Welcome

Use the Menus and the Categories to see what’s here. Only the new stuff will be on the front page. Look around and let me know your opinion, but first please read the CopyRight, Terms, and Privacy pages before accessing any other part of the site. By accessing any part of this site other than this page and the pages listed under Site Info in the Menu you have agreed to be bound legally by their content. Registered Users can leave comments. For those who want to comment but are not ready to register, you can use the write to me link in the Menu.

Economics?

Current Events Comments Off
Jul 112006

GW seems to think that an increase in corporate profits (and thus the compensation of all his CEO friends) compensates for the huge deficits his administration has been running.   Well that just ain’t so! 

The whole bases of the GDP is meaningless.  The true measure of the economic condition of the nation is the standard of living of the mass of the people.  There is no measure that gives us that information.  The only thing that comes close is the income gap between the top 5% and the rest of the population, and that gap has continued to grow and grow year after year. 

The Free Trade agreements that the US has entered into were sold to us as a way to lift the standard of living of people in 3rd world nations and open markets to US exports.  That is why I believe in the concept of free trade IN PRINCIPLE.  But the American People (with the exception of the top 5%) have become the victims of what is CALLED Free Trade, not it’s beneficiaries.  The only ones to benefit have been GWB’s CEO friends.  Instead of lifting the standard of living for others, the current free trade system has only made the poor poorer, the rich richer, and middle class smaller.

"Those who cannot remember the past are condemned to repeat it."- George Santayana (1863-1952)
"History may not repeat itself, but it does rhyme a lot."- Mark Twain
"We've heard that a million monkeys at a million keyboards could produce the complete works of Shakespeare;
now, thanks to the Internet, we know that is not true."-Robert Wilensky
Copyright ©2000...2010 Russ Perry, All Rights Reserved Suffusion WordPress theme by Sayontan Sinha