The new President just manoeuvered and signed into effect a massive package that will affect us all. Was this the right thing to do? We have seen America, along with other countries, under great financial duress. Also, the jobs that Americans once occupied have been taken to other countries such as Mexico, China, and Asia et al. Whether you agree or disagree, something had to be done. Notwithstanding, the opposition party has no immediate answers or solutions forthcoming to date. The GOP pushes (forces) Capitalism coupled with tax reductions specifically designed to benefit the wealthy as their redemptive agenda for the current dilemma. The capital gains tax is always at the forefront of the quasi tax reductions sought after and virtually begged for by the capitalists. However, in the midst of this current economic crisis I personally have yet to hear or read about an alternative to the Democratic Party’s proposal. In other words what would be the GOP’s plan and course of action for America’s economic crisis? First, I want to make one thing clear before proceeding any farther, I am not in favor of the Democrats massive bail-out program. However, I would like to see (or hear) a viable proposal that would address the issues we as Americans now face! Is Capitalism the answer to our current quandary/predicament? What is capitalism?

cap•i•tal•ism [ káppit'l ìzz
Definition:

Free-market system: an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.
(http://encarta.msn.com/dictionary)

Okay, if we use this definition as a reference, we will ascertain that capitalism is a system controlled by those who own the means of production and the goods distributed by these means. However, the question is; who makes these goods and how are they initially produced? If we take for instance an example of farming and the resultant ends of producing marketable products such as produce, we insert into the capitalism equation, workers. The quasi private ownership of factories companies’ et al that produces and distributes these goods relies on labor to capitalize on or, draw advantage from the efforts of these compensated workers. But, the compensation can be brought into question and often becomes exploitive in nature by under compensating these workers. The problem as I see it with Capitalism is exploitation! It appears that capitalism in order to compensate these owners of factories, businesses (large) and any means of profit realization will do anything to enlarge their bottom (or profit) line! And, that means they will go to any foreign country to accomplish this avaricious goal! Am I against making money? No! However, I am against how this money sometimes is made!

What is troubling with capitalism is exploitation, victimizing America’s people for their own gain and comfort. When capitalists acquire our goods, goods that were produced in America by American labor, and then ship these same goods to another country such as China, and then use the CHEAP labor of the Chinese people to turn these same goods into a marketable product that is then re-shipped back to America, and then sold back to our own people, that is exploitation and perfidiousness of unconscionable dimension! We buy back our own goods at a large profit for the so-called capitalist enterprise system of supply and demand! Allow me to elucidate! If these same goods/products are produced in America and then taken to our own factories, the workers will receive compensation for their work effort. For examples sake we will use the $15.00 per hour as a reference. If the worker receives this wage times 40 hours for the average work week, they will have earned $600.00 before taxes. And if this same worker has a benefits package coupled with this wage allocation, this benefit package will naturally increase the workers compensation. Now, if these same goods are shipped to another country where the worker(s) only receive slave wages such as $2.00 per day as a reference, we can see gross exploitation by comparison. The foreign worker will receive $10.00 per week with no benefit package at all! The cost of shipping the goods and returning them to America to be re-sold to us is cost effective to the capitalist enterprise or it would not even be considered by them!

So, if we incorporate (pun intended) this into today’s financial dilemma we have a real problem. The price of goods and services in America has reached disproportionate levels. Houses are priced beyond value, and wages are also not balanced with America’s pricing demands. Some receive inordinate wages for doing nothing while the laborer who mows their lawns and nannies their children get virtually nothing in return compensation for their labor. All the while the cost of living increases but wages are not commensurate with the cost increases. So, where do we go from here and who has the solution to this disparate system of pecuniary resources? One of the major problems is debt and interest on these debts. A seven year cycle was integrated into the Torah Law for a good and specific purpose. This cycle teaches the forgiveness of debt every seven years. What this also teaches is how to live within a certain financial confine. You learn to live within your means! Forgiveness of debt is the only solution for today’s financial crisis/dilemma! All debts must be eradicated and a fresh start given. Then the seven year cycle must be implemented. Teaching people to live within their budgets must be taught as economics 101 in schools so children can learn financial responsibility at an early age. This current crushing system will collapse the entire world if debt relief is not integrated into the financial equation as a solution, mark my words!

Never has so few people done so much to so many. The audacity of the lying deceitful marketers that are price gouging and gambling in speculative oil futures is beyond any white color crime that I have seen in many, many years. Bill O’Reilly of Fox News Factor fame and columnist, makes this eye-opening statement concerning oil’s real cost per barrel to produce. “It costs Saudi Arabia about two dollars to market each barrel of oil. Last week, those huggable Saudis charged the world $138 for that barrel of oil.” (BillOReilly.com: 2008). Now if that does not anger you, nothing will. Why should Americans pay $4.00 (or more) per gallon when it costs almost nothing to produce? 

We are constantly reading about falling (quasi) oil prices because the U.S. is cutting the demand outlook. Excuses are offered (lame) that one of the reasons gas prices are so high is because oil refineries can’t keep up with demand. When has that ever stopped any greedy capitalist from making money by building more refineries because the demand warrants it? How stupid do they think we are? And incidentally how stupid are they conceptually speaking? They believe that their little meaningless lives cannot be touched by this dilemma!   They feel they are in an untouchable position and in control of their little fiefdoms! But, what is sown is also reaped, and as sure as I am writing this blog, they will pay for their insolence and non-merciful approach with the earth’s resources. James 5:1 Says- “Come now, you rich, weep and howl for your miseries that are coming upon you.” These resources were created for the service of all of mankind, not a select few to profit excessively from. 

The current way of doing business is at best; a failure. The President is a failure, Congress is a failure, and the Senate is a failure. America is under extreme duress cataclysmically and financially. People are having their homes foreclosed on because they simply cannot make the payments. And, on top of this is the scandal developing concerning these same mortgages! Some news by-lines today, “Two hedge fund managers today became the first financial executives to be arrested over the US sub-prime mortgage scandal.” “Senate Submerged in Mortgage Scandal.” (Fox News Headline 6/18/08) So, what this means is, the fox is guarding the henhouse. I don’t know about you but, I am finding myself angry more than usual over these, and other oppressive issues being foisted upon the American people. 

Our forefathers fought against such oppression prior to and during the founding of this country. They wanted freedom from oppression and tyranny, so they fought against these oppressors, and America was born, home of the free and land of the brave. And now we are finding that a few evil avaricious people want to reinstitute slavery, (and we are the slaves) all for the sake of making a dollar. They are selling out our freedoms for their inflated bank accounts. I am one that believes in free enterprise. Free enterprise is business’s that concentrate on supply and demand for the general populace without government interference. If I plant or build something I have a right to sell what I have built or what I have reaped without intervention or intrusion by assorted marketers or middle men. I do not believe that I have the right to exploit anyone for profit whether that is fellow Americans or peoples of other lands and or countries. I make, plant, construct (houses, buildings) and then I sell what I have to any that will buy it. The going market will determine the price of my goods.

Our futures are being stolen from us by white collar criminals. White collar crime goes virtually unnoticed because of the echelon involved. And another reason why white collar crimes are so extant is the prosecuting authorities cannot afford to prosecute these white collar criminals. And if they do choose to prosecute them the dollar value of their crime (s) is determinate if they will be prosecuted at all! And if they do choose to bring them to trial, these criminals appear before the court with high dollar barristers to get them off, and, they usually do! So it is a win-win situation for these thieves, from the highest to the lowest, these parasites would steal their own mother’s life savings!

Author Kevin Phillips has written a book called “Bad Money” it addresses the why our economy is sinking. He says that Capitalism has run amok, and I am in concurrence with this concept! Here is a salient excerpt from this book:

“The most worrisome thing about the vulnerability of the U.S. economy circa 2008,” Phillips writes, “is the extent of official understatement and misstatement — the preference for minimizing how many problems there are and how interconnected they are.”

Sort of like an ostrich’s head in the sand as a good illustration! Economically, America is in trouble and at the helm of this ship sailing to devastation are foolish and unprincipled men and women leading this country to certain economic collapse.