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Bottom five states ranked by population:
864,764 Delaware
796,214 South Dakota
683,478 Alaska
639,715 North Dakota
621,254 Vermont
588,292 District of Columbia
533,000 November’s Slashed Jobs
522,830 Wyoming
According to their financial report, in 2006 GM had 566 million shares of common stock.. Today it was 4.08 dollars a share.. We could buy the company for under $2.4 billion dollars…
As controlling partners, we could fire, sort, rearrange, and control the entire board.
We could direct what ever we wished: all cars must be hybrids, all cars must run over 50 mpg. WE could loan money from ourselves and pay it back to ourselves…
They asked for 30 billion. Thirty billion to cut 30,000 more American jobs?.. Thirty billion to move operations to Brazil?
If they fold, unemployment will run $25 billion. The difference is 5 billion which should just be enough to by both GM and Ford outright, instead of a loan these guys have no idea of how to spend…
If we buy them outright, (and it wouldn’t cost that much if we only bought the controlling interests), we could convert automobile plants into windmill plants.. AS long as people are working..
And we could use the same principal on our financial sector. If banks don’t lend with all the money we have given, we buy the controlling interest of them with the next 80 billion we secretly shell out, and control their board of directors, thereby forcing triple A+ loans to be approved.
If businesses don’t play… their directors pay. We shouldn’t play with the economy just to pay their directors…
The above picture says it all…. Outleys are what this nation pays out…. Receipts are what this nation takes in…. When the blue line is below the black line, things are good… When the black line is above the blue line, then we have to borrow to make up the difference.
SO WHAT WE HAVE TO DO IS CUT EXPENSES…. AND RAISE REVENUES.
That’s it…. Simple….
Let’s look at the history covered by the graph: most of your lifetimes… Notice only one time where the blue line dipped below the black line… You can see that around 1992 the blue line starts to drop and does so steadily over the course of 8 years… You can also see that around 1994, the black line slowly begins to turn upward and continues until 2001, when it again begins to plummet to its lowest point ever… …
It rises again from that lowest point until the fall of 2007, where it begins to tumble again.
This should give all hope… Even now, if we were to progress on the same policies that occurred during 1992-1994 years, our gap between the two lines is still less than it was during 1991-1992….. If we fixed it then, we should have the capacity to fix it again…
So what did they do? They raised taxes on the wealthy. They also began closing unneeded sections of the Federal Government; also the trimming of the military was a large part of that savings…
Those two programs narrowed the gap, but if one looks at the chart, like a big ship turning itself around, it takes a long time to make that turn… 2 1/2 years… But as the chart shows, as that turn begins, things will get better if we cut our costs, and raise our revenues…..
So we have to look at this like patriots intent on saving their country… We have to understand that all will be lost if we do nothing. If no one has money, we are instantly back in the Dark Ages, Craig-Listing our possessions to stay alive…. Obviously we all have to give a little to keep America afloat… It is not a tax.. it is an investment… an investment in America… and despite their risky nature, most investments usually bring with them…. a healthy rate of return…
So the first days of office, there is a pressing need to roll back the Bush tax cuts to that level held during the Clinton years.. Corporate taxes need to be raised as well, but with a substantial deduction for opening each new location IN THIS COUNTRY… (Only those companies taking jobs oversees will have to pay more… ) Substantial deductions need to be allowed for research and development… These two exceptions actually keep corporate taxes from raising for those businesses investing in the local economy…
Assume you are slated to pay $1,000,000 in taxes. But…………..you can deduct $400,000 for your new manufacturing unit, and another $400,000 for research and development…… now what would you do? Would you give $800k to the Federal Government saying, “Well, might as well…. I won’t get any of it…” or would you invest that $800k (creating new jobs in the process), in those two fields, knowing that with increased production, your margins would go down, and you sales would go up… You’re million dollar outlay is the same… but you stand to make money on the 800k you invested in your own business.
Raising taxes with no incentives or no deductions can stifle the economy… There is less money to invest.. But as we learned from 8 years of Republican leadership, cutting taxes gives corporations a huge incentive to make more money since it is tax free… and investing oversees or in unsecured derivitives or credit swaps…. is where Republican policy sends all the money… Democratic higher taxes, sends it directly back into the economy.
As that money is pumped back down into new construction, hiring is necessary. America goes back to work… As Americans get paid,… they begin to spend…
What increased revenue does… is create a punitive atmosphere for doing what actually created the financial mess we find ourselves in today….
As we begin to tackle the issue of health care… we need to be sure that our ultimate goal, is not to incur additional expense upon the Federal Government.. We can solve the health care issue by mandating preventative health care and lowering the cost of screenings, and eliminating all clauses related to pre-existing conditions. The laws can be written by Congress, they can be enforced by the Executive Branch, but the money needs to be kept out of government’s hands…
Adding additional bureaucracy is counter productive to our main goal of applying downward pressure to bringing the blue line down…
This is a proper plan…. To those who raise doubts, I will ask them to save my time in their queries, by first recognizing that despite what they might think that they believe… evidence shows this policy has worked… History proved it 1992- 2001.
Looking at the chart, its the only model that makes sense………………..
That is the question: Whether it’s nobler in this nation’s mind to suffer those slings and arrows bestowed upon us by our outrageous misfortune, or…. to take arms against a gigantic financial sea of troubles, and by opposing…. end them?
Our two choices; fight or flee.
We can bail out the U. S. automobile industry…. or we can pass…
if we pass, then what happens to the United States if we allow the automobile industry to fail? Obviously, our cars will all be foreign automobiles, which we will have no choice but to buy, since American car parts also will become nonexistent.
Which means….
That with every car purchased…. we are sending an awful lot of money to other countries….when what we really need,….. is an awful lot of money coming into this country…
Again we have the giant vacuum cleaner sucking ….this time it is our national wealth going up the nozzle…. Because of today’s folly, our competitors get richer… and we grow poorer, and poorer, and poorer…
The end of America must be at hand…. in just a few car payments….. for really? How in as bad of shape as we are, can we make up that much money?
From all the press reports that I have seen or hearings that I have heard, no one has yet placed this big picture before the American people.
The effort not to bail out our automobile industry, is sort on the same equivalent of not choosing to fight WWII after Pearl Harbor was bombed, just to punish the arrogance of those Navy admirals who were caught sleeping with their pants down…. Back then, Americans immediately lined up to enlist.
Today they pontificate and argue; eventually they choose not to fight.
We could have used this opportunity to meld society’s wishes with an entire industry, and make cars that run on water… free water… (Search, they are out there already)…. Make something the rest of the world needs and will pay heftily to receive…. Then, once coffers are full, the American people sell back to private companies, and with the profits, write down the Bush Presidency’s deficit. Win, win, win.
Most of you don’t know… during WWII we figured out how to build a Liberty Ship in 6 days… When Hitler heard that… he muttered the war was over…. Great things can happen if we bail out the automobile plants, and with their expertise, we launch a commercial product that will save America…
As Hamlet discovered… when the buzzer buster ball lands in your hands, you take the shot……
It is a common theme among Republicans on crack. Fannie and Freddie, two institutions designed to help poor people, are the reason for this crises today… Both Fannie and Freddie, more supportive of Democrats than Republicans made good scapegoats in the Republican’s attempts so shift the blame away from themselves…
They needed to. Heaven help the Republican Party if the world found out that McCain’s former financial adviser, Phil Gramm was the person responsible for unleashing the black hole of collapse we see today…
Fannie and Freddie lost 14 billion. The global economy lost 2.4 trillion. That’s chump change. You see the real problem and the Wall Street Journal which up until now has always defended Republican positions, (even to the point of still denying that global warming is a problem), says it flat out: This episode was caused by Republican deregulation and Republican budgeting down of manpower in those few regulatory agencies left. The Wall Street Journal firmly fingers Republican laissez faire attitudes as the reason there is no money…
Both Fannie and Freddie are currently holding their values much higher than any of those other banks who contributed heavily to the Republican party’s coffers..
So if either Christine O’Donnell, Frank Knotts, Rick Jensen, David Anderson, or WGMD hosts try to blame democrats on their next post or talk show, call in and remind them….”That’s not what the Wall Street Journal said….” They said it was the Republican’s fault… (seriously, … they did… it’s right here….)
kavips 