Vus, yus consoivatives; vie hew sew engry? by Arnie Sherr
Vel, I’ll tell ya! Seriously, ya know what really pisses me off? I’ll tell ya what really pisses me off; when the ‘right’ is upset because they are being asked to sacrifice for the good of those less financially fortunate. All we hear from conservatives is their whining about bailing out the Main Street crowd. It’s the same ol’ story; give the rich tax breaks and businesses will grow and result in millions of new jobs for the ‘working-slaves’ that inhabit Main Street. Yes sir, I said ‘slaves’! Over the past twenty years inflation grew at normal paces while those who made all of the growing profits there from never gave a thought towards keeping wages in-line with inflation for the appropriately labeled ‘working slaves’ living on Main Street. Perhaps, if anyone cares to process this information it might just trigger just who is the real cause of today’s economic collapse.
When prices go up while salaries do not; a correction is inevitable. Moreover, since this condition was global we are experiencing a global correction, or deflation. It occurs because people can no longer afford the rising prices of goods and services. Yea; a couple of co-incidentals (if you really believe they are) are blamed for having triggered the long-time denied presence of a recession. They are - as if you don’t know - the mega increases in crude prices and the mortgage crisis; “The proverbial straws that broke the camel’s back,” so to say. (My-my! What an appropriate analogy) To be sure, if crude prices had not risen and the mortgage crisis had not been, America and the world would still have arrived to usher in a recession, only later. Inflation of goods and services without relative salary increases is a definite recipe for an eventual deflationary catastrophe. It doesn’t take an economics’ degree to do this math; simple common sense is more than adequate.
But, it’s all well and good to look back and play the blame game if it makes us feel better; certainly knowing who is to blame will not rescue America. A strong diverse plan developed by the best economic minds is being implemented as I write this essay. As part of the newly passed Recovery and Investment Plan is a long overdue tax change; strip those who earn over $250,000 per year of their tax breaks and subsidies; then lower taxes for those who reside on Main Street. Sounds okay to me; estimates are that employees will receive and average increase in the net pay of $15 per week. That’s roughly $780 per year. Multiply that by the almost 133 million working Americans earning under $250,000 per year living on Main Street and you’ll realize that an approximate additional $104 billion dollars will be spent on goods and services right here in America, by Americans. And to make this possible, President Obama is going to strip those who earn more than $250,000 per years of tax breaks and corporate subsidies. Perhaps these whining greed mongers might consider taking off their blinders and calculate that 133 million Americans are already beginning to spend this newly realized $104 billion dollars in their small and large businesses. Can they not see that “trickle-up” in the end earns much more than that to which their tax breaks of old amounted? Even a ‘caveman’ can figure-out this common sense premise.
Conservative tax breaks follow an ideology (Trickle-down Theory) first thought of and implemented by a democratic President, John F Kennedy; it didn’t work then and it didn’t work for President Reagan either. Would it have had any chance of creating new jobs, they would be created, not here but in India, China, and other outsourcing countries. Exxon gets tremendous tax breaks and still reports record profits. Is there not something terribly wrong with that picture? We are bailing-out American banks who continue to screw us while they spend, without oversight or regulation, the billions we taxpayers will be strapped with for decades to come. I ask again; “is there not something wrong with this picture?”
Wake-up America! The conservative “actors’ know the straight skinny; they are simply trying to save their “brand.” Their objections have little to do with what will and what won’t work; they’ve more to do with trying to save their party, its ideals, and failed policies. But even more selfish; they are bent on saving their career politician jobs.
If you are a conservative or liberal earning greater than $250,000 annually, stop and think for just one minute about the already being realized $104 billion dollars Main Street residents are beginning to find in the paychecks. In spite of the almost 12 million unemployed there are soon to be expanding opportunities in all businesses large and small. I think now is a good time to start vying for this new influx of wage-earned monies by restarting ad campaigns, purchasing or manufacturing great new and exciting merchandise to attract this new money into your cash drawers, registers, and bank accounts. It won’t be long before your tax breaks and subsidies of the past become just that; past memories, best forgotten.
Additionally, the large sums being given to states for infrastructure maintenance and improvements are already putting people back to work. Soon new green initiative opportunities will be sprouting like summer buds on an orange blossom tree in spring. More product turns means more cash for your registers, cash drawers, and bank accounts.
It’s not about party affiliation or career politician futures; it is about the health of Main Street because they have been and always will be the primary resource that fuels the growth of small and large enterprise; not tax breaks and subsidies. Tax breaks and subsidies do not purchase products and services; they simply tell business owners “take the day off on us.”