I wrote this post some time ago: just before the crash (10/07). It was and still is true. The reason that I am reposting it is that I am sick and tired of all the politicians telling us they are going to fix the problem. The only way the damage can be reversed is for import tariffs to be reinstated and even then it would take a long time to improve. No one is even suggesting this!!!
There is much talk about small business needing loans when what they need are customers. Who needs a loan to purchase stock when no one has a job and therefore can not buy what is stocked? We do not have a credit problem. We have an employment problem. Those who claim small business need credit either are ignorant of how a small business is supposed to work, or are just plain dishonest with their claim. Also who is going to loan money to someone who wants to buy a house when their income will not allow them to pay for it? Or a car?
The economy has become a gigantic game of Monopoly. We are sitting on Park Place with no money and the game is over for us. That is how the game is won or lost. The one with the most money puts the squeeze on those who find themselves in a situation where they need what the other has: gas, food, shelter, etc. We have paid until we can no longer do so. Unlike the game we can not just get up, have a good laugh, and go on with our good life, but as those who have put the squeeze on us are finding out that they can’t either.
Politicians have gotten us into this. It is the responsibility of the government to protect the citizens of that government. It is not their responsibility to create jobs or any other scheme that someone can think of. The business of government is not business. If you have cancer, then do you need more cancer for a cure? If your government is that cancer do you really think it will cure you?
If all of the banks are either incompetent or immoral enough to loose so much money that they do not even know how much, then the logical remedy is to give them more money and of course do not demand any accounting for it, or even a contract demanding repayment. They will pay us back when they recover, but there is no contract to make them do so! From their record it is obvious they will not! I am a nobody, but even a nobody is not that stupid. A monkey has more sense than those in the government. Well, just to be fair to monkeys, they are not capable of immorality.
There is much talk about the middle class of this country. The middle class were the people that had manufacturing jobs that paid well. Look around, they are now either the lower class, or about to become so. They are history and only a figment of political imagination. And China hasn’t even begun to import automobiles yet. ARE THEY CRAZY?
THIS IS REALLY WHAT HAPPENED TO THE ECONOMY.
Go get a bullet to bite on because this is painful.
I am not a stock broker, politician, or any one else that has a reason to pull the wool over your eyes. I am just a poor slob that can see what happened and I am disgusted enough to tell it.
Let’s say the problem started with NAFTA (North American Foolish Trade Agreement), after all we have to start somewhere and I don’t have enough time to go all the way back to the Revolutionary War.
When those in the government passed NAFTA they assured foreign workers an advantage over Americans. They did this under the guise of free trade: that free trade was fair to all. However workers in South America do not have the same standard of living enjoyed in the US. So anything that is made in the US can be made cheaper in South America. I might add that OPEC is a monopoly and would not be legal in this country, so there is really no such thing as free trade.
Just after NAFTA was passed our exports to Mexico and South America increased dramatically: they were buying machine tools and equipment in order to build manufacturing plants. These facilities, when complete would manufacture goods cheaper than plants in the US. In other words they were only buying from us what they needed to take our jobs.
You have to ask yourself why your own government would pass such a bill; at least I have to ask myself. Was it complete incompetence? Or was it because those who were suppose to protect Americans, had investments in manufacturing business that could benefit from much lower labor costs. Whatever caused the government to pass the bill it is obvious that it was not in the interest of the people of the United States.
If that was not bad enough they gave China “Most favored Nation” status. China is a socialist government that is trying to become the largest super power in the world. China would like nothing more than to ruin our economy: and they have.
You see it is really very simple. There is nothing made that can not be made cheaper in China. So in passing just two bills our own government has totally destroyed the middle class of the US. If you work in any manufacturing job in the US and haven’t lost your job yet, you will; it is just a matter of time as anything made can be made cheaper in China. (I told you to bite a bullet, didn’t I?)
You want a laugh? We are supposed to compete with those who make a few dollars a day and yet manufactures in the US must pay minimum wages! The bottom line is, though we must compete, it is illegal!!! Well, it is a laugh, but a bitter one.
We are just beginning to see the result of what I would call a criminal act. The housing industry can not sell a house because no one can buy a house working at a fast food restaurant and those kinds of jobs are all that is left. Nor can the car manufactures sell cars, for the same reason. It should be apparent that interest rates mean nothing to someone who has no job. Who is going to loan money to someone with no job?
Is it any wonder the stock market is in turmoil? You don’t get something for nothing so the logical result of a stronger “world economy” is a weaker US economy.
My friends I don’t have a solution to the problem. Everyone keeps telling me that if I don’t like the government to vote, but we just get a new set of politicians and they do the same things the others did. This government is of the people, by the people, and for the people and “those people” would be the ones in charge, not poor slobs like me.
NOW THE REAL REASON THAT I REPOSTED THIS ARTICLE IS AS I WAS THINKING ABOUT THIS AS A GAME OF MONOPOLY I HAD A THOUGHT THAT CAUSED ME TO BURST OUT LAUGHING. THE WINNER OF THE GAME IS THE ONE WHO ENDS UP OWNING EVERYTHING.
HALLELUIAH – HALLELUIAH – HALLELUIAH – GOD WINS !!!!!!!