Since 1913 and the Federal Reserve Act, the US has only one option to put money
into the economy.... borrow from the Fed. This insanity has created wars and
entitlement programs.J Ruben Clark worked for the American
international corporation between the 1st and 2nd world wars. He gave a speech
where he disclosed that this corporation that he worked for was buying up all
the industries related to war, and that they were planning WW11. He called it
the secret combination prophesied by Ether chapter 8 in the Book of Mormon.When the banking dynasty bought up corporations for ten cents on the
dollar during the great depression and planned for a world war to run up the
national debt, Clark sounded the alarm. But there were few with listening ears.
@ultrabob, I like your point about patent law, however you're distorting
Zingales's position. Zingales readily acknowledged taxation WON'T
replace regulation; he merely proposes taxation in lieu of OVER regulation in
some cases.@innocentbystander, I told my political science teacher
in 1979 that the left/right political continuum was "laughably flawed,"
but he didn't think it was funny -- perhaps because he was also our mayor.
Speaking of mayors, Rocky and Huntsman?! Really?! BTW, "trickle
down" DEFINITELY works, as Bill Clinton proved in the 1990s. Clinton embraced supply side economics (at least in part) and even reappointed
Reagan appointee Alan Greenspan to oversee the Federal Reserve to continue
Reagan's fiscal policies.Then when the Republicans took over
Congress, Clinton balanced 4 budgets in a row, paid down the national debt with
surpluses, and REDUCED capital gains and estate taxes (read: tax breaks for the
rich). The result of cooperative bipartisan leadership? HIGHLY
discontent political parties (remember Monica?), but prosperous Americans. Seriously, the problem isn't the policies of the left or of the
right, the problem is partisanship prevents people from WORKING TOGETHER FOR THE
GREATER GOOD. Political parties are now the problem, not the
The problems with big government and corporations may be two sides of the same
coin but the solutions offered by the Tea Party vs. the Occupy Movement are
polar opposites. I spent days researching the Occupy Movement and traced it
directly to the Zeitgeist Movement, an organization I studied a few years ago.
They began as an anti-Christian forum and moved into the political arena.
Extreme socialism is their answer to our problems. The Tea Party believes in the
principles of freedom, not social force. Looking at the underbelly
is necessary when all most people see is the Cheshire smile of organizations.
Reading Zeitgeists own website and their claims, and then researching those
claims is enlightening.
PART OF THE PROBLEM IS THAT TOO MANY PEOPLE ARE USING THE OLD DEFINITIONS OF
"RIGHT" AND "LEFT". We need a new look at everything.
Political correctness and narrow definitions keep us from seeing our true
situation and our many obvious common grounds from many corners of the political
universe. The flat line, left/right thing is out of date. But the drama and
gridlock between the two parties--which overthrew older ones but now cling to
all political power--is ridiculous. We are fighting over contraception, which
was settled 50 or 60 years ago, while ALEC is about to hold their national
convention in Salt Lake. This corporate-funded lobbying group writes national,
state, and local legislation for legislatures which is divisive, destructive,
and accelerates the trend of sucking the wealth up to the 1% while talking
"trickle down" which has not worked. America is ruining itself as the
land of opportunity for anyone willing to work hard, and instead
passing/resisting "stand your ground" laws and evangelical political
messages. The corporations who fund these politicians and the written
legislation they hand to "our" representatives are laughing all the way
to the bank. Huntsman or Rocky are better choices.
Zingales says:"If you look at part of the reason why the middle
class feels so squeezed," Zingales says, "it is not just because wages
have not gone up that much, it is also because the cost of healthcare and the
cost of education have gone up so tremendously.” “And
those are two sectors that are not exposed to foreign competition.” “They are not even exposed, in a lot of cases, to internal
competition.” “So we need to generate more competition
in those sectors in order to contain those costs and make people feel and enjoy
a larger share of what they make."My response:American workers are in direct competition with foreign competition, not only
by foreign workers, but also by foreign workers coming to America. Then
there’s the competition of robots, automation. More competition for human
labor will drive down wages further. As for the healthcare, there is
very little if any competition. That condition is enforced by the monopolies,
near monopolies and patent laws that favor them. And I’m not
even sure I want unregulated competition in the health care industry.
I cannot understand how a learned person can lend his talent and wisdom to just
one side of the conflict of business against the people. If tea
party and occupiers are two sides of the same coin, the most important thing
about that is that they are opposite sides. They face in different
directions.The Tea Party wants to do away with government regulation
of business. Zingales confirms that and would replace it with a tax. Without
regulation, how would our government insure the quality and proper preparation
of products for the general public. How would you calculate the tax on peanut
butter from an unclean production environment and that which made in a clean,
sanitary, and healthy environment. People of a society have the
right to determine, specify and enforce the adherence to their proper needs and
wants. They exercise that right by the regulations on production and processes
through their elected government.If you take away regulations on
quality you take away the freedom of people to know what they are buying.
Quote from Mr. Zingales: "Here if you fail, it is mostly your own
fault."Could someone clue Mr. Obama in on this idea?