Real solutions for a financial recovery which do not cost a single tax dollar.

This is a summary of our initial post, For the full content please see the same title in the March 2009 archives. Please click this link, the full article will appear at the bottom of this page!

It's simple, much if not all of what ails us economically can be solved without costing one thin dime, that is what we mean by a ZERO COST RECOVERY.


Many of today's ills have come from easily reversible causes, here are a few to start you thinking:
- The Bible condemns usury (sort of); whether or not you are religious, this make great sense.

- Big Banks don't work for America or Americans (or anyone else for that matter). Consolidation was touted as a way to lower costs, provide better service and more affordable fees to customers. Can anyone show me an example where these promised economies of scale came to life? How about the lower fees and better service?

- Bigger is not better, that is why anti-trust legislation was enacted. Today's financial crisis was brought to a head by the unvarnished greed of the giant banks, financial institutions and corporations with the complicity of the majority of our legislators, it is just that simple.

- The "Free market" is not the cause of this problem, the fact that it has been castrated, prostituted and redefined by the greedy is. "Free market" does not mean a market without rules, or domination by the richest and most powerful. Without meaningful competition, free markets cannot, and do not, exist - period.

Rollback, update and aggressively enforce meaningful anti-trust & financial sector regulations and the root cause will be eliminated. How about requiring a binding contract guaranteeing that all consumer beneficial promises be a part of all mergers and acquisitions? To be effective, it should include an onerous non compliance clause!

- The Stock Market is not synonymous with the economy, it is gambling pure and simple, and is one of the economy's greatest ills - complete with crooked bookies. A simple truth is wherever there is gambling there are people who find sophisticated ways to cheat.
- "A Free & Independent Press is the Cornerstone of Democracy". I don't know who first said it, but they were spot on. Today's media does not hold the rich and powerful accountable, it is owned by them; they are at the core of the problem.
- Food costs have more than doubled, yet the family farmer is struggling while large corporate farmers are getting huge subsidies. One solution would be enacting anti-trust legislation that forbids the huge conglomerates which are so dominant in critical industries from operating at more than one level in the manufacturing and distribution chain.... Grow it, process it, distribute it or retail it - choose one!
- The price of oil at the well head is dramatically different from the price we see quoted on the TV each night. The difference is created by speculators in the commodities markets (the same holds true for food and other vital commodities). Force the CFTC to re-institute the commodities speculation guideline that were in place prior to 1990.
- Big Pharma spends far more on marketing and lobbyists than on R&D, some say the figure is twice as much. How much do you think this adds to what your prescriptions cost? Lobby our legislators to allow Medicare to negotiate drug costs with their manufacturers and watch prices fall to the levels enjoyed in most other countries.
- Health care costs are skyrocketing yet Physicians pay has decreased dramatically. How much do you think the near monopolies in Health Insurance and HMO's contribute to this?
-Corporations are NOT People. Our Founding Fathers did not think so when they formed our nation, why are we allowing it now?

Monopolies and oligopolies are the root causes of our problems. Cure these ills, and our financial woes will evaporate WITHOUT COSTING ONE DIME.

Sunday, October 23, 2011

Just roll it back, say no to deregulation.


Restoring good paying jobs and upward mobility to all Americans is the key to restoring the health of our country. The spiral of downward mobility must be reversed immediately, and rolling back the tax code to pre 1980 levels immediately is one of the critical keys.

Just say no to the Republican proposals to make things worse for all but the rich. No to continuing Bush Era tax breaks to the richest Americans. No to incentives and loopholes for giant corporations. No to speculation as the foundation of modern day Wall Street. No to the perverted definition of “investment” which embraces race track like betting and crooked bookies as their purveyors. And no to the excessive and /or hidden costs and fees that are syphoning the cream out of the finances of everyday Americans.

Not to mention, no to cuts to investments in our country's future like education, infrastructure, honoring our promises to seniors including Social Security (which they paid for as deferred compensation), or Medicare
and Medicaid for the neediest Americans.

Put in the most basic terms, just say no to the unabashed legislator supported greed which has taken over our country and is milking it dry.

It is time to restore fairness and equity by rolling back banking and corporate regulations to pre-1980 levels.

Tuesday, October 4, 2011

Why the proposed American Chinese currency manipulation bill is against our interests.


The Currency Exchange Rate Oversight Reform Act of 2011, the proposal to impose currency-related trade measures against China or other countries with undervalued currencies makes no sense for two major reasons:

- First, if China revalues its currency upward, it will dramatically increase  the value of our debt to them, doing us far more harm than good; in short, it is counter productive.

- The second is centered on the concept that it's far better to define the core problems and create meaningful solutions than to resort to band aid fixes. The core problem is that China's environmental protection, human
rights and nationally subsidized industrial policies create a massive and immoral cost advantage. Equalization is the solution; the creation of an environmental and humanitarian equalization tariff is the vehicle.

Although ill-defined,  there is a dollar value connected to protecting our environment and quality of life, and at least short term it is expensive. As a country we have decided it is money well spent, and we must aggressively protect that decision; at least within our borders.

There is no question that countries which do not respect these values, while massively subsidizing exports, have a huge cost advantage in international commerce. We need to make adjustments in order to compete with them economically, and contrary to the beliefs of the short sighted, this does not mean lowering our standards to meet theirs. It does mean punishing the "dumping" which has all but killed many of our core manufacturing industries, including solar energy.

Obviously, we cannot continue to subsidize these nations at the expense of our own; the goal has to be the creation of a level playing field. It is my opinion that as a nation, we need to immediately do the calculations needed to define the real and total costs of sound environmental policy, fair working conditions and good wages, and use these numbers as a factual basis for creating a meaningful solution to inequitably priced imports.

Based on those calculations, the solution is the creation of an environmental and human exploitation levy to be placed on all countries who want access to our markets and whose humanitarian polices are below those we have adopted. For those who share our values, there would be little or no levy, for those who do not, the costs would be substantial. The proceeds would then be used to fund national technology initiatives.

A related issue is countries who engage in espionage in order to gain our country's military and industrial secrets. This is extremely expensive and must be aggressively rooted out and punished.  In the case of China, this
has been particularly pervasive. Our only possibilities for compensation is through the seizure of their assets which is impractical, or assessing large, long term, punitive levys on their goods and services while aggressively enforcing our anti-dumping laws.

In my opinion, these actions would force countries like China, India and others to clean up their acts in order to compete fairly in international markets; while helping us attain the critically important goals of restoring our onshore manufacturing base and good paying jobs, the 
middle class, and upward mobility.