Share on Google Plus
Share on Twitter
Share on Facebook
Share on LinkedIn Share on PInterest Share on Reddit Share on StumbleUpon Tell A Friend
Printer Friendly Page Save As Favorite View Favorites View Article Stats

Exclusive to OpEdNews:
OpEdNews Op Eds

Dylan Ratigan: Three Ways Our Government Could Trigger the Creation of Many More Private Sector Jobs in America

By (about the author)     Permalink       (Page 2 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 6   Supported 5   Well Said 3  
View Ratings | Rate It

Headlined to H4 8/9/11
Become a Fan
  (107 fans)

Throwing trillions at the big banks is like pouring water into a bucket with a hole in it.   How so?   Because current banking laws, and for that matter trade laws, both make it more profitable for banks to:

(a)   engage in financial speculation, loan the money right back to our own government, or invest it overseas . . rather than to . .

(b)   focus on domestic lending.

In other words, before the money ever gets to domestic lending, it leaks out the hole in the bucket and ends up either overseas or in the gambling casinos of Wall Street (i.e. the markets for stocks and derivatives).

In order to "reverse the blower," therefore, we need laws that encourage banks to lend, rather than speculate and extract.   That way, money can be spread around to job creators who actually produce ideas and hire workers to produce products and services based on those creative ideas.

Finally, let us realize something that Dylan Ratigan apparently does not, and that is that even if small businesses had all the loaned investment money they needed to expand and hire new employees, they wouldn't do that unless there were sufficient numbers of consumers out there ready and able to buy the services and products of these companies.   And that's not going to happen unless a whole lot more money is put back into the hands of existent workers and consumers.   This means that a whole lot of federal financial help is going to first have to go to the following potential spenders whose then resultant spending is going to be absolutely required:

a)     State and local governments so that they can hire back, or give raises to, the state and local government employees who   they   have   either been forced to lay off or reduce the wages of

b)     The unemployed who badly need extensions of their unemployment insurance

c)     People who are on welfare and food stamps and who immediately spend into the economy every penny they receive.

Next Page  1  |  2

Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

New JFK assassination bombshells

Was Pat Tillman Murdered by an American Sharpshooter to Shut Him up?

The cholesterol - heart disease scam: How the medical-industrial complex is raking in billions at our expense

Two U.S. presidents implicated by ex-CIA black-ops assassin

Four Ticking Time Bombs That Will Soon Ignite a Revolution

The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
8 people are discussing this page, with 15 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

As Robert Reich says in his great new article: ... by Richard Clark on Tuesday, Aug 9, 2011 at 2:54:26 PM
Trickle down and lower taxes for the wealthy have ... by Mari Eliza on Tuesday, Aug 9, 2011 at 3:02:52 PM
* Bank stocks have been annihilated! Our governme... by Richard Clark on Tuesday, Aug 9, 2011 at 3:53:23 PM
I hope people in power read this essay.... how man... by Elizabeth Hanson on Tuesday, Aug 9, 2011 at 7:12:38 PM
Sadly, the people in power mostly do not care........ by Marra Allessandro on Friday, Aug 12, 2011 at 8:11:03 AM
Ben Franklin's publication was always filled with ... by Paul from Potomac on Wednesday, Aug 10, 2011 at 2:24:07 PM
This article does not bring up  a basic subje... by crispy on Wednesday, Aug 10, 2011 at 8:06:09 PM
I know it can create inflation but so does quantit... by crispy on Wednesday, Aug 10, 2011 at 8:07:46 PM
And thanks for making them. I don't  kno... by Richard Clark on Wednesday, Aug 10, 2011 at 9:49:42 PM
I realize that the idea of maximum wage is a NO-NO... by crispy on Thursday, Aug 11, 2011 at 5:46:33 AM
Richard's thought-provoking article is likely to s... by David Chester on Thursday, Aug 11, 2011 at 5:18:30 AM
We owe $70 trillion! -- a $4 trillion... by Richard Clark on Thursday, Aug 11, 2011 at 11:14:59 AM
I, for one, am disappointed that you believe speak... by Ethan Allen on Thursday, Aug 11, 2011 at 2:19:48 PM
One of the first two definitions of berserk in my ... by Richard Clark on Thursday, Aug 11, 2011 at 2:39:14 PM
Dylan  Ratigan sometimes gets apoplectic when... by Richard Clark on Friday, Aug 12, 2011 at 11:28:35 AM