tag:blogger.com,1999:blog-2431212215235843049.post8642186769857949068..comments2023-10-28T19:44:23.157-06:00Comments on Sue's Western Adventure: So Much Depends Upon...Sue in Utahhttp://www.blogger.com/profile/12496200937261848670noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2431212215235843049.post-24684760437903418792023-02-09T00:36:12.485-07:002023-02-09T00:36:12.485-07:00This comment has been removed by the author.rijbewijs kopenhttps://www.blogger.com/profile/05874327906976838673noreply@blogger.comtag:blogger.com,1999:blog-2431212215235843049.post-23671135149502222942009-02-12T11:48:00.000-07:002009-02-12T11:48:00.000-07:00I like your observations about GMC. With respect ...I like your observations about GMC. With respect manufacturing, the pull through for every factory job is 4 to 1. For every job on the line, four are there to support it whether wholesalers or contracted out suppliers. I am still very much the reader at bedtime and do a lot research and a couple of things do come up. Bush's agricultural bill in 2002 or so subsidizes agriculture to the tune of 22 billion dollars a year along with crop loss insurance or, in other words, guarantees profit with no assurance of selling the product back American public. Have you noticed the price of bread? We subsidized the wheat farmers (guaranteed profit) and then sold it over overseas. But what about the pull through on labor? It is virtually non-existent. Ayn Rand, Milton Friedman, Alan Greenspan of trading without tariff's failed. All of our trading kept their tariff's to fund their federal treasury. In addition, Japan, China, and the European Union invest heavily directly into manufacturing beause manufacturing has the best employment record. I have turned away from the conservative Republican notion of economics of Articles of Confederation of weak government (8 years of Bush) and their economic principles of land, monopoly, and banker's right's (the rentier class that earns income while they sleep) that genuinely believe only they have access to Federal, State, and local government treasuries that I pay taxes into and expect something in return for my own welfare. After twenty-five years of Reagonomics of business peeling away from the treasury using subsidies and tax breaks has left us with the well subsidized extraction industries of oil, coal, gas, and agriculture that ships commodities overseas in return for finished goods. The agricultural bill collapses the farming industry in Mexico and that is why we have so many immigrants. Texas cotton never turned a profit in decades. The classic argument of why democracy will fail always goes back to the 18th century British debate that it will fail because it will never be decided who has access to the treasury, the rentier class or the people who pay taxes. As a businessman, I have gotten it more than once, in particular the Texas business people, that democracy does not work with preference towards the rentier class. They hate democracy because it is messy and gets in the way. Well, look what we've got now. We need the government now and see how the southern senator's are blocking legislation to help the unemployed, staving off home foreclosures, etc. The TARP went directly to the rentier class as a good example AIG (not a bank!) because of the million dollar plus annuities that the wealthy purchased. The 55 billion to CitiGroup was to offset the loss of the private Saud's investment into the bank which was--55 billion!. However, Alabama spent 3 billion of taxpayer money to bring in Mercedes. In conclusion, Republicans are lousy business people and have a preference of feudal economic policies of land, monopoly, and banker's rights that product nothing. I can say this unequivocally because I have been a businessman all my life. Economists today call it FIRE for finance, real estate, and insurance where like a piece of cloth it is passed around too many times that the ink on the dollar bill fades because it doesn't manufacture anything. Did you get the Harper's Gift?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2431212215235843049.post-14209598699071870272009-01-27T11:49:00.000-07:002009-01-27T11:49:00.000-07:00Great post! :)Great post! :)Lizhttps://www.blogger.com/profile/03292487888040740616noreply@blogger.com