Tapsearch Com EditorMust look back in order to go forward - it's economic deja vu
From Ray Tapajna Chronicles that forcasted our economic storms years ago
Dec 2001 Plain Dealer letters by Ray Tapajna and Arthur T. Blech
The Recession hits home, and hits hard - and it's the same in 2009 - It's Deja Vu economics all over again
Robert Reich, former secretary of labor under Bill Clinton, says both parties should give up their spins on how to restart the economy. Democrats have to give up their born-again fiscal austerity. The Democrats in 2009 have reversed themselves related to fiscal responsibility. Republicans have to give up their supply-side tax cuts for corporations and the rich.
There is a missing ingredient here to address. Any extra money that now flows into economy through any kind of government program does not work as it once did. Any extra money would first go primarily to the retail level. After that, this money fans out to the places where the products are made and to corporations outside the United States. It does not stay here, and the Republicans trickle-down theory is blocked right off the bat. ( The same thing happens now with President Obama's big government approach. It is the trickle-down theory all over again except it now trickles down from big government who bailed out big money before worrying about those who lost their jobs in the process. The bail outs act as tariffs on future generations. Tariffs in essence have been taken off products and charged to future our children and grandchildren etc etc. )
The Democrats idea of fiscal integrity is a false one, too. The surplus was based primarily on the Social Security trust fund. Surpluses depend on real-world economics. Globalism has reared its ugly head. We have exported much of our value-added economy. Any extra money does not flow downward to multilevels back to the raw product. The money evaporates to the multiglobal places.
The working poor here cannot buy that much to balance this out, and certainly the destitute workers outside the United States cannot even afford to buy the products they make, let alone have any extra money to buy what products we have left in this country to sell to them.
Both parties have turned a blind eye to these problems and do not want to admit that economic globlaism has failed.
[ During our present economic crisis in 2009 etc, President Obama chooses to do the same thing and never mentioned the global economy, free trade and globalization as a cause of our economic crisis. He bails out the same financial interests that caused the problems in the first place. He still co-operates with the globalist free traders of the world who are responsible for our economic mess. ]
Ray T. (Arthur T. Blech's letter will follow in part 2 of this post.)
List of Ray Tapajna Chronicle sites
Dec 2001 Plain Dealer letters by Ray Tapajna and Arthur T. Blech
The Recession hits home, and hits hard - and it's the same in 2009 - It's Deja Vu economics all over again
Robert Reich, former secretary of labor under Bill Clinton, says both parties should give up their spins on how to restart the economy. Democrats have to give up their born-again fiscal austerity. The Democrats in 2009 have reversed themselves related to fiscal responsibility. Republicans have to give up their supply-side tax cuts for corporations and the rich.
There is a missing ingredient here to address. Any extra money that now flows into economy through any kind of government program does not work as it once did. Any extra money would first go primarily to the retail level. After that, this money fans out to the places where the products are made and to corporations outside the United States. It does not stay here, and the Republicans trickle-down theory is blocked right off the bat. ( The same thing happens now with President Obama's big government approach. It is the trickle-down theory all over again except it now trickles down from big government who bailed out big money before worrying about those who lost their jobs in the process. The bail outs act as tariffs on future generations. Tariffs in essence have been taken off products and charged to future our children and grandchildren etc etc. )
The Democrats idea of fiscal integrity is a false one, too. The surplus was based primarily on the Social Security trust fund. Surpluses depend on real-world economics. Globalism has reared its ugly head. We have exported much of our value-added economy. Any extra money does not flow downward to multilevels back to the raw product. The money evaporates to the multiglobal places.
The working poor here cannot buy that much to balance this out, and certainly the destitute workers outside the United States cannot even afford to buy the products they make, let alone have any extra money to buy what products we have left in this country to sell to them.
Both parties have turned a blind eye to these problems and do not want to admit that economic globlaism has failed.
[ During our present economic crisis in 2009 etc, President Obama chooses to do the same thing and never mentioned the global economy, free trade and globalization as a cause of our economic crisis. He bails out the same financial interests that caused the problems in the first place. He still co-operates with the globalist free traders of the world who are responsible for our economic mess. ]
Ray T. (Arthur T. Blech's letter will follow in part 2 of this post.)
List of Ray Tapajna Chronicle sites
