I don’t like communism either. I believe I stated that it bothered me that alot of good paying working-class jobs have left this country since Reagan. By stating that I don’t like that means that I like good paying working class jobs which should tell you I’m not communist or socialist because I like PAY for my work. The whole manufacturing base of the northeast flew overseas under Reagan. I don’t know if it was totally his fault because I don’t know who was the majority in the house and senate back then but dirty deals went down back then and it almost seems to me that the use and abuse of credit was also on the rise since then meaning things must have changed in that regard also back then. I remember one sickening comment he made." Since when are Americans afraid to compete?" How in the world did he expect U.S. workers to compete against the wages being paid in Japan, Korea, China, India, Mexico? How could he take their votes and do that to them? The cost of living here is so much more than those other countries yet he let so many U.S. jobs go all for one little saying and one big smile from an actor. And our economy continues to pay today.IMHO. I don’t find anything laughable about it. And I’ll probably never view Reagan as a hero.EVER.
To begin, no one president is to blame for our current disaster. Every president since 1865 shares in some sense the blame for the decline in our economic well being and security.
Now the problem we are experiencing now is not that we do not have enough good paying jobs, but rather that the money we have now does not buy what it once did.
Think about it:
The minimum wage in California is $8.00 an hour. If our money was worth the same as in 1910, this would equate to roughly $160 an hour in buying power! That would be over $300,000 a year! But, due to inflation, that $8 now only has a buying power of $.40. Our money is worth a 20th of what it once was. Who is to blame for this?
The government-contrived Federal Reserve. They print money like it is going out of style, to the point where, like any commodity, it declines in value the more you have of it. Think, if you had a Babe Ruth baseball card, it would be worth a mint. I you had a million of them, it would be nothing. Same with money. All presidents that continue to support the Fed share in the blame for this decline.
Loss of jobs? Consider this: As a business owner I paid Federal Income tax, State Income tax, State Sales tax, Unapportioned Property tax, Property Tax, County POS tax, Federal, State, and local gasoline tax, Social Security tax, Unemployment tax, Disability tax, Employment Training tax, Medicare tax, Medical tax, Local sales tax, the list goes on. None of this existed in 1910, and the Founding Fathers revolted over less!
Add to this the federal debt. The debt, which once took up 46% of GDP, under President Obama is now larger than every expenditure made in the United States for an entire year. It eats up the value our money and also squeezes credit, as the government increases the debt load on people.
Then add the regulations our business must follow: OSHA, union laws, environmental laws, Wagner Act, Taft-Hartley Act, minimum wage, County Health, County Weights and Measures, etc. This adds a signifigant overhead to all businesses, which passes costs on to the consumer.
THEN add artificially high value of real property, caused in parts by Fannie Mae, Feddie Mac, Federal Housing Authority, Federal Reserve with interest rates, Dept. of Housing & Urban Development, Community Reinvestment Act, Fair Housing Act, and investment bankers, which adds more overhead as business must pay rent on increasingly inflated property values.
AND THEN, add the cost of health care, fantastically inflated by Medicare, Medicaid, Prescription Drug Plan Act, Food & Drug Administration, Dept. of Health & Human Services, Pure Food & Drug Act, and mandatory care laws, which require health care providers to treat those who cannot pay. They therefore increase prices on insurance companies, who must pass on the cost to consumers, who get higher rates. Since Medicare and other government entities generally pay below market, health care providers again increase rate on the insured, further increase prices for you and your employer.
AND FURTHER, add all the incentives to go overseas. NAFTA, CAFTA, GATT, Federal Overseas Investment Corporation, Peace Corps, and military all promote overseas investment by domestic companies, where that can be subsidized or given tax breaks to move out of country. Add to this moving to a country with less taxes, regulations, and a hard working populace, you see it becomes almost absurd to continue to do business in the US, when you can do so much better somewhere else.
Free market capitalism? When you find it let me know, because I cannot find it in the U.S. The economic system we have most resembles the fascist one. With all the damage government intervention is doing currently, can you therefore imagine how it would be under communism?!?
