Outside the beltway, members of both major parties agree, America is bust. Both liberal and conservative principles have been completely obliterated by the current First and Second Estates, who have no loyalty except to their own interests. This is the stuff of revolution. Paul Craig Roberts of the Reagan years describes the conundrum accurately, adding his voice to David Stockman’s, then drives home the emergency measures to prevent an implosion. What is interesting on both cases is that while some vestiges of their prior political leanings remain, the crisis of today rises above political philosophy and traditional party lines. The class war is against the American people who I refer to as the Third Estate. It is a war for plunder. Roberts:
To borrow from Lenin, “What can be done?”
Here is what can be done. The wars, which benefit no one but the military-security complex and Israel’s territorial expansion, can be immediately ended. This would reduce the US budget deficit by hundreds of billions of dollars per year. More hundreds of billions of dollars could be saved by cutting the rest of the military budget which, in its present size, exceeds the budgets of all the serious military powers on earth combined.
US military spending reflects the unaffordable and unattainable crazed neoconservative goal of US Empire and world hegemony. What fool in Washington thinks that China is going to finance US hegemony over China?
The only way that the US will again have an economy is by bringing back the offshored jobs. The loss of these jobs impoverished Americans while producing oversized gains for Wall Street, shareholders, and corporate executives. These jobs can be brought home where they belong by taxing corporations according to where value is added to their product. If value is added to their goods and services in China, corporations would have a high tax rate. If value is added to their goods and services in the US, corporations would have a low tax rate.
This change in corporate taxation would offset the cheap foreign labor that has sucked jobs out of America, and it would rebuild the ladders of upward mobility that made America an opportunity society.
If the wars are not immediately stopped and the jobs brought back to America, the US is relegated to the trash bin of history.
President Obama continues under the influence of the mystic Rasputian trio, Ben Bernanke, Larry Summers, and Timothy Geithner. When will Obama realize that he has been beguiled?
His first act of independence can be to appoint Elizabeth Warren and tell her to “sic em”.