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Thursday, January 17, 2008

It’s called a Recession

While all the politicians including the Hack in Chief of the United States are finally noticing that the economy is in a free fall the latest news everywhere is not enlightening on how to fix it. While one political party is calling for more tax cuts for the middle and upper classes the other is presenting tax cuts for the middle and lower classes. Stimulus tax cuts they call them. In a realistic world they would be called one layer of gauze tape to stop the bleeding of a lost limb.

Our nation is being bled dry not by outside influences but by our own behaviors as a nation. Rather than facing our worst fears we point out who is to blame and then head on over to Walmart or any other super store to save a few dollars on our household needs. It may not be fair to single out Walmart alone simply because every store you go into for any product your family needs and it has become increasingly harder to find products that are actually “Made in the U.S.A.”. Which should also mean made here and not just packaged here. All of the manufacturing jobs that used to make that tooth brush or that nail clipper or toaster are gone. Walmart is hiring part time workers though so you can make minimum wage being a greeter or cashier.

There is an enormous difference between a manufacturing wage and a retail wage. Huge difference! Our nations middle class economy is based in the manufacturing sector and when that is sold out to Wall Street and jobs shipped overseas, it tends to have a negative effect on local economies all across America.

Free markets without controls and rules are dangerous as ignored by the former majority political party and the latest reporting of the mega banks writing off hundreds of billions in foreclosed mortgages is outrageous. Without clearly written government rules, the industry of home lending is imploding on itself with bad loans for people that could not afford them to begin with and it is a self fulfilling prophecy. Greed will do that in a pyramid scheme when you leave the next guy holding the bad loan bag.

"We're facing a recession in the economy," Clinton told a predominantly black church outside of Los Angeles. "I know it's already arrived." - New York Times

"We don't know whether we are already in a technical definition of a recession, but what I know from traveling all across the country is families have been struggling for a long time -- even prior to the sub-prime lending crisis," Obama said in San Francisco. - New York Times

John Edwards… We have to strengthen and grow the middle class, which is struggling mightily in this country today. And one of the reasons that we've lost jobs, we're having trouble creating jobs, we're having trouble growing & strengthening the middle class is because corporate power and greed have literally taken over the government. - On the

Instead of a “Stimulus Tax Cut” lets look at the highest affect of the economy and largest creator of the American recession. Oil prices. Everything in your personal life is bound to the price of oil even if you are a new born child. All of the food on your table has a transportation cost to get it to the market and then to your refrigerator. I won't even start on plastic products which are all oil based. You are not alone when you think that three bags of groceries should not cost fifty dollars when it was twenty less than six years ago. Transportation cost are passed on to the consumer in every industry product on the open market except the ones coming from China? They may now call it Black China as an accounting term rather than a political one. Government supports in China make the products the cheapest in the world and the cheapest on the shelf here in America.

Instead of a tax cut, we should urge our government leaders to propose a Legal Aid for America. awyers with a free will to go get them attitude with a government badge. How many of the best legal minds in America would sign up for a commission basis result of prosecuting market manipulation in the oil markets from any sector. We could call it the Green Beret’s of the Justice Department and just the site of any single one of them in the lobby of any Wall Street firm or Big Oil companies front office would set off the sprinklers in the CEO’s pants. Prices at the pump would drop and so would the preposterous ten and twenty billion dollar quarterly profits reported by the largest of oil companies. Not to mention the hundred million dollar bonuses for the top of the top on Wall Street every single year.

We need strong leaders and a strong legal arm of the government that is not beholding to the President no matter who it is. Our economy is being sucked down the drain because the friends of this current President are at the end of the money pipeline with his time left in office.

It was rather ironic that recently the most powerful man in the free world was forced to beg and kiss the ring of the King of Saudi Arabia to open the spigots to relieve the world oil supply needs after being rebuked by the King’s Oil Minister. Now that tells you who is really running the world doesn’t it.

Then of course there is the bleeding of our treasury to fight a war that has no end in the Middle East. Our nation is sending so much money into this endless pit that it has become an addiction of pride rather than an admission of the truth. Can’t fix it, won’t ever be fixed, and the people that live there don’t want it fixed. And yet the American people are screwed by the King of America and the King of Saudi Arabia.

I know that I personally thank our President in my own special way every time I fill up my tank. How about you? Do you feel no longer like an American and just another money chip on the political poker game table? If you do then voting now is more important than ever.


Feel free to link to or steal this post…

Cross posted at Michael Linn and Bring IT ON!
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Anonymous Anonymous said...

This comment has been removed by a blog administrator.

11:54 PM  
Blogger Papamoka said...

Please don't try and sell things here. Thanks!

10:17 AM  

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