The reward for capital is at all time highs and even those rewards are going to
the wrong people.The capital they, the "capitalists" are
using is nothing other than socialism capital from the Fed given to them so
cheaply as to be considered free. Why then, if the capital is coming from the
people's governmental debt and the devaluation of our hard earned dollars
are the middlemen getting all the rewards for the risk they haven't
actually taken?The fed is comprised of the nation's largest
banks - they are the benefited middle men.The fed has become a
scheme for the wealthy to use the poor's money, labor and good-will to make
themselves rich for having never lifted a guilded finger. No, let THEM eat cake!
More federal spending is not really the answer, nor is more low-paying jobs. The
only real solution to our growing inequality, which lies at the heart of our
economic woes, is for more of the profit to go to those who actually create
it--the people who produce, ship, and sell the products--and less of it to go
into the bank accounts of executives and investors who are drastically overpaid.
We have an increasing imbalance between those who control capital and those who
don't. The results are inevitable.Worker ownership of
businesses makes sense on many levels. It creates greater incentives for workers
to work hard and create quality products. It discourages companies from shipping
jobs off to low-wage countries. And, most importantly, it puts more disposable
income in the wallets of the consumer class, so that demand increases and spurs
job creation. Our current system of supply-side, trickle-down economics creates
all the wrong incentives and leaves too many people out of the economic
equation. The result is that the consumer of last resort, the government, has to
pick up the slack.
This letter is wrong on many levels. First, more government is not the answer.
Just look at the past 100 years and the recessions that have occurred. Most are
over within 18 months to 2 years, except the Great Depression and the current
fiasco.Now, ask yourself, what is the difference? In 1920 we
experienced a recession that was equal to the recession that sparked the
Depression. Why did the 1920 recession last 18 months, and the depression last
11 years? What was the difference? The answer is simple, and is hated by all
liberals. The government did nothing except cut tax rates and cut spending.So why did the depression last so long? According to historians and
economists, the depression was prolonged as a direct result of government
intervention.History has taught us that more government spending is
not the answer, unless you are looking to destroy an economy.
You are saying we should have elected Obama. We did , however these policies
have not worked so far.The only way interest on our national debt can stay at 1%
is if the economey continues to flounder and unemployment stays high, so I
suppose we are OK for the next four years.