2010 – Politically, it was much worse than thought
At the end of the year, usually a good time to look back and see what brought us year and expect to be grateful for our health, wealth and good times. However, from the standpoint of U.S. policy, the events of 2010 were not healthy, delicious and good for most of the United States. Exactly the opposite was true, the events of the year have been much worse than they believe they have been based on Recent press reports:
– As we approach the adoption of the law to extend the Bush tax cuts for all Americans for two years Democrats cried that the law is not a good idea to extend the tax cuts for Americans earning more than $ 250,000 per year. Would add 70 billion dollars a year the national debt, which horrified. Never forget that if control of Congress last four fiscal years, they managed to add more $ 4 trillion to the national debt.
The Republicans have spent most of the year denouncing the way the control of federal spending has been using this as a battle cry to have a big mid-term election. Wow, both sides seemed so interested in dominating the budget deficit. However, according to an article on December 17, 2010 issue of the magazine Semana, once the two sides met to develop a compromise on tax cuts, the compromise legislation resulting over time increase the national debt of 900 billion dollars in two years. So, despite all Americans continue to be taxed at the same level every American home has been charged an additional burden on the national debt of nearly $ Future 8000.
How is it that every time the political class does not do anything today Americans these days and being beaten with future debt more expensive? What makes this parody so frustrating is the hypocrisy of both parties said they worry to limit public spending, but ended up making a bad situation worse.
– According to an article in the December 20, 2010 edition of the journal Business Week, U.S. added 937,000 jobs in 2010. It was not enough to start lowering the unemployment rate almost 10%. By contrast, a Taiwanese company, Foxconn, alone it created 300,000 jobs in 2010. Let's see: A foreign company 300,000 to create your own, our political class creates only three times throughout the country. Proves once again that no matter how government money is lost in "economic stimulus programs, does not compare in volume or profitability the ability to create jobs in the private sector. Pathetic. When will they ever learn?
– One of the reasons why organizations such as Foxconn can create many jobs work and therefore the political class in the United States can not, despite spending hundreds of billions of dollars, has been clearly illustrated in the December 27, 2010, issue of the magazine The Week. According to the article, the economic stimulus package last money spent on a new heating Indiana a Methodist church, bought new windows of a Catholic church in Wyoming, and food for homeless program organization Pennsylvania Christian. Combined with other incentive programs that need the research colonies of insects on an island off the coast of Africa and can see why the majority of stimulus spending had absolutely no leverage and no ability to create jobs.
A real business in the real world is spending money efficiently. In the Politically, the money is to go for ineffective holders re-elected in the fixation of their places of worship or counting errors.
– Stay on the subject of government's financial mismanagement, are preparing to be horrified by claims from various sources in a December 17, 2010 article in the journal also Week. According to the Financial Times quoted a landfill bis recent document of the Federal Reserve Board, as required by the newly enacted law regulating markets Financial revealed that the Fed had not poured around 800 million dollars in the market to rescue banks and other financial institutions Great Recession, and much as originally thought.
It was much worse. The Fed had dumped more than four times that amount or 3.3 billion billion. These were provided TRILLION to domestic and foreign banks (do not understand why the American taxpayer rescue of a foreign bank!), Hedge funds, and even Harley Davidson. All these TRILLION were done without congressional oversight or approval.
According to the article, the Fed has taken great risks with current and future American wealth and health not take the sound financial loan guarantee good, but the "toxic assets." The article continues with a pint of Fed Chairman Ben Bernanke pushed for rescue AIG, the most toxic of all the companies bailed out, even if his team concluded that any bailout of AIG was unnecessary.
The article quotes the CEO of JP Morgan, Jamie Dimon, when he told shareholders "that the bank needed help from the Fed – but the program (Federal Reserve loan) saved us money. "This confirms the suspicion that most financial institutions do not really need the help of Fed to survive. That could have the choice of difficult cases that need to take the problems they created (issued more shares, sold assets, reduced salaries and expenses, etc), but were more than happy to have a loss of control and stupid Fed to give them a lending hand, courtesy of taxpayers U.S..
Therefore, the U.S. taxpayer was not really on the hook for 800 billion dollars in ransoms of origin (almost $ 7,000 per household USA.) It was much worse with each family makes about $ 30,000 per household (3.3 billion) due to the Federal Reserve Ben Bernanke and out of control and accountability to any government oversight or institution.
– Another article on 17 December. 2010 edition of Semana magazine reported that U.S. students finished 17th in reading test scores, 23 in science test scores, and 31 test results in mathematics in an international survey carried out by the Organization for Economic Cooperation and Development. These scores were ranked against the 60 countries included in the survey. A recent article by the Associated Press revealed that almost 25% of people who wish to join the U.S. Armed Forces can not complete basic reading and math tests.
Therefore, since we are closing the second year of an Obama presidency, we see that are apparently much more to properly educate our children in the world competition. Combining these results and conclusions of a recent quote from Robert Reich on Salon.com (as indicated on December 27, 2010, issue of the magazine Semana), which said rate unemployment of Americans without a college education is more than 20 percent (twice the national average) and can see what an education policy class has dug holes for the country.
This failure of public education is our political class, regardless of who controls Congress, that controls the White House, significantly affect the future economic strength countries as well as the ability of our armed forces to defend ourselves. Shame.
– Not only the failure of public education in this country have not been addressed in 2010:
- We have no policy national energy integral and rational.
- We have not yet nationally and globally, and the justification for immigration policy.
- We have a rational and fully justified the policy of reform health care under Obama could be separated from its financial base and in the courts throughout the country.
- We still have a national logic, global and political dependence. The current policy, the loss of the "war on drugs" is not working for the last forty years, has lost untold billions of dollars, has not significantly reduced drug consumption, and allowed an almost lawless, state to evolve drug violence south of our borders.
– Despite not having many of the above policies, we look back to 2010, we still have the following in this country, with the permission of the political class:
- Yet despite Guantanamo Bay, Obama's campaign promises to close.
- We still have the Patriot Act, one of the most laws inhibit freedom of all time.
- Still ineffectiveness of the SEC has not prosecuted anyone Consequently, despite the greatest financial crisis of our generation. He went to all those involved in financial markets during collapse completely honest and law abiding?
- We still have the inefficiency of Congress and the political class continues to work on unnecessary legislation as the recent legislation to regulate the sound on the TV ads.
- Still perverted the electoral process that allows politicians to ensure virtually perpetual re-election through their control affect allowances, the district electoral fraud in the Congress, accept money from organizations with a good money (PACS companies, unions, etc), and transfer money around the country for the benefit of political parties, to the detriment of local voters.
Expect many more happy in 2011, can not be worse than 2010. However, each time they say something, the political class tells us bad things and worse. Instead, we to wait and work to replace those in power with a better and smarter class of people with the highest standards of integrity and performance, both in 2011 and beyond. We can not years, more than 2010.
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