Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.
Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
That’s the first four. There are thirteen.
Lmao, looks like socialist bastards to me, i forgo my support.
The Federal Reserve announced “Operation Twist” Wednesday, a widely expected stimulus move reviving a policy from the 1960’s.
The policy involves selling $400 billion in short-term Treasuries in exchange for the same amount of longer-term bonds, starting in October and ending in June 2012.
While the move does not mean the Fed will pump additional money into the economy, it is designed to lower yields on long-term bonds, while keeping short-term rates little changed.
The intent is to thereby push down interest rates on everything from mortgages to business loans, giving consumers and companies an additional incentive to borrow and spend money.
“This program should put downward pressure on longer-term interest rates and help make broader financial conditions more accomodative” the Fed said in its official statement.
It’s as if the Federal Reserve is begging for credit to over-inflate itself again. We already have a building Student Loans bubble along with a growing debt, inflation underway, and a bursting bond bubble, but now we have this to speed everything up! We need to contract credit, not expand it beyond our means. It’s been happening for far too many decades.
"We have seen that more saving and less consumption would speed recovery; more consumption and less saving aggravate the shortage of saved-capital even further. Government can encourage consumption by “food stamp plans” and relief payments. It can discourage savings and investment by higher taxes, particularly on the wealthy and on corporations and estates. As a matter of fact, any increase of taxes-and-government spending will discourage saving and investment and stimulate consumption, since government spending is all consumption. Some of the private funds would have been saved and invested; all of the government funds are consumed. Any increase in the relative size of government in the economy, therefore, shifts the societal consumption/investment ratio in favor of consumption, and prolongs the depression."
Interest rates are essentially the price of money, or loans. When you try to control prices you run into the same problems with the price controls in other areas. When the Fed keeps interest rates low (by rapidly inflating the currency), people save less (because they aren’t getting a large enough return on their money) and borrow more (because the amount of interest paid on loans is lower than the market would naturally set it). This results in too many long term investments without the consumers that demand them. The bubble grows and grows until the market is forced to correct the malinvestments in the form of a recession or depression.
Bubbles are not a natural part of business cycles. They result from the intrusive monetary policies of governments who fail to see the mistakes of the past. The recession is the market’s natural way of restoring order to itself.
Billionaire investor Warren Buffett triggered a major debate over taxes recently when he wrote in The New York Times that he should be paying more to the federal government. He called on Washington lawmakers to up tax rates on the rich.
But it turns out that Buffett’s own company, Berkshire Hathaway, has had every opportunity to pay more taxes over the last decade. Instead, it’s been mired in a protracted legal battle with the Internal Revenue Service over a bill that one analyst estimates may total $1 billion.
The federal government has sued a major trucking company for its firing of driver with an admitted alcohol abuse problem.
Alcoholism is classified as a disability under the Americans with Disabilities Act, the suit maintains, and therefore employees cannot be prohibited even from driving 18 wheelers due to their histories of abuse.
The Equal Employment Opportunity Commission, which filed the suit against the Old Dominion Freight Line trucking company on August 16, noted that while “an employer’s concern regarding safety on our highways is a legitimate issue, an employer can both ensure safety and comply with the ADA.
The Austrian view is that recessions are the consequence of preceding inflationary booms that are themselves caused by expansionary monetary policy. Government central banks are responsible for the monetary excesses that eventually lead to recession.
Expansionary monetary policy not only cannot cure recessions; it is their very cause. Those central banks are not a “natural feature” of capitalism but, rather, were established by governments as a device to raise revenue, often for war, and distort economies for political gain.