Tag: economy

Spend, Spend, Spend

frog31 Comment
united states currency seal - IMG_7366_web
united states currency seal - IMG_7366_web (Photo credit: kevindean)

America’s consumerism culture has quite frankly gotten out of hand. Consumerism is kind of like a mutated, corrupt version of capitalism. In capitalism, people are free to spend their money on what ever they want. There are no restrictions to what the consumer can buy, as long as they have the appropriate funds. Now a days you don’t even need money, with the wide-spread use of the credit card, you can use credit.. Consumers are now brainwashed by companies, usually by marketing.

To appeal to the Consumer, companies must make the product look cool or make the consumer feel like they need a product. Directly following World War II the U.S experienced a surge in economic growth. People in the U.S, for the 1st time in decades, now had the money to buy what they want not necessarily what they need.
It contains to this day, it is impossible to walk down a street without seeing some form of advertising. Only a lessened demand for products will force advertisers to back off and stop brain-washing U.S citizens.</a>

Banking on Failure

therightliberalLeave a comment

One of the many changes we are facing in our country currently is a change in our banking system.

While many people feel that banks are a fairly unimportant part of our lives, on a national level banks are key.

But many people are now feeling as though the banks cannot be trusted. Between the bailout, fragile economy, and some interesting business practices, many of the American people are feeling nervous about using large banks.

Obviously BoA is getting the brunt of this. Many people are switching over to using local banks, which is both a blessing and a curse.

The blessing is that the move supports local business, giving more people jobs in their communities and providing for a more stable community.

The curse is aimed at the national economy. By hurting the big national banks, we no longer have such a strong national banking program. The government can not go around and take micro-loans from local banks if the national banks tank.

Although I am a supporter of the 99% movement, I feel the move to go to smaller banks is a mistake. We have to stay strong as a nation and support the national economy. I know that local economies are important and part of the backbone of the country. But at the same time, we have to keep our government running.

Environmental Policies

therightliberalLeave a comment

I often question others sanity. Chances are it is me who is insane, but on occasion it seems that others are far off their rocker.

It was proposed, years ago, to build an oil pipeline from the oil sands in Canada, all the way down to the refineries in Texas. Luckily Obama delayed the building of it, but it is still being pushed for.

The reason for the proposed pipeline is far from surprising: money. And money in all sense. It increases the price that the oil sands companies get paid, it increases the refinery work in Texas and on top of it all, with all the transport, the overall price goes up.

But it is not the bogus price hike that will come from the ludicrous transportation; it is the environmental cost.

The whole process is full of pollution and dirty business. Tons of tar and other unhealthy things are pumped into the atmosphere as well as polluting water.

Oil is great, don’t get me wrong. I wish we could just keep using oil and not worry about it. But two things make that not possible. The first is that we are quickly running out and the second is that we are destroying the planet we live on.

And yet, we have no clear cut solution. Ethanol and biodiesel have to potential to replace gasoline usage for the most part. But that requires a lot of investing in switchgrass and distilleries.

There are other potential ways around oil but they all require us to change how we live everyday. With ethanol and biodiesel, we can keep our cars the same and we would not need to come up with a whole lot of new technology.

By doing these simple things, we can work to cut our dependence on oil as well as working to make the world cleaner.

But the key thing is that we need to wake up. It is not fun to admit but we are almost out of oil. We can choose to deny the facts and face a very harsh future or we can prepare and make the transition easier.

Occupy Wall Street 2.0

therightliberal1 Comment

I last wrote about the subject of Occupy Wall Street when  it was a relatively small protest in New York.

And then bang!

The protests started spreading throughout the country, with people even protesting overseas. It has turned in to quite the movement, with the media giving the protests quite the coverage (despite my complaints about their reasons).

But I still have some concerns. I agree that the top 1% needs to stop hiding and start being more responsible. That small population controls such a large percentage of the money in the country that they can control most of the goings on. And with things going so poorly with the economy, they need to stand up and explain why and give some solutions.

But the protesters have not been clear on what they are looking for. The go around marching with 1% signs but they have no specific demands.

There may be a good reason for this: they don’t (and most Americans don’t) know what the answers are, only that we are in trouble.

It is quite obvious that the general public is upset at the state of our economy. We need change. But what change do we need?

Here is what the protesters should be demanding:

Higher taxes on the wealthy. They are wealthy which means they have excess money. Why not tax them and help the country? Obviously giving the rich tax breaks have not worked because look where we are now.

Education. Our education system is quickly system towards the middle of the pack, and that’s a big problem. If we want to have a wealthy country that leads the world in most areas, we need to have the most and best educated young people. Let’s cut spending from other programs if we need to (defense spending) and use it wisely; on education.

Inaction. What has been done by the wealthy to help? To be honest I do not think it is the individual’s job to voluntarily help but the job of the government to enforce their help. Politicians in Washington have been so busy bickering over every small issue that they have forgotten that we need progress now.

I support Occupy Wall Street and I think that the people out there are doing a good job of showing the people’s frustration with the government.

That being said, I highly suggest they focus their protests and start suggesting solutions. By doing that, they could really make a huge step and make some large changes in our country.

“Occupy Wall Street”

therightliberal2 Comments

Currently there is a movement to protest the actions of the economic top 1% of Americans called “Occupy Wall Street.” Not just a verbal movement, an actual protest in New York.

Chances are you haven’t heard about it, and I believe there is a reason for that: News corporations don’t like covering protest unless things are on fire and the police are involved.

Now I could write a book on how much I despise the choices of most news organizations, but instead I want to focus on what Wall Street has done to this country.

It all goes back to greed. Traders on Wall Street work for companies, and at the helms of those companies are CEO’s. I have nothing against CEO’s in general, more the ideas that their job title in general seeks to accomplish.

They want power and money. They want their shares to boom and then they want to create more shares which will boom some more. Yes, there are some advantages to this system of market (Yay Capitalism!), it encourages competitive businesses and seeks to advance our markets.

But what is the cost? Well, I think we are seeing the cost right now. Wealth in America is incredibly concentrated, with the middle class shrinking at shocking rates. These trends are due to the greed that has been encouraged through our system of economics.

The whole goal for most Americans is to get rich. Children are encouraged to choose jobs that will make them wealthy when they grow up. But then we reach the problem of having such an elitist society that money passes from hand to hand, instead of from hand to hands.

Don’t get me wrong, I love money. I love the finer things in life, from food to fast cars, probably more than many people. But what I want to think about is greed and how much money we really need as individuals. Go and buy that nice car, that nice house, that perfect vacation. But in the mean time, think about what you can buy for others with what you have.

And now we come back to the Occupy Wall Street protest. Thousands of people have been protesting, not just in New York, but in major cities across America. They want the top 1% to look and listen to what is happening in America. They are not asking for the wealthy to give up their lifestyles, all they are asking for is less greed and more sympathy.

We are a country, we are supposed to look after each other (to what degree can be debated all you want). Corporations (who are not people by the way) and the CEO’s (who are people) who run them need to get their priorities in line and start supporting the country that gave them what they have today.

The Buffett Tax

therightliberalLeave a comment

As some people worry about the money they spend on gas or groceries, a group of Americans sit back and watch their money flow in.

I do not mean to insinuate that millionaires and billionaires do not work hard because most of them do. However, I see no argument that their lives are anywhere near as hard as those who are living paycheck to paycheck.

Warren Buffett has over the years called for higher taxes for America’s uber-rich, and now it seems he might get it.

Obama is looking to propose the “Buffett Tax,” a new tax on wealthy Americans that would work to keep some of the wealthy from avoiding taxes and increase the rates that they pay.

Although it would only affect about 450,000 Americans, the tax could very much benefit the economy, which as we all know, needs all the help it can get.

I look back at the arguments I have heard on why the rich should not have higher taxes; they don’t deserve it, it wouldn’t really help, it’s not fair. But none of those arguments make sense to me.

Taxes are not a punishment, they are just a fact of life in a society like ours. If you enjoy the country you have then you better accept the idea of taxes.

Taxing the top 0.3% of Americans (which this would do) a higher amount could really help. And on top of it, the bill wouldn’t actually raise taxes, it would just eliminate some of the Bush tax cuts, which I think we can see did not work judging on where are economy is now.

I hope that this bill can get through Congress during their Dec. meeting on deficit reduction. I think that this could be a helpful bill, but on top of that, it just makes sense.

Jobs for America

therightliberalLeave a comment

How do we as a country lower the jobless levels. There is no doubt that it is a problem, the only question is how we fix it.

Obama‘s massive “Jobs for America” bill could potentially do a lot of good. Despite being a huge fan of Obama, I do see a couple of issues.

First is that I’m not so sure it will get through the house. Obama seems to be fairly confident and I know he has a bit more information than I, but with the general consensus of Republicans not supporting the bill, I don’t see how this is going to pass.

Secondly is the effectiveness. Just like with the health care bill, compromises could kill the effectiveness. We don’t know if the healthcare program will work but hopefully it does, but with compromise comes less progress. Obviously there is no way around compromise with the American system but I just don’t see how such a small redistribution of wealth will make such a large difference.

Employing teachers, emergency workers and other public helpers is a huge step in the right direction but will the boost from that be worth the $447 Billion put in to it. Are people going to save or spend with more money?

Hopefully if they have learned anything they will save, but for the sake of the US economy, we hope that they spend.

As I see it, this is a progressive move, despite my doubts. But ideally we could go after business and try to encourage them to hire through incentive. Tax the corperations that are switching technology with real people and see if there is a change.

It may seem immoral to go after those corperations but if you look at the amounts of money they are taking in that are not being taxed due to loopholes and interesting accounting, many would find the morals to be lacking heavily.

We are trillions, yes trillions, of dollars in debt. We can not act like the banks once did and pretend that our debts will go away given time. We are facing a financial crisis so large that it is scary as well as difficult to imagine. As painful as paying taxes may be, we need to suck it up and increase tax rates. The luxuries we have from the government are only in place due to taxes.

Jobs are the key to having a good economy and Obama is working to create jobs. Whether or not you support the bill, admitting the economy is in trouble and that jobs are the answer is a necessity. Support the bill and see where it goes, because in the end, we need help now.