12 step program to economic recovery

             1. A Strong National Defense: In these times of nuclear threats from rogue nations, America needs a strong national defense machine, the ability to deal with terrorists, not as common criminals, but as representatives of the nations that support them. These oil rich nations should not be allowed to develop nuclear power plants. They need nuclear power as much as a fish needs a boat.

            2. Revise the Federal Reserve. Congress should require greater transparency and oversight. Reestablish a sound monetary policy that keeps the U.S. Dollar strong. A currency that is backed by gold can not be monetized. Limit the FDIC to individual depositors, and require that lending institutions have full asset protection for the loans they make.

            3. Appoint judges to limited terms in office. Insist that they strictly interpret Constitutional freedoms. Limit the Federal Government to the expressed powers granted to it by the original States, and each State must have sovereign power over all commercial activities that take place within its borders.

            4. Establish liability for false news reporting, similar to the liability that exists for false advertising. The freedom to express opposing political points of view is meaningless if the FCC is permitted to censor content. The power to regulate is the power to destroy.

            5. Amend the Constitution to allow national public referendums decided upon a simple majority of voters. Return to the people of the entire nation control of their government by overturning taxation legislation passed by Congress, and social welfare programs that invite single parenthood and fatherless homes, and the decisions of the Supreme Court that are contrary to the will of a majority of Americans. [Note: this procedure does not alter the way the President and Vice President are chosen by the Electoral College]

            6. Healthcare will require deregulating the insurance industry to promote competition that will allow consumers to choose which company offers the best coverage. Open to field of competition across state lines, and return to doctors the right to make medical decisions they believe are best for their patients. Medicare and Medicaid are relics of a failed policy of government performing proprietary functions that belong to private enterprise.

            7. Revise the Clean Air Act to immediately remove carbon dioxide as a toxic gas subject to regulation by the EPA. Create a public global warming database where scientists from the United States can publish their findings and gain access to all of the research on the subject. Hold public hearings to inform Americans, by presenting testimony from scientists who disagree on global warming and required a preponderance of evidence through a general consensus among experts before a regulation is place into effect, and if the economic consequences prove to be burdensome on industry, then public hearings should be held to resolve the dispute giving industry leaders and private citizens an opportunity to make their case. This certainly will depoliticize the process and allow greater transparency and voter participation in the ultimate decisions. The power to cast a vote every 2 or 4 years for a candidate who will deal with a multiplicity of issues can immunize public officials on issues that do not directly effect a majority of his constituents, or on issues about which the general voting public is ignorant.

            8. Place a temporary moratorium on EPA regulations on manufacturing, mining, and fossil fuel production that do not directly contribute to the quality of air at the surface of the globe or the ground beneath until the effect of the proposed regulation on global warming can be quantified in the short term. Permit oil companies to build new refineries, drill for domestic oil, while they devote a portion of their profits to developing renewable energy resources. Return Bethlehem Steel to Americans as well as other industries that have fled from under the weight of the Code of Federal Regulations.

            9. Prohibit the use of Federal funds for bailouts of private industry, including failed State and Local Governments. End pork barrel funding, and funding of special interest groups. Competition among the States for tax revenues and credits will provide incentives to encourage economic growth and create high paying jobs, especially when the resources of those industries are not overburdened by both Federal and State imposed mandates and high taxes. The one-size-fits-all mentality of the congressional plutocracy has produced a failed economy, declining dollar, and is in the process of bankrupting the United States.

            10. Prohibit government ownership or control of private enterprise. Currently we have incompetent bureaucrats running national concerns and these neophytes are dictating policies to highly qualified executives who have weathered the storms of government intervention, high taxation, and foreign competition.

            11. Level the playing field by developing trading partners who impose the same mandates to combat global warming as are imposed upon U.S. domestic concerns. It is imperative for America to insure that the global community is able to freely trade their commodities and natural resources.

            12. Return to free market principles. Central government planning has never proven to be effective and history has recorded a long list of its failures. Establish a flat tax that is proving to be successful in 24 foreign countries, which include those of the former Soviet Union.

Lack of success of Government Programs

Medicare 1965, 44 years of failure;

Fannie Mae started in 1938 by the last ultra liberal Democrat FDR is a failure;

Freddie Mac by Nixon in 1970, 39 years and failed;

Linden Johnson another Democrat began what he called the War on Poverty in 1964 and has had 45 years to accomplish the task with $1 Trillion taxpayer dollars, and the real unemployment today is the highest it has been since the last socialized program were instituted by FDR.

Now President Obama is proposing to take over healthcare and put private industry out of business which is 15% of the economy.

Taxes for 2011 will increase and cause more job losses.

The Bush estate tax reduction of 2001 lowered the tax from 55 to 45 percent, but more importantly exempted estates under $3.5 million. The tax break is set to expire and is expected to reset to the pre 2001 levels and include all estates over $675,000.

High estate taxes have the most devastating effect on small businesses when the owner dies the tax burden makes it impossible for the business to survive to the next generation. Giving up the estate tax will only reduce tax revenue by 3%, a paltry sum when compared to the deficit spending the democrats are proposing for universal healthcare and other unfunded benefits. Allowing businesses to continue in operation would generate more than 3% in income taxes.

Administrative Agencies Are Dangerous

                Mr. Obama is not responsible for the economic crisis. The decline is due more to the functionaries in the administrative agencies. With the aid of the judiciary, administrative agencies, like the Federal Environmental Protection Agency (FEPA), are more powerful than Congress and the President combined.

                If the massive protestors are successful in replacing members of Congress and perhaps even the President, nothing will change. Healthcare in America has always been controlled by state insurance agencies that dictate what coverage and what premiums private insurance companies can offer.  Cap-and-trade is not necessary, except perhaps to create a commodity that can be manipulated by insiders. The FEPA has enough authority to limit the use of coal or oil for energy production.  As proof of an out-of-control FEPA, some congressmen and even the President has said that cap-and-trade is necessary to prevent the FEPA from passing even more onerous regulations.

                The fact is that government agencies are not allowing the private sector to grow. We need production jobs to replenish savings, but the irate environmentalists will not even let the mere mention of this fact pass unchallenged. They have done a great job convincing voters that industry is bad and we can survive on a service economy. How’s that working out for you, especially if you are among the 10.5% currently on unemployment?  

                President Obama is however totally responsible for interfering in the auto, banking, and insurance industry – 70% of the economy. He is trying to take credit for saving one million jobs in the auto industry. Poppycock, first it is improvable; second, there existed a legal framework called bankruptcy that would not have cost taxpayers billions, and would have resulted in a leaner, more efficient auto industry. Unfortunately now when the borrowed money is spent, General Motors will fail again. It is inevitable, and this will leave only another bailout option. In effect those “in the cheap seats”, as Press Secretary Robert Gibbs arrogantly called them, who derisively referred to General Motors as “Government Motors”, will in a sense be vindicated, because without the Federal Government, General Motors will not  survive - think Amtrak, and Post Office.

                The bottom line is that the U.S. economy is not growing. While the Gross Domestic Product, which is the total value of all goods and services, has increased by a little over 2%, expenses have increased by much more. In effect as compared to the national unfunded liabilities, an anemic increase of 2.5% is simply not enough to sustain growth. This is especially so since most, if not all of the increase was due to the government spending borrowed money. The structure of the U.S. economy is a house of cards which was not constructed during the Bush Administration.  Progressives like Mr. Obama have been deindustrializing the U.S. economy for the past 70 years, and like me, not many people were paying attention.  If this ignorance persists, you ain’t seen nothin’ yet brother!

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