Tapsearch Com EditorRay Tapajna published letter predicted economic storms
By Ray Tapajna - See also his cluster of sites at Tapsearch Com
Both parties should quit their spins on how to restart the economy - note this is from 2001 but letter still applys in 2009.
Robert Reich, former secretary of labor under Bill Clinton, says both parties should give up their spins on how to restart the economy. ( The economy was in sad shape back then too but this is conveniently ignored by President Obama and his followers today.) Democrats ahve to give up their born-again fiscal austerity. Republicans have to give up their supply-side tax cuts for corporations and the rich.
There is a missing ingredient here to address. ( It still not discussed today. ) Any extra money that flows into the economy through any kind of government program does not work as it once did. Any extra money would go 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 her, and the Republicans' trickle-down theory is blocked right off the bat. ( The same is true today with Obama's stimulus plans as he remains quiet about the flow of money outside the USA due to free trade. )
The Democrats' idea of fiscal integrity is a false one, too. The (so called surplus back then ) surplus was based primarily on eh Social Security trust fund. Surpluses depend on real-world economics - not Social Security trust funds that are used just like income taxes are.
Globalism has reared its ugly head. We have exported much of our value-added economy. And extra moneydoes not flow downward to multilevels back to the raw product. The money evaporates to the multiglobal places. ( Again Obama does not tell us how to deal with this global economic process. )
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 economic globalism has failed. ( All this still applys today. Our economy based on making money instead of making things has failed and will keep failing no matter how much money, President Obama pours into the economy or uses to bail out the making money on money economy. President Reagan "Trickle down Economics" failed and President Obama government money - is still the same old "Trickle down Economics. )
Ray Tapajna
Both parties should quit their spins on how to restart the economy - note this is from 2001 but letter still applys in 2009.
Robert Reich, former secretary of labor under Bill Clinton, says both parties should give up their spins on how to restart the economy. ( The economy was in sad shape back then too but this is conveniently ignored by President Obama and his followers today.) Democrats ahve to give up their born-again fiscal austerity. Republicans have to give up their supply-side tax cuts for corporations and the rich.
There is a missing ingredient here to address. ( It still not discussed today. ) Any extra money that flows into the economy through any kind of government program does not work as it once did. Any extra money would go 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 her, and the Republicans' trickle-down theory is blocked right off the bat. ( The same is true today with Obama's stimulus plans as he remains quiet about the flow of money outside the USA due to free trade. )
The Democrats' idea of fiscal integrity is a false one, too. The (so called surplus back then ) surplus was based primarily on eh Social Security trust fund. Surpluses depend on real-world economics - not Social Security trust funds that are used just like income taxes are.
Globalism has reared its ugly head. We have exported much of our value-added economy. And extra moneydoes not flow downward to multilevels back to the raw product. The money evaporates to the multiglobal places. ( Again Obama does not tell us how to deal with this global economic process. )
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 economic globalism has failed. ( All this still applys today. Our economy based on making money instead of making things has failed and will keep failing no matter how much money, President Obama pours into the economy or uses to bail out the making money on money economy. President Reagan "Trickle down Economics" failed and President Obama government money - is still the same old "Trickle down Economics. )
Ray Tapajna
