The Progressive Federal Reserve

The Fed was created to control the economy, which is a socialist mentality. They feel that they can take the ups and downs out of the normal economic cycle. Eventually the progressives got their opportunity to test their theory. In 1929 we began the great progressive Utopia. Roosevelt did what the progressives wanted; they almost eliminated the middle class. That left only the rich and the poor. FDR was hailed a hero because he provided the jobs in which he stole from the people to begin with. It was only death that kept FDR from becoming dictator.

It was only until the end of ww2 in which taxes were dramatically lowered that the country climb out of the depression created by the progressive’s Utopia, but the Fed remained. Enter 2007 and we watched, as the fed seemed to weekly lower the prime rates in an effort to maintain a strong economy, all the while the great housing bubble created by the progressives began to leak. In 2009 that bubble burst and the Fed dropped lending rates to near zero.

Plan to Restore America

There is a lot of talk right now about introducing tariffs on China and goods imported from other countries. I’m far from an economist, but from everything I have read this would be bad for the country, especially at this point. We have a government that is purposely spending this country into oblivion. This country is in uncharted waters as far as the amount of debt. As of October 10, 2010, the Total Public Debt Outstanding was approximately 94% of annual GDP, ($13.616 Trillion). The amount of unfunded liabilities is approximately $130 trillion.

A large portion of American debt is owned by China. We know we have a trade deficit, and at first glance it looks like if we change that, the other things will come into line. We have only to look at the past and that tells us that tariffs rarely work.

Recently Obama threatened a tariff against Chinese made tires. China retaliated with a tax, or even a threat to stop to stop importing American Chickens. Right now China is negotiating from a position of power.

Reply to A Liberal’s Questions

There is so much in which to reply. Let’s start with the first amendment. You say in the spirit of the amendment there is separation of church and state. The Federalist Papers tell us the intent of our founders. They wanted to keep religion safe from government, not government safe from religion. In fact some of the founders expressed that states should declare a state religion, one state actually did, but I can’t remember which. We have to read the amendment exactly as it’s written, and it’s meaning is clear that congress shall not declare a state religion and people should be free to practice whatever religion they wish.

Personally I am happy with the separation of church and state, what I do hate is for people to wish something to be in a document, so therefore that’s what must be there. You said several times that O’Donnell made a mistake and was just technically right. She was right in every sense of the word.

Who Are The Progressives?

For the past 100 years the progressive movement has pushed and clawed its way into control of the Unites States. Franklin D. Roosevelt brought the progressive movement into prominence. His progressive polices catapulted the United States into the worst economic period in history. While the rest of the world experienced a recession, or even a depression, only in the USA is it known as the Great Depression.

During the period known as the Great Depression, the USA witnessed the largest expansion of government in history. FDR perpetuated the depression so that he could push a progressive agenda. People looked upon FDR as if he was a savior when he began the jobs programs. Those people built parks, bridges and roads. While those things aren’t bad, they did little to provide permanent work.

It was only after World War II that the depression ended. For the next twenty years the USA saw prosperity never before experienced. That prosperity was kick-started by a drastic cut in taxes. Taxes needed to fund the war had been pushed even higher than the progressive tax of FDR. The war taxes were just, but the reduction of those taxes are what propelled us into the roaring 50’s, just as the reduction of taxes propelled the nation into the roaring 20’s.