When Economic Policies Fail
There is really something drastically wrong with our own government, our society, and the culture of America. A moral and economic decline has been slowly changing the landscape of this country. It seems as though the United States has become more unsympathetic, and even callous toward the ever increasing number of yes, United States citizens who are swept up into a cycle and circle of economic and social degradation. The actual numbers are so astounding. Not since the Great Depression has the sheer magnitude of destitute individuals reached such astronomical proportions.
What has really happened when all the federal programs designed to stimulate economic recovery in actuality has produced and even accelerated the economic and moral decay that is literally tearing this country apart. Instead of stimulating the economic fortunes of the many and implement a basic rule of solid economic principals the Administration embarked on a very dangerous policy where they literally threw borrowed funds at the financial and auto industries to help solidify their accounts. This hasn't actually helped the majority of citizens who are out of work, don't have sufficient income to meet day to day expenses, and are faced with loosing more of their homes. All of this just to some how justify sheering up those industries that created this economic catastrophe to begin with.
The reality of current conditions all across America is a sure indicator that the policies in place haven't worked nor will they create enough economic momentum to pull this country out of an economic free fall. Let's look at current economic indicators. The Trade Deficit is so out of proportion it is no wonder that are unemployment rates will continue to remain high and only increase the longer and higher this trade deficit continues. Record number of banks continue to close along with more foreclosures forcing more and more of our own citizens out into the streets. Sure, there are some bright spots around the country but nowhere near the scope that is needed to stop the hemorrhaging of economic instability from continually draining our once fiscally sound stable society.
When this crises first imploded on the unsuspecting American public. Like a forest fire that quickly spread and engulfed an entire nation and spread through-out the world; both the Bush Administration and the Obama's Administration first initiatives were the federal bail-out of the financial and auto industries. The over 760 Billion dollars of borrowed capital thrown at those institutions that created the worse economic collapse since the great Depression did nothing for the majority of Americans. Next there was an all out effort disregarding most of the financial calamity and chaos that most Americans were being thrust into in trying to incorporate Health Care Reform. The passage of the Affordable Care Act of 2010. Affordable for whom? All That this bill finally achieved was another unfunded mandate on the American public and another financial expense imposed on businesses still trying to survive the current economic crisis. This only reduced business ability to expand and further created another obstacle in the road toward economic recovery.
Had the Administration embarked on a totally different economic agenda; a more bold and direct approach toward really solving the monumental economic and social crisis that have befallen on to this country more of our citizens would be so much better off than they are now. Granted Health Care Reform is needed but not he way that this bill was passed. Our failed banks, the almost insolvent auto industry and the many other industries that have either gone out of business or have eliminated so many jobs just to try to stay afloat the current economic policy has only perpetuated continued failure.
When governmental policies only continue to favor the wealthiest few and tantalize the rest of Americans that these efforts by government are really in the best interest of all shows just how ineffective our government has become. Today over 1/4 of our population has been swept up by governments failed policies and are now existing at and below the poverty level. All indications point that by the year 2014 there will be more than 1/3 of our population that will succumb to the policies and fall victim to languish below the poverty level. For a nation that was once at the pinnacle of economic dominance now reduced so that almost half the population will be so destitute shows that if current trends and policies continue there will be over 1/2 the population that will indeed suffer a fate similar to those who endured the Great Depression of the 1930's. With so many of our citizens being swept up into this circle of poverty creates more of a drain on the already strained few causing this nation to continue to rely of borrowed funding just to keep the very basic services available in aiding the now so many that are so poor, unemployed, underemployed, and homeless. This only puts this nation on a deadly course toward financial ruin.
There is still time to avoid the economic uncertainly that will prevail if policies aren't drastically altered. Even though billions of dollars were thrown at business in the hope to ease the economic crisis this is the time for an unique approach but not new. FDR realized the importance of using capital in securing economic recovery. Had he not done what was necessary in 1935 the United States wouldn't have become the world's greatest economic and military power. When you use borrowed funding to create more tax revenue this in turn will provide the extra capital to offset and pay back those funds that were borrowed. The key here is to create tax revenue. What has occured is the exact opposite. The Republican party and even the Tea Party won't and can't comprehend this maneuver. To constructively outline how this concept works and implement it will create the economic momentum needed to avoid the stark reality of fiscal instability of or continued failed economic policies. When the Government used borrowed funds to only bail out consistently failed corporations instead of infusing those borrowed funds toward the general public, say, to all those whose incomes under a pre determined cap of $100,000 the true application of the Williams Theory of Economic Evolution would have taken place. Instead all that was done was a continued failed economic policy where the Fed continues to print more money to create the illusion that were are able to pay our debts. A very false assumption indeed.
The New Deal embarked by FDR was a monumental achievement in turning tragic circumstances into events that transformed a nation. One that became the greatest economic and military force the world has ever known. All this during a Great Depression and a World War. Similar set of circumstances prevail today. Bold decisive action is required now. Only a total National Economic Reform Agenda, a New-New Deal for the 21st century will enable this country to rid the plagued economic policies that continue to strangle any hope of recovery. Eight articles that detail and focus on specific crisis that are so urgently needed to stave off further economic collapse.
Using a united strategy instead of one issue at a time incorporate all into one concise initiative. When combined will create a continuity and a cohesiveness that enables all to succeed. These eight articles when put together will exemplify what the major issues are that is prohibiting the authentic economic expansion and financial security that every American citizen so covets. National Economic Reform will consist of Budget Deficit Elimination, Universal Health Care, Trade Deficit Equalization, Education Reform, Science & Technology Reinvestment, Immigration & Homeland Security Reform, National Defense Initiative, and Social Security Restoration.
Like the New Deal before National Economic Reform will achieve the results that have so far eluded our "Wizards" in Washington. The continued band-aid medicine on a hemorrhaging economy only exasperates the conditions that so many Americans are now being forced into. Bold, yes, Necessary, definitely. National Economic Reform a new-new deal for the American public.