The End Is Near

Have you wondered lately why we can’t seem to pull out of this recession? Why you don’t have any money and why the exiguous amount you’ve managed to save over the years has all but disappeared? Well, there are some simple reasons that our fearless leaders don’t want you to understand. Ideas and principles other nations, nations well ahead of the recessional and inflationary curve, know and practice.

The US’s corporate tax rate is likened to the old man of the sea. An onerous burden that is the main culprit of joblessness and future recovery. An inability, or more felicitously, an unwillingness to do what is necessary to pull America out of the inescapable doom that looms larger than life is what our current government is engaged in.

The US has the second highest corporate tax rate in the world, running only a close second to Japan at thirty-nine percent. Has anyone wondered why so many knowledgeable investors and financiers have flocked to Asian equities and other investment vehicles? Some of the reasons are China’s new capitalistic dogmas and practices. The Chinese government has given personal tax credits and deductions for saving to their people in order to pull them out of poverty. They have reduced their corporate tax rate to twenty-five percent, fourteen percent lower than the US corporate tax rate. Is there no wonder their businesses are flourishing? Between the inequity of trade relations, tariffs and America’s damnable corporate tax rate, we are on the brink of becoming a third world nation. Example; Obama’s obsequious kowtowing to our bankers when he went to China.

Our government is diminishing private enterprise by expanding government. With the vast majority of stimulus going towards government jobs, and the support of government unions pushing private contractors out of business under the guise of cost reduction, our private sector is on the verge of extinction.

In addition to that the Administration is coercing banks and financial institutions to make temporary loans permanent under heavy fines and penalties. Isn’t that what led us into the debacle we’re currently facing? It was called the expansion of the Community Reinvestment Act and was implemented by Clinton and his cohorts, e.g., Barney Frank and Alan Greenspan.

The real question is what can be done about it? Well, fortunately there is something. Pick our leaders more sagaciously, and with the upcoming 2010 congressional elections we’ll have the perfect opportunity. But there’s a caveat - will it be in time to head off utter destruction of the American way of life.