tenth richest man in West Bengal? That is a question fed by someone in Vietnam onto the zillion dollar brain (Google). I don't know, mate, but the richest man in West Bengal is Sanjiv Goenka, reputed to be worth over $750 million (there are 40 billionaires in India, but none so far in Bengal, which shows the distribution in wealth in Bengal is more even as it is a wealthy region, full of potential for further development).
The solutions towards solving the fiscal cliff just make people laugh. A tax burden of $1,000 on people earning $30,000? That is absurd! The rich paying a little more if they keep the first 300,000 or so for themselves won't hurt anybody. But the people on lowest incomes paying $1,000? That's an idea to make the nation feel well with laughter. If there is sympathy, and the people at the lowest rungs keep more of their earnings, then the economic momentum can widen and pick up speed, from the bottom up. That is the clue, by grace of God, a Recovery and then Prosperity from the bottom up. If the vast majority are able to eat, drink and be merry and buy houses, then the people at the top will prosper further, with the economy running smoothly.
My suggestion is that the Obama administration with support of the Republicans can help create jobs for many many millions, as probably Mitt Romney would have done, for people on $30,000 to $50,000 per annum. Create jobs for their children and households. The more the better. As Abraham Lincoln would have said, the Good Lord loves the poor, that's why there are so many of us.
A broad-based Recovery will create wealth which will help reduce the budget deficit in future years.
In the meantime, a stimulus will not be out of place. Indeed, it will be necessary and prudent.