|

Dr.
Laurie Roth
Why Is This Recession So Serious?
January 10, 2009
The only way to save the U.S. now is to suck it up, remind ourselves who
we are and what we stand for and realize that this very serious economic
downfall will most likely be in our face and pocketbooks for several
years, bail outs or not!
Why is this recession so serious? What is different with this one and
the last several?
Over the last several decades of recessions and down turns we at least
had a manufacturing base, growing productivity and borrowing would occur
against productivity that was building, not disappearing. Most of our
industries weren’t employing thousands of people in South America,
Mexico, India or China, or even worse, taking their headquarters there.
Now they are.
Paul Roberts, former Assistant Secretary of the Treasury in the Reagan
Administration talks about how it doesn’t work anymore to stimulate
consumer demand by lowering interest rates. People still won’t buy
because this time around their debt is too high, homes are gone or going
away and jobs are shaky.
The international seduction and globalism has all but killed us!
With manufacturing disappearing, US corporations selling out for cheap
labor abroad, thus betraying our own work force, and American consumers
buying a ton overseas, it is really hard to “stimulate,” with a bailout,
more people back to work. Hundreds of thousands of the great jobs are
now overseas!
We are becoming a dependent nation for products and industry rather than
a leader nation which we have always been.
Why is this recession so bad and different? With all the peeling off our
own skin regarding manufacturing, sending thousands of corporations and
jobs overseas and continuing the cult of more and more debt via
Government and our personal habits, we have no where left to go. We have
almost killed ourselves.
Other contributors to our economic nightmare
The New World Order crowd has been pushing for an international,
unitarian type power arrangement regarding countries and their money
supplies since the early 1970s. In fact, one of the New World Order
‘gods,’ Henry Kissinger, just recently came out and said that Obama had
the perfect setting for the establishment of “a New World Order.”
On a recent CNBC show, "Squawk on the Street," Kissenger said:
“The president-elect is coming into office at a moment when there is
upheaval in many parts of the world simultaneously. You have India,
Pakistan; you have the jihadist movement. So he can’t really say there
is one problem, that it’s the most important one...His task will be to
develop an overall strategy for America in this period when, really, a
new world order can be created. It’s a great opportunity, it isn’t just
a crisis.”
You realize of course that the New World Order crowd, aka the Trilateral
Commission, wants redistribution of wealth, unfair trade agreements,
which they already spear headed like NAFTA and CAFTA. They want the
North American Union and Super Highway. Anything to tear down our
‘arrogant’ sovereignty and borders and open us up to the world’s
neediness, products, terrorists and illegals.
Spending more money and making more “rescue” debt isn’t the answer. If
we want to preserve our country and Constitution we must toughen up and
reintroduce manufacturing and business again on our shores! We should
never have allowed whole industries to ship over seas. We should
dramatically cut regulation, taxation and litigation that would threaten
industry and business to thrive again in the US. Nuclear and energy
exploration and development could happen boldly if it could afford to do
business here without being regulated, taxed or sued out of the country.
What if we can’t compete with all the cheap labor in the world??? Then
perhaps we should be the first in quality and innovative ideas again.
Using slave labor in many foreign markets because we must have what
Wal-Mart has is stupid thinking and unAmerican. Slavery is evil and
wrong whether it was used for commerce in our country in the 1700s and
1800s or used because of greed now in big business. It doesn’t matter
what nationality is used for our greed, slavery is always evil.
We should also start a major campaign to buy US products again. We must
make our products higher quality and better than international products.
Stupid and unfair trade agreements should be stopped and reversed. As it
is now, its 50/50 all right with trade...we get the sled up the hill and
the world gets the sled down the hill.
This
recession may dip into a depression and go on for quite some time until
we change our worldview, reintroduce our manufacturing and innovative
base again, stop our seduction and addiction to debt and cheap products
and start taking pride again in being American! |