Tapsearch Com EditorWhy not U.S. Saving Bonds
April 6th 2009 19:34
Bizarre Politics Reports:
President Obama leaps over those who lost the most and putting big money over small money a priority.
President Reagan's trickle down ecnomoy did not work when he tried it from the top down and President Obama trying to do the same from high up on top of the mountain of government.
President Reagan's trickle down ecnomoy did not work when he tried it from the top down and President Obama trying to do the same from high up on top of the mountain of government.
By Ray Tapajna, editor of Tapart News and Art that Talks and Exploring the Flat World - here's a mobile user friendly summary of the Flat World review
U.S. economy based on making money on money instead of making things has burned out. President Obama bails out big money and ignores small money.
Why not use U.S. Savings Bonds as a way to restore the economy ?
From 1973 to 1985, The U.S. financial community accounted for 16 percent of domestic corporate profits.
In the 1990s, it ranged from 21 percent to 30 percent.
In the 2000s, it soared to 41 percent. Wall Street ruled over the economy.
It seems just like it was just yesterday, when many wanted to switch a big part of the social security program to private investments in the stock market. No one is talking about it now.
In addition whenever tax cuts are mentioned, no one talks about including the payroll tax in any tax cut proposal even though 70 percent of all workers pay more in payroll taxes than they do in income tax. The payroll tax represents a flat tax on the working poor while this tax money is used just like any other revenues in the general fund. Even President Clinton said he used the tax to pay for the Balkan wars.
There were a few in Congress who proposed suspending the payroll tax for awhile as a way to stimulate the economy but President Obama and his investment bankers did not mention this problem as being a problem. The U.S. economy was overwhelmed with money schemes and finally it collapsed. When it did, the elites did what all elites do, They took care of their own.
* From David Brooks' NY Times article - Greed or stupidity )
How could so many smart people be so wrong. They still are doing the same thing rushing money from place to place in the U.S. and internationally while those suffering in the streets can only watch. In a world of instant communications there is no real communications from the bottom up. It is all from the top down. President Obama ignores the masses who have lost everything with no one coming to help them out. It's like News Orleans after Hurricane Katrina when a silent depression was exposed.
We wonder why no one has not mentioned using U.S. Saving Bonds as a way to get out of the mess and as incentives to buy American. ( Ben Bernanke told Congress during the last stimulus package debate that the best way to use stimulate the economy is to buy "domestically produced goods".) His words evidently were ignored while the former Federal Reserve Chairman Alan Greenspan told Congress about a year later, he was surprised that the financial communities did not police themselves.
U.S. Saving Bonds were used to fund our economies during both World War 1 and World War 2. Most people were able to afford to buy some with the lowest prices below a $100.
The U.S. could offer a similar bond at a discount and/or as an incentive to buy U.S. Made goods. For example, auto dealers could directly offer a U.S. Saving Bond free or at a discount for those who buy a U.S. made autos. There would be no need to bail out the auto industry if this was to happen. This could apply to all products made in the U.S. and make up for the hidden tariffs on goods that come from outside the U.S. Many U.S. companies have been trying to make it with one hand tied behind their back for many years now.
Recently, The Wall Street Journal told how many cities and towns are doing many things themselves to stimulate their local economies. Why can't these local government use some of the Federal stimulus money and use it to pass on U.S. Saving Bonds as an incentive to buy items produced locally. They could offer them free or at a inviting discount for buying locally.
Thus everyone can invest directly in America and not have to wait for the trickle down economy to work from way up high on the mountain top of government.
U.S. Saving Bonds can fill the voids created by all the overhead it takes to make things in America that once sustained a flourishing Middle Class. It is obvious that the new working poor class will not be able to survive much longer in our country and can no longer be able to support Free Trade and Globalization that have created this new working poor class in the first place.
U.S. economy based on making money on money instead of making things has burned out. President Obama bails out big money and ignores small money.
Why not use U.S. Savings Bonds as a way to restore the economy ?
From 1973 to 1985, The U.S. financial community accounted for 16 percent of domestic corporate profits.
In the 1990s, it ranged from 21 percent to 30 percent.
In the 2000s, it soared to 41 percent. Wall Street ruled over the economy.
It seems just like it was just yesterday, when many wanted to switch a big part of the social security program to private investments in the stock market. No one is talking about it now.
In addition whenever tax cuts are mentioned, no one talks about including the payroll tax in any tax cut proposal even though 70 percent of all workers pay more in payroll taxes than they do in income tax. The payroll tax represents a flat tax on the working poor while this tax money is used just like any other revenues in the general fund. Even President Clinton said he used the tax to pay for the Balkan wars.
There were a few in Congress who proposed suspending the payroll tax for awhile as a way to stimulate the economy but President Obama and his investment bankers did not mention this problem as being a problem. The U.S. economy was overwhelmed with money schemes and finally it collapsed. When it did, the elites did what all elites do, They took care of their own.
* From David Brooks' NY Times article - Greed or stupidity )
How could so many smart people be so wrong. They still are doing the same thing rushing money from place to place in the U.S. and internationally while those suffering in the streets can only watch. In a world of instant communications there is no real communications from the bottom up. It is all from the top down. President Obama ignores the masses who have lost everything with no one coming to help them out. It's like News Orleans after Hurricane Katrina when a silent depression was exposed.
We wonder why no one has not mentioned using U.S. Saving Bonds as a way to get out of the mess and as incentives to buy American. ( Ben Bernanke told Congress during the last stimulus package debate that the best way to use stimulate the economy is to buy "domestically produced goods".) His words evidently were ignored while the former Federal Reserve Chairman Alan Greenspan told Congress about a year later, he was surprised that the financial communities did not police themselves.
U.S. Saving Bonds were used to fund our economies during both World War 1 and World War 2. Most people were able to afford to buy some with the lowest prices below a $100.
The U.S. could offer a similar bond at a discount and/or as an incentive to buy U.S. Made goods. For example, auto dealers could directly offer a U.S. Saving Bond free or at a discount for those who buy a U.S. made autos. There would be no need to bail out the auto industry if this was to happen. This could apply to all products made in the U.S. and make up for the hidden tariffs on goods that come from outside the U.S. Many U.S. companies have been trying to make it with one hand tied behind their back for many years now.
Recently, The Wall Street Journal told how many cities and towns are doing many things themselves to stimulate their local economies. Why can't these local government use some of the Federal stimulus money and use it to pass on U.S. Saving Bonds as an incentive to buy items produced locally. They could offer them free or at a inviting discount for buying locally.
Thus everyone can invest directly in America and not have to wait for the trickle down economy to work from way up high on the mountain top of government.
U.S. Saving Bonds can fill the voids created by all the overhead it takes to make things in America that once sustained a flourishing Middle Class. It is obvious that the new working poor class will not be able to survive much longer in our country and can no longer be able to support Free Trade and Globalization that have created this new working poor class in the first place.
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