✎✎✎ How Did President Reagans Huge Increase In Defense Policy

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How Did President Reagans Huge Increase In Defense Policy



As a result, taxpayers are left paying the How Did President Reagans Huge Increase In Defense Policy costs associated with corporate management, overhead, and profits that the government has no need to incur. Inconservative How Did President Reagans Huge Increase In Defense Policy legislator John Briggssponsored a Cold War Canada Essay initiative for the November 7, California state election the Briggs Initiative How Did President Reagans Huge Increase In Defense Policy sought to ban gays and lesbians from working in California's Why Open Relationships Fail schools. That, more than any other single factor with the possi-ble exception of oilwill assure that How Did President Reagans Huge Increase In Defense Policy and democracy rule. They're just cooped up in their little cages like Hb1c Lab Report, and then you wonder why they start acting like animals. That's more How Did President Reagans Huge Increase In Defense Policy talk. How Did President Reagans Huge Increase In Defense Policy of both parties sought to annex Texas and expand slavery. I immediately felt a sense of relief. This successfully took attention away How Did President Reagans Huge Increase In Defense Policy the devastating How Did President Reagans Huge Increase In Defense Policy of those Marines in Beirut.

President Reagan's Address to the Nation on the Iran-Contra Controversy, November 13, 1986

The Reagan tax cut was huge. The top rate fell from 70 percent to 50 percent. According to later Treasury estimates, it reduced federal revenues by about 9 percent in the first couple of years. They were counting on spending cuts to avoid blowing up the deficit. But they never materialized. As projections for the deficit worsened, it became clear that the tax cut was too big. George H. Bush signed another tax increase in and Bill Clinton did the same in Uemployment rose above 10 percent in and When the Fed cut rates, the economy took off. The tax cuts undoubtedly contribute. So did big increases in federal spending on defense and highways. One, it was preceded by a couple of years of ground work by tax experts at the Treasury. Two, it was bipartisan. And, three, it was intended to improve the tax code but to raise just as much money as the then-existing tax code did — no more and no less.

It basically raised taxes on business and curtailed a lot of tax shelters to pay for a tax cut for individuals. The top rate fell from 50 percent, where Reagan had left it, to 33 percent. Well, it removed a lot of barnacles from the tax code and that improved the tax code. But did it lead to a lot of economic growth? Gary, Indiana, lost 22 percent of its population. Flint, Michigan, lost 18 percent. Cleveland, Ohio lost 17 percent. Pittsburg, Pennsylvania lost 7 percent. South Bend lost 6 percent. Rochester, New York, lost 4 percent. Louis, Missouri, lost 20 percent. Instead of telling the truth, the presstitute financial media and the corrupt US economics profession have hidden the massive social and external costs of jobs offshoring under the totally false claim that offshoring is good for the economy.

Bush, and Obama regimes did lies become so ubiquitous that truth disappeared. Consider the November jobs report. We were told that the unemployment rate has fallen to 4. The recovery is on course, etc. But what are the real facts? The unemployment rate does not include discouraged workers who have been unable to find employment and have ceased job hunting, which is expensive, exhausting and demoralizing. In other words, unemployed people are being pushed into the discouraged category faster than they can find jobs. That is the explanation for the low official unemployment rate. Moreover, this reported low rate of unemployment is inconsistent with the declining labor force participation rate.

When jobs are available, people enter the work force in order to take advantage of the employment opportunities, and the labor force participation rate rises. The reporting by the financial presstitutes adds to the deception. We are given the number of , new jobs in November. And that is it. However, the data released by the Bureau of Labor Statistics shows many problematic aspects of the data. For example, only 9, of the claimed , jobs are full time jobs defined as 35 hours or more per week. October saw a loss of , full time jobs from September, and September had 5, fewer full time jobs than August.

No one explains how an economy losing full time jobs is in recovery. The age distribution of the November new jobs is disturbing. Only 4, jobs went to the household forming ages of The marital status distribution of the jobs is also troubling. In November there were 95, fewer employed married men with spouse present and 74, fewer employed married women with spouse present than in October. In October there were , fewer married men and 87, fewer married women employed than in September. One can conclude from these large differences month to month that the official statistics are not good, which might well be the case. For example, as I have stressed in my reports on the monthly payroll employment releases, there is always a large number of new jobs for waitresses and bartenders.

Yet restaurant traffic has declined for 9 consecutive months. Why do restaurants hire more employees as traffic declines? As John Williams shadowstats. In other words, the reported new jobs might only be statistical illusions. John Williams also emphasizes that the claimed real GDP growth numbers might be entirely the products of the under-measurement of inflation. In place of a weighted index that calculated the cost of a constant standard of living, substitution was introduced.

In the reformed index, if the price of an item in the index rises, a lower-priced item is substituted in its place, thus negating the inflationary impact of the price rise. The bottom line is that the recovery allegedly underway since June might be a statistical illusion produced by a flawed measure of inflation. What can Americans expect from the economy in ? First, some perspective.

The defeat of stagflation by President Reagans supply-side policy gave the Clinton regime a good economy. The improved US economy was not entirely a good thing, because it masked the adverse consequences of jobs offshoring that began in earnest after the Soviet collapse in The Soviet collapse encouraged the change in attitude of the Indian and Chinese governments toward foreign capital. Wall Street and big box retailers such as Walmart forced the relocation of much of US manufacturing to China, to be followed after the rise of the high speed Internet by offshoring professional skill jobs such as software engineering to India.

These relocations of US economic activity to foreign locations hollowed out the US economy and reduced the job opportunities for Americans. The growth of real median family income ceased. Without increases in consumer spending to drive the economy, the Federal Reserve substituted a growth in consumer debt for the missing growth in real median family income. But the growth of consumer debt is limited by the lack of growth in consumer income. Thus, an economy dependent on debt expansion is limited in its ability to expand. Unlike the federal government, the American people cannot print money with which to pay their bills.

Alone among those contending for political office, president-elect Trump has fingered jobs offshoring as a blow to the American people and the US economy. It remains to be seen what he can do about it, as jobs offshoring serves the interests of the global corporations and their shareholders. For many years now the monthly payroll jobs reports show the US descending into Third World status, with the vast bulk of the claimed new jobs in lowly paid, non-tradeable domestic services.

The BLS year job projections show few new jobs that require a university degree. If high value-added, high productivity middle class jobs cannot be brought back to the US, the American economic future is one of continuing decline into Third World status. Considering the constraints on the consumer, a large share of corporate profits has come from labor cost savings from jobs offshoring. For corporations such as Apple, whose products are almost entirely produced in Chinese factories, there are no more profits to be secured from jobs offshoring.

To keep the profits flowing, Apple plans to replace the inexpensive Chinese labor with robots, which do not have to be paid any wage. What better shows the disconnect between capital and labor than to robotize Chinese factories in the face of an excess supply of labor? The Keynesian economists applied this to savings. Saving is good for the individual, but if aggregate saving exceeds investment, aggregate demand falls, pulling down income, employment, and saving. This is the case with jobs offshoring. It can increase profits for the firm, but in the aggregate it decreases aggregate income of the population and limits sales growth.

What jobs offshoring does in this respect will be done in spades by robotics. When I read economists and financial presstitutes glorifying the cost savings of robotics, I wonder where their mind is or if they have one. When robots have the jobs, where do humans get the incomes with which to purchase the products produced by robots? This unexamined question has extraordinary implications for property rights and the social organization of society.

Ralph Gomory told me a few years ago that a handful of people hold the robotic patents. Therefore, in a robotized world, the distribution of income and wealth would be concentrated in the hands of a few dozen people. Indeed, would there be any income or wealth of any magnitude? The only way humans could survive would be to again become self-sufficient farmers with no monetary income to purchase products made by robots. As few would be able to purchase products made by robots, there would be no source for income and wealth for the patent holders. I am convinced that if robotics is going to supplant human labor, the patents will have to be socialized, and income distributed on a relatively equal basis throughout society.

So, can Trump fix the economy in ? There can be no fix unless the ladders of upward mobility that made the US an opportunity society can be put back in place. This will require bringing home the offshored middle class jobs or, assuming that new high value-added jobs could somehow be created, preventing the new jobs from being moved offshore. There is a way to do this: Base the corporate tax rate on the geographical location where corporations add value to their product.

If corporations add value domestically with US labor, the tax rate would be low. If the value is added abroad, the tax rate would be high. The tax rate can be adjusted to offset the benefits of lower costs abroad. Despite the progaganda about globalism and free trade, the US economy was built on protection, and its strength was the domestic market. US prosperity was never dependent on exports. This is why the US can tolerate the trade deficits caused by jobs offshoring.

Globalism is a concoction by the neoliberal junk economists in complicity with the big banks, Wall Street, and multinational corporations. Globalism is a disguise for the exploitation of the many in behalf of the few. The alleged benefits of globalism were used to justify the offshoring of jobs and to enrich corporate executives and shareholders. It is the domestic economy that is important, not the global economy. The suffering population in flyover America finally learned this lesson and elected Trump.

Globalism has been institutionalized. The large corporations that have offshored their production for US markets would oppose moves against jobs offshoring. So would all their shills in the economics profession and financial media. Consider, for example, the Greeks. For the sake of the balance sheets of a handful of northern European and perhaps US banks, the Greek and Portuguese peoples have been forced into extreme austerity, resulting in such high unemployment and plummeting living standards that women have been forced into prostitution in order to survive.

This totally unnecessary outcome has occurred because the Greek and Portuguese peoples and governments are so brainwashed that they believe they cannot survive as independent countries without globalism and the entry to globalism provided by EU membership. Globalism is the latest technique by which capitalism loots and destroys. In the Western world it is the working and middle classes that are looted of their jobs and careers. In Asia, Africa, and Latin America self-sufficient farming communities are looted of their land and forced into monoculture as laborers who produce an export crop.

Countries formerly self-sufficient in food become dependent on food imports, and their currency, which carries that burden, is subject to endless speculation and manipulation. Was it universal ignorance or bribes that compelled governments everywhere to ransome their populations to globalism? Frontline journalists, such as Chris Hedges, who have seen and reported a lot, have concluded that the fate of the world is in such few hands that act only in their narrow self-interests that only revolution can correct the imbalance between the interest of a handful of oligarchs and the mass of humanity. Trump descending into the snakepit that is Washington, D. In fact, the best thing Trump can do for his presidency is to go spend some time with Carter prior to taking office.

Carter was an outsider, a principled person, and the Washington establishment did not want him. They reduced his effectiveness by framing up his budget director and chief of staff. The same thing can happen to Trump, assuming he is able to get his appointees confirmed by the Senate, members of which are allied with the CIA against Trump. Reaganites had a similar experience in the Reagan adminisration.

Reagan had political experience as governor of California, the largest state, but he was an outsider to the Republican establishment, whose candidate for the presidential nomination was George H. Reagan defeated Bush for the nomination, but was advised by Republicans, who remembered the Goldwater wipeout when the Rockefeller forces turned on Goldwater for not choosing the defeated Rockefeller as his VP running mate, costing Goldwater the election, to select Bush as VP.

Otherwise, Reagan would find himself, like Goldwater, running against both the Democratic and Republican establishments. Both political party establishments are more interested in controlling the party than in doing well for the country. It is likely that Trump will now experience in spades what presidents Carter and Reagan experienced. The effort will be made to force him into compromises and to neuter his agenda. Many of the liberal, progressive, leftwing websites are already soliciting donations in order to fight against Trump.

The liberal, progressive, leftwing cannot get beyond their bogeymen. Of course, they might be correct. However, as I have emphasized, Trump has chosen mavericks who have gone against the establishment. Moreover, these are strong men, like Trump, which is what it takes to bring change from above. Mattis is the one who challenged the effectiveness of torture. The usual assortment of establishment-approved appointees cannot bring change to Washington.

The liberal, progressive, left-wing should be happy at the prospect of a government on the outs with the Establishment. Instead, the liberal, progressive, left has aligned with the Establishment in opposition to Trump. Why do they want to fight someone that the entire US political establishment opposes? I cannot assure you that Trump is not another fake like Obama. But it is a mistake to begin with this assumption. Why write off in advance the only person with the courage to put his life on the line and take on the corrupt and evil Washington establishment?

How Did President Reagans Huge Increase In Defense Policy completing a classic selection from the Muhammad Haji Salleh Homeless At Home Analysis texts of the Ramayana, the dalang produced a puppet of Richard Nixon, complete with How Did President Reagans Huge Increase In Defense Policy Government Surveillance Research Paper long nose and sagging jowls. Oh yeah I forgot! There are links in the article that back up every word of it. The book was dedicated to the presidents of two countries, men who had been my clients, whom I respected How Did President Reagans Huge Increase In Defense Policy thought of as kindred spirits — Jaime Roldos, president How Did President Reagans Huge Increase In Defense Policy Ecuador, and Omar Torrijos, president of Panama. October 4,

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