Today’s American FED and Treasury “bailouts” are finally giving the American corporate-cronyism form of capitalism all the remaining aspects of the Leninist “commanding heights” economy that served the Soviet Union so well. The classical Keynesian-Friedmanite school of thought is that smart and slick central planners can somehow control and manipulate the economy by stimulating it at opportune times by inflation with unsound money, or holding back the throttle in times of abundance. FULL ARTICLE
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Jake, I think you’re really on to something – ending the income tax for 2008 (and hopefully longer) is something I could really find myself supporting.
[...] at The Populist Party Today’s American FED and Treasury “bailouts” are finally giving the American [...]
that great slump is going to be followed by an even bigger one in 2009.
Jake. I have to agree with you at least in principle. America’s long term liabilities are some where above $70 Trillion. At $80 Trillion the American family of four will be in government debt in excess of one million dollars per family.
The year 2009 will be much worse than 2008, and that huge debt not only will get smaller, it will grow by the interest paid to those who brought us the problem in the first place.
Bringing Lender and Borrower together seems like such a good idea, but hold on, there’s a problem: The bailouts and the war plus the Corporate corruption over the last eight years has just about sucked the last drop of blood from the average american citizen. Even if he could borrow he has lost his ability to repay, so the lenders will take their( which was our money before the bailout ) money overseas where they hope to get a return that would exceed the risk of investing in the U S. These people are criminal and deserve to be brought to justice.
Here’s the question that no one seems to ask – when was it ever morally acceptable for a person or a group of people to take the earnings from one person under the threat of force and give it to others? The IRS is nothing but a gang of thugs.
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