Story originally printed in the Onalaska Life or online at www.onalaskalife.com
Published - Tuesday, April 15, 2008
LETTER: Time to wake up to economic realities
The stock market, which has been defined as a poker game, is in deep trouble. How do you jump-start an economy that is out of gas?
The whole plan of those in charge of our economy depends on the theory that continued growth is the way that stock values will go up, and prosperity is around the corner. To get the economy going again, we must put money back in the hands of the consumer and not the capitalistic investors.
We have two ways to do this. Number one is to suddenly give massive pay raises to every worker. Number two is to stop inflation, stop lowering interest rates and stop catering to big business.
Big business has three plans: computerize all jobs, export jobs and find a way to pay no taxes. They have projected no taxes as the only way out of our problems. Any civilized country must have money to function.
Everyone wants good, honest government. Everyone hates to have to pay for it. Our present leaders, who call themselves conservatives, would like the protection of the laws but refuse to pay for a government that provides this service. While they have greatly benefited, they refuse to pay their share.
The poor, who have been robbed by fraud and greedy profiteers, are supposed to provide the gas to keep a dead economy going. Often the rich try to jump-start it by more inflationary means. Will someone wake up to reality?
All stories copyright 2006 Onalaska Life and other attributed sources.