At the present time the cost of living exceeds the available income for the majority of the population. The economic policies relied on since the recovery from the GREAT DEPRESSION now fuel economic depression as now exists
1.)The housing market is saturated, and the Federal Reserve System has baited people into the housing markets with low initial down payments, and initial low interest rates. These people never possessed and never could possess the necessary usable income or financial resources to afford the long-term purchase.
2.)People have no money to save, and higher prices cut into necessities. The American Family must now decided between feeding their children or clothing them.
3.)With reduced buying power comes loss of jobs, and the spiral to total destruction sees no end, and has no exit signs.
1.)The Federal Government creates money out of nothing, and gives this Welfare Check to the private Banks of the Federal Reserve System to loan out the rich at regulated interest rates. The rich and Big Corporations invest this money to make more money from the National Economy, to pay off the loans. The money only has value because it is backed by the Federal Government.
2.)The Federal Government then operates from that is taxed from income. This taxed income is then stretched to meet Congress' Budget. The deficit is the amount of the federally created "free money" that Congress spend when the taxable income does not meet the Government's needs. The private Banks of the Federal Reserve System never have to pay-back the Government fro the "free money"that Congress spend when the taxable income does not meet the Government's needs. The private Banks of the Federal Reserve System never have to pay-back the Government for the "free money" Welfare Check to run the economy, but Congress holds the spending deficit over the heads of taxpayers as an excuse for more taxes and less benefits.
3.)The Big Corporations and rich people quikly [sic] fish the money out of the economy to place in their pile of savings and investments, but the "free money" never makes it down to the bottom line; WE THE PEOPLE. Then the economy gets bad and the rich complain until the Feds provide more "free money" at lower interest rates. And the spiral never ends.
1.)I would fund he Government with the "Free money" that is given to the private banks of the Federal Reserve System, and eliminate the federal income tax. Government spending would be focused on the bottom line, to get the money working its way up tot eh Big Corporations and the rich people. This would allow the money to be spent many times before being finally fished out by the Big Corporations and rich people. I would reduce the "free money" to the private Banks of the Federal Reserve System to a trikle [sic], as needed. This would require the rich and the Big Corporations to work for their money, leaving the money in control of the bottom line; the spending population.
2.)The Government would then take-over the Oil Business as a limited supply in the interest of National Security. The price of oil and gas would be regulated to an appropriate place in available spending power, but rationed so that the poor have an affordable supply. Then the Government would fund research and science to come up with alternative fuel souces [sic], and equipment that will operate with the alternative fuel sources.
3.)Then Government would subsidize, as needed, wages for labor and work with the "free money" to ensure jobs and ease the burdens on employers.
This a NUTSHELL view of JUDD'S ECONOMIC POLICY REFORM.
I respectfully request any comments or cticism [sic] or constructive input.
VERY TRULY YOURS,
KEITH JUDD, Candidate for President of USA 2008