Sundown in America

[Common]

Written by Ronald Reagans budget director and Former GOP congressman. Very interesting read.

David A. Stockman is a former Republican congressman (http://bioguide.congress.gov/scripts/biodisplay.pl?index=s000935) from Michigan, President Ronald Reagan (http://www.nytimes.com/2004/06/06/obituaries/06REAG.html)’s budget director from 1981 (http://www.nytimes.com/1981/11/09/business/the-regan-stockman-dispute-economic-analysis.html) to 1985 (http://www.nytimes.com/1985/07/10/us/stockman-resigns-top-budget-post-going-to-wall-st.html) and the author (http://www.publicaffairsbooks.com/publicaffairsbooks-cgi-bin/display?book=9781586489120), most recently, of “The Great Deformation: The Corruption of Capitalism in America.”


http://www.nytimes.com/2013/03/31/opinion/sunday/sundown-in-america.html?pagewanted=1&_r=1&ref=opinion&pagewanted=all&

[Chris]

http://thepoliticalforums.com/threads/11976-Sundown-in-America

[Alif Qadr]

Written by Ronald Reagans budget director and Former GOP congressman. Very interesting read.

David A. Stockman is a former Republican congressman (http://bioguide.congress.gov/scripts/biodisplay.pl?index=s000935) from Michigan, President Ronald Reagan (http://www.nytimes.com/2004/06/06/obituaries/06REAG.html)’s budget director from 1981 (http://www.nytimes.com/1981/11/09/business/the-regan-stockman-dispute-economic-analysis.html) to 1985 (http://www.nytimes.com/1985/07/10/us/stockman-resigns-top-budget-post-going-to-wall-st.html) and the author (http://www.publicaffairsbooks.com/publicaffairsbooks-cgi-bin/display?book=9781586489120), most recently, of “The Great Deformation: The Corruption of Capitalism in America.”


http://www.nytimes.com/2013/03/31/opinion/sunday/sundown-in-america.html?pagewanted=1&_r=1&ref=opinion&pagewanted=all&

The following reminds me of a warning that was given years ago, forty years ago, about what was going to take place in America as a result of the actions of those who took the nation off of the gold-standard.


So the Main Street economy is failing while Washington is piling a soaring debt burden on our descendants, unable to rein in either the warfare state or the welfare state or raise the taxes needed to pay the nation’s bills. By default, the Fed has resorted to a radical, uncharted spree of money printing. But the flood of liquidity, instead of spurring banks to lend and corporations to spend, has stayed trapped in the canyons of Wall Street, where it is inflating yet another unsustainable bubble.

[Alif Qadr]

I must also state that part of the problem is an over-reliance on "Consumerism" which is what props up all industrial endeavors in this country. People can only consume so much domestically, then the same habits are exported resulting in a supposed global market economy that is bound to implode as well. Such globalism is supported and fostered by militarism, geo-political maneuverings and the like that always end badly. It is time to change course and direction, although it might be too late at this point, being that the ship is sinking.

[Common]

http://thepoliticalforums.com/threads/11976-Sundown-in-America

Apologies didnt see that I certainly wouldnt have doubled posted had I.

[Common]

I must also state that part of the problem is an over-reliance on "Consumerism" which is what props up all industrial endeavors in this country. People can only consume so much domestically, then the same habits are exported resulting in a supposed global market economy that is bound to implode as well. Such globalism is supported and fostered by militarism, geo-political maneuverings and the like that always end badly. It is time to change course and direction, although it might be too late at this point, being that the ship is sinking.

That makes alot of sense every Christmas we hear if americans dont spend the economy takes a huge hit.
The problem is outsourcing and partime employment and unemployment has chewed away at american spending. Sooner or later I see a huge explosion of Asian online vendors, that sell and ship much cheaper even than american online vendors, thereby crushing american retail sales.
I believe and this is just an uneducated assumption that within 20 yrs when the babyboomers are mostly all gone, life as we know it in the USA will be changed dramatically and forever.

[Chris]

The main #1 problem with economies is their politicization. The OP doesn't say a word about the article's ideas on the economy but only that it was a political figure. The economy is politicized to achieve agendas, to impose political ideas on the people by political means, rather than economic means. Liberal ideas, so good you must legislate them. But government is not the solution to anything, it's the problem. And that BTW is the theme of the actual title of the piece linked: "State-Wrecked: The Corruption of Capitalism in America".

[Alif Qadr]

Here is a link that I was lead to while watching a video on youtube.com

America's richest people meet to discuss ways of tackling a 'disastrous' environmental, social and industrial threat
John Harlow, Los Angeles
http://www.informationliberation.com/space.gif
SOME of America’s leading billionaires have met secretly to consider how their wealth could be used to slow the growth of the world’s population and speed up improvements in health and education.

The philanthropists who attended a summit convened on the initiative of Bill Gates, the Microsoft co-founder, discussed joining forces to overcome political and religious obstacles to change.

Described as the Good Club by one insider it included David Rockefeller Jr, the patriarch of America’s wealthiest dynasty, Warren Buffett and George Soros, the financiers, Michael Bloomberg, the mayor of New York, and the media moguls Ted Turner and Oprah Winfrey.

These members, along with Gates, have given away more than £45 billion since 1996 to causes ranging from health programmes in developing countries to ghetto schools nearer to home.

They gathered at the home of Sir Paul Nurse, a British Nobel prize biochemist and president of the private Rockefeller University, in Manhattan on May 5. The informal afternoon session was so discreet that some of the billionaires’ aides were told they were at “security briefings”.

link: http://www.informationliberation.com/?id=26790

[Chris]

Makes sense. A good healthy customer base is needed for business growth. Big business should promote via their own funding clean environments and healthcare. This would be the working of the Invisible Hand.