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Saturday, December 10, 2011
FOX AND THE FAILURE OF SUPPLY SIDE ECONOMICS
These are the final daze of supply side "trickle down" economics...The notion was "If you build it they will come".... So Wall Street built it....but IN CHINA...And for a while they did come...the American Consumer...mainly spending the proceeds of stock market "winnings"...and house refis...(it always went up remember?)...Then that ended in 2008...THERE IS NO DEMAND...AMERICAN CONSUMERS CAN'T FUNCTION WITHOUT THEIR FED GENERATED ASSET BUBBLES... WAGES HAVE BEEN FLAT TO LOWER FOR DECADES FOR THE 99%...Fox and their political party...say its because of "uncertainty"...usually about "taxes and regultions"... NO MENTION OF THE DEMAND COLLAPSE...We are told that if more money is given to the already BLOATED RICH... and taken from the already impoverished "former middle class"..... Via MORE tax cuts for the rich...cuts in entitlements...trashing the social safety net even more, cutting food stamps and medicaid...and lower wage jobs... JOBS WILL MAGICALLY "COME BACK"...Of course all these Fox "solutions"...will only push demand EVEN LOWER...!Exactly how...removing money from the pockets of "ordinary people"...the 99%...INCREASES THEIR DEMAND FOR GOODS AND SERVICES.....IS...WELL ... NOT COVERED VERY WELL ON FOX...Here's the problem : The Communists in China used an old oriental martial arts ploy of "falling back" so the enemy advances....to defeat the west...China exploited the greed of International Capital...which runs America...to destory America... Yes...all the factories are IN CHINA... because Americas allowed them to be put there...AMERICAS FELL RIGHT INTO THE CHINESE TRAP...OUR GREED DEFEATED US....HOW DO WE RECOVER...?Simply this...as We became dependant on cheap Chinese labor for our goods production... So too Chinese are dependant on the US TO SUSTAIN THEIR ECONOMY...ITS TIME FOR SOME TARIFFS...OR FOR THE CHINESE TO DO WHAT THE JAPANESE DID IN THE 80'S.... BRING THE PRODUCTION BACK TO THE US...OR FACE STIFF TARIFFS TO PAY FOR THE MAINTENANCE OF AMERICAN MARKETS AND ITS ECONOMY....SIMPLE...