posted on Nov, 17 2007 @ 02:43 PM
It's nice to see someone admit the officially reported rate of inflation is a joke, and that the reality is somewhere close to 10%, now we need
someone to admit that the unemployment rate is in reality close to 18%. Ron Paul doesn't seem to want to go near that one. He is telling half the
truth, and I do not see this as a great accomplishment.
The current home mortgage crisis was created to shore up our economy after the contract on America changes that made it legal for banks and other
types of businesses to legally rob people of their investments. Opening the door to bring in cheap illegal immigration, as one of the GW admin's
first actions was to stop enforcing laws against employer's who hire illegals, has brought wages and even salaries even lower. Add in all the 401k
visas, and in my opinion software development has ground to a halt, and the downward pressure on wages increases. Without higher levels of real
employment, as in higher participation of workers in the economy, coupled with real wage growth, their is no increase in demand to buy the increased
output of goods and services, unless lending policies are loosened. Instead of growing worker incomes leading to increased demand, we have increased
debt to increase demand. The latter is an unsustainable situation.
Ron Paul, being a free market supply side economists, can't admit, or maybe not even entertain, this second more important part of our economic
problem. The U.S. middle class is subsidizing the exportation of their jobs overseas through their income taxes being used to keep international
commerce open as opposed to international businesses paying for the military protection that primarily protects international businesses, and this
needs to stop. The U.S. work force can't compete when they are forced to foot the military expenses keeping international trade open, pay for almost
all of the research for drugs and medical treatments, and bail out the world bank and all it's corrupt practices.
Selling off our public assets won't be the solution, as Ron Paul would like to do, it would be an even greater crime than what the fed res is
currently doing. Eliminating business regulations is not the solution either, as Ron Paul would like to do. Elimination of business regulations
would only lead to further ecological disaster, as is currently happening in many third world treaties. The reality is that enforcing business
regulations not only protects our environment, they protect investors, especially people saving for retirement, lead to great efficiency and
productivity, and most important of all, increase job growth.
Lastly, our problem isn't international trade, it is not forcing overseas manufacturers to play by the same set of rules. If you are worried about
the one world movement, you should be more worried about the World Trade Organization far more than the UN. It is the WTO that want to turn us all