Arianna appeared Wednesday on MSNBC to discuss job creation with Martin Bashir.
"What I find amazing is that normally both political parties, you know, talk about the middle class, this is not a left-right issue, everybody wants to support the middle class. And yet now, there is a kind of economic equivalent of creationism where people think that really you need to deal with the deficit first," explained Arianna. She continued, "You know obviously this is the creed of the Tea Party. But the President in a way has bought into it in his rhetoric."
Arianna said that the austerity approach "hasn't worked in Greece." She explained that in Greece, "they actually have cut a lot, they've cut more than the IMF wanted them to cut. But what's happened in the process is that growth and tax revenues are less than they had expected, so they're in a worse hole than before."
"What we need to do here is to touch people's hearts and minds to make people recognize that we need to come together to solve our problems, otherwise we're not going to be able to," concluded Arianna.
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The rich and powerful make themselves richer and more powerful and to hell with everyone else.
It's a big club. -->http://www.youtube.com/watch?v=acLW1vFO-2Q
That platform stands for balanced budgets, and other generally conservative fiscal spending restraints.
The unemployed should contact them and suggest that they adopt a position favoring the re-industrialization to create US jobs as an issue for the next US presidential election.
They might require that I give up my consumption of alcoholic beverages in order to join the Prohibition Party, but I will if they will promote the re-industrialization of the USA to end the mass unemployment and under employment that the US government created in the past few decades.
I did not see any information on their website promoting the return to legal prohibition of alcoholic beverages in the USA, so maybe I could join that party.
ftp://ftp.bls.gov/pub/special.requests/ForeignLabor/ichccpwsuppt01.txt
These US Labor costs are in addition to the recently added cost of Extended Unemployment Benefits, National Healthcare Reform, existing and proposed new environmental laws, plus multiple fold increased cost of electrical energy that is generated in the USA in compliance with US EPA regulations makes doing business in the USA less competitive in the Market place for jobs as those costs are added to US company payroll costs.
These costs are hindering US businesses that are competing for manufacturing jobs for US citizens in the USA instead of businesses relocating or creating those jobs to foreign nations.
After the early pioneers and settlers could produce enough necessities of life (food, shelter, clothing) for themselves and had an excess to also support a (rudimentary) civilization, they would then combine their meager resources/or and tax themselves to hire public sector bureaucrats as teachers, soldiers, water system operators, police, firefighters, and other services but they limited the cost of these bureaucrats to the number and the bureaucrats pay that the wealth producers could afford and/or wanted to support.
The producers would also pool their resources and hire contractors to construct roads, bridges, water systems, sewer systems, and other infrastructre that allowed the producers to become more productive.
These tax supported government bureaucrats and government contractors did allow the producers to become more productive by relieving the producers having to worry about providing those services for themselves (and for the producer’s families), but the producers limited their expenses for bureaucratic provided services to the limitations governed by the amount of tax revenues that they wanted to pay.
The principles of limiting the amount of wealth that can be skimmed off from the wealth producing workers in the form of taxes to pay for bureaucratic services and government contracts is still applicable.
These tax-supported bureaucratic jobs are NOT ABSOLUTELY NECESSARY, but these services do increase the efficiency of the citizens that produce the food, shelter and clothing that is needed for continuing our survival since the producers could perform those services for themselves as they did previously in the earlier times.
Civilized nations have always taxed the productive population to pay for bureaucratic tax supported payrolls that supplied National Security, Crime Prevention, Police, Fire Protection, Education, and other similar items that assist, support and protect and prevent interruption of the agricultural and the industrial production bases that supplied the things (food shelter clothing) that the entire population needed to maintain life.
Maybe this is part of the definition of civilization.
Government pays for government payrolls, government benefits, government contracts, and other government activities with taxes collected from the "Wealth Producers" that create wealth in the USA.
This percentage of citizens supported by taxes is probably similar in the USA and in Greece.
We have over-financialism. People are using money to make more money. they are not using money to make or buy productive assets.
Every time that the USA prints and sells a bunch of fresh US Treasury Bonds and US dollars, the value and buying power of each existing printed US bond and US dollar reduces proportionately.
One US Dollar that would buy about 8 Mexican pesos in 1960 can now exchange for as much as 15,000 of the 1960 Mexican pesos today.
This is equivalent to about 187,500% inflation over that period.
A $2.00 USA loaf of bread would then cost $3,750.00 today if the USA had implemented Mexican type economic monetary policies in the 1970's, and $4,000.00 next month, and maybe $5,000 the month after.
Many countries are losing confidence in the dollar as the benchmark for world trade and currency values.
Foreigners do not hold US dollar denominated securities any longer than they have to.
Foreign entities will very soon own everything of value in the USA and then foreigners will become the major (maybe the only) source of employment for US citizens unless the USA reverses the Foreign Trade Deficit and the Federal Spending Deficit.
The USA population will then become employees of businesses owned by the foreign countries and/or foreign individuals that will own everything of value in the USA in the very near future if the US government continues to destroy the US economy.
US citizens might have no options if they want to feed their families?
Our children and our grandchildren might also have to change to the religion of the business owner if they want a job to feed their families.
1. During the recent stock market drop people fled the stock market and piled into US treasuries..
2. China's currency is pegged to the dollar and is undervalued. So it might actually be a good investment, if you knew how to play it.
3. The Yuan does not trade in the currency markets. How you move from there to World Reserve Currency is beyond me. Ten years at least.
4. Investors try to buy low and sell high. Gold is high, real-estate is low.
5. A strong dollar means weak exports and cheap imports
6. A weak dollar means strong exports and expensive imports.
The Greeks need to industrialize and create new NATIONAL WEALTH that would be available to be taxed to raise money for the Greek government to spend, instead of borrowing money (printing and selling government bonds) and spending that money on their citizens as benefits to buy their votes, like the USA is doing.
The USA is doing the same thing by living off of borrowed "credit card" money.
Capital Spending drives Consumer Spending............Public or Private...................ony Private Investment generates tax revenue and cash flow beyond 18 months.
If you use DEBT then it should be an investment that produces value beyond 18 months.
If you fall for the Tag Line of Public DEBT remember it has a large Inflation Content which comes
back to cancel out it's short term appeal !
In short, cut taxes on business, lower spending or make Public Investment in R & D, not consumption, or do all three ! ! !
The USA still has title to sufficient remaining privately owned NATIONAL WEALTH that was created by previous generations of US citizens available to exchange (sell or mortgage) in return for US dollars back from individuals in foreign industrial nations to spend for these wealth consuming activities.
The USA should spend this remaining NATIONAL WEALTH on efforts that will increase the NATIONAL WEALTH of the USA, and not consume the existing NATIONAL WEALTH of the USA.
Seo New York (NYC)
http://www.fina-nafi.org/eng/integ/chronologie.asp?langue=eng&menu=integ
Until you get rid of this bu||$h!t, you won't get but a trickle of jobs which will never be adequate.
NAFTA was signed into law by President Bill Clinton on December 8, 1993 long after his 1992 election and he began to enforce that treaty on January 1, 1994, and that was the first of many treaties created by many subsequent the "FREE TRADE" legislation actions!
To be fair, George Bush and most all of the elected Republican and Democratic US Congressmen and US Senators were also in favor of NAFTA, so I guess the US workers were just sold out for lower cost consumer products.
I can only remember Ross Perot objecting to NAFTA! He said that NAFTA would "Suck the remaining jobs from the USA to Mexico" He was right, but the Republicans and the Democrats were both promoting NAFTA.
Where were the Union Labor Leaders that should have objected to NAFTA? They say that they objected, but I do not remember them objecting, so maybe this is why Bill Clinton enacted NAFTA. Why don't the US Labor Unions object to President Obama’s South Korean Free Trade Agreement today?
Labor unions have their own issues that have proven extremely susceptible to attack (at times with reasonable justification) by well funded interest groups. Clinton, leading from the center, probably drank the cool-aid with all the pressure to globalize. Which, when you are on top, makes a lot of sense - but over the long term creates a slippery slope to the bottom for the middle class.
US labor cannot compete with Chinese labor (or others) because we have a more regulated economy in terms of human, social, ecological, cultural costs to capitalist success - think child labor laws, minimum wage, weekends, EPA etc. We are simply not playing on the same field that other countries are. . .
We need a paradigm shift in this country based on long-term outcomes with a focus on incentivizing behaviors that we want to encourage and regulating (taxing) behaviors we want to discourage.
Mass unemployment will foster mass civil unrest, crime, anger, riots, revolution, starvation, etc.
Conditions for riots and insurrections are approaching because the people are beginning to find their situations economically hopeless.
Chaos and total lawlessness will prevail during and long after any US revolution or economic upheaval.
Only the very meanest and the most evil will survive in these conditions.
We will have then totally destroyed our civilization.
Each person will then have to comply with the wishes and the whims of any and every armed person that you encounter, unless you are sufficiently armed and deadly proficient in the use of your weapons.
All of the city residents will probably starve after any revolution?
Most of the US urban population is not knowledgeable enough to live off of the land anymore.
The city dwellers might foray into the country, kill the farmers, take over his farm, and steal the farmer's food to feed their own families before they consum,e all of the food and then starve.
Food might become more valuable than piles of freshly printed paper US dollars and US Treasury bonds.
The US Businesses must relocate and/or outsource labor expenditures as much as possible to reduce labor costs, environmental production compliance costs, electrical power costs, taxes, material costs and energy costs as much as possible if they want to satisfy the US consumer's demand for the lowest price possible for the US consumer's purchases.
If the businesses do not outsource labor and environmental expenses, they will be under-priced by their competitors that do and this will cause the business to go bankrupt and/or to cease operations and lay off their US workers
We need for the US congress to repeal all of the "Free Trade" laws and the other anti-business laws that were created in the last 20 years that encouraged and required that US corporations (and/or individual businessmen) to relocate the manufacturing jobs to foreign nations or go bankrupt.
We should re-impose extremely high import tariffs to protect our US located jobs, except that import tariffs were removed by NAFTA, GATT, WTO, MFN, etc.
The Democrats and the Republican members of the US congress and the US Senate both created the "Free Trade" laws and other anti-business laws that caused US businesses to move their US factories overseas and lay off all of the US employees and take advantage of lower labor, energy, taxes, work rules, environmental and other costs available in foreign countries.
Were our elected congressmen ignorant, stupid, dishonest, or some combination of these factors?
Do you think that maybe the foreign product manufacturers that export consumer products to the USA might have paid professional US lobbyists to spend hundreds of thousands of US dollars on wine, food, women, song, vacations, cash, sexual services, corporate jobs for the (unemployable) children/wives/girlfriends of enough of the US senators and US congressmen (and their congressional aids who actually control the members of congress) plus campaign contributions to entice (bribe) enough of our Republican and Democratic US Congressmen and Senators for the past 20 years to create all of these various "FREE TRADE LEGISLATION" to ratify various trade treaties that allowed, caused, and ECONOMICALLY REQUIRED our businesses to take advantage of the lower labor costs, lower electrical energy costs, lower business taxes, lower payroll taxes to pay for health care costs, lower unemployment insurance costs, lower environmental manufacturing costs and other anti-business costs that are not required in various foreign countries with fewer anti-business laws that are/were applicable to businesses in the USA?