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August 10, 2012

Connecting-The-Dots to America's Economic Malaise

By Hugh Campbell

"It's the economy, Stupid!" has been the recurring election year mantra since 1992. "The Betrayal of the American Dream," pinpoints when the "Made in the U.S.A." America began to disappear: June 1979. More people were employed at U.S. factory jobs at that time than before or since. About the same time, the share that the wealthiest Americans paid in taxes began to fall sharply. Decades of laissez-faire business strategies and government policies ...

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"It's the economy, Stupid!" has been the recurring election year mantra since 1992. "The Betrayal of the American Dream," pinpoints when the "Made in the U.S.A." America began to disappear: June 1979. More people were employed at U.S. factory jobs at that time than before or since. About the same time, the share that the wealthiest Americans paid in taxes began to fall sharply. Decades of laissez-faire business strategies and government policies have undercut the American middle class and the underpinnings of American democracy. Republican and Democrat have sold their business-friendly reforms to the American people in the name of economic efficiency. But the real winner is the American "ruling class." The economic elite have quietly, methodically and ruthlessly restructured the tax code on behalf of the wealthiest Americans. They win just about every political fight we read about.

Authors Bio:
A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held positions as Chief Risk Officer (CRO), Chief Audit Executive (CAE) and Director of Sarbanes-Oxley (SOX) Compliance, is a son of a Philadelphia, Pa. Steelworker and very concerned citizen with regards to the fate of our Republic.

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