By Jack E. Lohman
Recession or not, it hurts. And there’s only one thing that can get us back on track.
Following every other recession we’ve had jobs to revitalize us. Now those jobs are in other countries.
We’re even looking at the positive side of $4 gas… as the cost of importing product goes up, bringing jobs back to the states looks better each day. Toyota is now moving a Prius plant to the U.S..
Isn’t that great?
Obama wants to eliminate subsidies to companies that outsource jobs to other countries, and indeed we should. But we should also ask why congress gave these taxpayer-funded favors in the first place.
The answer is clear: Our moneyed electoral system demands it. Politicians from both parties taking money to do exactly opposite of what is in the best interest of the country. It will ultimately cost us our democracy.
Correction, it already has.
I don’t care that our GDP is growing. We are spending increasing amounts of money on gas, food and health care. How else would you expect the GDP to respond? And when the newly-rich foreigners — you know, the ones who now have our jobs — buy product from the US, it is also added to our growing GDP.
And you thought our GDP represented only American spending?
I don’t care if the “average personal income” is rising faster than inflation. That’s because the salaries for our richest CEOs are rising at 25%. That’ll create a rise every time, even while those at the bottom are effectively in a nosedive.
What I do care about is that an ever-higher percentage of my family’s personal income is going to satisfy the millionaires that line the pockets of the politicians, and less of our individual income is going to savings and to my family’s needs. I care that seniors’ meals-on-wheels programs are running out of money for food, and in some cases are being eliminated. I care that George Bush gave a massive tax break for the rich and put this nation’s and the world’s economy in a tailspin.
I call that a “recession,” but you can call it whatever you want.
Yes we must cut business taxes to stimulate growth, and that can only mean cutting state spending. But government spending results when corporations give campaign contributions to politicians to generate industry subsidies. Political corruption. Bribery. Payola.
Some politicians (and most conservatives) seem unable to connect these dots.
But guess what? All of this increases taxes!!!!
So several things are needed. First, we must get private money out of our electoral system through public funding of campaigns. Next we need a whole new set of politicians in November. Lastly, we must reset to zero. Apply a sunset clause to every state department, and they either justify their existence or they close the doors. Even if they stay in place, their budgets and waste must be substantially cut and unnecessary staff and procedures eliminated.