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As the clock ticks on the middle class may be fading away.............
"The "America" that so many of us have taken for granted for so many decades is literally disintegrating right in front of our eyes. Most Americans are still operating under the delusion that the United States will always be "the wealthiest nation" in the world and that our economy will always produce large numbers of high paying jobs and that the U.S. will always have a very large middle class. But that is not what is happening. The very foundations of the U.S. economy have rotted away and we now find ourselves on the verge of an economic collapse. Already, millions upon millions of Americans are slipping out of the middle class and into the devastating grip of poverty. Statistic after statistic proves that the middle class in the United States is shrinking month after month after month. Meanwhile, millions of Americans are starting to wake up and are beginning to realize that we have very serious problems on our hands, but they have no idea what is causing our economic distress and they are unaware that most of our politicians have absolutely no idea how to fix the economic disaster that we have created."
At this point the only way the US is going to compete is by lowering the minimum wage, lower living standards and going without. The longer we avoid doing that the higher the unemployment rate. Its the only way you'll attract businesses to employ the average joe.
A recession normally doesn't last this long, we are in a depression and frankly for most other countries, unemployment of 30%+ is the norm.
Still not that hard to get US out of this in pretty good shape.
1. Stop most taxes on folks under $100K income.
2. Kill NAFTA, and all such trade agreements.
3. Place an import tariff tax on the trade imbalance.
4. Re-regulate banking, bring back Glass-Steagal, and return to usury laws and limits
5. Control the Southern border, end/stop illegal immigration
6. Take US off Oil, and stop imported Oil, first.
7. Stop US involvement in the Endless Wars.
Doing all this would kill a few transnational corporations, some of Wall street, and a couple of Big Banks.
No real loss in any of that, but it would save US.
Still not that hard to get US out of this in pretty good shape.
1. Stop most taxes on folks under $100K income.
2. Kill NAFTA, and all such trade agreements.
3. Place an import tariff tax on the trade imbalance.
4. Re-regulate banking, bring back Glass-Steagal, and return to usury laws and limits
5. Control the Southern border, end/stop illegal immigration
6. Take US off Oil, and stop imported Oil, first.
7. Stop US involvement in the Endless Wars.
Doing all this would kill a few transnational corporations, some of Wall street, and a couple of Big Banks.
No real loss in any of that, but it would save US.
re:#2 and #3
can you clarify what you think the benefit is to protectionism and the slowing of trade?
Still not that hard to get US out of this in pretty good shape.
1. Stop most taxes on folks under $100K income.
2. Kill NAFTA, and all such trade agreements.
3. Place an import tariff tax on the trade imbalance.
4. Re-regulate banking, bring back Glass-Steagal, and return to usury laws and limits
5. Control the Southern border, end/stop illegal immigration
6. Take US off Oil, and stop imported Oil, first.
7. Stop US involvement in the Endless Wars.
Doing all this would kill a few transnational corporations, some of Wall street, and a couple of Big Banks.
No real loss in any of that, but it would save US.
A more succinct way of saying all this is simply...GET RID OF THE FEDERAL RESERVE!
Ron Paul lives! Return to honest money, and all of those problems go away automatically. Read up on what the Federal Reserve really is (not a gov't agency) and if your toenails don't blanch, your hair will. Up until 1965, we had 90% silver coinage, and the only answer to our problems is to go back to that. Otherwise, they just print and print, and that causes # 1-7 above.
Non-sense the miidle class is alive and well. More people ahve disposable come that I see more than ever. Just loo at the number of people going out to eat and the number of restaurants increased to serve them.Even look at people shoppign carts and what they buy at the grocerystore. Then thier is commo ownership of cmputers';cwe;;phone 'expensive gaming machines ;huge expensive televison set;you name it. Much different satndard of living from even the miidle class i the 50's hewn i grewup.We are even seeing people payig offf debt now and the savings rate reach towards 1980 levels.There were people whpo spent too much and that drove homeowership way past the histroic 65% level from easy credit. But ake no mistake havig dispoaslable income is high than ever.that means your i the middle class tho maybe the lower middle class where most were thru the 60's. But even those in the poverty range have more support even beyond their income that has to be below 18000 without that support.
Make it a lot easier for the small business owner / entrepreneur.
The big corporations and the polticians they have bought and paid for, have sold us down the multi-national river...
small business is going to be the only employers that are willing to hire Americans soon as the large corps are into the offshoring/H1B visa thing quite heavily and are into courting the foreign markets leaving the American markets as they will be increasingly not as important to their profits.
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