WAITIN' FOR THE BROS

In our view President Obama has not served the pressing needs of the United States during his time in office. Rhetoric alone does not heal the nation's ills. The ruling circles in America wax richer, even as the nation wanes. Are we alone in seeing an unwholesome situation that itself points in the direction of the source of our illnesses?


Given America's long entrenched leadership - both elected and background "advisers," why do we fear al Qaeda, the Taliban and "lone wolf" terrorists? None of these "Johnny-come-lately" enemies represent a speck on Uncle Sam's shoes, while our leaders loom as monstrous Godzillas, breathing fire and destroying anything in their path.


Mr. President Obama has from the outset of his administration catered to the great banking institutions and international corporations, while encouraging ordinary Americans to spend more and save more. He surely understands the insanity of his approach.



He bids America to await the moment when all the American money that he has given Lloyd Blankfein at Goldman Sachs, et al, trickles down to main street. "Workers of America take heart! Tomorrow is just a day away!" he seems to be saying. No one has ever told President Obama that "tomorrow never comes."


American money is invested by banks and international corporations in the safest possible interest-bearing securities and accounts. Why should they risk their boondoggle loot by loaning it to small businesses, trying to sell products and services to a bunch of near-broke citizens. Better to invest in booming China.


When the problem is a broad-based insufficiency of money in the hands of the citizens, the solution is obvious: you get them earning more money. Once they earn money, then they can save some and spend some.


How do you get them this money? First, you don't borrow it from banks or foreign nations. Second, you don't listen to the rich, ruling circles who have never provided a correct answer for insuring "the general good." Third, you order the Treasury to issue 14 trillion dollars in the form of interest-free U.S. Treasury Notes. Fourth, you begin to immediately spend this money on asset-building infrastructural construction and maintenance projects, institute a national bank with many branches and ATMs, offering checking accounts to all citizens (no savings accounts), and buy homes for interested citizens who can pay the monthly "rent-to-own" from their salaries/wages. Fifth, you have the national bank invest in promising small businesses that agree to operate solely as a domestic company. Sixth, you impose tariffs on all products entering America for sale, based on worker wage differentials, earmarking the proceeds for the Medicare fund. These tariffs would apply to nominally American international companies as well. Hence, General Electric products made overseas would face tariffs when offered for sale in America. Seventh, you "take," after fair recompense, all the nuclear energy facilities held in private hands. This will allow the government to see that enough money is spent to assure a "fail-safe" standard for each nuclear unit and properly monitor the facility thereafter. Maintenance shortcuts by private businesses would be only a bad memory.


The development of enhanced nuclear energy would allow America to "go electric" on its highways at an expedited rate. This would be needed, as U.S. government investment through its national bank to entrepreneurial electric car-makers (not to GM, Ford, et al) would soon result in numerous affordable options for ordinary citizens.


However, President Obama has neither the vision nor the freedom-from-bankers capacity to do anything but "wait for the bros" over at Goldman Sachs to decide to throw scraps from their bountiful table to the citizen dogs below.


October 09, 2011