Of course the Republicans would fight him tooth and nail on this; they would scream about the president hurting so-called "job creators" -- who in reality happen to be the very people who are the job destroyers! To wit: As we've already seen, big business has decimated American jobs through mega-mergers, outsourcing, oil speculation and by shifting factories to Mexico and China. The nation can only prosper if the destructive ability of these job destroyers is restrained through increased taxes and the creation of truly free markets. (Examine economic history and you will see that jobs have always been most plentiful, and best paid, when taxes on corporations and the rich have been highest.)
When the government bails out megabanks and Wall Street firms, it amounts to shooting the economy in the foot
Our president supposedly seeks to bring about change, which was his campaign slogan. But once elected, he got sidetracked by yielding to his inborn personal tendency to think that change is best achieved through compromise. But nationally, this has never happened before. So what the hell was he thinking?! Never before in history have the exploited prospered by cooperating with the exploiter! Wake up, Obie!
Compromise is what produced the government's nine-point list of harmful measures & policies described above
The Republicans were able to impose these measures only when sufficient numbers of Democrats compromised with them. When Reagan raised the gasoline tax and excise taxes in 1982, it was through the cooperation of the Dumocrats, who cooperated again in 1983 when Social Security and self-employment taxes went up sharply to pay for the massive income tax cut of 1981. The repeal of the Glass-Steagall Act, the Bush tax cuts and bailout, were all the handiwork of Republican lawmakers and right-wing Dumocrats ready to compromise.
America does not need another dose of increased government spending, but rather a rational economic policy that generates free-market capitalism, to take the place of the current monopoly capitalism. In 1776, the nation declared independence; coincidentally, this was the same year that Adam Smith, the father of modern economics, demonstrated how small businesses generate lasting prosperity for all, not just a privileged few. And that is what we need again. It is well known that small firms have created the bulk of American jobs in recent years. This is then the best argument for breaking up business conglomerates -- not only to create jobs, but also to lower the oil price and the cost of health care. Therefore it's time to take the Sherman Anti-Trust act out of cold storage.
Eliminate the Trade Deficit
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