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Solutions for our economy.
Tax rebate is the wrong move for our economy. We need to fix our economic policy.
Lets be real, this tax rebate is just an early tax refund and the government will take the rebate into consideration at the end of next year and we will get a smaller refund. If we are not in debt up to our eyes because we have lost our middle class jobs to Communist China and India, we may go to Wal-Mart and buy some products that were made in China, call tech support to talk to someone in India, and support other countries with our “early” tax refund.
Greenspan took interest rates up too fast to cool the economy, and policy worked and it really cooled the economy. Banks turned their backs on traditional banking policy and started to sell risky loans that could not be paid back.
The feds are lowering interest rates to help fix the economy so consumers will borrow more to spend more only to erode the remaining equity in their homes. People are trying to find halfway decent jobs but cant because we were exported them to Communist China and India.
We the Bush administration signed the “free trade” bill, it spelled real trouble in our economy is middle class jobs. The Bush administration turned the US economy into a true capitalist machine forgetting about our people and communities. The impact to the US economy has been devastating. The saddest day was when Etch-a -Sketch moved its US manufacturing to Communist China stating that it could not compete. Who do they compete with; they are Etch-a -Sketch? We were so focused on “free trade” and forgot about “fair trade”. We did not learn from the 80’s when we were so indebt with Japan that Japan started to buy up us companies and prime real-estate. We don’t learn from our mistakes. What is happening with imports today with Communist China would be considered dumping in the 80’s.
If we look at the economic policy of the current Bush Administration, we can clearly see our economy shifting to Communist China and India. Just recently Communist China Replaces the U.S. as world’s largest exporter. US companies have rushed to China to save a buck. We have exported our manufacturing; we have exported our middle class jobs. We have exported everything that supports our communities that our whole in structure is going to collapse.
It is time to rethink our economic policy and repair our economy. Switching to a global marketplace to support American productivity has been a direct attack on our economy, to our national security, our nation and our people. It’s time to rethink American policy and invest in our own country.
By W Mahar http://wethepeopleoftheunitedstates.wordpress.com
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