We do need tax reform in America. We need to lower the tax burden on our small businesses, manufacturers and exporters. We need to flatten the income tax and make sure capital gains are taxed the same as earned income. We even need to consider a national sales tax to make sure that prostitutes, pimps and drug peddlers are made to contribute. What we don't need is the Republican Lie that one sided tax reductions that benefit Wall St's Super-Elite will "pay for themselves."
The Progressive Liberal
Thursday, January 26, 2012
Banks aren't bad people.
You're right that banks aren't bad people. Banks and multinational corporations aren't human beings. Do banks cook food? Do banks drive? Do banks fall in love and make love? I didn't think so.
Furthermore, we have millions of Americans that are drowning in their own homes. We need to begin thinking about methods to reduce foreclosure rates and to make home ownership more affordable for the middle class. Yes, I know that would mean less of a bonus for people like you.
I'm not a radical socialist. I don't think we need to kill the banks with a special tax like some people believe we should. I even supported TARP during the financial crisis. However, I do believe we should allow home owners to refinance at lower rates and I do believe banks should be looking at different methods for reducing the foreclosure rate. Middle Class America is hard working and Middle Class America has earned the American Dream.
Monday, January 16, 2012
Baking Your Way to the Goldilocks Economy
In a distorted republican world in some parallel universe, you can bake your way to economic growth, innovation and job creation. In this universe, all you need is a degree in home economics and you are more than equipped to solve the world's financial woes.
Indeed, to them, it's as simple as baking an Apple Pie.
Yum Yum for the tummy tum.
Until Thursday, David Spence (R), a Missouri Gubernatorial Candidate, had claimed on his campaign website that he “earned a degree in Economics” from the University of Missouri. But on Tuesday, Jake Wagman of the St. Louis Post-Dispatch pointed out that this was a bit of a stretch — Spence’s degree was in home economics."
A New Deal Coalition for a New America
According to the American Society of Civil Engineers, we're going to need to begin investing $3 trillion dollars during this decade to rebuild and maintain our existing infrastructure. We've neglected our infrastructure for far too long. Instead of maintaining our roads, highways, bridges and pipelines, we've lavished massive windfalls on the super-rich and on big "defence" companies like Lockheed.
During a time when there are millions and millions of Americans that would like a full-time job and can't find one, wouldn't it make sense to launch a New Deal "Public Works Administration" to make these much needed investments in our nation's infrastructural well-being?
In Western-Europe and Asia, men and women are boarding high-speed trains which link different countries to one another. In America, we don't even have high-speed rails connecting our states. In Germany, the Autobahn is in much better condition than Interstate 95. We need to be following these examples.
We need another New Deal Coalition to lead this nation to greatness. We need "leadership" that has a plan for dealing with today by preparing us for tomorrow. We need a national high-speed rail system. We need to repair our Interstate Highway System. We need to make sure we have modern pipelines in our urban centres instead of rusted and leaking pipes that breed water contamination and waste.
Furthermore, given the water shortages which we are now facing, I believe the time has come for us to reconsider the North American Water and Power Alliance. The North American Water and Power Alliance was first conceived as an idea for providing America with a guaranteed source of water and energy.
Infrastructure and construction spending yields a big bang for each invested dollar. Each $1 billion we appropriate for infrastructure will yield an estimated 18,000 jobs for hard-working middle class Americans. A broad-based "Rebuild America" New Deal would create millions of new jobs and would ensure that we remain at the cutting edge of economic, social and technological progress.
Sunday, January 15, 2012
Mitt-Romney: Making Money By Sucking You Dry
On the one hand, the video is one sided. I am sure that Romney's Capital Firm did contribute to the creation of a few jobs here and there. On the other hand, he is a man that made a killing and sucked the lifeblood from thousands of hard working Americans. He is your typical Wall St. Corporate Raider. A trail of closed factories, closed stores, joblessness, poverty, foreclosures and homelessness have followed Mitt-Romney's Capital Firm.
You have to watch this video from the begging to the end!
I believe the information surrounding this video provides us with one more reason to reinstate New Deal Regulation on the financial sector.
Tuesday, January 10, 2012
"Free" Trade Is Ruining Us.
I am a lifelong fan of internationalism and trade. I believe economic integration will lead to political integration when it's conducted in a manner which will benefit all sides of the equation. The problem today is that "free" trade isn't free at all and is skewed toward foreigners in Asia.
As a nation, we're running massive and unsustainable trade imbalances which have transformed us from the world's leading creditor to the world's leading debtor. During that transformation, we've witnessed millions of once high-paying middle class jobs being outsourced and exported to China, Japan and Korea.
All of those Asian Countries have a record of using Mercantile Policies and techniques to undermine our nation's manufacturers and exporters. Mainstream economists have estimated that undervalued currencies in those countries are harming us. The Chinese Yuan and Japanese Yen have been undervalued for decades and we're witnessing a ballooning trade deficit with both of them.
Meanwhile, the Chinese, Japanese and Koreans are benefiting from booming economies that are producing millions of new manufacturing jobs. We are a nation which once led the world in industrial production and now we're falling further and further behind in sector after sector.
In 2010, America registered a $275 billion imbalance with China. Go to the store and you'll see "Made in China" on every corner. China's undervalued cash has allowed Chinese manufacturers and exporters to screw us here in America and in China and there is nothing we can do.
Japan and Korea also use China's Mercantile Policies to harm us. In 2010, we ran a $60 billion trade imbalance with the Japanese. The Japanese have been undermining us since Reagan was in the White House and we now owe around a trillion dollars to Tokyo's Bank of Japan.
Furthermore, the Chinese and Japanese aren't even willing to debate the issue. China believes it deserves to have an undervalued currency even with their booming economy and high inflation rate and the Japanese are banking on exportation and cheap cash.
According to the World Trade Organization, we are well within our position to institute Anti-Dumping Tariffs on Japanese Auto-mobiles, Korean Steel and Chinese Auto Tires. You know that America is being screwed when a global institution, such as the World Trade Organization, is recommending protectionism for us.
The problem is that our Congressmen and women haven't been willing to take charge on the matter. Warren Buffet, a multi-billion dollar world renowned corporate executive, offered us his Balanced Trade Act, which was introduced in 2006 for Congressional consideration. Warren's Trading Bill, had it passed, would have eliminated our trade imbalance and would have spurred serious high-paying job creation.
I believe all Americans should make trade a serious matter in this election and should Write Editorials, Call their Congressman and Endorse Warren Buffet's Plan for getting us back on track and saving the American Business and the American Worker from a corrupted trade regime which is undermining us in favour of foreign and multinational special interests.
Monday, January 9, 2012
American Fascism
Republican Candidates are looking more and more like fascists.
All of the "Front-Line Republicans" call for oppressing homosexuals because "homosexuality is a psychological illness."
According to Psychology Today, researchers have discovered that men suffering from homophobia, a diagnosed mental condition, are more likely to respond to Gay Pornography than open-minded men.
"I'm a bigot because I believe what the Bible teaches."
No, you're a bigot because you advocate second class citizenship for millions of Americans based on your own personal lifestyle choice.
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