On The Fiscal Cliff... President Reagan Raised Taxes, So Should We.

President Reagan learned his lessons really fast when it came to mistakes he made in his tax reforms. He famously tried to cut taxes and walk away without raising revenue to cover those cuts... but learned the hard way that you can't have cuts in some areas and not raise revenues to cover it. So a few months after he cut taxes he had to start raising them again...an amazing 11 times!! 

This coming 'Fiscal cliff' event is creating all sorts of discussions and ideas, but if we look at history, it seems all too clear.

Bloomberg.com..."But in the face of large and growing deficits, Reagan eventually did come around on the need for additional revenue. Even before the 1981 tax cut was on the books, many White House advisers had begun to worry about projected deficits, which were on a steady upward march from 2.6 percent of gross domestic product in 1981 to 4 percent in 1982. They would reach 6 percent in 1983.So, just weeks after his Santa Barbara signing ceremony, Reagan floated the possibility of -- wait for it -- closing loopholes. He was careful to avoid any suggestion that he wanted a tax increase. Instead, he and his advisers asked Congress for "revenue enhancements."

Euphemisms can obscure a variety of sins. And Reagan's euphemist, Larry Kudlow -- then an official in the Office of Management and Budget -- was unrepentant. "There's no better way to sell economic theory than by the euphemistic route," he told the New York Times." ...[in other words, confuse the republican base that just don't get it]

Enter Ben Stein...noted eye drops guy...on Fox news trying to educate their viewers. [There's a joke in that statement somewhere]
Mr. Stein is making the clear cut statement that he agrees with President Obama that some raising of taxes is warranted by the present fiscal needs of the country. 
Courtesy YoungTurks...
"I hate to say this on Fox-- and I hope I'll be able to leave here alive—but I don't think there is any way we can cut spending enough to make a meaningful difference. We're going to have to raise taxes on very rich people, people with income like say $2-3 million a year and up and then slowly move it down,... " When taxes were 70%-80%, "we were extremely prosperous..."



As President Obama said, 'it's math'  when we raise taxes carefully, we will grow the economy in a positive way and become as Ben Stein says 'extremely prosperous' 

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Is America Dead?

Kumbaya my ass!!  ...I just wanted to start with that. The verdict is in...It is the general feeling that the President is a house negro. You can put your own meaning to that, but it generally means he will do what he is told by his Master, which in this case is Corporate America. The President is now being thought of as being "Republican Light"...sort of like what light beer is to real beer. How is he a "Republican Light" you ask?

 Well he raised more Corporate money than Hillary Clinton in 2007 when running against her. He also hired Larry Summers, the same guy who is thought to have deregulated Wall St during the Clinton years...and the same guy that Dr. Henry Kissinger said should be given a White House position...This is a snippet of what Wikipedia has to say..."As Treasury Secretary, Summers led the Clinton Administration's opposition to tax cuts proposed by the Republican Congress in 1999. Also during his stint in the Clinton Administration, Summers was successful in pushing for capital gains tax cuts. During the California energy crisis of 2000, then-Treasury Secretary Summers teamed with Alan Greenspan and Enron executive Kenneth Lay to lecture California Governor Gray Davis on the causes of the crisis, explaining that the problem was excessive government regulation. Under the advice of Kenneth Lay, Summers urged Davis to relax California's environmental standards in order to reassure the markets." I recently wrote an article titled America died last night...seem's like it is coming to fruition.

In a kitchen you do not use a butter knife to chop your meats and vegetables, in the same way you cannot expect to put a Priest in the White house and expect him to deal with Wall St with an iron fist. You need a man who can play both sides of the aisle, so he can juggle and keep both Wall st. and Main st. functioning. The President said as much when he suggested that if we wise up and realize that he is a Corporatist in disguise, we must rise up and make him do what we need him to do....and he is willing, but he is waiting until we demand as much of him, with our actions.  He can't go against the Corporations without our demands being his reason to do such an act. He is walking a fine line between Wall st and Main st, because he has no choice, and the argument is that if he does not appease his Corporate Financiers a bit, they threaten to pull out and crash the economy. He has to make Wall st work for Main st, by our instruction.

Now I would like to point out that some want Tax cuts for the wealthy Multi Millionaires, the Billionaires and by extension the Corporations,  in order for them to create jobs. Well they are the ones who have been shipping the jobs away, outsourcing jobs while they receive their tax cuts. The Corporations are also accused of encouraging the immigration problem by offering substandard jobs for little pay, while collecting tax breaks to generate these jobs. It is said that the immigrants are taking jobs that American workers want.

To put it simply, The Corporations are causing many of the problems we face today. The tax cuts they are enjoying and lobbying for are not being used to generate jobs, it is being used to reinvest and generate jobs in foreign countries. They are firing the immigrant workers who do get their status legally changed to work, and replacing that now jobless immigrant with another undocumented worker.

Walmart and other companies will bring products from China costing them 5 cents while the same product produced in America costs 50 cents. The way to stop this is for the Customs practices to change so that the imported Chinese products are charged a Tariff of 45 cents to level the cost factor for the Companies. This way the companies will not hesitate to produce the products right here in America. This is also a way for America to generate some extra cash, and may even help to lessen the tax burden on the American people.

What happens when a drug pusher is arrested? There is a vacuum created and like it or not,  the pusher is soon replaced by another ambitious Free Market Capitalist. So...the answer is simple, take away the tax cuts for the rich because they are not using it to create jobs, this will save Billions... then start charging Tariffs on the imported products, which will leveling the playing field and the jobs will come back to America. If the Companies choose to leave, there will be another Ambitious Free Market Capitalist Company waiting to fill that vacuum and produce the same products and jobs here in America...with or without Tax Cuts.

This will in turn solve the Immigration problem, because we will now have 50 to 100 million jobs available as a result...for example, a Car Manufacturer needs dozens of other industries to make parts and supplies to support it. That means thousands of jobs just in that one Product. Think of this happening on a massive, Country-wide scale...This would create the need for both the unemployed Americans and all the immigrants to fill those jobs.

 As a side note, when we produce these millions of jobs, we will also have a greater need for more Teachers, Nurses, Doctors and a whole Technology system, and a much larger Transportation and Logistics system to sustain the growth we will experience, that translates to thousands more skilled jobs and millions more to support those jobs, which will again bring America to the top of the Global Food Chain and use up all of our unemployed. The ripple effect will hit the Agriculture belt like a Hurricane and we will again produce more foods and revitalize our Farming Industry.  The failing infrastructure will then need to be rebuilt, thus adding more jobs.

The Problem started with the Corporations...and we should start there, to bring our country back...back to where the people have a voice and our children have a future. Just in case you think the Corporations are our best friends...watch this video...
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This article was written by the Author of the newly released book titled "Shock and Awe on America" which can be bought in print or for Kindle at Amazon.com
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