Tuesday, May 24, 2016

Are we not in control of our USA economy? Yes, we are, ohhhh, yes we are!

Crashes is how Wall Street makes their money. There is always a bail out. Wall Street with the exception of stalwarts like Berkshire Hathaway, always is riding THE BUBBLE.

"W"s White House saw one of the longest Bull Runs in history. It started under Reagan and deregulation. It slumped under "H.W." simply because he really believed in trickle down economics. Reagan didn't believe in trickle down, he was a carpetbagger that open every possible aspect of the USA government to deregulation. H.W. had no real economic plan other than the rhetoric.

Reagan even demoralized the unions for profit. He was a carpetbagger from the day he took office. He didn't care how or why he was going to turn profits for Wall Street. That would translate well if everyone garnered a well being from it, but, that isn't how it works. Wall Street rides the deregulation bubble and then moves on taking all the residual monies to be found when the bubble bursts.

Clinton came along after H.W. and put people to work in the service industry by building good relations with other countries and promoting tourism. There was also record numbers entrepreneurs that sprang up in the USA under Clinton. Those same entrepreneurs disappeared under "W." Small businesses no matter what Republicans say are competition for Wall Street. It is that reason alone local economies have to be prepared to fend off the aggression of any trade agreement.

"W" dissolved the Clinton surplus and then launched into wars that are still 'on the take' of the USA treasury.

When Hillary Clinton states Donald Trump was rooting for a deep collapse, she is most probably correct. Donald Trump is in real estate. While the collapse impacted his casinos and hotels he could have easily acquired properties he normally could not. Starting in 2007, the real estate market, especially commercial real estate was significantly falling in price. Donald Trump is not a diplomatic wonder. I find it very believable he would openly say he had hoped for a deeper recession and probably a depression never seen in the USA before. It is unfortunate for him President Obama was elected. President Obama turned the continuing "Great Recession" into a jobs market, instead of worthless real estate for anyone who wanted it.

Case in point regarding the growth of small and medium businesses under President Obama. I know what you are thinking, "Ah, come on, Obama wasn't all that and this is some kind of statics of some obscure partisan organization."


January 22, 2015
By Jane Callen

In his State of the Union address, (click here) President Obama said that “21st century businesses, including small businesses, need to sell more American products overseas.  Today, our businesses export more than ever, and exporters tend to pay their workers higher wages…”
Following on the President’s remarks, we thought it would be valuable to take a quick “data snapshot” of the most recent annual report on exporting companies published by the U.S. Census Bureau. The 2014 report shows that small-and-medium-sized companies continue to contribute a larger share of our exports than in the past. As the below graph shows, in 2013 (the most recent year for which we have data), these companies accounted for approximately 35 percent of total goods export value -- continuing a steady growth trend of the past decade....


If there are still skeptics in the face of valid facts, read it for yourself.