My National Financial Rant (For Today)

The wealth that this economy was built on, still resides at the top of the global economic food chain. 

This can is evidenced by me, in an anecdotal way, by my experiences at the boat shows.  Even though the housing market was crashing and people were being forced in to foreclosure, large luxury yachts continued to sell well.  And this has been happening since the crash happened on President Bush's watch.

Luxury boats, vacation houses, and upscale town homes in posh areas continue to sell well, while median home sales are still stagnant, as are new home starts.  The money that the middle class and the poor need to pay off their debt is locked up at the top of the global economic food chain, and the rich keep getting richer, while the poor continue to stay poor.  And this is what financial redistribution is all about. 

If the republicans take office in January, we can count on more of the same solid business favoring less regulation, less government, less involvement, more privatization of services, and a reduction in social services, and less federal oversight in education and health care.  This will only serve to benefit large business, and their investors, at the cost of stripping the middle class and the poor of any remaining aid, services, and educational programs that they need.

I'm not smart enough to have a suggestion as to how to correct the problem, nor can I say that Bill Gates, Warren Buffet, and other really smart "Gajillionaires" are right when they are giving away major portions of their wealth to charities, trusts, research, and foundations.

President Obama was right on when he said "America has a debt problem and a failure of leadership."  I couldn't agree with him more.  President Obama has to introduce laws the same way members of the Congress and the Senate do.  If the Senate and the Congress pass the Bill, they send it on to the President for final signature.

No Law is created in a void!!  The President can and does create and introduce Bills, same as any other Senator and Congressman.  That Bill then gets forwarded on for review and approval, by the Senate and Congress.  How did your Representative, and Senators vote on any Bill that the President signed into Law???

Seems to me a bunch of Republicans and Democrats are to blame for this lack of leadership. 

Just think about this, Senator Mark L. Pryor (D) Arkansas stated, " You don't need to pass an IQ test to be in the Senate."  I would tend to agree with that statement as well.

Romney and Obama are smart men, surrounded by really smart people.  My fear is that if Romney gets the nod for President in November, our country will make short gains in the economy, but only as far as the lopsided world economy will support it until we suffer another economic collapse, only the next collapse will be worse due to the lack of federal aid, healthcare, and other services that were either privatized or not quite up and running at the state level when it happens.

This is a global issue, and I think we need to focus on making large and mid sized businesses help redistribute the wealth of the nation. Again, I don't have an answer, but just look at the paychecks, perks, and incentives that CEO's get each year, and the size of the profits that are being reported from the big oil, airlines, pharmacy and medical device companies. 

The republican mantra of reducing government involvement and taxation is just what big money needs to make more money... on the little guys backs.

Campy Out!