Setting the Record Straight

Obama’s Good First Move

Jobs and Infrastructure

 

     We may be accused of belaboring the subject, but our two main mantras on this site bear constant repeating—“those who don’t remember the past are condemned to repeat it,” and the theory of “trickle-up” economics should be applied to government as a whole. 

     President-Elect Barack Obama has given the first solid indicsr-obamainfrajpegation he may attempt to take this country down the path we believe to be the key to remaking America. He is beginning with a “killing two birds with one stone” solution to two of the country’s major domestic problems.
     A trickle-up view of economics sees the people at the bottom of the income scale as the starting point, lifting them up to enable them to contribute more to society and become the buyers who keep small and then ever-larger businesses in business.
     For too long, our economy has relied on the trickle-down theory of helping businesses expand in the belief they will then hire more workers and help the entire economy: the trickle-down theory. The main difference between the two major parties is the Republicans believe to serve that theory, all federal funds should be channeled through businesses, e.g., that health care should not be direct from the government to the citizen, but should be provided with tax credits to be spent buying health care from a provider, a business.
     The trickle-up theory says that if the money is given directly to a universal health-care system, more funds would be available because they would not be siphoned off by a corporate, for-profit bureaucracy.
     HMO stands for “health maintenance organization,” an entity that was supposed to lower health costs, by working to keep their members healthy before they can contract a more-costly disease or other ailment. The meaning of HMO has been lost almost since they day they were created.
     The current economic crisis resulted from the collapse of a house of cards built on the failed “trickle-down” theory taken to its lunatic zenith, creating a situation where the gap between the rich and poor in this country is now the largest it has ever been. Keeping the middle- and low-income in their status has meant fewer buyers for the goods in American commerce. The crisis adds to that by taking away disposable income from the middle-class and keeping the low-income in their place, both income classes increasing without a job.
     The lame-duck Republican administration, as with most administrations, relied on lagging statistics to decide whether to respond to inflation and recession that was felt first at the low-income level and left to trickle up to engulf the middle-class while the statisticians waiting for months on the numbers that would prove what the lower-income classes already saw. It should not have been a surprise that any increase in the cost of fuel and food is going to affect first those without disposable income.
     So it was not surprising that when the outgoing administration saw a credit crisis building towards collapse, it attempted to solve the problem at the top, believing the solution would trickle down to the bottom.

 sr-msbridgejpeg1    Ever since the 1970s, even before the first oil crisis led to an economic crisis almost as big as the current one, experts have been warning about our collapsing infrastructure, e.g., roads, pipes, wires, dams, bridges, tunnels, much of which needed to replaced decades ago. The infrastructure is a looming crisis almost as big as the financial one.

    So now, with an administration set to take charge with intelligence behind it instead of ideology, Obama has chosen to help out bottom half of American society by pumping money into finally dealing with the infrastructure, a huge task not seen since the Great Depression and one that would provide jobs for all the unemployed and the soon-to-be Under the trickle-up theory, the top half of the economy will benefit from having more people with money they have to spend, and in some cases some they do not have to spend.
     There are many other things that need to be done to get the nation back on track, but providing jobs while halting the deterioration of the infrastructure is an excellent start for the incoming Obama administration.

(from www.straightrecord.com)  

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