Alan Greenspan, the former Fed chairman, dishes on his personal dealings with presidents in his new book "The Age of Turbulence."
Could it be all those issues are tied together? I believe they are. The question is how will the next President of the USA bring all those issues into line?
The Bush economy was nonexistant. There was never significant job growth and now the rate of job growth has stalled and will begin to fall in the negative direction as companies facing economic crisis will instill cut backs to satify stockholders.
The tax structure of the USA has to be reinstated to a point whereby there is significant payment of the debt of the country. That will not service any government stimulated job growth either. Paying debt or paying for budgets only maintains the status quo.
The fact of the matter is the majority Republican House and Senate spent the nation into debt to avoid still 'another' Bush economic decline. They used the USA Treasury to 'buy' an economy when they couldn't find a way to have tax cuts along with escalating debt. So quite literally, the economy of George Walker Bush was actually far worse in dimension than that of his father's which never included the Middle Class in any of it's efforts, in that the USA Treasury was simply recycled into the private sector and used as collateral to secure higher and higher debt ceilings facilitating greater debt that was then rerouted back into the economy which was then taxed and the tax infrastructure was then used to secure higher debt ceilings and on and on and on it went.
There was never an economy. It was all smoke and mirrors. The Democrats are in majority now and they aren't playing the 'borrow and spend' game of Bush's artificial economy anymore. The degree they are 'trapped' into it is due to the Iraq War and the chronic demands of the country to 'support the troops' in the face of a failed and illegal war. Supporting the troops should be in the measure of bringing them home and not funding a defeat.
The future economy must be dynamic and multi-dimentional. The reality is the Democrats are the only ones that can bring the USA back from economic demise and literally make Alan Greenspan eat his words regarding double digit interest rates. How? Easy. The USA has to return to manufacturing. That is not possible you say, because all the manufacturing jobs have been outsourced. The jobs that will be created under the next Democratic President will be manufacturing jobs due to cutting edge needs of the nation. Cutting edge as if we didn't know what was to come. Not hardly.
The USA needs a new transportation infrastruture. Democratic leadership will bring about legislation that will facilitate new methods of transportation including greater public transport resulting in manufacture of everything from rail components, to train compartments, to electric cars, and enegy infrastructure of solar panel arrays, wind farms and battery arrays. In the immediate future of the USA there will be demands for ethanol vehicles and fuel. That so the people of the USA come to realize there are alternatives to the ancient fossil fuels and their damaging emissions. These are all new technologies and industries to the USA and will provide plenty of opportunity for the USA to retool itself adding to the work force, hence widening the tax base and accelerating the reduction of debt. As the debt comes down the federal government can expand projects to secure the best interests of Americans in returning high quality education and healthcare. In doing so, new jobs will result and the USA recovery will become exponential.
Why Democrats?
Because the Republicans rather keep Americans impoverished and fighting wars. Any and all 'investment' by the USA is to other countries that benefit stockholders regardless of where they live. The prime example of that is the new E85 Cartel formed by George Walker Bush which his brother Jeb was chairing at the onset. The E85 Cartel will facilitate the manufacturing of ethanol outside the USA which will increase the cost with transportation costs and virtually eliminate the benefits of ethanol to Earth in use by the USA because the tankers that will contain this commodity use fossil fuels to transport it to the USA ports no different than oil from the Middle East.
The Republicans are NOT capable of running a government that will increase the domestic economy of the USA. Their only philosophy is to rid the USA federal government of any capacity other than it's military capacity and stop any and all income tax placing 'use tax' on any kind of economy as the only federal income. The Republicans are not about to pay USA labor what it is worth even though it is the best labor force on Earth. The Republicans answer to rebuilding a manufacturing infrastructure for the USA is to allow and permit immigration to 'handle' the cost of employment.
Wake up America !! This is easy. Stop living in denial that the Republicans are economic whiz kids. It just ain't so.
So, did I cover all those subjects. Let's see, I touched briefly on the debt, tax rates, energy, transportation, so what is left is the word economy and inflation. Well, with new infrastructure on the rise there will be a vibrant USA economy so long as the House, Senate and Executive Branch act to protect Ameican workers and limit the extent outside investment and imports plague that new infrastruture. So that takes care of the economy and if it has the dimension it needs to accomplish the reversal of Human Induced Global Warming with the application of American will and know how, then I really do believe Alan Greenspan will be eating his words.
There.
We covered all those topics in a multi-dimensional approach to responsible governement and included the reversal of a deadly environmental threat along with it.
That should do nicely.
Oh, one other thing. When the soldiers come home, especially the returning National Guard there will be new job skills for them to learn and new jobs for them to return to. So much for sustained military rotation, their labor will be needed right here on USA soil to restore the capacity of the USA economy.
