President Obama's stimulus plan will not work. He is focused on the big picture while ignoring the small ones the make our economy work. Only local value added economies work. Economies based primarily on making money on money rather than making things do not and are burning out. President Obama does not even mention the history of Free Trade failures. Free Trade and Globalization means centralization. This means all the good and bad are centralized. All the bad that was controllable in de-centralized ways are now out of control.
The cause of our economic crisis is primarily about Free Trade that moved our production of the things we use and eat to other parts of the planet. The crisis is about cheaper imports meaning cheaper wages, underemployment and unemployment.
It is about the devaluation of the value of workers and labor. This value is a real tangible one acting as a real money standard. Paper money has no real money standard except for what our nation and society represents. The value of workers and labor is money standard that is a major part of that whole.
This standard has suffered a severe deflation of its value and has impacted all money products.
President Roosevelt gave up on the big picture and ramped up our economy starting with the Lend Lease Act which created local value added economies that won World War 2. He did not send factories outside the U.S. We must challenge Free Trade in the destruction our local value added economies before talking about any stimulus package. We should think about business to business mercantile centers in every city and people to people centers for buying and selling before doing anything else. Then bring back our factories and re-establish our small farms.
Federal Reserve Chairman Ben Bernanke said it all when he told Congress during the first stimulus pacakge debate, the best way to stimulate the economy is to buy "domestically produced goods". This is a difficult task since so much of the things we use or eat come from around the planet. Any extra money spent at retail goes to the places where the products are made or grown. The money does not stay here to stimulate our economy.
The proposed "green economy" will not work either especially if taxpayers pay for the research and development with the production phase going outside the country like it has in the high technology sector.
(Please pass forward this to your political leaders and news channels. -- Obama's Stimulus is a Dud. )
http://www.bizarrepolitics.com/rush-limbaugh-could-have-saved-the-world and for a mobile user friendly summary of articles by Ray Tapajna go to http://tapsearchnewsmobile.filetap.com and http://tapsmobileworld.filetap.com
Feel Free to use any of the articles for your blog from http://ezinearticles.com/?expert=Ray_Tapajna The most popular one is Lend Lease was real Free Trade and not chop liver as in the Globalist World