AN AMERICAN FACT OF LIFE
I lived through most of the 1929 depression. What we have now is worse than in 1929. Back then we had plenty of our own oil and most other resources. Now we have to either buy most of it from other countries or invade them and take them away.
There are several important facts and questions. How did we get here is an important question so we may learn something. The facts will show that the debt and deficits grew the most during the Reagan and the two Bush administrations. To be fair, Clinton is also at fault but tends to get a pass because of the great decade, not entirely created by him, but largely by people like Gates.
We keep hearing how regulations work against prosperity. Why is it then that when we have the least regulation we have the worst economic outcomes?
We are told that high taxes cause an economy to tank and yet, if you take the trouble to check it out, for reasons difficult to explain, the economy has done better when taxes were the highest.
We are told that liberals grow too much government and yet, it is a fact that during the Bush 2 administration when they had the white House and the Supreme Court for eight years and the congress for six, government and related debt grew larger than anytime in our history.
How is it that Americans can't accept these facts? Certainly higher taxation rings my alarm bell but wait and see where the rates go in the future when we have to face our debt and are unable to continue with deficits because no one will lend to us.
While many factors take over the society, more jobs that could mitigate them leave the country. More of the wealth is invested elsewhere. The Bush tax cuts for the rich were supposed to create jobs and they sure did, in China and India and Korea and Viet Nam, etc. Something we must understand is that growing debt is taxation. In that sense, the Republicans have raised taxes far more than Democrats.
The current energy crisis was foretold by all manner of experts in the 50s. Here we are 60 years later and China is outdoing us in the development of renewable and clean energy. Even the pathetic attempt at an alternate fuel is done all wrong. We use corn, which is the least efficient way to get fuel and causes food and feed prices to go up. We've known for a long time that sugar cane is 7 to 12 times cheaper to make ethanol than with corn. There are place where sugar cane grows well in the southern US and Hawaii, etc. and we continue to give subsidies for using corn.
Where will it end? Certainly never if we continue to do the bidding of the 6 major corporate interests who continue to be our de facto government. Never as long as our elected leaders are pussies with no guts that take money from the "Rulers" so they can get reelected and also get rich.
The FOX News organization and the Glenn Becks and Sarah Palins and the rest are driving the nation into a pit from which we will only wind up as The Neo Third World, a low wage society without a middle class.
What it all means is we must get out and vote as we did two years ago because the change we want is not yet attained and if the Tea party and Republicans take over we will never achieve.