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JUMPSTARTING A VIBRANT & STABLE ECONOMY IN THE UNITED STATES

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JUMPSTARTING A VIBRANT & STABLE ECONOMY IN THE UNITED STATES

The title of this article says it all.


JUMPSTARTING A VIBRANT & STABLE ECONOMY IN THE UNITED STATES

 

Farid A. Khavari

 

The most devastating problem in the United States has been the high unemployment rates that are prevalent, along with the economic problems currently seen. Despite the efforts of pumping hundreds of billions of dollars of stimulus monies and implementation of other economic-political measures, nothing has turned out to be effective, but instead, devastating. The economic system has gone awry. The impression that is given is that the United States is currently in the process of dismantling its own economy, either intentionally or by accident. Americans are noticeably confused or possibly mis-guided by the economic problems that we are currently under. Have Americans given up on our nation, believing that the powers that be will do whatever they feel without hearing our common voices on the economy? Americans should not think in terms of the elite controlling our nation and in turn our economic destiny. We as Americans do have solutions.   The following is an attempt to provide some clarifications to those solutions that are pragmatic, under the motto: What's good for America, it is good for all Americans!

 

THE MAIN SOURCES OF THE PROBLEMS

 

-         Economists: Most economists are ill-equipped to master the tasks that they are confronted with. For one, their economic knowledge would now be considered obsolete. The Marxist economic experiment has failed, because of the concentration of "distribution" rather than concentrating on, and the neglecting of "production." The Keynesian economic experiment of deficit spending will no longer be effective when the economy is highly saturated. How many more freeways can be built, or repaired, when gas prices become too high and Americans can no longer afford to drive on them? The Monetarist economic experiment is no more than an incomplete monetary concept without any usefulness for today's challenges.   Other economists now seem to neglect the most important aspect of the economy--the interdependencies of the economic factors that are intertwined! Therefore, what these economists recommend as solutions, are piecemeal and incomplete resolutions without considering the consequences of suggested economic measures in other areas of the economy or other economic factors. Most economists' mindset is to think "micro-economically" expecting to resolve "macro-economical" problems. Similarly most business-minded politicians talk about running an economy like a business; it sounds good in theory, but running an economy like a business by design has ended in disastrous results. Still more, not too many economists understand how a real life economy runs when all they have done was sit in a room behind their computers and dream out ineffective and baseless solutions. Last but not least, economists do not have a clear idea of the terminologies that they speak about! For example, politicians suggest giving "tax breaks" because it spurns the economy! The fact is tax breaks will not give enough incentives to invest in the economy. But the availability of opportunities for maximizing profit will. To maximize the incentive of the economy it would be imperative to put into effect low cost loans and mortgages in place to spur economic growth within the economy rather than giving lower tax rates. This theory suggests before paying taxes, that both big and small businesses must generate plenty of sales, and thereby hopefully make profits before low taxes or no taxes could become an issue to be collected by local, state and federal entities. In order to get to this point, low cost loans and mortgages, and the availability to the American people and businesses would be more important and effective than all tax breaks and tax exemptions passed by state assemblies and by Congress. Low cost loans and mortgages are the most effective tools that would spur and create economic demand, which in turn make low tax rates an interesting concept to be utilized--not the other way around. In this connection, we should keep in mind that low cost loans and mortgages cannot be used as an arbitrary spending tool on any goods and services because it would be self-defeating. Instead, these monies should be used for cleaning up the economic problem of foreclosed homes and other real estate investments from the market and to jump start renewable energy industries. Investing in the renewable energy would help to reduce the cost of living for the American people as well as the operating cost of businesses within a bigger picture. As mentioned, certainly, building more roads, freeways and bridges will not clean up the depressed real estate market, or the macro-economic problems in whole. We have yet to hear an economist suggesting these measures as a viable way to get out of our economic problems we encounter currently. Is it any wonder why the U.S. economy cannot rebound and grow?

 

-         Politicians: On politicians, one could say about these individuals is this: 1) they would do and say anything to be "elected." 2) They would do and say anything to be "re-elected." Understanding status-quo politics is their second nature and they will tell Americans whatever they want to hear so they may get elected or re-elected. Is it any surprise that politicians do not work for the interests of the American people? The prerequisites for being "elected" and "re-elected" are to be "anointed" by one of the two dominating parties qualifying them as the best candidate to draw the attention of "special interest groups" and their "monies" towards themselves! Isn't it any wonder that most Congressional Representatives and Senators are millionaires? Are they working for your interest or the interest of those that are "special"? The answer is obvious.

 

-         Political Parties: There seems to have been created, if you want to be bold in thinking, a "semi-dictatorship" through the dominance of a two-party system in the United States. There is very little chance the needs of the American people can be taken care of, or even met. Again, the problem compounds when the candidates are "anointed" by the party apparatus and financed by "special interest groups." Consequently, we are not getting the best, most honest and capable candidates into local, state and federal offices. Party leaders have no plans to fix the economy, nor will they have a program as a solution. If they have any plans, it would be to have their candidates elected or re-elected to serve the interests of their financiers, who would then fill party coffers of their particular political party's treasury. Again, should you be surprised why our economy is faltering and being sold out by the two party apparatus?

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I am an economist (Ph.D.) and author of nine books dealing with economics, crude oil, energy, currency, environment, healthcare, and cost. For details, please visit www.zerocosteconomy.com

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