the Crash of 2009 America
is in protracted civilian austerity, repeatedly relapsing toward recession.
Roughly 120 million middle income Americans (and 45 million poor) suffered
severe losses in pay and home value. Republicans and Democrats passed phony tax
cut "Recovery" acts that failed utterly to restore us. Recovery is a lie. Since
the first quarter of 2009, growth has been very slow, and in eight quarters the
Gross Domestic Product has declined to stall speed, less than 1% annual rate,
nearly recession. We 165 million Americans are still insecure, angrily waiting
for our restoration!
Come on, Mr. or Ms. President! Order the Treasury to create greenbacks, electronically only, like the $ trillions created by the Federal Reserve and "quantitatively eased" (QE) into the gambling banks. The $ trillions the Federal Reserve eased into the banks never got in our hands. We never got to pay down our mortgages, our debts, nor to buy stuff to inflate consumer prices ("CP"). The CP index never rose to a troublesome level during QE. So create greenbacks! But let them be spent over some years, right into the economy of working and poor Americans.
Government created, debt and tax free money. It's real, restorative power to the people.
(Image by Clip art of LLC) Permission Details DMCA
Now we face a deepening crisis of class war between billionaires' wealth tool propagandists and our need for restoration and a future with opportunity. Let Fox TV, Koch stink tanks and the Republican "Freedom Caucus" of Congress whine about usurpation! Let crony -- credentialed "expert economist" liars blow this Last Trump: "Killer Inflation Ahead!" Let Washington's Serious People sue all the way to the Supreme Court, the court that Republicans gridlocked by refusing to consider a Scalia replacement!
You can't just give people free stuff or money!" I'm not arguing that. Make us
work for it. Paid work is ennobling at living wages. Under globalized wages, many
Americans, blamelessly, can no longer be profitably employed by private
enterprise! So find needed government - payable work, at living wages, for
infrastructure maintenance, Universal Day Care, Health and Respite care
assistants, etc. maybe a second job for a family. Pay out greenbacks slowly for
such jobs, with even a legitimate - debt pay-off set-aside. Greenbacks can also
be merely deposited (without investment in government bonds) just to top off
allegedly "insolvent" entitlement funds like Social Security, and Medicare
and college scholarships. Current National Debt accounting rules are maintained
by the Executive branch (Treasury Department.) They're not Holy Writ! The
Federal Reserve Note isn't Eve's Apple,
nor are greenbacks treyf or haram! Non-creation is just banker taboo!