In Memory of Carol Ann

Dedicated to Erin Elizabeth and Deanna Carol


Any society that would give up a little liberty for a little security deserves neither and will lose both.

Benjamin Franklin.













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Thursday, July 7, 2011

2big2fail




The economic policies of Trickle Down Economics in theory is to reduce tax burdens on the rich and provide subsidies to the rich from the taxpayers. The rich would reinvest their undeserved windfall profits by investing in new factories and thus create jobs and economic prosperity for all. Two for me and one for you long division?

The result is the rich have pocketed their undeserved windfalls, built factories overseas and moved their headquarters outside the US to avoid what little taxes owed. Trickle Down Economics has divided the country as it created 2big2fail at the sole expense of the American Middle Class.

The notion supported by Congress that huge Oligopoly Corporations are needed to compete on a Global Scale. The same logic as the Red Threat of Communism or first Country to land on the Moon will control the Earth by default. Logic of fear of what the other guy is doing rather, than play your own game the best able.

The sentiment that these Oligopoly Corporation are desirable is an ironic twist in direction from a hundred years ago when Congress passed legislation limiting the size of these very same corporations. The most notable were the Anti Trust Sherman Act 1890, Federal Trade Commission 1914, Clayton Act 1914 and Glass Steagall Act 1934. All were designed to prohibit and discourage 2big2fail.

America prospered in an unencumbered Middle Class that grew from post war until 1980's. Since 1980's the middle class has been sacrificed on the alter of 2big2fail. Every aspect of American Standard of Living has suffered as it ushered in 500 times increases in Executive pay and more obscene bonuses.

We The People were led to believe theses were highly talented executives who were Titans of Industry and deserved obscene compensation. In the 2008 Financial Holocaust we learned they were merely parasites sucking off the GDP as if it were personal property. All those nickels and dimes from mom and pops 401-k retirment funds poured into a stock market that would drive markets up regardless of decsions of the CEO Executives. The higher the DOW went the more money poured in DOW

Under the pressure of free trade agreements American Workers now competed with unfair foriegn labor who don't support the heavy spending programs of the US Congress. At the same time we were told that unions were destroying our country and middle management should take pay cuts until better times that never come.

Corporate Downsizing and Out Sourcing eliminated employees with years of service to avoid much deserved vested retirements promised. Hiring cheaper younger workers that delay legacy costs for several decades.

Corporate Welfare was the end product of Trickle Down Economics and 2big2fail. We are witnessing Global Failure for theses same policies. The logic behind 2big2fail is always trumped by pure human greed.

The Global Economy and Global Banking thus far has created Global Thieves of International Scale. The G-8 is simply the worlds first attempt to control the world wealth and not it's real estate or borders.

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