Thank you Bob Brinker, on your radio show you expressed your extreme disgust concerning the outlandish distortions on Keynesian Economics we so often here today. Both said in good times the government must save in bad times the government must spend. The U.S. government however spends in good times and spends more in bad times, that’s reality and that’s not Keynesian Economics.

A caller remarked how Germany gets it on economics. They have around 6% unemployment and secure good paying jobs. Yes they PROTECT their manufacturing base. This is what started the comments on Maynard Keynes. We don’t see Germany blowing money all over the world playing empire of the gods both military and economic. They just go along every day slowly steadily building little utopias for common working people all over the country, paying livings worth living for, retirements that are stress free and comfortable, and a health care system that serves people not insurance companies and greedy CEOs. AND IT ALL WORKS!

In my opinion we in the U.S. are saddled with the children of the rich running politics, the economic system and banks. They are egotistical, stupid, and immoral and as history has shown so many times dedicated to national suicide all for the benefit of themselves. They are takers and have proven for the last 35 years not builders, statesmen but are cowards.

In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more, is a congress. ~ John Adams

One major problem with the economy is this constant steamroller of deregulation and the laissez-faire mindset that is building the Global Plantation resulting in the destruction of the middle class. Here is a brief history.

1. Lyndon Johnson establishes the Maquiladora program known as the first NAFTA. Maquiladora is officially called IMMEX, translation Industria Manufacturera, Maquildora y de Servicios de Exportación. The program was initiated in 1965 and laid out the rules to be followed by foreign companies (American) wanting to establish industry on the northern border of Mexico. The American companies are exempt from import taxes and pay a slave wage with no benefits.
2. Jimmy Carter goes insane in the last two years of his presidency and signs the Airline Deregulation Act that lays the foundation format for all deregulation in the U.S. thus starting the systematic destruction of the middle class.
3. Regan’s attack and war begins in earnest against the middle class by his appalling insurgency against the unions starting with decertifying PATCO (Professional Air Traffic Controllers Organization). Secondly not enforcing laws protecting society against corporate infringement upon the natural freedoms of the people, workers and their jobs.
4. Regan’s Ed Meese begins the “No Tolerance policy” on drugs which was the first really big step toward the police state.
5. Then daddy Bush who began the push for the failed trade agreements like NAFTA. He started the outsourcing of jobs to Mexico. The people voted for Clinton to stop daddy Bush’s NAFTA.
6.    Billy Clinton signs NAFTA in 1994. In 1995 Clinton signs the Telecommunications Act deregulating the media meaning the number of radio & TV station ownership one man or corporation can have in any and all markets. Hence shutting down any voice labor still had or could have by allowing big money to buy up and consolidate all the media markets in the U.S. resulting that now in the main only the corporate voice is heard. Contrast that to when I was a boy we had Mutual the Voice of Labor on the radio. Clinton with pals like Phil Gramm wipe out the Glass-Steagall Act thus deregulating the banks, replaced with Gramm-Leach-Bliley Act which allow commercial banks, investment banks, securities firms, and insurance companies to consolidate. A bank can now be an insurance company and vise-versa. To stop this and the shooting war against the American people the people vote for Bush Jr.
7. All this laid the foundation for George W. Bush’s deregulation depression, which continues today. W’s tax cuts for the rich, W’s Middle East wars of occupation, W’s Patriot Act, the attack on the 4th Amendment, W’s appointing Supreme Court judges that interpret the Constitution unconstitutionally by ruling for example, Wal-Mart can destroy blocks of homes to build a store using the rational the pubic uses Wal-Mart that defines for them eminent domain. Baloney, Wal-Mart is not the commons. Let us not forget the Citizens United ruling as well. Finally W’s all time great banking crisis implosion. After 30 years of replacing stability with a house of cards through deregulation American society had finally fallen and is still falling because now the banksters say they don’t have liquidity among other things.
8. Enter Barock Obama the flip flopper who the banksters have designated to bring us down to the next level. What is that? Can you believe he has put Social Security on the table for a concession to the Republi-rats? Hey Obama here’s a headline Social Security is not an entitlement it’s an insurance policy! Also this is working people’s personal savings money and they do have a say in its deposition, I don’t care what is written anywhere else; that’s moral law. Basically Obama is continuing to protect this failed policy of deregulation across the land which continues the plan of national suicide. Yes the messiah is just another politician.

If our nation is to have a future we must stop allowing the greedsters from taking us backward. We must set the agenda forward and re-regulate what was deregulated, after all we do it all the time in our own lives, when a mistake is made we correct it. We must correct the mistake called Daddy Rich Takes over Washington and Brings the Middle Class Down to Third World Levels.

“We already know what isn’t working: the economic policy of the past two years – and the millions of Americans who should have jobs, but don’t.” ~ Paul Krugman

Of course it (the stimulus) didn’t work, I said that when the failed economic policy of the administration put it into place. All those who are honest will agree that the last two years have had little impact for improving the plight of the middle class but has given us unprecedented budget deficits and monetary expansion.

Krugman is correct when he says that policy hasn’t been working at all.  The right wrongly blames John Maynard Keynes his ideas are known as Keynesian economics was the most influential economist of the Twentieth Century, and his theories still work very well today. The right describes as Keynesian theory as government just spending money and nothing else; that’s only the half of it. Unfortunately that’s all the Obama administration has done.

To spend government money on the middle class with good paying jobs in a depression is like putting a tourniquet on a limb to stop the bleeding. It works and is necessary but a tourniquet by itself does not complete the healing process, that’s why I said 2 years ago the economic policy of Obama won’t and can’t work.

If we are to regain the economy and heal the middle class the administration must replace those policies and laws that built the middle class and eliminate those that destroyed it. Reinstate and improve those policies that worked. That’s Keynesian! Move forward on Roosevelt’s Second Bill of Rights. Give the other side fits to the point that they will be relieved to give in on what’s most important to us.

Right now the key to all this is that it’s going to take somebody with guts and a thick skin. Someone who embraces the name calling, the personal accusations and who will use the bully pulpit to educate our people against the propaganda the rich spit out. Someone who embraces the battle, those like Sen. Bernie Sanders and Sen. Dennis Kucinich.

Thought control, gun control, speech control – the pattern is control.

Currently in the U.S. debt is 84% of GDP. In Japan debt is 220% of GDP and Japan is doing just fine (other than being radioactive). Japan hasn’t been growing but everyone has health insurance, everyone has comfortable retirement and the country has low unemployment.

The taxes paid by the rich was 431.1% 1961 now 23% for millionaires and we wonder why we have no money. The question we the people have to answer is what kind of life and country do we want? All the resources are here for a great life. We have to take those resources for ourselves and stop funneling everything to the richest 1%.

We must top the rich from socializing their expenses and privatizing our profits.

This is just another reason Webster is my hero. Witness the brilliance in his 5 point plan. This is the difference between the puppet of the banksters in the White House, the fanatics in the Congress and a learned elder statesman.
Mike

30 MILLION PRODUCTIVE JOBS TO REBUILD US INFRASTRUCTURE, INDUSTRY AND AGRICULTURE: THE PROGRAM TO END THE ECONOMIC DEPRESSION
by Webster G. Tarpley, www.tarpley.net
November 14, 2009

The US and the world are gripped by a deepening economic depression. There is no recovery and no automatic business cycle which will revive the economy. This bottomless depression will worsen until policies are reformed. The depression results from deregulated and globalized financial speculation, especially the $1.5 quadrillion world derivatives bubble. The US industrial base has been gutted, and the US standard of living has fallen by almost two thirds over the last four decades. We must reverse this trend of speculation, de-industrialization, and immiseration. Current policy bails out bankers, but harms working people, industrial producers, farmers, and small business. We must defend civil society and democratic institutions from the effects of high unemployment and economic breakdown. We therefore demand:

1. Measures to reduce speculation and minimize the burden of fictitious capital: End all bailouts of banks and financial institutions. Claw back the TARP and other public money given or lent to financiers. Abolish the notion of too big to fail; JP Morgan, Goldman Sachs, Citibank, Wells Fargo and other Wall Street zombie banks are insolvent and must be seized by the FDIC for chapter 7 liquidation, with derivatives eliminated by triage. Re-institute the Glass-Steagall firewall to separate banks, brokerages, and insurance. Ban credit default swaps and adjustable rate mortgages. To generate revenue and discourage speculation, levy a 1% Tobin tax (securities transfer tax or trading tax) on all financial transactions including derivatives (futures, options, indices, and over the counter derivatives), stocks, bonds, foreign exchange, and commodities, especially program trading, high-frequency trading, and flash trading. Set up a 15% reserve requirement for all OTC derivatives. Use Tobin tax revenue and a revived corporate income tax to provide immediate tax relief to individuals, families, the self-employed, and small business by increasing personal exemptions and standard deductions. Stop all foreclosures on primary residences, businesses, and farms for five years or the duration of the depression, whichever lasts longer. Set a 10% maximum rate of interest on credit cards and payday loans. Re-regulate commodities markets with 100% margin requirements, position limits, and anti-speculation protections for hedgers and end users to prevent oil and gasoline price spikes. Enforce labor laws and anti-trust laws against monopolies and cartels. Restore individual chapter 11.

2. Measures to nationalize the Federal Reserve, cut federal borrowing, and provide 0% federal credit for production: Seize the Federal Reserve and bring it under the US Treasury as the National Bank of the United States, no longer the preserve of unelected and unaccountable cliques of incompetent and predatory bankers. The size of the money supply, interest rates, and approved types of lending must be determined by public laws passed and debated openly, passed by the congress and signed by the president. Stop US government borrowing from zombie banks and foreigners — let the US government function as its own bank. Reverse current policy by instituting 0% federal LENDING with preferential treatment for tangible physical production and manufacturing of goods and commodities, to include industry, agriculture, construction, mining, energy production, transportation, infrastructure building, public works, and scientific research, but not financial services and speculation. Issue successive tranches of $1 trillion as needed to create 30 million union-wage productive jobs and attain full employment for the first time since 1945, reversing the secular decline in the US standard of living. Provide 0% credit to reconvert idle auto and other plants and re-hire unemployed workers to build modern rail, mass transit, farm tractors, and aerospace equipment, including for export. Extend 0% federal credit for production to small businesses like auto and electronics repair shops, dry cleaners, restaurants, tailors, family farms, taxis, and trucking. Maintain commercial credit for retail stores. Create an unlimited rediscount guarantee by the National Bank for public works projects to provide cash to local banks for bills of exchange pertaining to infrastructure and public works. Repatriate the foreign dollar overhang by encouraging China, Japan, and other dollar holders to place orders for US-made capital goods and modern hospitals. Revive the US Export-Import Bank. Set up a 10% tariff to protect domestic re-industrialization. Nationalize and operate GM, Chrysler, CIT, and other needed but insolvent firms as a permanent public sector. Maintain Amtrak and USPS.

3. Measures to re-industrialize, build infrastructure, develop science drivers, create jobs, and restore a high-wage economy: state and local governments and special government agencies modeled on the Tennessee Valley Authority will be prime contractors for an ambitious program of infrastructure and public works subcontracted to the private sector. To deal with collapsing US infrastructure, modernize the US electrical grid and provide low-cost energy with 100 fourth generation, pebble bed, high temperature reactors of 1,000 to 2,000 megawatts each. Rebuild the rail system with 50,000 miles of ultra-modern maglev Amtrak rail reaching into every state. Rebuild the entire interstate highway system to 21st century standards. Rebuild drinking water and waste water systems nationwide. Promote canal building and irrigation. For health care, build 1,000 500-bed modern hospitals to meet the minimum Hill-Burton standards of 1946. Train 250,000 doctors over the next decade. The Davis-Bacon Act will mandate union pay scales for all projects. For the farm sector, provide a debt freeze for the duration of the crisis, 0% federal credit for working capital and capital improvements, a ban on foreclosures, and federal price supports at 110% of parity across the board, with farm surpluses being used for a new Food for Peace program to stop world famine and genocide. Working with other interested nations, invest $100 billion each in: biomedical research to cure dread diseases; high energy physics (including lasers) to develop fusion power and beyond; and a multi-decade NASA program of moon-Mars manned exploration, permanent colonization, and industrial production. These science drivers will provide the technological spin-offs to modernize the entire US economy in the same way that the NASA moon shot gave us microchips and computers in the 1960s. These steps will expand and upgrade the national stock of capital goods and enhance the real productivity of US labor. Return the federal budget and foreign trade to surplus in 5 years or less.

4. Measures to defend and expand the social safety net: Restore all cuts; full funding at improved levels for Social Security, Medicare, Medicaid, food stamps, jobless benefits, WIC, Head Start, and related programs. Offer Medicare for
All to anyone under 65 who wants it at $100 per person per month, with reduced rates for families, students, and the unemployed. Pay for this with Tobin tax revenues and TARP clawback, and by ending the Iraq and Afghan wars. Seek to raise life expectancy by five years for starters. No rationing or death panels; savings can come only by finding cures.
Quickly reach a $15 per hour living wage. Repeal the Taft-Hartley Act and affirm the right to organize. Pass card check to promote collective bargaining.

5. Measures to re-launch world trade and promote world recovery: Create a new world monetary system including the euro, the yen, the dollar, and the ruble, plus emerging Arab and Latin American regional currencies, with fixed exchange rates and narrow bands of fluctuation enforced by participating governments. Institute clearing and gold settlement among member states. Replace the IMF with a Multilateral Development Bank to finance world trade and infrastructure. The goal of the system must be to re-launch world trade through exports of high-technology capital goods, especially to sub-Saharan Africa, south Asia, and the poorer parts of Latin America. Promote a world Marshall Plan of great projects of world infrastructure, including: a Middle East reconstruction and development program; plans for the Ganges-Bramaputra, Indus, Mekong, Amazon, and Nile-Congo river basins; bridge-tunnel combinations to span the
Bering Strait, the Straits of Gibraltar, the Straits of Malacca, the Sicilian narrows, and connect Japan to the Asian mainland; second Panama canal and Kra canals; Eurasian silk road, Cape to Cairo/Dakar to Djibouti, Australian coastal, and Inter-American rail projects, and more. American businesses will receive many of these orders, which means American jobs.

This program will create 30 million jobs in less than five years. It will end the depression, rebuild the US economy, improve wages and standards of living, re-start productive investment, and attain full employment with increased levels of capital investment per job. Most orders placed under this program will go to US private sector bidders. Because of the vastly increased volume of goods put on the market, inflation will not result.

In 1978 an act was passed called the Airline Deregulation Act.  It should have been called what it really was; the Airline Employee Subsidization of Passenger’s Ticket Act, because the lowest paid employees were forced to pay the largest percentage of their checks to subsidize the unpaid balance of the passengers’ ticket.

As I often explain to passengers, do you really believe there is such a thing as a $300.00 fare from New York to Los Angeles? It takes that much to start the engines. Actually Mr. Passenger what happens is you buy the cheapest ticket in town for let’s say $1800, you paid $300.00 and the airline employees paid the balance of $1600 from their confiscated payroll.

This form of communist gangster capitalism has a name for this process. They call it forcing the unions to give concisions. It’s a very clever process first they buy off the government with cash and convince the congressmen to believe in the failed policies of Milton Freeman, the Chicago School and the Shock Doctrine. Next Jimmy Carter, Alfred the Father of Airline Deregulation Kahn, Senator Chappaquiddick Kennedy and the media heavily lobby the American people until it seems the only cure for all of America’s and for that matter all the ills of the world will be solved forever if we can only pass this act called airline deregulation. This is how they fix the deal and freeze out any proper opposition, Regan walks into the oval office for the first time and the fate of the poor employee (especially) on the ramp is now sealed.

From the book Airline Deregulation and Laissez-faire Mythology by Paul Stephen Dempsey quoting; “Without admitting it, the CAB had effectively adopted an indiscriminate policy of permissive entry, for it had systematically rejected every argument that it should moderate its approach. The burdens it placed on opponents of new entry were so onerous that, realistically, they could not be overcome. The board was determined to deregulate no matter what arguments were made about the deleterious consequences of the blind application of an economic philosophy case in concrete. In the CAB’s own words, the board was “determined to extend competition to the very core of the national transportation system.”

Kahn had two partners in this crime Michael Levine (CAB’s director of pricing) and Phil Bakes (CAB’s general council). Kahn would sit on the board of New York Air Levine would be at its head. Phil Bakes would be known as the hit man that destroyed Eastern and Continental through bankruptcy. This rouges gallery was well populated not the least of which was one Frank Lorenzo working tightly with Kennedy his puppets and the Democratic paid machine staff. This is a complete conflict of interest.

What can you say about an industry that has increased its hourly scale $7.00 in thirty years all the while eliminating benefits? The ramp flight crews have not seen a raise in 30 years because the pennies squeezed have always been lower than the cost of inflation. For example there was a 6 year contract with a six percent increase over the life of the contract. At the end of the six year period inflation went up 24% the ramp flight crews received 6% that translates to an 18% drop in their standard of living or an 18% cut in pay. Pretty slick uh?

This is possible because airline deregulation (like all privatization schemes) creates wage slaves at the cattle car airlines that sprout up and the employees are told to compete with wage slavery of the cattle car airlines. This is the biggest reason morale and service is at an all time low and dropping.

Meanwhile the public are harangued with cries of high labor costs. What is not said is that the highest labor costs are borne and harbored in the boardroom of senior management the CEO and the rest of his crew of pirates. When oil was at $27 a barrel airlines threatened the employees with bankruptcy while structuring for themselves upwards of 75 million dollar parachutes for themselves. When oil was at $140 a barrel senior management is found giving themselves $2 million bonuses. In my fathers day they called that embezzlement.

At airline subcommittee hearings around the year 2001 with airline presidents sitting next to him the Father of Airline Deregulation Alfred Kahn was asked, “Mr. Kahn how does a company make money under your model of deregulation?  Kahn’s answer was senator I don’t know how any company would make money following my model of deregulation. This from the grand architect and father of airline deregulation an act that is not looked at to modify even in the most modest form.

THE SOULTION

Bring back a new and moral Civil Aviation Board (CAB) and reregulate the fares. Eliminate the failed policy of airline deregulation. Airline deregulation has destroyed employees families, caused suicides, destroyed what little middle class there was especially for the ramp crews, created bailouts to the airlines with the associated overpaid executive labor, and executives lowering the stock through the bonus’s of greed.  The result has been not enough money spent in your neighborhoods and communities to support local business.

“The principal of spending money to be paid by future generations, under the name of funding, is but swindling futurity on a large scale.”
Thomas Jefferson

Before the war on tariffs we were a very prosperous country actually the most prosperous country in the world! Our industrial policy was based on Alexander Hamilton’s industrial policy and worked fabulously from 1780-1980 until Ronald Regan then daddy Bush and Clinton destroyed it. From the Civil War to WWI our international tariff on trade was set at 35%. Look at how the U.S. had grown then and look at us now.

Brazil today has an import fee of 35%, they have copied what made us great and it’s working for them. Next they are proposing a 50% import fee. GM and Ford have gotten the message and is now making their cars in Brazil creating good paying jobs.

China has a 22% import tariff. And national health care.

LET WALL STREET PAY for MAIN STREET
Remember the money is not only going to China it goes to the American companies as well. We the people must make the rules for corporations to follow. It’s a matter of government trade policy. Bad federal policy makes bad behaving companies both domestic and foreign. We must take the money out of politics.

Regan stopped enforcing the Sherman Anti Trust Act and no President has enforced it since NAFTA passed in 1994. This action has put the government/corporate war against the middle class on steroids.

A LITTLE HISTORY
The founders did not create a corporate dictatorship. They fought against the bank and corporations. The worst offender in those days was the East India Company. Actually with England nosing in again English free trade was one of the reasons for the Civil War. Did you ever wonder why England supported the South?

In December of 1600 Queen Victoria signed the East India Company into creation. The colonies were corporations. Virginia was created by King James as a corporation. That’s why the place was called Jamestown.

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and CORPORATIONS that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. ~ Thomas Jefferson 3rd president of US (1743-1826)

Since the beginning of the country until the late 1800s corporations were responsible to the people and the people’s watchdog was the government. Back then corporations had to prove to be operating for the public good if not they would be fined, and or have to operate under new laws that corrected the problem or the corporation was dissolved. If a corporation had not completed its mission in 40 years it was dissolved and its assets were sold. Now the shareholders could restart the company but remember this was a time when companies were mostly single mission and not perpetual, that was left to the mom and pop businesses.

In time came Standard Oil and Rockefeller who was cited by the State of Ohio for monopolizing the oil industry using unethical practices. At that time all the states had laws that required corporations to comply with written ethical principals. Rockefeller’s response to Ohio was to say to all the other states, who will have me? That meant who will allow me to operate unethically against other companies and I will give you plenty of money. Upon hearing this states one by one started falling over themselves stripping all the laws opposing the practices of unmitigated greed.

The state governments said we’ll sell our souls and take your blood money. The criminal had just become the watchdogs’ new master. Thus began what is known as the charter mongering laws era. The last state to eliminate such a fine law was Wisconsin in the 1950’s.

Fast forward to Ronald Regan in 1980, with Regan the corporatists took power and repealed the laws that protected society. As the laws restraining greed disappeared the corporate monster grew and the society began a race to the bottom. Since the last two years of Carter irresponsible behavior among the wealthy is running rampant as in the health insurance industry, airlines and many other companies who now freely take the money they should be paying to their employees pocket it for themselves; the result being we have reentered the robber baron era and with the devolution of the congress and Supreme Court et al America is turning into a fascist state.

All this however can be turned back when the people have had enough starting with campaign finance reform. We can start making laws to force overpaid greedy executive employees of corporations to show good order. A CEO should be barred from making more than 30% more than the lowest paid employee. Anyone making more than 12 million per year should be taxed at 92%, Eisenhower did it and it helped build a thriving middle class.

The guy with the suit enjoys the money made for him by the guy with the jeans.

1.    Prices going up.
2.    Food stamps at an all time high.
3.    Main Streets’ income is dropping.
4.    Corporations continue to evade taxes due to purchased politicians.
5.    CEO’s pay & bennies skyrocketing even more.
6.    Federal deficit at an all time high.
7.    Dollar share of currency transactions plunging worldwide.
8.    America’s share of imports and exports and global trade dropping, because of treasonous trade agreements and the resulting global plantation.
9.    Fukashima is destroying the global food supply and this is only the beginning.
10.    Gas is at an all time high. In Illinois gas is ridiculous because of out of control taxes.
11.   And for the Coup de Gras U.S. family income equality ranks behind Nigeria, China, India, Egypt, Ivory Coast, Tunisia, Nicaragua, Bangladesh, Ethiopia and Greece; that from the CIA fact book.

The public sector employees and their troubles are tough, but they just don’t realize how bad us private sector employees have it.