What did you get when you voted for a Republican for the U.S. House of Representatives and for the U.S. Senate in the midterm elections? You got someone whose party spent the last six years trying everything possible to slow the economy and thus the economic recovery and that condemned everything Pres. Obama did or tried to do. You got a member of the political party that literally told business to be uncertain and to invest in the stock market but not to invest directly in the economy. You got someone who believes only in short-term profits with no regard for investing in the future well-being of our planet Earth and its growing 7 billion human populations. You got someone who generally does not believe in science regarding climate change or pollution and who wants to do away with the EPA the Environmental Protection Agency that Republican President Richard M. Nixon helped create, because we had rivers catching on fire, acid rain, and pollution poisoned rivers streams and lakes. These situations result in an unlivable planet with staggering costs to humanity and to the lives of all living creatures. Regarding budgets and national debts; Republicans have led us into more Middle East wars the latter of which were off budget and they have caused greater budget deficits than Democrats, including the huge budget deficits that Republican Ronald Reagan left us. Most of our budget deficits are caused by extremely low wages across the board, this is a core cause of the lack of tax revenues needed to balance our budgets at all levels. While a large percentage of our businesses have had record-breaking profits those profits were not invested wisely in higher wages which would’ve increased the demand side of the economy plus increasing greatly our tax revenue base and would’ve helped provide money to begin infrastructure restoration, which again, would further expand the economy and the money multiplier when money changes hands during an exchange for a product or service. The Republican low-wage and cut taxes policy philosophy is usually, under most conditions, a formula for a slow growth GDP - Gross Domestic Product; that formula will usually result in slow economic growth with very low tax revenues and result in increased budget deficits, and can never deliver what raising wages across the board will deliver in a multitude of critically important economic arenas. Everyone wins, including businesses, when employees receive wages that increase their purchasing power as this strengthens the Demand-Side of the economy and stabilizes stock markets in America as well as globally, because this is a high-return wage investment policy to be practiced in all countries. Oh, there is much more but I have other important work to do… - Darrell Udelhoven - udarrell
Posted on: Fri, 14 Nov 2014 18:05:05 +0000
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